[5 books this morning] Selected news to read before starting work

Canada's Trudeau administration has revealed a policy to regulate the import of Chinese EVs. With the Biden administration in terms of trade policyGet on the same page. Finance Minister Freeland announced the start of a 30-day public consultation (public opinion solicitation), which is the first step before imposing tariffs on Chinese-made EVs. Meanwhile, according to officials, if Germany blocks the introduction of additional European Union (EU) tariffs on Chinese EVs, the Chinese government will benefit from a deal where German luxury car manufacturers benefit in returnproposed。

The stock price of NVIDIA, a major US semiconductor company, continued to fall for 3 business days. What is the rate of decline for 3 days after the high was updatedEntering an adjustment phaseIt exceeded 10%, which is the guideline for Due to the three-day decline, the total market value of NVIDIA disappeared by about 430 billion dollars (about 68.63 trillion yen). It broke through the $3 trillion mark and fell below Microsoft and Apple. Neville Javelli, portfolio manager at All Spring Global Investments, said, “In the short term, there is a good possibility that investors will begin to be hit by artificial intelligence (AI) fatigue, or that concerns that rising stocks are too concentrated in some parts will intensify.”

President Goolsby of the US Chicago Federal Reserve welcomed the calming down in inflation data and began to think about whether policies are putting too much pressure on the economymight be appropriateI said it. It also mentions the widening divergence (rift) with other central banks. “When viewed from the viewpoint of what kind of situation other developed countries are in, it is worth considering where the United States is in terms of the degree of economic suppression,” he said. San Francisco Federal Reserve President Daly said that the US labor marketApproaching an inflection pointIt showed the view, and sounded an alarm that a further deceleration would mean an increase in the unemployment rate.

The US Federal Reserve (FRB) presented a 3-page document summarizing amendments relating to banks' capital regulation strengthening plans to the Federal Deposit Insurance Corporation (FDIC) and the Currency Supervisory Service (OCC). Multiple stakeholders who are familiar with the situation have made it clear. The burden of Wall Street financial institutionsContent that will be drastically reducedThat's it. The proposed amendments recede the main part of the capital regulation strengthening plan, and content that would have had a big impact on major banks developing large-scale trading businesses is also included.

Some of the largest car dealers in North America have gone to finance due to cyber attacks carried out by the software company CDK Global“Significant” effectsIt warns that there is a risk of being hit. Sonic Automotive and Penske Automotive submitted disclosure documents to the U.S. Securities and Exchange Commission (SEC) on the 21st. Group One Automotive, Autonation, and Lycia Motors also submitted documents on the 24th. Alan Riska, the threat analyst at the security company Recorded Future, is a group of hackers in this incident”black suitIt was pointed out that there is a possibility that” was involved.