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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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September 21st, 2020 by financetwitter
In August, President Donald Trump issued twin executive orders that would shut down two Chinese apps - TikTok and WeChat - by September 20, if they were not sold to American owners. In fact, just five days ago (Wednesday), Trump told reporters that he was not ready to approve a proposal from China-b [...]
September 19th, 2020 by financetwitter
As proxy war gets ugly between two allies - PPBM and UMNO - in the Perikatan Nasional backdoor government led by lame duck Prime Minister Muhyiddin Yassin, more heavyweights from Peninsular Malaya (as Sabahans like to call the West Malaysia) are being flown to the Borneo state of Sabah. One of them [...]
September 19th, 2020 by financetwitter
For the time being, Donald Trump doesn't know what to do with TikTok's counter proposal of making Oracle its "business partner" or "trusted tech partner". As a trusted tech partner, Oracle will manage TikTok's U.S. user data. As a business partner, Oracle will own a minority stake that will be less [...]
September 17th, 2020 by financetwitter
The U.S. House of Representatives on Wednesday has released its final report after an 18-month investigation into Boeing 737 MAX deadly crashes - which killed 346 people in two accidents between 2018 and 2019. The 238-page report from the House Committee on Transportation and Infrastructure has basi [...]
September 16th, 2020 by financetwitter
Like his predecessor Najib Razak, backdoor Prime Minister Muhyiddin Yassin is a publicity seeker. The only difference is that while Mr. Najib prefers international publicity, the village champion Mr. Muhyiddin likes to do it domestically. That was why Najib golfed with Barack Obama, and paid lobbyis [...]
September 15th, 2020 by financetwitter
As Donald Trump's September 20 deadline approaches for China-based ByteDance to sell its hugely popular social video app TikTok to American companies, a decision has been made. ByteDance won't be selling its TikTok U.S. assets to Microsoft after all. Instead, it has chosen Oracle as its "business pa [...]
September 13th, 2020 by financetwitter
There's a reason why they said "there's no honour among thieves". But in the case of backdoor Perikatan Nasional (PN) government, a loose coalition led by backdoor Prime Minister Muhyiddin Yassin, the word honour does not exist at all in their dictionary. The only word the so-called "Malay-Muslim" p [...]
September 12th, 2020 by financetwitter
In currency trading, probably the simplest task is to open orders in the market. As there are no regulations on how much trade an individual can place, people often get carried away. They start depositing and use risky techniques that fail. To recoup their investment, traders are found to multiple t [...]
September 12th, 2020 by financetwitter
When the U.S. Commerce Department added Huawei Technologies Co to its "entity list" in May 2019, the Chinese tech giant retaliated about 3 months later by revealing its own operating system, called HarmonyOS. The blacklist has affected Huawei's overseas revenue, who was then the world's No. 2 smartp [...]
September 10th, 2020 by financetwitter
UMNO is a corrupt party. PAS is an extremist party. PPBM (Bersatu) is a racist and treacherous party. Combine all these three parties together and voila, you have a very powerful but corrupt, racist, extreme and untrustworthy coalition. Indeed, Perikatan Nasional coalition - comprises UMNO, PAS and [...]
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