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Tom Kool

Tom Kool

Writer, Safehaven.com

Contributor since: 21 Mar 2018

Biography

Tom majored in International Business at Amsterdam’s Higher School of Economics, he is now working as news editor for Oilprice.com and Safehaven.com

  • S&P 500 Officially In An Earnings Recession

    Published 19 September 2019 | viewed 1,061 times

    With second-quarter earnings season now in the rearview mirror and Q3 underway, analysts claim that S&P 500 is officially in an earnings recession for the…

  • Anti-Aging Market To Hit $55 Billion

    Published 09 September 2019 | viewed 1,453 times

    It’s not just you who’s aging. Our world is getting old. By next year, 55-year-olds will outnumber 5-year-olds. By 2050, the number of people aged…

  • These Rare Stones Are About To Become Priceless

    Published 14 August 2019 | viewed 2,916 times

    Mining giant Rio Tinto is shutting down operations at its giant Argyle mine in Western Australia, and the anticipation is that move will great a…

  • Facebook Suspends Saudi Propaganda Accounts

    Published 05 August 2019 | viewed 908 times

    While it should come as no surprise given the high level of digital propaganda prowess coming out of the Gulf region, Facebook is now making…

  • Buying U.S. Residency Just Got A Lot More Expensive

    Published 26 July 2019 | viewed 803 times

    Buying permanent residency in the United States just got a lot more expensive. As the Trump administration cracks down on every form of immigration it…

  • Is There Really Any Upside In The Market Right Now?

    Published 09 July 2019 | viewed 890 times

    The DOW had shed almost 100 points by 10:30am EST; and it’s hard to find the upside--even with a good chunk of Wall Street anticipating…

  • Tax Cuts And Cheap Money Push The U.S. Budget Deficit Closer To The Edge

    Published 13 June 2019 | viewed 947 times

    The United States is facing an interesting conundrum—an unruly budget deficit that stubbornly refuses to be tamed in an otherwise healthy economy. The Treasury Department…

  • Auto Industry To Get Temporary Tariff Relief

    Published 15 May 2019 | viewed 3,339 times

    The S&P 500, Dow and Nasdaq have all pared today’s earlier losses on multiple mainstream media reports that the Trump administration may delay by six…

  • Millionaires Are Migrating In Record Numbers

    Published 04 May 2019 | viewed 2,394 times

    Some 108,000 millionaires packed up and migrated to foreign countries last year alone, according to Johannesburg-based New World Wealth data, with everything from tax laws…

  • Federal Reserve Downgrades U.S. Growth And Cuts Rate Hikes

    Published 21 March 2019 | viewed 1,412 times

    The Federal Reserve downgraded its estimate for U.S. economic growth to 2.1 percent, from 2.3 percent in December No more rate hikes this year, says…

  • Germany’s Flirtation With Recession Could Cripple The Global Economy

    Published 17 March 2019 | viewed 2,101 times

    There are plenty of things to worry about in Europe right now, far beyond the populist far-right Italian government going on a spending spree that…

  • Russian Banks Scramble For Sanction Loopholes

    Published 15 March 2019 | viewed 2,426 times

    The name of the game these days is finding ways around crippling US sanctions, and Russia is the king of pre-emptive thinking. Right now, reports…

  • Wall Street Is Dumping Deutsche Shares In A Hurry

    Published 06 March 2019 | viewed 3,374 times

    Deutsche Bank (DB) is getting desperate, and Wall Street is ditching it—fast. The most recent quarterly results were dismal, one of its investors has been…

  • Most Crypto Investors Don’t Know This Tax Loophole

    Published 17 January 2019 | viewed 3,349 times

    So you lost big on crypto this year … but what you might not know—according to Credit Karma—is that you could claim a tax deduction…

  • Analysts Bet On Potential Fed Rate Hike For Christmas

    Published 12 December 2018 | viewed 882 times

    Due to the expected slowing global economy, stock market turmoil and the growing headwinds from rising interest rates, some analysts are holding out hope that…

  • Tech Crunch Drags Markets Lower

    Published 19 November 2018 | viewed 1,360 times

    Monday, November 19, 2018 Stocks down. U.S. stocks opened lower as tech and energy companies weighed down the markets. Major tech companies Apple, Facebook and…

  • What’s Behind Buffett’s Billion Dollar Berkshire Buyback?

    Published 05 November 2018 | viewed 1,267 times

    As quarterly profits double for Warren Buffett’s Berkshire Hathaway conglomerate, the legendary investor moves to buy back over $900 million in shares in one of…

  • Cashed-Up Companies Spark Private Jet Boom

    Published 27 October 2018 | viewed 810 times

    Buyers aren’t calling the shots anymore in the luxury, private plane market. Today, it’s all about sellers for the first time in quite a while,…

  • American Steel Downgraded As Trade War Escalates

    Published 17 October 2018 | viewed 7,928 times

    Any investors in the American steel industry who were celebrating Trump’s tariffs jumped the gun a bit. If you follow this scenario through to its…

  • Has The Stock Market Reached A Tipping Point?

    Published 11 October 2018 | viewed 1,723 times

    After a decade-long bull run, Morgan Stanley now says it’s seeing signals that it might be time to ditch the growth stocks and hit up…