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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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January 2nd, 2015 by financetwitter
The year 2014 was a pathetic year for Hollywood, as far as moviegoers' attendance is concerned. Domestically, the number of Americans who attended theatres dropped by roughly 6% to 1.26 billion last year, the lowest in nearly 20-years. In terms of revenue, the overall box office tumbled 5.2%, collec [...]
January 2nd, 2015 by financetwitter
When you suddenly found out that you get cancer, what's your reaction? Probably cry of disbelief before seeks another specialists' opinion. You want to know why because you believe there's a reason - from genetic inheritance to food that you've eaten. Some may think it could be due to "karma", somet [...]
January 1st, 2015 by financetwitter
According to AAA National Average Prices, they are now US$2.257 a gallon for regular gasoline. The cheapest gasoline today in Oklahoma was reportedly selling at US$1.57 a gallon for regular gasoline. Remember when we wrote about Crude Oil WTI taking a short nap at US$55 a barrel before going south? [...]
December 31st, 2014 by financetwitter
As we're stepping into New Year 2015 tomorrow, holiday shoppers are still pampering themselves with new smartphones. As you could probably guess, Apple iPhone, was the most popular gift choice over Christmas week. Based on new device activations, Flurry Analytics concluded that Apple dominated the t [...]
December 31st, 2014 by financetwitter
Is Russian economic meltdown merely a domestic problem? Does it affect other countries as well? Obviously it does, judging by data from Dubai, a popular tourist destination for Russians. According to Dubai Airports, passenger traffic related to Russia plunged 18.2% from a year earlier in Novembe [...]
December 30th, 2014 by financetwitter
Pablo Picasso once said "good artists copy, great artists steal". The Spanish artist's famous quote was re-used by Steve Jobs in 1996, when the Apple Inc. supremo was frustrated with his company's intellectual property being stolen repetitively. In fact, Apple has sued a lot of companies for alleged [...]
December 29th, 2014 by financetwitter
Just when 30 million Malaysians were enjoying the Christmas and the coming New Year long holidays, disasters strike again. When you thought both MH370 and MH17 incidents were the worse that could happen in a year, it gets worst. With only days before we step into the new year, two more disasters hap [...]
December 24th, 2014 by financetwitter
Hawaii's US$38 million macadamia nut industry demand is suddenly skyrocketing from South Korea, thanks to a spoilt princess of Korean Air boss Cho Yang-Ho, the patriarch of business conglomerate Hanjin Group. Macadamia nut sales had increased 20-times from one week to the next earlier this month, af [...]
December 24th, 2014 by financetwitter
Tomorrow is the big day - the Christmas Day. Shopping and Christmas songs are everywhere. The holiday season will continue after Christmas - New Year, Chinese New Year and whatnot. However, if you care to stop playing with your smartphone and spare some minutes to think, it seems the Christmas songs [...]
December 23rd, 2014 by financetwitter
As we have promised, there would be more bitching and grumbling about global oil prices ever since Russia got itself deeper and deeper into an economic meltdown. Christmas will not be pretty and fun in Kremlin this year. Under Vladimir Putin's instruction, Russian central bank has been propping up l [...]
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