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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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November 15th, 2014 by financetwitter
Thanks to United States, the global political and potentially military landscape would change. U.S. outsourcing (to China) business model has made China an economic powerhouse, which could outgrow U.S. itself, given a couple more years. And thanks to lame duck President Barack Obama, who has yet to [...]
November 14th, 2014 by financetwitter
November 11 is China Singles' Day or simply Bachelors' Day. This day is, of course, different from Bachelor Night where a party is held for a man shortly before he enters marriage. Since it's supposed to celebrate his "last night of freedom", normally the man would do "naughty stuffs" together with [...]
November 13th, 2014 by financetwitter
If there's one thing that can unite Malaysians regardless of race and religion, it has to be sport. Badminton is the only sport that put Malaysia on the world map. In fact, you can't think of anything else that would make Malaysians proud other than badminton. Certainly not corruption index, univers [...]
November 12th, 2014 by financetwitter
Five giant banks and US$3.3 billion - that's how many players and the amount of penalty the global regulators are slapping them. In a latest financial scandal - British, American and Swiss regulators have found HSBC, Royal Bank of Scotland (R.B.S.), JPMorgan Chase, Citigroup and UBS guilty of mani [...]
November 11th, 2014 by financetwitter
It all began in 2010 when 34-year-old Mr Lester Ong Boon Lin wanted to trade in the blue Aston Martin V8 Vantage that he had bought for S$550,000 for a new Bentley GT which costs about S$770,000. Mr Ong was supposed to top up the difference. In an agreement between Mr Ong and Exotic Motors, a Singap [...]
November 11th, 2014 by financetwitter
Forget about Google's search engine or driverless car projects. The company might have bigger secretive projects that could leapfrog mankind from the World Wide Web to the next quantum leap - space exploration and robotics. If "Terminator" robots take over the world soon, blame it on Google. Of cour [...]
November 10th, 2014 by financetwitter
Can you still remember being called "idiot or stupid" by your teacher(s) or friend(s) during school days? Worse still, your biological parents labelled you stupid simply because you weren't among the top students in your class. Of course, most of us accepted the fate as it was, and blamed it on gene [...]
November 8th, 2014 by financetwitter
Good news - women are now allowed to drive (*tongue-in-cheek*). Of course we're talking about the only country in the world that previously does not allow them to do so - Saudi Arabia. In a surprise move, King Abdullah of Saudi Arabia has recommended the country’s government lift the long-standin [...]
November 7th, 2014 by financetwitter
On a trip to Japan in the early 1980s, Steve Jobs asked Sony's chairman Akio Morita why everyone in the company's factories wore uniforms. He told Jobs that after the war, no one had any clothes, and companies like Sony had to give their workers something to wear each day. Over the years, the unifor [...]
November 6th, 2014 by financetwitter
President Barack Obama should have realized his Democrat party is toast the moment Kim Kardashian threw her support behind him. Kim who must have thought it would be a freaking good publicity stunt had posted a cartoon image of herself with President Obama. She was instead called a "moron" and "usel [...]
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