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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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October 13th, 2014 by financetwitter
Sweden, also known as the Kingdom of Sweden, is the third largest country in the European Union. But the country which borders Norway and Finland has a total population of merely 9.7 million. People may not know or heard of Sweden, but they definitely know IKEA, the world's largest furniture retaile [...]
October 13th, 2014 by financetwitter
On Saturday, October 11th, Edward Snowden, the N.S.A. whistle-blower, spoke via live video with the New Yorker staff writer Jane Mayer. In the interview, the former N.S.A., C.I.A., and D.I.A. employee was asked some questions of what the public (that's you and me) can do to protect our privacy, n [...]
October 12th, 2014 by financetwitter
What do you do when you want a raise? Some of companies' appraisals are around the corner, now that it's the end of the year. Some of you may start doing that thing which you've been doing every year - pretending to be hard at work hoping your boss notices it and would give you a better salary incre [...]
October 10th, 2014 by financetwitter
Malaysia's security has gone a little bonkers recently. The craziness has move up a few notches with a pre-dawn grenade explosion yesterday, leaving one car jockey dead and 13 injured. As expected, the country's police - the best on planet Earth - concluded there and then that the bombing was due to [...]
October 9th, 2014 by financetwitter
There were two huge mistakes C.Y. Leung did in suppressing Hong Kong protesters recently. First, the Hong Kong CEO unleashed a brutal crackdown using pepper spray and tear gas, something rarely used on peaceful protesters. Second, he used triad gangs to launch sexual assault, harassment and intimida [...]
October 8th, 2014 by financetwitter
Remember Apple's latest promise to protect your personal data stored in iPhone or iPad to prevent any other third parties except the owner (that's you, dude) from accessing them, as long as the devices are running iOS 8? Well, Apple fanatics rejoiced when the company announced that the new privacy p [...]
October 8th, 2014 by financetwitter
After the recent exposure and publicity about rich kids' life, deliberately published on Instagram to show off their wealth, the trends have been gaining momentum. If the "Rich Kids of Instagram”, “Rich Kids of Beverly Hills” or “Rich Kids of New York" didn't raise your eyebrows, how about e [...]
October 7th, 2014 by financetwitter
Everyone likes to get more with less, including flying in style with luxury. But how many of us can actually afford to pay thousands or tens of thousands to be, or at least to be seen as the elite travelling on business class? There're many great stories about average Joes and Janes who got upgraded [...]
October 7th, 2014 by financetwitter
Hilton Worldwide Holdings has just sold the famous Waldorf Astoria hotel in New York for a whopping US$1.95 billion (£1.2 billion; RM6.3 billion) to China-based Anbang Insurance Group. That's a new record in the American hotel industry, if not for the world. Prior to the sale, the most expensive s [...]
October 6th, 2014 by financetwitter
Chow Tai Fook Jewellery Group Ltd is both Hong Kong and world's biggest listed jewelry chain, with a market capitalization of a whopping US$15.78 billion (as of May 2014). The jewellery retailer is owned by Cheng Yu Tung, Hong Kong's fifth richest person with a net worth of US$15.5 billion. The empi [...]
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