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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 20th, 2017 by financetwitter
South Korean President Moon Jae-in made his 4-day state visit to China on December 13th. Unlike U.S. President Donald Trump, Beijing didn’t give him a “state visit-plus” reception. However, Mr. Moon believes it was a successful trip, or at least he wanted the South Korea people to believe it [...]
December 19th, 2017 by financetwitter
There's good news and bad news for Russia and China. First, the bad news - U.S. President Donald Trump has declared both Russians and Chinese enemy of the state. Now, the good news - despite calling both communist nations "rival powers", Trump said the U.S. will continue to partner with them. Confus [...]
December 18th, 2017 by financetwitter
He was already a proud owner of a super-yacht costing US$550 million before being exposed as the lucky guy who splashed a whopping US$450.3 million on Leonardo da Vinci's "Salvator Mundi". It was rather strange for a Muslim spending a fortune on a painting depicting Jesus Christ as a Renaissance man [...]
December 15th, 2017 by financetwitter
Everyone knows the United States is becoming the biggest threat to OPEC - producing more and more oil every day. In fact, as U.S. cargoes show up more regularly in Asia, America has been quietly eating up Middle East crudes' share market. And there's nothing the OPEC could do as they have agreed to [...]
December 14th, 2017 by financetwitter
When was the last time you spent money on Subway? If you can't remember, you're not alone. Subway's menu is so boring that only losers would step into the restaurant. Even if you think the food isn't that bad, you might have second thought about their fake proclamation of "healthy food". And now Sub [...]
December 13th, 2017 by financetwitter
Israel is in deep trouble (*grin*) after U.S. President Donald Trump, against all odds, declared the recognition of Jerusalem as the capital of Jewish nation. Hidden quietly within Southeast Asia is a Muslim-majority nation so powerful that it had lectured, mocked and even threatened rogue nation No [...]
December 13th, 2017 by financetwitter
In a sign of more trouble ahead, Saudi Arabia has secretly drafted a plan to further remove subsidies as the kingdom tries to offset the impact of its struggling economy - thanks to low crude oil prices. In spite of oil price rally recently, the latest due to a 450,000-bpd pipeline shut down in the [...]
December 10th, 2017 by financetwitter
Before June 4, 1967, Jews were forbidden from praying at the Western Wall, Judaism’s holiest site. Jews could not live in the Jewish Quarter of Jerusalem, where their ancestors had built homes for thousands of years. Jews were forbidden to attend classes at the Hebrew University at Mt. Scopus. He [...]
December 8th, 2017 by financetwitter
From where did he get the extraordinary amount of money to buy the world's most expensive painting? For a while, the world was left in astonishment after Leonardo da Vinci's "Salvator Mundi" - dating back to 1500 - was sold to a mysterious buyer who splashed a whopping US$450.3 million. People thoug [...]
December 7th, 2017 by financetwitter
Malaysian celebrities are one of the lamest when comes to speaking up against the government of the day. It's extremely rare they bite the hand that feeds them. That's because the government could easily cripple their rice bowl by instructing the relevant agencies to boycott them. Without appearance [...]
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