Momentum

Stronger-than-expected momentum in the Biden economy just made BofA revise its recession forecast

Stronger-than-expected momentum in the Biden economy just made BofA revise its recession forecast

Back in July, Bank of America hired Michael Gapen as its chief U.S. economist, and the former Barclays exec began his tenure with a gutsy call, arguing a “mild recession” would hit the U.S. by the end of the year. Before Gapen’s hiring, Bank of America’s economists had refrained from using the R-word, even if …

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Gold prices may see a short-term bounce next week, but sentiment remains depressed

The Federal Reserve’s slight shift in monetary policy will drive bullish momentum in gold price next week

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – According to the latest Kitco News Weekly Gold Survey, Wall Street analysts and Main Street investors see the …

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Market Rally Extends Momentum As Apple Pops, Amazon Soars

Market Rally Extends Momentum As Apple Pops, Amazon Soars

Dow Jones futures rose overnight, along with S&P 500 futures and especially Nasdaq futures, with Apple (AAPL) and Amazon.com (AMZN) headlining another wave of overnight earnings. X The stock market rally showed strength Thursday, shrugging off a post-Fed pullback and weak earnings to move modestly higher. Key Earnings Overnight In addition to Apple and Amazon, …

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World Gold Council sees flat gold demand in 2022 as market loses momentum in Q2

World Gold Council sees flat gold demand in 2022 as market loses momentum in Q2

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The gold market saw robust physical demand in the first half of the year, but slowing growth …

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Bitcoin Soars as Crypto Traders Turn Bullish. 2 Signs the Rally Has Momentum.

Bitcoin Soars as Crypto Traders Turn Bullish. 2 Signs the Rally Has Momentum.

Text size Cryptos are recovering after weeks of losses. Dreamstime Bitcoin led a rally in digital assets on Friday as cryptocurrency traders seemed to turn firmly bullish after weeks of prices under pressure. The price of Bitcoin rose 5% over the past 24 hours to $21,500. The largest digital asset moved as high as $22,400 …

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Oracle’s Cloud Business Shows Momentum, Sending Shares Higher

Oracle’s Cloud Business Shows Momentum, Sending Shares Higher

(Bloomberg) — Oracle Corp. reported results and gave a forecast suggesting the effort to move its customers to the cloud is gaining momentum, and the acquisition of health care records provider Cerner Corp. will help accelerate the growth of the business. Most Read from Bloomberg Investors reacted positively, sending shares up more than 13% in …

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