gold-price-forecast-–-gold-markets-have-collapsed

Gold Price Forecast – Gold Markets Have Collapsed

Motley Fool

Why Faraday Future Stock Rocketed 50% Today

What happened Shares of California-based electric vehicle (EV) company Faraday Future Intelligent Electric (NASDAQ: FFIE) soared as much as 80% today before the gains faded to 52% as of 3:52 p.m. ET. The stock has experienced a parabolic rise over the past week.

Forkast News

Crypto lender CoinLoan reduces its daily withdrawal limit by 99%

Estonia-based crypto lending platform CoinLoan is slashing its daily withdrawal limit from US$500,000 to US$5,000, in hopes to prevent liquidity-related interruptions due to surges in customer withdrawals. See related article: Three Arrows Capital files for Chapter 15 bankruptcy Fast facts CoinLoan says its decision wasn’t driven by market instability and claims to be “probably the […]

Reuters Videos

S&P 500, Nasdaq end higher as tech shares surge

STORY: Stocks ended mixed Tuesday as investors kept their focus on the growth trajectory of the U.S. economy and awaited key economic data due out later this week, including minutes from the Federal Reserve’s meeting last month and the June jobs report.The Dow slipped four tenths of a percent, while the S&P 500 closed up fractionally. But the Nasdaq surged, ending one and three quarters of a percent higher.Michael Vogelzang is chief investment officer at CAPTRUST.”Clearly, the market is sort of looking at inflation as old news and that worried – and is worried – that the Federal Reserve will continue to tighten interest rates and financial conditions so much that we end up in a recession. So, there’s a lot of debate, a lot of discussion, around whether or not we’re either already in a recession or one’s right around the corner. And there’s sort of pros and cons, but today’s market activity is very much focused on that. We see energy down a lot, which is, of course, very cyclical. We see other cyclical industries down, materials, and we see things… Actually, the Nasdaq is up, which is typically thought of to be less cyclical. [FLASH] And I think the most important question for investors to decide is to whether or not Apple and Microsoft and Facebook and Amazon and Google and so on actually provide a shelter in an economic storm. And I think, my guess is, that over time, as the economy continues to slow that we’re going to see a little more demand for those stocks after they’ve, since they’ve sold off so much.”All of those Big Tech stocks surged Tuesday, as Apple, Microsoft, Amazon.com, Google-parent Alphabet and Facebook-owner Meta lifted the tech-heavy Nasdaq.Energy stocks hit five-month lows as recession fears darkened the outlook for oil demand.And the materials sector was at a more than year low as a slump in metal prices hit mining shares.Finally, shares of Uber Technologies rose more than 5% after launching its ride-hailing and platform in Israel, as it continues to expand globally.

Bloomberg

Zimbabwe Sells Gold Coins to Ease US Dollar in High Demand

(Bloomberg) — Zimbabwe’s central bank plans to sell gold coins to the public from July 25 as a store of value to stabilize the nation’s tumbling currency and offer an alternative to the US dollar. Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarPerson of Interest in July 4 Parade Shooting That Killed Six in Police CustodyBezos Slams Biden Over Call for Lowering of Gas PricesTesla Pauses Plants After Ending Shaky Quarter With a Production MilestoneBitcoi

Bloomberg

Scandinavia’s SAS Files for Bankruptcy as Most Flights Grounded

(Bloomberg) — SAS AB filed for Chapter 11 bankruptcy protection after a pilots’ strike grounded a majority of the Scandinavian airline’s flights, worsening the travel chaos that’s gripped Europe at the height of the summer season. Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarCiti Says Oil May Collapse to $65 by the Year-End on RecessionUkraine Latest: Kyiv’s Immediate Funding Needs Hit $65 BillionBezos Slams Biden Over Call for Lowering of Gas Prices

TipRanks

Seeking at Least 11% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy

The first half ended last week, and the S&P 500 is now firmly stuck in a bear. The rapid change from record high levels at the end of last year, to a 20%+ drop in these past six months has pummeled investors, who have had to cope with shrinking share values, increased volatility, and an unpredictable and risky equity environment. The most serious issue facing economists and traders right now is the possibility of recession in the near term. The US GDP contracted by 1.6% in Q1, and preliminary da

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