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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 2nd, 2011 by financetwitter
There would be numerous new car models to be released next year especially for Honda and Toyota fans. The year 2012 would be an exciting year for car buyers looking to show off their new automobile. Heck, in fact, as we speak, there would be new model coming earlier than 2012 - Honda is set to launc [...]
October 24th, 2011 by financetwitter
When Pharaoh Hosni Mubarak was overthrown from his kingdom after 30-years of iron-fist rule, his fortune was estimated at somewhere between US$40 billion and US$70 billion. In terms of earnings (corruption) per year, that was more than US$1 billion to US$2 billion, perhaps the most profitable job on [...]
October 22nd, 2011 by financetwitter
Colonel Gaddafi (Qaddafi) didn't die peacefully, as with other dictators. The once poweful and billionaire dictator is now dead but unlike Hitler who put a bullet into his head, Gaddafi begged for his life after being dragged from a drain. Apparently, Gaddafi tried to flee in a convoy from Surt, his [...]
October 13th, 2011 by financetwitter
Apple's much awaited iOS 5 is finally here and the passing away of Steve Jobs is still being felt especially when you think about the iCloud thingy (Steve is up there somewhere in the clouds). This is a major iOS upgrade since Steve's passing so naturally iPhone, iPod touch and iPad users scrambled [...]
October 11th, 2011 by financetwitter
MCA, one of the three major component political parties of the ruling coalition in Malaysia, is dying. The party, led by President Chua Soi Lek, had been trying thousands of methods to win the hearts of the young voters but in vain, had resorted to the extreme measure not tried before - showcasing s [...]
October 7th, 2011 by financetwitter
The world remembers and mourns Steve Jobs, in a huge waves, and it would probably hit some smashing records with leaders around the world expressed their condolences and gratitude over Facebook, Twitter and media. It was simply mind-boggling judging by the massive outpouring of tributes. Traffic was [...]
October 6th, 2011 by financetwitter
Slightly more than a month ago when Steve Jobs resigned as Apple CEO, I wrote an article (read here) speculating, guessing, or whatever you wish to call it, that the legendary Steve Jobs could be dying. This evening, Apple Inc. founder and former CEO, Steve Jobs, 56, has passed away. Steve Jobs' fam [...]
October 5th, 2011 by financetwitter
Apple Inc.'s stock tumbled by more than 5%, before staging a late recovery - that's how disappointed investors were when it was revealed that there won't be any iPhone 5 at all, at least not this year. It had been 16 months since the previous iPhone hit the market hence the extremely high expectatio [...]
September 28th, 2011 by financetwitter
General election is around the corner and the last thing you want to do is to do, act or speak something stupid as it would affect how the votes are going to swing, the same way how the Dow Jones are swinging wildly now. Recently I wrote an article titled "History Doesn’t Repeat Itself, Stupid Peo [...]
September 27th, 2011 by financetwitter
According to U.S. Treasury, major foreign holders of treasury securities amounted to a mind-boggling $4,478,000,000,000 (that's about $4.5 trillion), as of July 2011, compared to $4.125 trillion registered a year ago in Jul 2010. Going by the rate the country is borrowing, the debts can only go one [...]
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