Tag Archives: Momentum

(Bloomberg) — Stocks struggled to maintain momentum in the wake of another record-breaking session on Wall Street, as a rally in Europe took a breather despite dovish comments from policy makers. Most Read from Bloomberg Futures on the S&P 500 and Nasdaq 100 were little changed after the indexes clocked up gains of more than 1% in the wake of an inflation reading that did little to alter traders’ conviction that the Federal Reserve will shift to cutting interest rates this year. Treasury… Source link

Google Cloud CEO Thomas Kurian delivers the keynote at Google Cloud Next 2022 in New York City at … [+] the Pier 57 Google Office. Daniel Newman – Futurum Research The cloud market is increasingly competitive, and while AWS and Microsoft have been the leaders by market share, we have seen in recent times names like Oracle, IBM, and Google, all ambitiously working to compete in the cloud marketplace with each finding footing as cloud adoption continues to proliferate. This week at… Source link

(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 pre-market trading Tuesday after a day in which the overall market plunged and Oracle’s stock hit a 16-month low. “Couple a high growth rate in our… Source link

JPMorgan says this is the only sector seeing ‘quality, growth and momentum scores’ improve all at the same time Energy stocks are some of the top performers in the market. But according to JPMorgan, more gains are on the horizon. “Energy is the only sector that is seeing quality, growth and momentum scores improve simultaneously while maintaining an attractive value and income profile,” JPMorgan’s chief U.S. equity strategist Dubravko Lakos-Bujas writes. Strong commodity prices have… Source link

Yahoo has promoted Elizabeth Herbst-Brady to lead its Global Revenue and Client Solutions and as part of that team, Josh Partridge has risen to the position of head of EMEA where he will be responsible for driving growth for the media company across each market. Source link

After hitting a low of around $31,000 in mid-July, bitcoin (BTC-USD) has healthily recovered, currently trading at around $55,000 following resistance at around $45,000 during September. Amid talks of regulation over cryptocurrency markets, however, OANDA Market Analyst Craig Erlam believes that bitcoin’s momentum will continue. “You look at the charts, for example, and that’s all we really have to go off right now — and there just still seems to be plenty of momentum in the move,”… Source link

A PayDepot Bitcoin ATM machine is pictured in a shop in Union City, New Jersey, US. Photo: Reuters Cryptocurrencies were broadly higher on Friday but bitcoin remains below the $50,000 (£36,462) mark amid mining difficulties. Bitcoin (BTC-USD) hit a three-month high above $50,000 on Monday. It was up 0.7% on Friday morning but was trading at $47,271. Ethereum (ETH-USD), the second biggest crypto by market cap, ticked up 0.8% to trade at $3,114. Forbes reported that “mining difficulty”, a score… Source link

WASHINGTON — Top public health officials are warning about an alarming rise in coronavirus cases, hospitalizations and deaths, figures that represent a bitter setback in the fight to end the pandemic. “Across the board, we are seeing increases in cases and hospitalizations in all age groups,” Centers for Disease Control and Prevention Director Rochelle Walensky said during a Thursday briefing by the White House pandemic response team. She noted that as of Monday, a full 83 percent of… Source link

The plunge in cryptocurrency prices since April doesn’t appear to have knocked Coinbase (COIN) off its stride so far in the second quarter. “I think that those who were new to this space may have under estimated the volatility that we can see in this market. But crypto is volatile, and we have to remember this is a really young industry and a very nascent asset class. So while we have seen a lot of volatility, we have been dealing with this since the very beginning,” said Coinbase CFO Alesia… Source link

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