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Business

5 things to watch on the ASX 200 on Wednesday 3 August 2022

Broker looking at the share price on her laptop with green and red points in the background.

Image source: Getty Images

On Tuesday, the S&P/ASX 200 Index (ASX: XJO) fought back from a tough start to record the smallest of gains. The benchmark index rose 5.1 points to 6,998.1 points.

Will the market be able to build on this on Wednesday? Here are five things to watch:

ASX 200 expected to edge lower

The Australian share market looks set to have a subdued day on Wednesday following a poor night of trade in the United States. According to the latest SPI futures, the ASX 200 is expected to open the day 3 points lower this morning. In late trade on Wall Street, the Dow Jones is down 1.1%, the S&P 500 has dropped 0.5% and the NASDAQ is trading a fraction lower.

Oil prices rise

Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a better day after oil prices rebounded overnight. According to Bloomberg, the WTI crude oil price is up 0.35% to US$94.22 a barrel and the Brent crude oil price has risen 0.2% to US$101.26 a barrel. This was driven by supply concerns ahead of the OPEC meeting.

Virgin Money UK Q3 update

the Virgin Money UK (ASX: VUK) share price could have a decent day. The UK based bank’s shares pushed higher on the LSE overnight after investors responded positively to its third quarter update. That update revealed that its net interest margin improved to 187 basis points. This reflects higher rates, deposit spreads, and higher yielding lending mix, which were offset by ongoing mortgage spread pressure.

Gold price drops

gold miners Evolution Mining Ltd. (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could be on the slide today after the gold price traded lower overnight. According to CNBC, the spot gold price is down 0.45% to US$1,779 an ounce. The precious metal dropped despite increasing recession fears.

Pinnacle results

the Pinnacle Investment Management Group Ltd (ASX: PNI) share price will be on watch today when the investment company releases its full-year results. According to a note out of Morgans, its analysts are expecting the company to deliver FY 2022 net profit after tax of $75.3 million, up 12.3% on the prior corresponding period.

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Technology

Amazon knocks $100 off Samsung’s Freestyle smart projector

Samsung debuted its Freestyle smart projector earlier this year at CES as a portable home theater gadget with auto focus and auto leveling features, making it easier to watch anything, anywhere. Normally priced at $900, the Freestyle projector is down to $798 at Amazon right now, which is just about $100 off. Samsung also has it for nearly the same price. The only time we’ve seen the projector cheaper was when it went on sale for $650 at Woot in a one-day sale back in April. If you missed the chance then, now’s a good opportunity to grab the Freestyle while it’s decently discounted.

Buy Freestyle projector at Amazon – $798 Buy Freestyle projector at Samsung – $800

The Freestyle is really best for those who want a portable projector as it weighs only 1.83 pounds and can be easily picked up and moved from spot to spot around your home. Its stand can rotate nearly 180 degrees and its auto focus and auto leveling features help align what you’re watching, so you could project a movie onto your ceiling, your wall and a number of other places without the picture looking too wonky. The Freestyle projects images with a 1080p resolution with a size range of 30 to 100 inches, making it easy to adjust the image to fit the surface you’re working with. Along with built-in Alexa, Google Assistant and Bixby voice command support, it also has 360-degree audio, so you won’t need to plug in external speakers for sound.

If you’d rather invest in a new TV than a projector for your home theater setup, some of Samsung’s 2022 smart TVs have also been discounted on Amazon. The 85-inch Class Neo QLED Mini LED 4K TV is a whopping $700 off and down to $3,298, which is an all-time low. This set uses Mini LED technology to produce bolder, brighter colors and higher contrast, plus it supports a 120Hz refresh rate, 4K AI upscaling, Dolby Atmos and Alexa, Google Assistant and Bixby voice controls. Elsewhere, Samsung’s 65-inch Q80B Series QLED 4K set is $200 off and down to $1,298, while the 65-inch Class Neo QLED 8K Mini LED TV is $500 off and on sale for $4,498.

Buy 85-inch Samsung Mini LED TV at Amazon – $3,298 Buy 65-inch Samsung Q80B QLED 4K TV at Amazon – $1,298 Buy 65-inch Samsung QLED 8K Mini LED TV at Amazon – $4,498

Follow @EngadgetDeals on Twitter and subscribe to the Engadget Deals newsletter for the latest tech deals and buying advice.

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Sports

Commonwealth Games 2022: Muzala Samukonga collapses in men’s 400m heat results, athletics news

You don’t win gold in the qualifying rounds — and now teen star Muzala Samukonga knows it better than anyone.

