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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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December 15th, 2020 by financetwitter
Aarustralia's A$14 billion coal industry is expected to be affected with an export ban to China and a terribly upset Prime Minister Scott Morrison said the decision by Beijing would be a "lose-lose" for the environment and trading relationship. Morrison argued - "It really is a lose-lose because coa [...]
December 14th, 2020 by financetwitter
On Friday, as expected, the U.S. FDA (Food and Drug Administration) approved the Covid-19 vaccine developed by Pfizer and German partner BioNTech. The authorization, however, was plagued with news that White House Chief-of-Staff, Mark Meadows, told the FDA commissioner Stephen Hahn to authorize Pfiz [...]
December 12th, 2020 by financetwitter
There appears to be blessings in disguise over the collapse of previous Pakatan Harapan government, despite the coalition being legitimately and democratically elected in the May 2018 General Election. It shows for the lust of power, a Malay leader with UMNO-DNA like Muhyiddin Yassin will not think [...]
December 10th, 2020 by financetwitter
Is vaccine developed by Pfizer and German partner BioNTech safe and effective as claimed? According to the U.S. FDA (Food and Drug Administration), their analysis found the vaccine to be 95% effective more than 7 days after the second dose. Between 2 to 7 days after the second dose, the efficacy is [...]
December 10th, 2020 by financetwitter
The days of the starving artist seem to be over. There are so many ways to make money with art lately that there is no reason to struggle financially when you have even just a little bit of artistic talent.
In fact, there are so many ways to make money as an artist that you can even mak [...]
December 9th, 2020 by financetwitter
When UMNO and DAP agreed to overthrow Perak Chief Minister Ahmad Faizal Azumu, it was done with the utmost secrecy, so much so that none of the top leaders in Bersatu or PAS knew about it. There's little doubt that the United Malays National Organisation (UMNO) had backstabbed its allies Malaysian U [...]
December 8th, 2020 by financetwitter
Meng Wanzhou, the chief financial officer of Huawei Technologies Co., may be able to return home to China from Canada soon. The daughter of Huawei founder Ren Zhengfei was arrested in December 2018 following an extradition warrant issued by the U.S. and has been charged with bank and wire fraud link [...]
December 7th, 2020 by financetwitter
Democratic Action Party (DAP) is again being grilled by its own supporters if it was wise to work with arch rival United Malays National Organization (UMNO) in the formation of a new state government in Perak. Exactly how could DAP even consider working with a political party as corrupt as UMNO? If [...]
December 4th, 2020 by financetwitter
UMNO thought by joining forces with PAS, it's a guarantee that the combo will win the next 15th General Election. So the best way to undermine them is to feed their own ego. PAS thought by siding with Bersatu (instead of ally UMNO), it's a guarantee that the Islamist party will continue to be part o [...]
December 3rd, 2020 by financetwitter
Britain became the first western country to authorize the use of Covid-19 vaccine developed by Pfizer-BioNTech. The approval granted by the U.K.’s Medicines and Healthcare products Regulatory Agency (MHRA) on December 1 was at lightning speed - just 3 weeks after Pfizer published the first data [...]
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