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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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April 2nd, 2018 by financetwitter
Malaysian Prime Minister Najib Razak commands a legion of close to 3.4-million Facebook "likes" and more than 4-million Twitter "followers". However, 51% of his Twitter followers are fake. Chances are millions of his Facebook "likes" are fake too. At US$10 for 1,000 likes, it would take only a small [...]
March 31st, 2018 by financetwitter
It appears that Vladimir Putin is playing the same game Kim Jong-un had played. That game is lobbing ICBM (intercontinental ballistic missile) as if it was hamburgers, to get the attention of the West, or to send a message. Unlike North Korea, however, there has been almost zero criticism from the w [...]
March 30th, 2018 by financetwitter
Companies like Facebook and Google have a different business model as compared to brick-and-mortar stores like Apple. Yet, they are all giant tech companies. Both Apple and Facebook command planeloads of customers. Apple sells gadgets to its legions of loyal customers, while Facebook sells its targe [...]
March 29th, 2018 by financetwitter
Eight years ago, Apple co-founder and CEO Steve Jobs warned and lectured the young Mark Zuckerberg on issues about privacy. "Privacy means people know what they're signing up for, in plain English and repeatedly," - Jobs said in 2010. If only the young Zuckerberg had listened to the wise man who saw [...]
March 28th, 2018 by financetwitter
After two days of speculations, China finally put to rest rumours on social media about the VVIP from North Korea visiting Beijing. There could only be one guy qualified to travel in a heavily armoured green train - Kim Jong Un. But by the time China announced on Wednesday that Kim had visited Beiji [...]
March 27th, 2018 by financetwitter
Taking a page from Donald Trump, Malaysian Prime Minister Najib Razak has tabled a bill in parliament on Monday outlawing “fake news”, a term popularized by the U.S. president. Under the Anti-Fake News 2018 bill, anyone who publishes so-called fake news could face fines of up to RM500,000 (US$12 [...]
March 26th, 2018 by financetwitter
As Facebook stock price continues taking the beating, thanks to Cambridge Analytica scandal, founder Mark Zuckerberg has been busily apologizing. It has gotten so bad that the world's largest social media network was reduced to running advertisements in British and U.S. newspapers - Observer, Washin [...]
March 25th, 2018 by financetwitter
After President Trump proudly signed an executive memorandum to slap tariffs on up to US$60 billion in Chinese imports on Thursday, the Dow Jones dropped 724 points. The U.S. DJIA plunged another 425 points on Friday after China strikes back with its own counter-tariff measures. It appeared the mark [...]
March 24th, 2018 by financetwitter
Zuckerberg has finally apologised after the Cambridge Analytica scandal erased tens of billions of dollars from his company’s market capitalization. But the defiant billionaire did so only after he was criticised for his failure to apologize in his initial admission in a Facebook post that he “m [...]
March 23rd, 2018 by financetwitter
President Donald Trump, as anticipated, signed an executive memorandum that would impose tariffs on up to US$60 billion in Chinese imports on Thursday. Unlike the earlier tariffs of 25% on steel imports and 10% on aluminium imports signed earlier this month, the latest tariffs are designed to spec [...]
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