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

The US economy was more than expected in April-June (second quarter)Growth is acceleratingI did it. Real gross domestic product (GDP)The preliminary figures increased 2.8% per year from the previous fiscal year, double the growth rate of the previous fiscal year. It also surpassed market expectations by 2%. Private consumption also rose 2.3% above expectations. Personal consumption expenditure (PCE) excluding food and energyThe core price index rose 2.9%, which was lower than the previous quarterHowever, it surpassed expectations. According to the June durable goods statistics announced at the same time, orders (preliminary value) for non-defense capital goods (core capital goods) excluding aircraft increased by 1%, which is a high increase since the beginning of last year. The number of new US unemployment insurance claims last week decreased by 10,000 from the previous week to 0.23 million 5,000.

US Meta Platforms, which is Facebook's parent company, is the company's first from the European Union (EU)PenaltiesIt is expected that they will be judged. The fact that the classified advertisement service “Facebook Marketplace” is attached to Facebook's social network is viewed as a problem because it is worth abusing its overwhelming position in the classified advertisement market. According to officials, the EU's decision will be announced within a few months. There is also a possibility that the European Commission, which is the EU's executive body, will direct the creation of another version of a classified advertising platform that does not require going through Facebook.If it is determined that it has been violated in the end, there is a risk that a fine equivalent to a maximum of 10% of annual sales will be imposed.

Timey, which handles matching services between workers and businesses with part-time jobs, made an initial public offering on the Tokyo Stock Exchange Growth Market for 1450 yen per share on the 26th (IPOs) I will do it. No funds will be raised, existing shareholders will sell their holdings, and the amount of funds absorbed from the market will be approximately 47 billion yen, making it the largest IPO this year. Timey's listing highlights business opportunities due to Japan's serious labor shortage. Japan is facing a serious labor shortage against the backdrop of a declining birthrate and aging population. According to the Bank of Japan's short-term corporate economic observation survey, corporate labor shortages are expanding, and in particular, the non-manufacturing industry has been hit by the worst labor shortage in the past 30 years or more. New entrants have begun to appear, but Timey aims to expand its business with its own services.

US Treasury Secretary Yellen is former President Trump'sStrong criticism of the dollarAsked about, they expressed the view that exchange rates should be determined in the market, citing the commitments of the seven major countries (G7) central banks and finance ministers meetings. “In the United States, monetary tightening policies have been in place since a few years ago,” and Secretary Yellen pointed out at a press conference in Rio de Janeiro that interest rates are at a higher level than other countries. He explained that “because of that, funds will flow in, and the dollar will become stronger,” and stated that “such a situation is naturally expected” due to a strong economy and inflation control policies.

Amazon.com's cash on hand is expected to exceed 100 billion dollars (about 15 trillion365 billion yen) this year, and following other super-large high-tech stocks, it seems to be ripe for generous shareholder returns.First dividendIt might be possible to break through. Even though Amazon has plenty of cash on hand, it has not carried out continuous shareholder returns for a long time, and profits have been reinvested into the business. If there is a change in this attitude, it is likely to boost stock prices. Amazon stock prices have risen 20% year to date, and the rate of increase is above 13% of the Nasdaq 100 Index. Amazon is expected to announce shareholder returns over the next few quarters, even if it's not August 1, when it announces April-June (2nd quarter) financial results