Special Delivery: Your Order is Here!

Market Watch 👀

📦 Temu for You - Have you seen their ads on social media, or do you buy from Temu to dropship on other platforms? The Biden administration has proposed a new rule that would prohibit products subject to U.S.-China tariffs from being eligible for a special customs exemption. Many people have taken advantage of the low prices and the de minimis loophole that allows packages with a value of less than $800 to enter the United States with no tax. However, this may be changing. In 2022, the Gap paid $700 million in import duties, and H&M paid $205 million, while Shein and Temu paid no import duties at all. It's worth mentioning that Temu, a platform known for its questionable quality issues and human rights practices, has been able to avoid paying import duties altogether.

🫧 Squeaky Clean - Walmart and Clorox are among the most overbought stocks this week, with analysts signaling potential pullbacks ahead. Walmart hit an all-time high, gaining 53% year-to-date, while Clorox surged 25% in three months. Both companies have high RSI scores, suggesting a cooling period might be on the horizon as their prices could be due for a dip.

💼 Coach & Michael Kors: Merger on the Line - Coach and Michael Kors are in court over their $8.5 billion merger. The FTC argues this deal could hike up prices for consumers by reducing competition, but the brands say it’s crucial for staying competitive in a fast-changing market.

🍏Another year another I-phone - Apple just dropped the iPhone 16, featuring AI-powered tools like visual intelligence and a camera control button for next-level convenience. The AirPods 4 got a comfort boost and now offer noise cancellation and USB-C charging. Meanwhile, the Apple Watch 10 sports a bigger screen and even tracks sleep apnea. Starting prices? iPhone 16 at $799, AirPods 4 at $129, and Watch 10 at $399.

💰 Crypto Corner

We Crypto 🌍

Adam Neumann, the former CEO of WeWork, isn’t having the smoothest journey with his latest venture, Flowcarbon. The company, which aimed to tokenize carbon credits through blockchain, hit a major snag. Investors who bought into Flowcarbon’s Goddess Nature Token (GNT) are now getting refunds after the token’s highly anticipated launch never happened. 😬

So, what went wrong?

Flowcarbon raised $70 million, with $38 million from GNT sales. The plan? Back each token 1:1 with carbon credits, allowing companies to offset emissions and investors to join the carbon credit market. However, tough market conditions and resistance from carbon registries caused the project to stall, leading to refunds.

A Troubled History

Carbon credits have been criticized in the past for their lack of transparency and credibility, with concerns about double counting, inflated prices, and the true environmental impact of projects being hard to verify. Tokenizing these credits aims to solve these issues by using blockchain for greater accountability and public verification. If not Adam, who will solve for this challenge in the future? We will have to wait and see.