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On April 30th, a research report from CICC stated that the Federal Reserve maintained interest rates unchanged at its April meeting, in line with market expectations. However, four officials voted against the inclusion of dovish language, three of whom opposed it, indicating a more cautious monetary policy stance. The high oil prices triggered by the US-Iran conflict, combined with the effects of previous tariffs, have complicated the inflationary environment. Supply shocks have shifted from occasional events to the new normal, meaning that the scope for policy easing is compressed, and the threshold for interest rate cuts will rise. This meeting was also Powells last at the helm of the Fed. Although his successor, Warsh, signaled a move towards "balance sheet reduction and interest rate cuts," the committees collective decision-making mechanism makes it difficult to push for rate cuts in the short term. We believe the likelihood of a Fed rate hike this year is low, but the path to rate cuts will be longer, with the next rate cut potentially postponed until the fourth quarter.Samsung Electronics: Investment in artificial intelligence infrastructure is expected to expand in the second quarter.Japans retail sales in March totaled 14.306 trillion yen, compared with 12.155 trillion yen in the previous month.April 30th - According to a document from the U.S. Court of International Trade, the first batch of refunds for tariffs imposed by the Trump administration under the International Emergency Economic Powers Act (IEEPA) on imported goods will be issued around May 11th. The U.S. Supreme Court ruled on February 20th that the IEPA did not authorize the president to impose large-scale tariffs. On March 4th, a judge from the U.S. Court of International Trade ruled that Customs and Border Protection (CBP) could not impose tariffs under the IEPA during tariff settlements. This means that tariffs previously imposed under the IEPA must be refunded.Japans inventory levels fell 1.5% month-on-month in March, compared with 0.3% in the previous month.

Microsoft Escalates Its Pursuit of Chinese Gaming Hits in Opposition to Sony

Haiden Holmes

Oct 25, 2022 14:27

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The Republican National Committee (RNC) filed a complaint against Google on Friday, alleging that the search engine sent its emails to users' spam folders.


In a case filed in California's U.S. District Court, the U.S. political committee accuses the internet giant of "discriminating" against it by "throttling its email correspondence due to the RNC's political affiliation and opinions."


"Google has collectively relegated millions of RNC emails to the spam folders of prospective donors and supporters during critical election fundraising and community building times," the RNC alleged in its lawsuit.


Google refuted the claims.


"As previously indicated, we do not block communications based on their political affiliation. The spam filters in Gmail respond to user actions." Google official José Castaeda said in a statement. Referring to the FEC, he added, "We provide training and support to campaigns, and we just developed a trial program for political senders that was approved by the FEC, and we continue to work to maximize email deliverability while lowering unwanted spam."


Typically, spam filters on email systems remove and divert undesired "spam" messages to a separate folder.


The bulk of the month, nearly all of the RNC's emails end up in users' inboxes, but at the end of the month, a vital time for fund-raising, virtually all of their emails end up in spam folders.


"The RNC's fundraising has historically been most successful at the end of the month," the lawsuit argues, adding that it makes no difference if the email is about giving, voting, or community outreach.


According to the committee, "discrimination" has been occurring for roughly ten months despite its best efforts to collaborate with Google.


It added that the alleged routing of its emails to spam folders has reduced revenue and that more money will be lost in the coming weeks as a result of the upcoming midterm elections.


Republicans have long claimed that huge technology companies discriminate against conservative perspectives and stifle free speech, a notion that technology companies adamantly dispute.

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