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

Did US President Biden serve as a member of the Democratic PartyepistleHe expressed, “I firmly pledge to stay in this race, fight through to the end, and defeat Donald Trump.” They also made an unscheduled telephone appearance at MSNBC, showing frustration that voices of dissatisfaction were leaking out from within the party, and also stated that they were convinced that voters wanted their own election campaign to continue through rallies held in the past few days. Over the weekend, several of the Democratic Party's leading members of the House of Representatives expressed a new idea that they wanted Mr. Biden to withdraw.

Regarding the outlook for US stocks, Morgan Stanley's Mike Wilson stated, “There is a high possibility that 10% adjustments will be made until the presidential election.” July-September (3rd quarter) showed the view that it was “not flat.” “The possibility that stock prices will rise from now until the end of the year is extremely low. It's probably much lower than normal,” he stated in an interview with Bloomberg Television, and the probability that stock prices at the end of the year will exceed current levels is 20-25%conjectureI did it.

US consumer inflation over the next yearexpectedIt declined for the second month in a row in June. The outlook for rising housing prices and other living costs has softened. According to data from the New York Federal Reserve, inflation expectations for the year ahead were 3% in June, down from 3.2% the previous month. It has returned to the level from December last year to March this year. The survey results are consistent with data showing that inflation, which was more entrenched than expected in the first quarter of this year, has decelerated in recent months.

As a result of the French National Assembly (lower house) election runoff vote, a split parliament without a clear majoritybirthAs a result, the country is headed for a long period of political turmoil. President Macron stated that the general election was to clarify the political situation in France, but rather, it was the beginning of negotiations over several weeks to explore a possible form of administration. Political analyst Antonio Barroso said, “The extreme situation has been avoided. The problem, however, is that there is no easy path to establishing a government.”

The total market value of Taiwan Semiconductor Manufacturing (TSMC) reached 1 trillion dollars at one point. TSMC's American Depositary Receipts (ADR) were 4.8% at one time in the New York Stock Exchange on the 8thASCENSION. Since the beginning of the year, the price has risen by over 80%. Multiple financial institutions have raised the company's target stock prices. As a supplier that supplies important semiconductors to Apple and NVIDIA, TSMC is preferred by investors around the world who invest in artificial intelligence (AI).