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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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February 1st, 2024 by financetwitter
After pro-UMNO local daily Utusan Malaysiaretracted and apologized over its fake news that the Pardons Board had granted Najib a royal pardon, the former prime minister's desire to get an early release from prison was smashed to pieces. The issue was so toxic that not even the then-King Sultan Abdul [...]
January 30th, 2024 by financetwitter
Exactly why should former Prime Minister Najib Razak be given a royal pardon after serving less than 2 years (17 months to be precise) out of 12 years jail term? If you ask his loyalists to give one reason - just one compelling reason - why the crook should be allowed to walk away free, they could o [...]
January 26th, 2024 by financetwitter
Get ready for more whining, moaning and bitching from former Prime Minister Mahathir Mohamad. The Malaysia's longest serving premier, once the most powerful man, is set to go ballistic again after another son - Mokhzani - has been summoned by the MACC (Malaysian Anti-Corruption Commission). After Mi [...]
January 23rd, 2024 by financetwitter
Barking like a mad dog, Malaysia's fourth and seventh prime minister - Mahathir Mohamad - has challenged protégé-turned-nemesis-turned-ally-turned-nemesis Prime Minister Anwar Ibrahim to call for a snap election. Just when people thought he might be able to pull a rabbit out of the hat, his so-cal [...]
January 19th, 2024 by financetwitter
Elon Musk has decided to do what he does best every time the demand for Tesla electric cars plunge - cut prices. With competition heating up over the past year, especially against BYD, a Chinese carmaker which is backed by legendary investor Warren Buffet, Tesla welcomes the New Year 2024 with more [...]
January 17th, 2024 by financetwitter
Mahathir Mohamad has run out of bullet to save his mega-rich children, whose dubious fortune were made during the former prime minister's 22 years of dictatorship (1981-2003). In fact, the 98-year-old corrupt man could no longer pull a rabbit out of his hat. He is done, finished, game over. He's liv [...]
January 15th, 2024 by financetwitter
As fast-food industry continues to see a surge in child labour violations across the United States, such as McDonald's and Chick-fil-A, the poor become poorer while the rich become incredibly richer. The latest Oxfam report says the planet's five wealthiest persons have seen their fortune more than [...]
January 13th, 2024 by financetwitter
Netflix did not need to lift a finger to promote its latest documentary - "Man on the Run" - which was based on the true story of the infamous 1MDB scandal. Former Prime Minister Najib Razak, currently serving jail sentence linked to the world's biggest scandal, has done an excellent job promoting i [...]
January 10th, 2024 by financetwitter
King Sultan Abdullah has spoken, and he specifically told Prime Minister Anwar Ibrahim during a pre-cabinet meeting on Tuesday (Jan 9) that the Palace would not get involved in any political manoeuvre. Basically, the monarch was saying that he is busy packing his stuff before moving back to Pahang a [...]
January 8th, 2024 by financetwitter
An order to ground Boeing Max 9 aircrafts was issued by the FAA (Federal Aviation Administration) on Saturday (Jan 6, 2024) to facilitate inspections. The emergency airworthiness directive came just a day after an emergency door "plug" was blown away on the Alaska Airlines Flight 1282, forcing it to [...]
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