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【Morning Top 5】Curated news you should read before starting work.

to fall into line
The Trudeau administration in Canada has revealed its plan to regulate the import of Chinese-made electric vehicles. On the aspect of trade policy, it is in line with the Biden administration.Matching pace.The start of a 30-day public consultation period before triggering tariffs on Chinese-made EVs was announced by Finance Minister Freeland, marking the first step before imposing tariffs. Meanwhile, according to sources, if Germany blocks the European Union's additional tariffs on Chinese-made EVs, the Chinese government proposed that in return German luxury car manufacturers would benefit from deals.proposed.
The market entered a consolidation phase.
Stock price of the leading American semiconductor company, NVIDIA, has been declining for three trading days. The rate of decline over the three days following the all-time high update isThe market entered a consolidation phase.Surpassing the benchmark of 10%, the market capitalization of NVIDIA evaporated by approximately $430 billion (around ¥68.63 trillion) due to the decline over the past three days. Falling below the $3 trillion mark, it trailed behind Microsoft and Apple. Neville Jabrell, portfolio manager at All Spring Global Investments, stated, "In the short term, there is plenty of potential for investors to be hit by artificial intelligence (AI) fatigue or concerns about excessive concentration of rising stocks."
Excessive tightening caution
Chicago Federal Reserve President Goolsbee welcomed the calming of inflation data, while also considering whether policies are beginning to excessively burden the economy.It may be appropriatehe mentioned a widening divergence from other central banks. He indicated, "It is worthwhile to think about where the US stands in terms of the degree of economic restraint, given the situations in other advanced countries." San Francisco Federal Reserve Bank President Daly suggested that the US labor market is approaching a turning point, warning that further deceleration would mean a rise in the unemployment rate.reaching a turning pointand sounding the alarm that further deceleration would signify an increase in the unemployment rate.
Considering substantial easing
The Federal Reserve Board (FRB) presented a 3-page document outlining amendments to the proposed bank capital strengthening measures to the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC). This was revealed by multiple informed sources. This amendment is said to significantly reduce the burden on Wall Street financial institutions.It is said to significantly alleviate the content.The proposed amendments would roll back key parts of the capital strengthening measures, potentially significantly impacting major banks engaged in large-scale trading operations.
Serious consequences.
Some of the largest automobile dealers in North America are warning of potential financially "serious" impacts from the cyber attack suffered by software company CDK Global.Warning of a "serious" impact.On the 21st, Sonic Automotive and Penske Automotive submitted disclosure documents to the U.S. Securities and Exchange Commission (SEC). On the 24th, Group 1 Automotive, AutoNation, and Lithia Motors also submitted documents. Alan Riska, the threat analyst at security company Recorded Future, stated that with this incident, the hacker group known as "Black Suitsバラクスーツ" could have a significant impact.Pointed out the possibility of involvement by sysco corp.
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