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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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September 1st, 2014 by financetwitter
Malaysians celebrate their Independence Day every year on August 31. In case you didn't realize, it was also the same day that Diana, Princess of Wales, died exactly 17 years ago in 1997. Besides her jewellery and cash, one of the greatest gifts that she had left for her sons is perhaps her 25-feet [...]
August 30th, 2014 by financetwitter
Donna Tithecott, 54, from Lifton, West Devon, received £55,000 (US$91,300; RM287,820) over nine years from generous British Government in benefits. The free money was paid to her as part of housing and council tax benefits, income support and employment and support allowance. At first glance, this [...]
August 29th, 2014 by financetwitter
After Malaysia Airlines lost two Boeing-777 via MH370 and MH17 in less than six months, the impact on the aviation industry was tremendous. The lost of lives are not limited only to the passengers, but also the crew on board the planes. Regardless whether the plane was missing due to unknown reasons [...]
August 28th, 2014 by financetwitter
China has a new super rich man - Jack Ma - the 49-year-old founder and chairman of Alibaba Group Holding Ltd. Based on Bloomberg latest compilation, Jack has a net worth of a staggering $21.8 billion (£13 billion; RM68.6 billion), making him the richest man in China instantly, dwarfing his nearest [...]
August 27th, 2014 by financetwitter
Six months ago, we published an article about "Kajang Move" (read here). We don't like the name "Kajang Move" but prefer to call it "Operation Kajang" instead, simply because it would sound more dramatic, just like Hollywood "action" movies with tons of explosives and fireworks. If you had read the [...]
August 27th, 2014 by financetwitter
Apple sold 13.2 million iPads in Q3 2014 but that number is down from the 16.3 million sold Q2 2014, and the 14.6 million sold in Q3 2013. The tablet sales are "crashing", and analysts have declared the good time for tablet is coming to an end. This could be the strongest reason why Tim Cook partn [...]
August 26th, 2014 by financetwitter
Everybody is superbly happy with the news that Burger King will marry Tim Hortons, and move in to Canada. Shares of Burger King (NYSE: stock) jumped 19.51% to $32.40 while Tim Hortons (NYSE: stock) rose by 18.91% to $74.72 after the closing bell on Monday. The only people who were upset with the mer [...]
August 25th, 2014 by financetwitter
There're tons of books that you can buy and read about stock market and share investments. If you're literally a bookworm who can digest thousands of pages of those financial, economy and investing books, go ahead. But for those lazy dummies who like to get some basic fundamental knowledge about sto [...]
August 24th, 2014 by financetwitter
Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976, to develop and sell personal computers. It was then incorporated as Apple Computer, Inc. on January 3, 1977; subsequently renamed as Apple Inc. on January 9, 2007. As of today, the company has a market capita [...]
August 24th, 2014 by financetwitter
Gregory Sancoff is a self-made millionaire and the CEO of Juliet Marine Systems, a company he founded in 2004. Interestingly, he was a former medical devices expert but a terrorist attack on the USS Cole in 2000 during which 17 sailors were killed changed his life. Wanted to do something to help t [...]
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