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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 4th, 2019 by financetwitter
Back in 2015, President Xi Jinping said that China has no intention of militarizing man-made structures in the South China Sea near the Spratly Islands. He assured then-president Barack Obama that the reclaimed islands were not for military purpose. However, the Chinese continue enhancing and equipp [...]
July 4th, 2019 by financetwitter
Najib Razak should be the last person on the planet to be upset with a special motion, approved on July 1, compelling all MPs (Member of Parliaments), senators, their spouses, their children aged 21 years old and below, and trustees to declare their assets. Does not he want to combat corruption and [...]
July 2nd, 2019 by financetwitter
Does Donald Trump want to kill Huawei or not? After all, it was him who whined, moaned and bitched back in May that the Chinese company was a threat to the U.S. national security. As a result, the Chinese telecom giant was put on a trade blacklist - banning U.S. businesses from selling parts and com [...]
July 2nd, 2019 by financetwitter
Just when Saudi Arabia, the Custodian of the Two Holy Mosques, had had enough of a little bullshit called "Shariah-compliant lies" invented by PAS Islamist party, the Parti Islam Se-Malaysia has revealed another exciting invention. According to PAS deputy president Tuan Ibrahim Tuan Man, Islam does [...]
July 1st, 2019 by financetwitter
According to language translating website Babbel, Mandarin was the most widely spoken language in the world last year - spoke by 1.2 billion people worldwide. Interestingly, Spanish - not English - is the second-most spoken language, attracting about 400 million speakers. Despite being the "lingua [...]
June 30th, 2019 by financetwitter
What is so terrified about Latheefa Koya, the first woman chief of the Malaysian Anti-Corruption Commission (MACC), so much so that the supporters of UMNO had to attack the "uniform" she was wearing? The answer is simple - Latheefa is the latest badass in town who appears to be enjoying her job comb [...]
June 28th, 2019 by financetwitter
Sir Jonathan Ive, the legendary Apple Chief Design Officer (CDO), announced on Thursday (June 27) that he's leaving the company that he had worked for more than 20 years. The Apple designer, knighted at Buckingham Palace in 2012, was actually born in Chingford, north-east London. Thanks to him, the [...]
June 27th, 2019 by financetwitter
If the United States' economy is in bad shape due to its trade war with China, how come its stock market has been so bullish lately? The S&P 500 is about to pull off its best first half of a year in at least 10 years and the Dow Jones Industrial Average (DJIA) is enjoying its best June since [...]
June 26th, 2019 by financetwitter
Java-immigrant Ahmad Zahid Hamidi misfortunes continue with no end in sight. It's no wonder why the once powerful deputy prime minister was so eagerly getting back his seized passport to perform his "Umrah" in Saudi, despite the "mini Hajj" is non compulsory. He was so yearning that he fought to the [...]
June 25th, 2019 by financetwitter
US President Donald Trump signed an executive order on Monday that slaps Iran with new economic sanctions. Among those targeted is Iranian Supreme Leader Ayatollah Ali Khamenei. The latest move came on top of actions already taken by the administration in April to cut off all revenues from Irania [...]
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