News Oil 

Mohamed El-Erian Is A Confident ‘Yes’ on Buying Saudi Aramco Shares

“The oil price, and its trajectory, will be crucial to the future of OPEC, Saudi Arabia and the Aramco IPO itself” writes Natasha Turak for cnbc.com. El-Erian, who was tapped by Aramco as an informal advisor in early 2018, added that “It wouldn’t matter at what price,” saying that he’d buy shares “at the IPO price.”. On Wednesday, 1.5% of the kingdom’s state oil company will begin trading on the Saudi stock exchange, the Tadawul, amounting to the largest public offering on record at $25.6 billion.Ahead of the listing, Aramco…

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News Stocks 

Big Tech Is Under Attack, and Investors Couldn’t Care Less

“Amazon shares lost roughly 34 percent of their value between September 2018 and Christmas” writes Matt Phillips for nytimes.com. Some investors dumped their shares late last year as the company’s juggernaut web services division experienced a temporary deceleration in sales growth. The Fed’s efforts buoyed shares broadly, helping to set off the best start for the S&P 500 since the late 1980s.Trump publicly accused Amazon of avoiding taxes and called The Post, which has aggressively covered the Trump administration, a lobbyist for the company. Source: nytimes.com

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News 

Property in Vineland sells for $350,000 | South Jersey real estate transactions

“Please be advised property listings are posted by mailing addresses, not municipality. -20 Twin Oaks Drive, Sherwood at Twin Oaks LLC to Harrie Boyd for $162,900. -7 Schooner Lande, NVR, Inc. doing business as Ryan Homesto Fetine N. Harti for $246,895. -7928 Battle Lane, Joann Hruza, executrix for the estate of Leslie and Marie Tice Hruza to Jessica Driver and Michael Nealis for $120,000. -80 Lebanon Road, Donna C. and Russell G. Nelson to Steven and Patricia Smith for $310,000. -300 Walnut Street, Katherine T. Carey to Yichye Adam Yichye…

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News 

The risk of cyberattacks rises as high-tech smart cities become the norm, and experts say ‘your weakest link is your people’

“Smart cities aiming to protect against cyberattacks will face another challenge, according to the panelists: money” writes Finanzen Net Gmbh for businessinsider.com. Three public and private sector leaders discussed the risks facing smart cities in a panel discussion at Business Insider’s IGNITION event in Washington, DC Tuesday morning.Enabled by advances in broadband internet, public and private sector players are working together to increase the number of “smart cities,” or urban centers with high-tech, internet-connected infrastructure. Source: businessinsider.com

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News 

Saudi Arabia’s government invested more than $2 billion in Aramco’s record-shattering IPO — even though the nation swore to become more economically diverse

“Aramco sold 3 billion shares at 32 Saudi riyals ($8.53) each, The Wall Street Journal first reported” writes Finanzen Net Gmbh for businessinsider.com. Public and private funds took 26.3% of the institutional offering, Bloomberg reported.That reliance on local funding sources contrasts with Aramco’s expressed desire to get more economically diverse. Source: businessinsider.com

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News 

Democrats and White House announce NAFTA rewrite, giving Trump a win as his impeachment scandal rages

“Trump made a pledge to scrap the North American Free Trade Agreement a center of his campaign in 2016, calling it the “worst trade deal ever made.”” writes Finanzen Net Gmbh for businessinsider.com. “It will be the best and most important trade deal ever made by the USA. Good for everybody – Farmers, Manufacturers, Energy, Unions – tremendous support.Congress on Tuesday reached an agreement with the White House on a rewrite of a 25-year-old trade pact with Mexico and Canada, offering President Donald Trump and moderate Democrats a legislative win…

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Crypto News Reviews 

Bitcoin News Digest Tuesday, December 10, 2019

Bitcoin. Blockchain. Enterprise. The North American Bitcoin Conference Returns Pioneering crypto conference announces high-power, enterprise-savvy lineup   Ashton Kutcher Throws Weight Behind Bitcoin Startup Lolli on Twitter Ashton Kutcher, a renowned actor known for his roles in media like “Two and a Half Men” and “Jobs,” recently took to Twitter to briefly laud a Bitcoin startup.   What The Charts Say About Bitcoin Before you get all defensive about how amazing Bitcoin is, and tell me how out of touch I am, hear me out. I do see the role…

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News 

…moments before backing president’s trade deal

“House speaker Nancy Pelosi has announced that Democrats have reached a deal on Donald Trump’s revised version of Nafta, just after her caucus introduced two articles of impeachment against the president” writes Clark Mindock for independent.co.uk. The deal would revise the 1990s free trade agreement between the countries, with slight tweaks that would especially impact the autos sector, copyright and the US dairy industry.But the timing of the deal shows that Ms Pelosi is also playing a shrewd political game, knowing that some of her most vulnerable members may be sticking their…

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