Bitcoin's creator, Intel and TSMC, cruise stocks sink, and Dogecoin mania: Markets news roundup
Plus, Palantir stock tanks 13% on Trump defense cuts
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Who created Bitcoin? The million-dollar question is back in the spotlight — and this time with a surprising new suspect: Jack Dorsey, the bearded tech sage behind Twitter $TWTR.
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Cruise operator stocks are sinking Thursday after a top U.S. official pledged to force them to pay taxes.
While speaking with Fox News on Wednesday evening, newly-confirmed Commerce Secretary Howard Lutnick suggested the federal government would order a crackdown on taxes paid by cruise operators.
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Super Micro Computer (SMCI) continued its strong rally a week after reporting impressive earnings, even as U.S. stocks remained relatively stable overall on Tuesday following the long weekend.
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Dogecoin is making headlines once again. The reason? The Securities and Exchange Commission has officially acknowledged Grayscale’s filings for a spot Dogecoin exchange-traded fund (ETF), the Grayscale Dogecoin Trust. This marks the beginning of the SEC’s review process, which could potentially bring the Dogecoin ETF to the stock exchanges.
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Shares of Palantir $PLTR (PLTR) dropped nearly 13% on Thursday morning amidst news that its CEO is planning a new share sales initiative and a media report indicating that the Trump administration has instructed the Pentagon to reduce the U.S. defense budget.
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The Trump administration’s push to have TSMC $TSM buy Intel $INTC’s chipmaking operations faces a major barrier: The Taiwanese firm isn’t actually interested, and even the threat of tariffs probably won’t be enough to force a deal. - Josh Fellman Read More
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Kevin Gordon, Director and Senior Investment Strategist at Charles Schwab $SCHW, breaks down how Donald Trump’s tariff war could impact investors
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Investors haven’t been this bearish since 2023, but are they acting like it? Charles Schwab $SCHW’s Kevin Gordon explains