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In a move widely anticipated by Wall Street, the Federal Reserve unanimously raised its benchmark interest rate by a quarter percentage point – with a possibility of one more increase in the cards before year-end. Effectively, the rate hike moves the central bank’s target range on the overnight
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For months, many investors had viewed the 4.5% yield on the benchmark 10-year note as an attractive point to step in and buy bonds. But as yields surged through that level, market participants adjusted their view and opinion. Analysts and economists then believed that the 10-year yield was headi
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On the day the United States remembered the terrorist attacks 25 years ago, Malaysia was almost hit by a huge explosion on September 11 – a sudden release of Najib Razak from jail. Currently in Kajang Prison, Najib was scheduled to complete his term only on Aug 23, 2028 after securing a part
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Brent, the international benchmark, jumped above US$99 a barrel on Tuesday (Sept 8) - the highest since July - after Iran-backed Houthi militants in Yemen conducted strikes on energy infrastructure in Saudi Arabia. The oil prices also jumped as a result of retaliation from the U.S. that d
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Don’t criticize UMNO-Malays as we need their votes in the next general election - Anwar Ibrahim told Anthony Loke Siew Fook, the secretary-general of Democratic Action Party (DAP) who gladly obliged after Anwar-led Pakatan Harapan (PH) coalition formed a unity government with UMNO-led Barisan Nas
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Donald Trump hails “historic” deal for the U.S. to control 65 billion barrels of Venezuela's oil, which critics slammed as a deal made at “gunpoint”. Of course, the U.S. has denied that the energy deal, which the U.S. president bragged as “the biggest oil deal in world history”, is an e
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Despite approval rating hitting 32%, Donald Trump’s worry isn’t about re-election or the Iran war. Instead, the U.S. president, whose second-term has seen the Dow Jones, S&P 500 and Nasdaq rallied 57%, 70%, and 142% respectively, is deeply worried about a stock market crash. After all, he h
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A day before former human resources minister M Saravanan was charged on Friday (August 28) with receiving bribes amounting to RM1.097 million to approve foreign worker quotas, he publicly trumpeted how he had written to Prime Minister Anwar Ibrahim on Wednesday about what he called the Malaysian An
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Everybody from teachers to retirees joined South Korea’s stock market frenzy, betting prices would rise forever. Samsung Elecronics share price was up by 320% in June 2026 – a staggering jump from October 2025. In the same period of nine months, SK Hynix jumped by 710%. KOSPI Composite Index sk
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Wall Street's massive data edge is evaporating. The elite technology that once required a multi-million-dollar quantitative setup, dedicated server rooms, and teams of PhD mathematicians is now sitting on consumer laptops. This isn't about magical market forecasting or finding a flawless crystal ba
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January 13th, 2021 by financetwitter
WhatsApp rival Telegram has breached 500 million active users. In announcing its new milestone, the company also proudly sent a message to its giant pool of users that in the past 72 hours alone, more than 25 million new users from around the world (38% came from Asia, 27% from Europe, 21% from Lati [...]
January 12th, 2021 by financetwitter
Malaysia's stocks and currency plunge on Tuesday after the King dramatically proclaimed an Emergency that will last until August 1, or until the current Covid-19 pandemic is brought under control. At 11am, the local Bursa Malaysia stock index plunged below 1,600 level, losing 25.34 points (1.6%) to [...]
January 11th, 2021 by financetwitter
As expected, the power-hungry and incompetent backdoor government of Perikatan Nasional had little choice but declared the second MCO (movement control order) lockdown for 14 days - effective from Jan 13 to 26, 2021. Unlike the first MCO (March 18-31, 2020), the second MCO involves only 5 states - P [...]
January 8th, 2021 by financetwitter
Donald Trump has finally conceded and for the first time, acknowledged that President-elect Joe Biden’s administration will be inaugurated on January 20, but not before creating a huge mess by inciting his supporters to storm and take over the U.S. Capital building. Even with 13 days left in his t [...]
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January 7th, 2021 by financetwitter
Less than a week into the New Year, Malaysia recorded another new record 2,593 Covid-19 cases on Wednesday (Jan 6). On the same day, the backdoor government of Muhyiddin Yassin also reported 4 new fatalities, bringing the national death toll to 513. Total cases reached a whopping 125,438 cases, wher [...]
January 6th, 2021 by financetwitter
From doctors and other first responders to grocery store clerks and delivery persons, a great number of sovereign citizens have put their safety on the line to help during the COVID-19 crisis. Vulnerable populations, such as the elderly, were told to stay home and depend on home delivery services fo [...]
January 6th, 2021 by financetwitter
Under the pretext of protecting national security, outgoing President Donald Trump has decided to make the U.S.-China relationship messier for President-elect Joe Biden by banning more Chinese apps. Mr Trump on Tuesday (Jan 5) signed an executive order banning transactions with eight more Chinese so [...]
January 5th, 2021 by financetwitter
When the United Malays National Organization (UMNO) happily agreed to join forces with Muhyiddin Yassin and his band of traitors - Azmin Ali and Hamzah Zainudin - to overthrow the democratically and legitimately elected government of Pakatan Harapan, it was a huge mistake. But UMNO president Ahmad Z [...]
January 3rd, 2021 by financetwitter
After almost 10 years and 3 administrations, the controversial HSR (high speed rail) project linking Kuala Lumpur (KL), the capital of Malaysia, and Singapore is officially cancelled. Both countries had on January 1, 2021 announced that the KL-Singapore HSR project was terminated after Malaysian Pr [...]
December 31st, 2020 by financetwitter
Tengku Razaleigh Hamzah, a great-uncle of the current Sultan of Kelantan, has a great proposition. He wanted to revive an ancient idea made by Dr Burhanuddin al-Helmy to create a "Malay nation" for everyone, irrespective of race and religion. Using Indonesia as an example, Razaleigh thinks Burhanudd [...]
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