Author: The Daily Coin

Saudi Aramco Abandons $40 Billion Bond Sale

Saudi Aramco has changed its mind about a bond sale of about US$40 billion that would have funded the bigger part of its planned acquisition of a majority stake in local petrochemicals giant Sabic. The Wall Street Journal reports that...

Turkish Opposition Leader Warns of War Over Cyprus’ Resources

Meral Aksener, leader of the Turkish nationalist iYi (Good) party, speaking in front of parliamentarians in Ankara on Wednesday, said that the dispute over rights to the eastern Mediterranean’s potential oil and gas reserves could lead to a war. The Turkish “she-wolf,” the nickname given to Meral Akşener during her...

At Least 9 Injured in Pakistan Mosque Blast – Reports

An improvised explosive device was hidden inside a cupboard, the GEO TV channel cited police as saying. Two injured are reported to be in critical condition. The city is located on the border with Afghanistan in the restive Baluchistan province and has seen several explosions this year....

Has Stock Market Risk Been Wrung Out Yet?

Via Dana Lyons’ Tumblr, 3 of our favorite indicators of risk continue to signal “risk off”. In analyzing risk in the market, we predominantly rely on quantitative models that we’ve developed over the years. However, there are other indicators that...

About Those Tax Cut Savings…

November 21, 2018  by SchiffGold  0   0 Your Trump tax cut isn’t going to be quite as big as you might have thought. According to a report by the Wall Street Journal, a new inflation measurement included in the GOP plan and recently...

SEC Crackdown On ICOs Leads To New Lawsuits

According to legal analytics firm Lex Machina, cryptocurrency related lawsuits are up over 300 percent this year, with over 45 legal cases opened in the first half of the year. The report highlights the ongoing crackdown from the SEC on...

Peter Schiff: The Confidence Bubble Has Popped

November 20, 2018  by SchiffGold  0   1 Yesterday was another bad Monday on Wall Street. The Dow Jones dropped nearly 400 points and the NASDAQ fell deeper into “correction territory,” dropping another 3%. All five “FAANG” stocks closed in bear territory. These are...