Global financial media last night and this morning Headlines of common concern mainly include:
1、 The US Treasury Department raised its borrowing estimate for this quarter to 243 billion US dollars
2、 Industry organizations say Tesla's dominance in California's auto industry has weakened and its popularity may have peaked
3 、 The yen fell to its lowest level against the US dollar since 1990
4 、 Philips will pay US $1.1 billion to settle the lawsuit on ventilator in the United States
5、 Photovoltaic power puts some high-yield farmland in danger in the United States
6、 It is said that the European Commission requires the iPad to follow the same iPhone regulation
The US Treasury Department raised its borrowing estimate for this quarter to 243 billion US dollars
The US Treasury Department raised its estimate of the size of federal borrowing in this quarter to US $243 billion, higher than most traders' expectations, which largely reflected that cash income was lower than officials' expectations.
The US Treasury Department said in a statement on Monday that it would raise the estimated net borrowing size from April to June by $41 billion from the estimated value of $2020 billion released at the end of January. The US debt management agency's estimate of the Treasury's cash balance at the end of June remained unchanged at US $750 billion.
The Ministry of Finance said that the increase was "mainly due to the decrease of cash income", but the decrease of such income was partially offset by the increase of cash balance at the beginning of this quarter. The news may surprise some budget observers. France Industrial Bank The strategists of.
The yield of US treasury bonds narrowed its decline briefly after the statement of the Treasury Department. As of 3:16 p.m., the yield of 10-year treasury bonds was about 4.62%, which was as low as about 4.61% earlier.
Industry organizations say Tesla's dominance in California's auto industry has weakened and its popularity may have peaked
According to the report of California New Car Dealers Association, Tesla's car sales in California decreased for the second consecutive quarter, indicating that the company's popularity in the state may have reached its peak.
The industry organization said on Monday that although Tesla is still popular in California, its overall new car registrations in the first quarter fell 7.8% year on year. In the fourth quarter of last year, Tesla's registration fell 9.8%.
According to the report, Tesla's share of the electric vehicle market in California fell 6.4 percentage points to 55.4%. At the same time, the new electric vehicles launched by luxury car manufacturers Mercedes Benz and BMW helped these companies make progress in the California market, although the share of electric vehicles in the overall market declined slightly during the same period.
The California New Car Dealers Association said in a statement that California's "love for Tesla, the electric car giant, may have peaked". The group said the company's dominance was weakening and "traditional manufacturers are stepping up their actions."
The yen fell to its lowest level against the US dollar since 1990
During the New York trading session, the dollar once hit the level of 160 yen to the dollar. By noon on Monday on the East Coast, the dollar quickly fell back to 156 yen to the dollar. This sudden fluctuation may occur in the foreign exchange market, which is famous for its fluctuations. The closure of the Japanese stock market may also be one of the reasons for trading volatility. However, the speed and extent of the yen's fluctuations have triggered speculation about whether Japanese officials are taking measures to support the yen.
Since the Bank of Japan kept interest rates at a very low level to encourage more inflation in the Japanese economy, the yen has been under long-term pressure. Only last month did it end its policy of keeping the benchmark interest rate below zero.
The Bank of Japan made the latest interest rate decision last Friday and kept the interest rate unchanged. This has stimulated the recent weakness of the yen to some extent. Bank of America strategists said in a report of BofA Global Research that the market may have been responding to the Bank of Japan's recent commitment not to further increase interest rates, and the yen may continue to be under pressure in the third quarter of this year.
Philips will pay US $1.1 billion to settle the lawsuit on ventilator in the United States
Philips, the medical device manufacturer, said on Monday that it would pay $1.1 billion to resolve hundreds of personal injury lawsuits in the United States caused by its defective sleep apnea device, which has been recalled globally.
The Dutch manufacturer did not admit any fault and said that an agreement had been reached to resolve any uncertainty faced in the case. This payment also includes medical monitoring claims made by patients using the company's equipment, who may face risks in the future.
Since 2021, Philips has recalled more than 5 million ventilators, because their internal foam will decompose over time, causing users to inhale tiny particles and smoke while sleeping. Efforts to repair or replace machines have been plagued by delays, which has frustrated regulators and patients in the United States and other countries.
Monday's announcement is another step in resolving the largest medical device recall in the history of the industry, which has been delayed for nearly three years.
After the news, Philips shares rose more than 35%, reaching a one-year high.
Photovoltaic power puts some high-yield farmland in danger in the United States
solar energy The industry is advancing to the Midwest of the United States, which is attracted by cheaper land rent, more convenient power transmission and a large number of federal and state incentives.
Based on the analysis of federal, state and local data and hundreds of pages of court records, and interviews with more than 100 energy and soil scientists, agricultural economists, farmers and farm owners, as well as local, state and federal legislators, it is believed that the prosperity of renewable energy may destroy some of the most fertile soils in the major agricultural states of the United States, such as Indiana.
According to the U.S. Environmental Protection Agency and the Justice Department, the common construction practices of solar power plants, including clearing and grading large areas of land, may also lead to serious erosion and a large amount of sediment flowing into the waterway without taking appropriate remedial measures. Some agricultural economists and agronomists said that even if a small part of the best farmland is used for solar energy development and the precious topsoil is destroyed, it will also affect the future crop potential of the United States.
It is said that the European Commission requires the iPad to follow the same iPhone regulation
In iOS 17.4 released last month, Apple introduced third-party app stores, browsers and other functions for the EU region to comply with relevant EU DMA regulations and policies. It is reported that the European Union currently requires Apple's iPad to follow the same iPhone regulatory strategy. Apple reportedly has six months to "adjust". At that time, users in the EU region can also freely use the third-party app store/NFC function on Apple's iPad, and can unload more system built-in applications. Referring to the previous report of IT House, the European Commission will require Apple to open the Tap to Pay payment option "as soon as next month", and also require iPhone users to be able to delete the "photo" application that comes with the system.
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