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Cryptocurrency market soars by $35bn in a day spurred by Bitcoin halving ‘event’ and Fed money-printing

The cryptocurrency market rallied on Thursday led by Bitcoin , as the Federal Reserve continues to push money into financial markets to contain the fallout of the coronavirus health emergency. Overall, cryptocurrencies gained more than $35bn in market value over the last 24 hours as the Federal Reserve committed to maintain low interest rates, while…

Starbucks boss: “Stir-crazy” Americans ready to end lockdowns

Galina Mikova

Starbucks chief executive Kevin Johnson (pictured) said Americans are going “stir-crazy” due to coronavirus lockdowns, and is confident his chain will thrive once restrictions are lifted. Johnson said:“ We have all been in our homes for six weeks, we have got a little stir-crazy. People want to get out and do something, but they want…

Billionaire industrialist Hinduja expects oil to rise to $40-$50 after pandemic

Mohit Oberoi

Billionaire industrialist Gopichand Hinduja says he expects oil to sell between $40-$50 per barrel after the coronavirus crisis is over. The West Texas Intermediate (WTI), the US benchmark, fell below zero for the first time in its history earlier this month. It has gained some ground to trade at around $14 on Wednesday. Prices have…

Amazon stock soars 30% from March Low, lockdown poised to see it beat earnings estimates this week

Siraj Sarwar

Amazon (NASDAQ: AMZN) stock price gained more than 30% of the value from March lows as investors are expecting the Big Tech giant to post strong top-line numbers on Thursday for the first quarter due to stay-at-home demand due to the coronavirus pandemic. The consensus revenue estimate is $73.5bn for the first quarter, indicating close…