The Biden-Harris administration plans to address trade loophole abuse by e-commerce giants Temu and Shein through regulatory actions, citing concerns about overuse. Senior officials are focused on cutting down on exploitation of the loophole to ensure fair trade practices. The proposal aims to curb the reliance of these companies on the loophole for competitive advantage.
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Better Telecom Stock: AT&T vs. Verizon
Recent stock market volatility has highlighted the telecom sector's stability, with AT&T and Verizon emerging as strong investment options. AT&T is at a pivotal point, focusing on expanding its 5G and fiber-optic networks following a divestment of entertainment assets, projecting $16 billion in free cash flow (FCF) for 2024, while Verizon is also growing its mobile and fiber businesses, pursuing an acquisition to boost broadband connections. Both companies show promise, but AT&T has outperformed in...
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