Oil breaks US$100, Wall Street retreats and bond yields rise, inflation is becoming the market’s biggest risk again Global markets are starting Thursday in a more defensive position. Brent crude has broken above US$100 a barrel , U.S. Treasury yields are pushing higher, and Wall Street fell for a third straight session as investors reassess whether central banks may need to keep tightening rather than easing. For Malaysian investors, the key chain today is increasingly clear: Oil → inflation → interest rates → bond yields → USD/MYR → Bursa valuations. 30-second market snapshot Market / Asset Latest 🇺🇸 S&P 500 7,636.36, -0.48% 🇺🇸 Dow Jones 52,380.66, -0.77% 🇺🇸 Nasdaq 26,253.34, -0.64% 🇲🇾 FBM KLCI 1,714.34, virtually flat 💵 USD/MYR ~4.06 🇺🇸 U.S. 10Y Treasury ~4.84% 🇺🇸 U.S. 2Y Treasury ~4.42% 🥇 Gold ~US$4,396/oz 🛢️ Brent crude US$101.21/bbl 🛢️ WTI crude US$96.05/bbl ₿ Bitcoin ~US$79,300 🇯🇵 Nikkei ~64,760, -0.6% this morning Brent jumped about 3.4% Wednesda...
The US Justice Department is considering recommending the breakup of Google to address its monopoly in the online search market, which could lead to a historic antitrust case. In a court filing on Tuesday, antitrust enforcers suggested that Judge Amit Mehta could force Google to sell off parts of its operations or provide access to the data it uses for its search and artificial intelligence products.
The proposed remedies would prevent Google from using its products, such as Chrome, Play, and Android, to favor its own search engine over competitors. This marks Washington's most significant attempt to dismantle a company for monopolization since the failed efforts to break up Microsoft Corp. two decades ago.
The Justice Department claims that Google benefited from illegal distribution agreements that made its search engine the default option on smartphones and browsers. The case is set to move to the remedy phase next spring, with a final decision expected by August 2025. Google plans to appeal the ruling but must wait until the remedy is finalized.
Additionally, a separate ruling earlier this week forced Google to open up its app store for three years to resolve a different antitrust case related to its dominance in app distribution on Android smartphones. Google also intends to appeal that decision.
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