The Zambian runner smoked the field in the heats of the men’s 400m at Alexander Stadium on Wednesday night (AEST), powering all the way to the finish line to shave 0.13 seconds off his personal best.

However, he collapsed on the ground after crossing the line and appeared to be in distress as officials attended to him.

The 19-year-old won Heat 5 by more than 10m from his nearest competitor and went through to the semi-finals with the fastest time of 44.89 seconds — the first time he has ever gone under the 45 second mark.

However, he might have paid a hefty price for running the personal best and he was seen clutching at his left hamstring after crossing the line. In a confronting sight, he was also seen to be punching his upper leg as he grimaced on the ground.

After attempting to get to his feet, Samukonga fell back to the ground before a wheelchair was brought out to carry him out of the stadium.

It appeared to be a case of severe cramp and Aussie athletics great Tamsyn Manou said she suspects Samukonga was suffering from “lactic acid pain”.

“He’s in liquor there. Definite all sorts,” the former Olympian told Channel 7.

“That’s just lactic acid pain pulsating through those legs.”

When asked what that feels like, Manou responded: “It’s horrendous. He’s got it that badly. He’s got it really bad. He’s going to take a while to recover from that.

“He’s going to need an ice bath for a while.”

His participation in the semi-finals on Saturday morning (AEST) has not been confirmed.

Former British middle-distance runner Tim Hutchings told the Commonwealth Games host broadcasting service Samukonga brought it on himself.

“Maybe he thought I may never get a chance to run sub-45 (seconds) again,” Hutchings said.

“I think most coaches would say, ‘it’s great to run a personal best, but actually this is just extravagant and you will pay for it’.

“That’s a 10m winning margin — and more by the time he hits the line.

“Really, really unnecessary. No one else goes under 46 seconds.

“He runs 44.89 seconds and dare I say, he’s the word naive.

“An incredible run, but I hope that’s not the last we see of him in Birmingham.”

Aussie Steve Solomon also moved through to the semi-finals as the sixth-quickest overall qualifier after finishing second in his heat with a time of 45.98 seconds.

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Categories
Business

Jeff Bezos’ unfinished mega yacht towed away after threats of egging

Jeff Bezos’ unfinished mega yacht was towed away from a Dutch shipbuilding yard before dawn Tuesday just weeks after Rotterdam residents threatened to pelt the luxury vessel with eggs if the city went through with plans to dismantle a landmark bridge to make way for the $500 million ship .

The 417-foot long, three-masted yacht, which goes by the name Y721, was relocated from the Oceanco shipyard in Alblasserdam to the Greenport yard just 24 miles away in Rotterdam, according to the German-language daily Der Spiegel.

Video of the towing was posted to YouTube by Dutch yacht enthusiast Hanco Bol.

“We never saw a transport going that fast,” Bol writes of what he witnessed. It took less than three hours for the ship to travel southwest along the Noord canal even though it normally requires nearly twice as much time to traverse the route, according to Bol.

He speculates that Oceanco, the company that was commissioned to build the yacht, chose the timing of the move in order to keep it under wraps given the considerable publicity it has generated.

Rotterdammers who were furious about plans to dismantle “De Hef” bridge, also known as Koningshaven, had threatened to pelt the yacht with eggs if it made the journey.

Bol writes that the yacht’s route was designed to avoid traveling through the Rotterdam city center and underneath “De Hef” — even though it would have saved more time.

Oceanco last month announced that it had dropped its request for the Rotterdam city council to approve the temporary dismantling of the bridge.

The company had indicated that Bezos, the Amazon founder and second-richest person in the world, was willing to foot the bill for the removal of the middle section of the span so that the yacht would be able to sail through the Nieuwe Mass River.

Bol speculates that Oceanco intentionally avoided towing the unfinished yacht underneath “De Hef.”

“I think that was intentional,” he told Der Spiegel.

“When I was standing on one of the bridges, they shined a searchlight on me, so it wasn’t easy for me to take pictures.”

According to Dutch media reports, it will take several more months for the ship to be completed.

The Post has reached out to Amazon and Oceanco seeking comment.

This article was originally published by the New York Post and reproduced with permission

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Categories
US

Kinzinger on Meijer defeat: ‘Democrats own that’

Republican Rep. Adam Kinzinger (Ill.) blamed Democrats on CNN’s “New Day” Wednesday after moderate GOP Rep. Peter Meijer (Mich.) was defeated in his primary election by a Trump-endorsed candidate.

Meijer, who voted to impeach former President Trump after the 2021 Capitol attack, lost to Trump-backed challenger John Gibbs on Tuesday, after the Democratic Congressional Campaign Committee (DCCC) spent hundreds of thousands of dollars on ads supporting Gibbs.

