Rosenblatt analyst Steve Frankel reiterated a Buy rating on Imax Corp. with a price target of $25. Jurassic World Dominion raked $58.7 million in its second weekend, beating Lightyear to lead the domestic box office. To date, Dominion has earned $259 million. With a three-day opening of $51 million, Lightyear missed industry expectations of $70 million – $85 million….
Rosenblatt Re-rates Imax as Jurassic World Dominion Continues to Rule Charts
This Analyst Believes Negative Sentiment, Macro Headwinds as an Opportunity to Step in for Micron Technology and Western Digital
Mizuho analyst Vijay Rakesh slashed price targets on Micron Technology, Inc. to $95, from $113 (66 percent upside), and Western Digital Corp. to $68, from $72 (44 percent upside), and reiterated a Buy. He observed that memory industry update, sentiment, and pricing trends had softened considerably in the last month with weaker PC-handset trends, consumer demand concerns with DRAM softer…
Tourist Tax Proposed for Queensland, Australia
Tourists to Queensland could be taxed to visit the state’s attractions under a bold plan to generate more revenue for the sector. The Queensland Tourism Industry Reference Panel has just released a new Action Plan (pdf) aimed at reinvigorating the industry post-COVID and in the lead-up to the 2032 Olympic Games. Among the 75 recommendations,…
Hong Kong Press Freedom Worse Than 3rd World Countries; HKJA Chairman Chooses to Breathe Same Air as Hongkongers
June 23, 2022
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ChinaHK Current AffairsHong KongHong Kong Journalists AssociationHong Kong Press CensorshipRonson Chan Long-sing
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On June 25, 2022, Hong Kong Journalists Association will count the votes for the 2022-2023 Executive Committee election and the motion to amend the Constitution. No one would have ever thought the same chairman, who said “he would not actively seek to be reelected” would throw himself into the ring again if no nomination was…
UN Biodiversity Summit Moved From China Over COVID-19 Policy
BEIJING—A United Nations summit on biodiversity will be held in Canada instead of China, organizers announced Tuesday, the second major international event to be moved from China because of its strict anti-coronavirus policies. The U.N. secretariat for the Convention on Biological Diversity and China’s environment ministry said in separate statements that the meeting will be…
Musk Says His China Interests Won’t Affect His Free Speech Stance on Twitter
June 23, 2022
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Business & MarketsChinaChina Business & EconomyCompaniesFinance & Business TiesMedia & Big TechSpecial TopicsteslaTwitter
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Tesla chief executive Elon Musk on Tuesday said he has no problem balancing his planned acquisition of Twitter with his business dealings in China. When attending the Qatar Economic Forum via video link, Musk was asked if he could balance his stance on free speech in the Twitter bid and his Tesla’s interests in China…
Opinion: Terror Attacks on Hong Kong’s Protest Movement More Horrific Than Tangshan Restaurant
June 23, 2022
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2019 Yuen Long Attackanti-extraditionChinaChung Kim-wahHK Current AffairsHong KongOpiniontang shanUncategorized
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On June 10, 2022, a violent physical assault of four women took place in a restaurant in Tang Shan in Hubei Province, China. The four female victims are still fighting for their life. No one knows whether they are dead or alive. Sources in China told reporters that the police were covering up for the…
Senators Unveil Bipartisan Bill to Lower Cost of Insulin
Senators on Wednesday unveiled bipartisan legislation that would lower the costs of insulin amid skyrocketing prices for the diabetes medication. Of the 37 million people in the United States who have diabetes, about 8.4 million use insulin, according to the American Diabetes Association. Medical costs in the United States for people with diabetes are more than double…
Melbourne’s Metro Tunnel Project Runs Out Of Contingency Funds
Victorian taxpayers may have to bear additional costs for Melbourne’s Metro Tunnel as the project has mostly used up its risk contingency funds. A Victorian Auditor-General’s Office report stated that the project was expected to overspend on tunnels and stations by $364 million (US$252 million). It also found that the Victorian government had tried to…
Rand Paul to Introduce Amendments to Senate Gun Bill
Sen. Rand Paul (R-Ky.) will put forward amendments to a Senate gun bill hammered out between Republicans and Democrats over weeks of closed-door negotiations. The bill, coming in the wake of a school shooting in Uvalde, Texas that left 19 children and two adults dead, has received mixed reactions on Capitol Hill. Some provisions have…
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