Tom Kool

Writer, Safehaven.com

Contributor since: 21 Mar 2018

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Biography

• Millionaires Are Migrating In Record Numbers

  Published 04 May 2019 | viewed 4,198 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 3,136 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 3,750 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 3,767 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 4,993 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 4,731 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 2,150 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 3,025 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 2,731 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 1,847 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 14,364 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 3,306 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…

• Millennials Love Luxury, They Just Don’t Want To Pay For It

  Published 07 October 2018 | viewed 5,710 times

  Millennials are all about mobility—and this is the generation that’s reshaping our ability to get from point A to point B in style, even if…

• Does Apple Still Have A 20% Upside?

  Published 03 October 2018 | viewed 1,901 times

  If you think this year has been good for Apple, try next year, says JPMorgan, which predicts the company will get 20-percent more valuable by…

• Tesla Stock Is Plunging. What Next?

  Published 29 September 2018 | viewed 2,086 times

  Tesla CEO Elon Musk made “false and misleading statements” in August tweets about taking the company private for $420 per share—and now the company’s worst…

• This Cannabis Giant Just Became Profitable

  Published 26 September 2018 | viewed 12,285 times

  While pot stocks are living the high life, soaring as major beverage companies look to get into the game as Canada prepares to officially legalize…

• Wall Street Has No Idea What Stocks Will Do At Midterms

  Published 24 September 2018 | viewed 1,795 times

  Speculators love to find patterns in the stars, and the latest mantra—at least for the stock market bulls—is that history claims to tells us that…

• Wall Street Salaries Soar After Another Solid Year

  Published 21 September 2018 | viewed 2,619 times

  Wall Street profits are up 11 percent more than last year, with pre-tax profits totaling $13.7 billion in the first half of 2018, while salaries…

• Morgan Stanley Turns Bullish On Gold

  Published 19 September 2018 | viewed 6,234 times

  Calls by big analysts to buy gold are pretty rare these days, so when the sixth largest bank in the U.S. comes out with a…

• Saudi Wealth Fund Pumps $1B Into Tesla Rival

  Published 18 September 2018 | viewed 2,602 times

  First Tesla. Now Lucid. Saudi Arabia’s Pension Investment Fund (PIF)—the Kingdom’s sovereign wealth fund—is gunning for electric vehicle glory, but it’s dipping its fingers in…