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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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July 3rd, 2020 by financetwitter
Pro-government news media celebrate a picture of Prime Minister Muhyiddin Yassin flanked by leaders of Perikatan Nasional government. The group of 14 leaders basically signalled that the backdoor prime minister has the numbers, screamed the headline. Did the bootlicker newspaper just admit that befo [...]
July 3rd, 2020 by financetwitter
John Bolton's memoir has sold more than 780,000 copies in all formats in its first week on sale in the U.S. As the 27th United States National Security Advisor from 2018 to 2019 who became one of the fiercest critics of President Trump, it's not hard to see why his book - "The Room Where It Happened [...]
July 2nd, 2020 by financetwitter
Nur Jazlan, the great UMNO pretender who quickly relinquished his position as the Public Accounts Committee (PAC) chairman probing 1MDB scandal upon given Deputy Home Minister post in 2015 by former Prime Minister Najib Razak, has just spoken what is in the mind of majority of UMNO warlords - Bersat [...]
July 1st, 2020 by financetwitter
Four years ago, the Reuters / Ipsos gave Hillary Clinton a 90% chance of defeating Donald Trump. According to the numbers, Clinton was on track to win 303 Electoral College votes out of the 270 needed, to Trump’s 235. Even bookmaker Betfair reported US$140 million worth of bets were placed – [...]
June 30th, 2020 by financetwitter
Any financial advisor worth their salt will emphasize the importance of having an emergency fund. However, only 23% of Americans actually have one.
More Americans would probably have an emergency fund if they were aware of the benefits. You should understand why an emergency fund is important and [...]
June 29th, 2020 by financetwitter
Lim Kit Siang has stopped singing "Malaysian Malaysia" since the Pakatan Harapan (PH) government was toppled by Muhyiddin Yassin and Azmin Ali. Once an idealist, the "Sheraton coup" finally woke him up to the dirty reality of UMNO-Malay politics. Muhyiddin has shown that for lust of power, there's n [...]
June 29th, 2020 by financetwitter
Stocks drop 730 points on Friday, and the Dow Jones has every reason to be spooked. There were 45,255 new Covid-19 cases reported across the nation on Friday, bringing the total to more than 2.5 million cases, according to Johns Hopkins University data. Compared to the previous week, the average new [...]
June 27th, 2020 by financetwitter
Investments work as an excellent option to save up money and also make it when you want to prepare for your retirement. However, some people worry about investing since they think that they may lose money in the long run and that could hurt their retirement. However, you can look into using gold to [...]
June 26th, 2020 by financetwitter
At least three fireworks are to be unleashed in the month of July. The first fireworks will see the High Court delivers its verdict on July 28 over 7 charges against Najib Razak for plundering RM42 million of SRC International Bhd money. The former prime minister, who is holding a lame duck Prime Mi [...]
June 25th, 2020 by financetwitter
The IMF said on Wednesday that the global economy is worse than it had projected earlier. Hence, the International Monetary Fund slashed the world economic growth - again. Since early this year, it has given out gloomy news. It was only in January that the IMF had forecasted a global GDP (gross dom [...]
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