Meijer’s race was among a number of primaries in which the Democratic campaign arms spent money on Trump-backed candidates, a strategy seemingly aiming to make it easier for Democrats to win general elections.

“I mean, the DCCC needs to be ashamed of themselves,” Kinzinger said.

“If Peter’s opponent wins and goes on in November to win, the Democrats own that. Congratulations,” he continued. “Here’s the thing, don’t keep coming to me asking where are all the good Republicans that defend democracy and then take your donors’ money to spend half a million dollars promoting one of the worst election deniers that’s out there.”

Although some Democrats have spoken out against the DCCC’s strategy, top Democratic officials such as Speaker Nancy Pelosi (D-Calif.) have come out in favor of the tactic.

“The political decisions that are made out there are made in furtherance of our winning the election,” Pelosi said last week, “because we think the contrast between Democrats and Republicans — as they are now — is so drastic that we have to win. ”

Meijer’s defeat is another win for Trump, who has made a midterm priority out of getting Republicans out of office who publicly opposed him following the Jan. 6 Capitol riot.

Meijer said Democrats disregarded “certain moral limits” in politics when backing his opponent.

“If successful, Republican voters will be blamed if any of these candidates are ultimately elected, but there is no doubt Democrats’ fingerprints will be on the weapon,” Meijer said in an essay posted online Monday.

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Categories
Technology

These Sonic the Hedgehog Themed Keyboards Could Ironically Slow Your Typing Speed

the sonic the hedgehog video games are more or less about one thing: blasting through a level with as much speed as possible. So as lovely as this Sonic-themed keyboard from Higround is, it seems almost antithetical to the spirit of the games, at least if you don’t have all your key positions perfectly memorized.

The keyboard is part of a new ‘capsule collection’ (yes, we’re just as upset about writing those words as you are about reading them) from Higround, who partnered with Sega to help pay tribute to the company’s most recognizable characters and one of its most beloved consoles.

These Sonic the Hedgehog Themed Keyboards Could Ironically Slow Your Typing Speed

The collection includes t-shirts, pants, bags, keycap sets, and even mouse pads, but the highlight definitely has to be the three heavily-themed keyboards. The most flamboyant of the bunch features elaborately decorated keys (with TTC Speed ​​Silver switches underneath) recreating the iconic Green Hill Zone from the first sonic the hedgehogwhile a slightly more subtle alternative mirrors the key art for sonic adventure 2.

The last keyboard of the bunch pays homage to the Dreamcast, with the console’s logo on the space bar and the arrow keys matching the colors and labels from its controller’s action buttons. Each keyboard appears to be completely free from labels to prioritize the artwork on the keycaps, but in reality, the alphanumeric labels have been moved onto the side of each key for aesthetic reasons, prioritizing form over function. At least there’s some form of safety net.

Higround’s Sega collection officially becomes available starting at noon, PST, on August 5, through the company’s website. While pricing hasn’t been revealed for any of the items yet, other keyboard releases from the company have ranged in price from $US135 ($187) to $US145 ($201).


Editor’s Note: Release dates within this article are based in the US, but will be updated with local Australian dates as soon as we know more.

Categories
Entertainment

“Squid Game” Still King Of Netflix




Squid Game Still King Of Netflix
Netflix

Even with big advantages in terms of episode runtime and a split season allowing for a double count, the recent fourth season of “Stranger Things” still couldn’t quite beat “Squid Game” as Netflix’s most popular season of television ever.

The streaming giant calculates a show’s popularity based on hours viewed during a title’s first 28 days of availability. “Stranger Things” saw a segmented release with the season split into two volumes launched a month-and-a-half apart.

As a result, Netflix has added the first 28 days of viewing stats of first volume episodes with the first 28 days of viewing stats of second volume episodes. Add to this, the new season boasted a considerable 13-hour runtime, and it comes as little surprise that the fourth season’s final count came in at a gargantuan 1.4 billion hours viewed.

That figure, however, failed to pass the 1.7 billion hours viewed of “Squid Game” in its first 28 days – and that’s despite a considerably shorter runtime for the South Korean smash hit (eight hours), which is still the reigning champ.

Source: Variety






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Categories
US

Pelosi tells Taiwan US commitment to democracy is ‘ironclad’

TAIPEI, Taiwan (AP) — After a trip that drew China’s wrath, a defiant Nancy Pelosi concluded her visit to Taiwan on Wednesday with a pledge that the American commitment to democracy on the self-governing island and elsewhere “remains ironclad.”

