Key Takeaways Renewed US-Iran tensions pushed Brent crude briefly above US$80 , reigniting concerns over global energy supplies. Despite geopolitical uncertainty, Wall Street avoided a sharp sell-off , suggesting investors believe the conflict remains manageable for now. Higher oil prices have revived expectations of a Federal Reserve rate hike , as markets worry about renewed inflation. Technology stocks remained relatively resilient , showing that AI continues to provide underlying support for equities. The next move in oil prices could determine whether market volatility returns. Market Insight When news broke that the US had launched fresh strikes on Iran , investors immediately rushed into the oil market. Brent crude briefly climbed above US$80 a barrel , as fears grew that escalating tensions could disrupt supplies through the Strait of Hormuz , one of the world's busiest energy shipping routes. Yet the reaction in equities was far more measured. Although the S...
I've read an interesting article on The Star not too long ago regarding what happens when you show-off with expensive things, but can't afford it and of course it makes sense that the consequences of showing off with expensive things which you cannot afford is debt; and in some of the more severe cases one might actually declared a bankrupt because of this. I am sharing the following article to raise awareness among the youngsters who are not having good sense of financial management ; but at the same time placing too much importance on appearing "rich" rather than really rich in net worth although the article applies to almost everyone. The article is as follows:- Placing too much importance on appearing rich can affect one’s net worth. One may want to delay self-gratification in order to build a strong financial foundation I ONCE asked someone who looked like a million dollars on the outside but was totally broke, this question:“Is your self-worth destroy...