Micron Technology beat estimates for third-quarter results on Wednesday, powered by demand for its memory chips from the rapidly-growing artificial intelligence sector and an easing supply glut in its traditional PC and smartphone markets. Shares of the company rose more than 2 percent in trading after the bell. They have gained 34 percent this year…
Chipmaker Micron Beats on Demand From Booming AI, Easing Glut
June 29, 2023
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Chipmaker Micron Beats Demand Estimates
June 29, 2023
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Micron Technology beat estimates for third-quarter results on Wednesday, powered by demand for its memory chips from the rapidly-growing artificial intelligence sector and an easing supply glut in its traditional PC and smartphone markets. Shares of the company rose more than 2 percent in trading after the bell. They have gained 34 percent this year…
China’s Top Anti-Graft Body Targets Its Own Officials for Alleged Corruption
China’s top anti-graft body recently announced that three of its own high-ranking officials are placed under investigation for “violations of disciplines and law.” The Chinese Communist Party’s (CCP) Central Commission for Discipline Inspection (CCDI) ensures that officials toe the Party line, stay loyal to the top Party leadership, and abide by the Party’s rules. However,…
US Social Media ‘Influencers’ Under Fire Over Free Trip to Fast-Fashion Giant Shein’s China Factory
A group of American fashion influencers has come under fire for attending a fully paid trip to tour one of fast-fashion giant Shein’s factories based in Guangzhou, China. The influencers—Dani Carbonari, Destene Sudduth, Aujené, Fernanda Stephany Campuzano, Kenya Freeman, and Marina Saavedra—were flown out to China as part of a tour sponsored by Shein in June,…
Is Recession Timing Still Unpredictable?
Commentary Debate continues as to whether recession still lies ahead. The yield curve has pointed to an 80 percent chance of recession. But, when comparing today’s situation with the comparable U.S. real GDP contraction in 2008, its timing forecast has low accuracy. As the original literature documented, the yield curve only predicts a yes-no outcome…
[PREMIERING NOW] Simon Lee: How Hong Kong Protest Anthem Was Censored on US Platforms; What’s Left of Hong Kong’s Freedoms? [ATL:NOW]
June 29, 2023
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In this episode of “ATL:NOW,” I sit down with Simon Lee, an economics writer and a former executive of Hong Kong’s Apple Daily newspaper, to discuss the Hong Kong government’s attempts to get the iconic Hong Kong protest song “Glory to Hong Kong” removed from various platforms like Google, YouTube, and Apple. What is left…
Simon Lee: How Hong Kong Protest Anthem Was Censored on US Platforms; What’s Left of Hong Kong’s Freedoms? [ATL:NOW]
June 29, 2023
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American Thought LeadersApple DailyATL:NOWChinaChina NewsChinese RegimeEpochTVFinancial Market & Real EstateFreedom in Hong KongHong KongLive Videossimon leeVideo
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In this episode of “ATL:NOW,” I sit down with Simon Lee, an economics writer and a former executive of Hong Kong’s Apple Daily newspaper, to discuss the Hong Kong government’s attempts to get the iconic Hong Kong protest song “Glory to Hong Kong” removed from various platforms like Google, YouTube, and Apple. What is left…
CCP Prepares to Further Tighten Ideological Controls Through ‘Patriotic Education Law’
June 29, 2023
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China’s communist regime drafted a “patriotic education law” during its rubber-stamp National People’s Congress to maintain “national unity”. A spokesperson for the Legislative Affairs Committee of the National People’s Congress said on June 25 a draft of a patriotic education law would be reviewed June 26-27. The spokesperson said the move aimed to promote and…
Baidu Claims Its Bot Beats ChatGPT in Key Metrics
China is ramping up its tech war with the United States. A Chinese company claims its product can outsmart ChatGPT. Where do the two superpowers stand in the battle for tech dominance? And how did American companies actually help Beijing’s rise? Topics in this episode: Baidu Claims Its Bot Beats ChatGPT in Key Metrics Chinese…
Foreign Minister Briefed on ‘Very Negative’ Media Coverage of Government’s Handling of Foreign Interference
A briefing note to Foreign Affairs Minister Mélanie Joly said media reports about Beijing’s interference in Canadian federal elections have taken a very negative tone regarding Ottawa’s approach to the issue, with many urging the government to take concrete action. “The tone was very negative,” said the briefing note titled “Media Analysis – Allegations of Chinese…
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