Pelosi was the first US House speaker to visit the island in more than 25 years, and China swiftly responded by announcing multiple military exercises nearby.

The speaker’s departure for South Korea came just a day before China was scheduled to launch its largest maneuvers aimed at Taiwan in more than a quarter of a century.

Before leaving, a calm but resolute Pelosi repeated previous remarks about the world facing “a choice between democracy and autocracy.”

“America’s determination to preserve democracy, here in Taiwan and around the world, remains ironclad,” she said in a short speech during a meeting with Taiwanese President Tsai Ing-wen.

China claims Taiwan as its territory and opposes any engagement by Taiwanese officials with foreign governments.

The Biden administration, and Pelosi, have said that the United States remains committed to the so-called one-China policywhich recognizes Beijing but allows informal relations and defense ties with Taipei.

Nevertheless, China issued a series of harsh statements after the American delegation touched down late Tuesday in the Taiwanese capital, Taipei.

Taiwanese President Tsai pushed back firmly against Beijing’s military exercises, parts of which will enter Taiwanese waters.

“Facing deliberately heightened military threats, Taiwan will not back down,” Tsai said at her meeting with Pelosi. “We will firmly uphold our nation’s sovereignty and continue to hold the line of defense for democracy.”

The exercises, including those involving live fire, are to start Thursday and will be the biggest aimed at Taiwan since 1995, when China fired missiles in a large-scale exercise to show its displeasure over a visit by then-Taiwanese President Lee Teng-hui to the US

In other activities, Pelosi visited a human rights museum in Taipei that details the history of the island’s martial-law era. She also met with some of Taiwan’s most prominent rights activists, including an exiled former Hong Kong bookseller who was detained by Chinese authorities, Lam Wing-kee.

Thanking Pelosi for her decades of support for Taiwan, the president presented her with a civilian honor, the Order of the Propitious Clouds.

A day earlier, China’s official Xinhua News Agency announced the military operations and showed a map outlining six different areas around Taiwan.

Arthur Zhin-Sheng Wang, a defense studies expert at Taiwan’s Central Police University, said three of the areas infringe on Taiwanese waters, meaning they are within 12 nautical miles (22 kilometers) of shore.

Using live fire in a country’s territorial airspace or waters is risky, Wang said, because under international rules of engagement, it can be seen as an act of war.

In Washington, John Kirby, spokesperson for the National Security Council, sought to tamp down fears. He told ABC’s “Good Morning America” on Wednesday that US officials “don’t believe we’re at the brink now, and there’s certainly no reason for anybody to be talking about being at the brink going forward.”

Pelosi’s trip heightened US-China tensions more than visits by other members of Congress because of her high-level position as leader of the House of Representatives. The last House speaker to visit Taiwan was Newt Gingrich in 1997.

China’s response came on multiple fronts—military, diplomatic and economic.

Shortly after Pelosi landed Tuesday night, China announced live-fire drills that reportedly started that night, as well as the four-day exercises starting Thursday. The People’s Liberation Army Air Force also flew a contingent of 21 warplanes toward Taiwan.

Chinese Vice Foreign Minister Xie Feng summoned the US ambassador in Beijing to convey the country’s protests the same night.

On Wednesday, China banned some imports from Taiwan, including citrus fruit and fish. That night, China flew an additional 27 fighter jets toward Taiwan.

Chinese state broadcaster CCTV said a Taiwanese citizen was detained on suspicion of inciting separatism. Yang Chih-yuan, originally from the city of Taichung, was shown surrounded by police in a CCTV video. Yang had been a candidate for a legislative position in New Taipei City, according to local media.

Addressing Beijing’s threats, Pelosi said she hopes it’s clear that while China has prevented Taiwan from attending certain international meetings, “that they understand they will not stand in the way of people coming to Taiwan as a show of friendship and of support.”

Pelosi noted that congressional support for Taiwan is bipartisan, and she praised the island’s democracy. She stopped short of saying that the US would defend Taiwan militarily, emphasizing that Congress is “committed to the security of Taiwan, in order to have Taiwan be able to most effectively defend themselves.”

Her focus has always been the same, she said, going back to her 1991 visit to Beijing’s Tiananmen Square, when she and other lawmakers unfurled a small banner supporting democracy two years after a bloody military crackdown on protesters at the square. That visit was also about human rights and what she called dangerous technology transfers to “rogue countries.”

On this trip, Pelosi met with representatives from Taiwan’s legislature.

The speaker’s visit is “the strongest defense” of human rights, democratic values ​​and freedom, Tsai Chi-chang, vice president of Taiwan’s legislature, said in welcome.

