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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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June 6th, 2007 by financetwitter
What else can I say about Guess? Inc. (NYSE: GES, stock) besides it really rocks. Guess Inc. reported its first-quarter profit which soared 72 percent on a jump in sales at its European and wholesale divisions. The chain's European and wholesale operations each registered a revenue increase of 77 pe [...]
June 5th, 2007 by financetwitter
The economy is set to grow at a sluggish pace in coming months but there are risks that elevated levels of inflation excluding food and energy may not recede, Federal Reserve Chairman Ben Bernanke said on Tuesday.“Bernanke said in remarks prepared for delivery to a monetary policy conference in Ca [...]
June 5th, 2007 by financetwitter
At last, China stock markets show some signs of healthy correction (or does it?) when the stocks tumbled on Monday registering one of the biggest sell-offs in years after the government’s move last week to impose a higher tax on stock trades. Since China government announced last Wednesday that it [...]
June 4th, 2007 by financetwitter
Guess?, Inc. (NYSE: GES, stock) has confirmed to announce its’ earning tomorrow, Tuesday June-5,2007, after market close. Guess? designs, markets, distributes and licenses a lifestyle collection of casual apparel and accessories for men, women and children. Its apparel is marketed under trademarks [...]
June 4th, 2007 by financetwitter
The debate of whether the bubble will burst especially in China is heating up. Even though U.S. is still the economic super-power mainly due to its’ ability to import and absorb trillions of products and services overseas, China is believed to be the country which could spark the fire which might [...]
June 3rd, 2007 by financetwitter
For a very long time, Yahoo Inc.’s (Nasdaq: YHOO, stock) revenue which depends heavily on online advertising has been more on stagnant mode, thanks to Google's (Nasdaq: GOOG, stock) sudden assault via its Adsense secret weapon. Yahoo’s YPN, the equivalent to Adsense could only looks in dismay an [...]
June 1st, 2007 by financetwitter
Bloomberg reported that and audit on Southern Bank reveals an overstated in 2005 assets by RM160 million (US$47 million) when the Chinese-based bank was forced to be sold to Bumiputra-Commerce Holdings Berhad (KLSE: COMMERZ, stock-code 1023). PricewaterhouseCoopers discovered “inappropriate accoun [...]
June 1st, 2007 by financetwitter
Finally Malaysia premier Abdullah Badawi admitted Germany's Volkswagen (FRA: VOW) wasn’t interested in Proton after France's PSA Peugeot-Citroen (EPA: UG) asked the Malaysia’s loss-making to fly-kite earlier on. The state-run automaker yesterday reported a loss of 591.4 million ringgit ($174 mil [...]
June 1st, 2007 by financetwitter
StockTube is bringing you yet another feature to this blog known as PodCasting. Now, just what the heck is Podcasting that seems to be the craze circling in the blogosphere? Podcasting is a relatively new way for information to travel from one place to another.Podcasting according to Wikipedia.com i [...]
May 31st, 2007 by financetwitter
If you have position in Google Inc. (Nasdaq: GOOG, stock) especially if you long on this stock, you should feel the excitement as me today. The stock broke the $ 500 per share resistance again with colorful trend. And as usual I took profit and run before it comes down again because the $500 level i [...]
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