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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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March 14th, 2016 by financetwitter
When Donald Trump announced his candidacy last year, there were only a handful of people who gave him any chance of survival. But we think the Americans should vote the clown anyway as the next President of the United States. Why can't the Apprentice hero be given a chance after they had given a los [...]
March 13th, 2016 by financetwitter
There's nothing much to elaborate here. The title of this article is self-explanatory. The Wall Street Journal's latest bombshell is to tell all and sundry two things. First, someone from the Bank Negara Malaysia (Malaysia Central Bank) is super pissed that a "wolf" is about to be appointed as the m [...]
March 12th, 2016 by financetwitter
For a couple of years Russia has been warning Finland and Sweden from joining NATO. Moscow's message to them was simple - join NATO and the Russian will attack. Why? Prior to the Soviet Union's collapse, Moscow agreed to dismantle the Warsaw Pact (a pact similar to NATO) and destroy the Berlin Wall [...]
March 10th, 2016 by financetwitter
If social media creativity is an indicator, Malaysia should have had many Steve Jobs or at least some international brands such as Samsung, if not better. Government's policy of racism, discrimination and systematic degradation of national education system, however, has produced a society with poor [...]
March 9th, 2016 by financetwitter
When Apple Pay was introduced back in Oct 2014, many were sceptical. Today, 16-month later, the scepticism remains. However, ExxonMobil may be able to change that with its newly launched service - pay for your fuel at any of its 6,000 gas stations using Apple Pay - starting today. Well, actually, yo [...]
March 8th, 2016 by financetwitter
Politics and business make lousy bedfellows as do politics and sports as well as politics and family matters. But in a cowboy town like Malaysia where everything is mixed like "Rojak", it doesn't really matter. The family of Razak has done it, again, after the senior Prime Minister Najib Razak shock [...]
March 7th, 2016 by financetwitter
Do scammers have a better success rate targeting illiterate or old people? That's the public perception due to wide coverage on such group of people being scammed, again and again. But if this 53-year-old man was really a legitimate businessman as what he claims to be, then this is one heck of a sca [...]
March 6th, 2016 by financetwitter
Just like a salesman desperately wanted to meet his quarterly sales quota, or else risk being axed, the same can be said about Prime Minister Najib Razak. While the salesman needs P.O. (purchase order) from customers to justify his existence, Najib needs document from Saudi royal family to justify t [...]
March 4th, 2016 by financetwitter
America is a great country because it was supposed to be a free country. As confusing as it may sound, public perception of people in the Middle East is that they hate America, and the West. But at the same time, they admire and aspire to the essence of Western life - freedom of expression, freedom [...]
March 3rd, 2016 by financetwitter
During its peak, the Daesh (ISIL, ISIS, Islamic State) was the world's wealthiest terror group. When it captured the city of Mosul, the group was flushed with 500 billion dinars (US$452 million; £320 million; RM1.86 billion) kept in the Iraqi city's central bank. They were also reportedly made off [...]
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