Pelosi’s five-member delegation included Rep. Gregory Meeks, chair of the House Foreign Affairs Committee, and Rep. Raja Krishnamoorthi from the House Intelligence Committee. Rep. Andy Kim and Mark Takano also traveled with the speaker.

She also mentioned Rep. Suzan DelBene, whom Pelosi said was instrumental in the passage of a $280 billion bill aimed at boosting American manufacturing and research in semiconductor chips — an industry that Taiwan dominates and is vital for modern electronics.

Pelosi arrived Wednesday evening at a South Korea military base ahead of meetings with political leaders in Seoul, after which she will visit Japan.

Both countries are US alliance partners, together hosting about 80,000 American personnel as a bulwark against North Korea’s nuclear ambitions and China’s increased assertiveness in the South China and East China seas.

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Categories
Technology

‘Pokémon Go’ Fest 2022 Finale will make Ultra Beasts available globally

As announced during the August 2022 Pokémon Presents, four of the Ultra Beasts that have previously appeared separately at different locations around the world will be available together at the pokemon go Fest 2022 Final Event.

The Ultra Beasts in question are Nihilego, Buzzwole, Pheromosa and Xurkitree, and will be available to catch worldwide on August 27 from 10AM to 6PM local time in each region. It’s described as a “global event that can be enjoyed by trainers wherever they are in the world. Trainers will be able to encounter Pokémon they may not normally see in the wild.”

Mythical Pokémon Shaymin, which was first introduced in the fourth generation, can also be found at the event by completing “special research”. Story details are also teased, with Professor Willow being sucked “into Ultraspace through an Ultra Wormhole”.

Lastly, Daily Adventure Incense has been added to Pokémon Go. It’s described as a “special incense that can be used once a day for 15 minutes”, and it can “attract Pokémon not normally seen in your area”. It also has the potential effect of attracting legendaries.

Since its release six years ago, over 700 of the total 905 Pokémon have been made available to catch in pokemon go. The game has been a huge hit for developer Niantic, becoming one of the highest-grossing mobile games of all time, and being downloaded over 1billion times as of 2019.

Snorlax Pokemon Go
Pokémon Go. Credit: Niantic.

Despite this, Niantic Chief Executive Officer, John Hanke, recently announced in an email that the company was “facing a time of economic turmoil”. Hanke stated that Niantic needs to “further streamline our operations in order to best position the company to weather any economic storms that may lie ahead”, which has manifested in the cancellation of Transformers: Heavy Metal and the game Hamlet.

In other news, pokemon unite is celebrating its first anniversary with roster additions and timed events.

Categories
Entertainment

Hugh Jackman keeps things casual on a stroll in New York City

Buff-looking Hugh Jackman keeps things casual while taking a stroll through New York City

He has built a career playing superheroes and magicians.

But Hugh Jackman kept things decidedly casual on Tuesday as he went for a stroll in New York City.

The Aussie actor, 53, sported a form-fitting blue longsleeve and white cargo shorts.

Hugh Jackman kept things decidedly casual on Tuesday as he went for a stroll in New York City

Hugh Jackman kept things decidedly casual on Tuesday as he went for a stroll in New York City

He was seen heading out for lunch in the Big Apple, the city he has called home for many years.

He accessorized with stylish sunglasses, white sneakers and a black bag.

The Covid-conscious star covered his face with a black mask.

The Aussie actor, 53, sported a form-fitting blue longsleeve and white cargo shorts

The Aussie actor, 53, sported a form-fitting blue longsleeve and white cargo shorts

Hugh announced in June he’d tested positive for Covid-19 for a second time, forcing him to temporarily step away from his Broadway production of The Music Man.

At the time of his return, he thanked his supporters as well as the understudies who stepped in to make sure the show could go on.

‘So so happy to get back to the Music Man family and get back in front of audiences,’ he said on Instagram.

Hugh announced in June he had tested positive for Covid-19 for a second time

Hugh announced in June he had tested positive for Covid-19 for a second time

‘Thanks for all the well-wishes but in particular thanks to Max Clayton, my incredible stand by.’

Hugh recently offered a glowing endorsement of the movie Elvis, directed by fellow Australian Baz Luhrmann and starring Austin Butler.

‘Baz, you’ve done it again!,’ Hugh said in a video on social media.

Hugh recently offered a glowing endorsement of the movie Elvis, directed by fellow Australian Baz Luhrmann and starring Austin Butler

Hugh recently offered a glowing endorsement of the movie Elvis, directed by fellow Australian Baz Luhrmann and starring Austin Butler

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