A week of earnings reports and troubling economic data sent tech stocks on a wild ride this week.
Meanwhile, Trump made an appearance at the annual Bitcoin Conference, promising a friendly environment for crypto if he is elected in November including a strategic Bitcoin reserve. Additionally, the competitive chip stock landscape is about to get a new competitor.
Stay informed on the latest developments in the tech world with the Investing News Network’s round-up.
Pro-crypto Senator Cynthia Lummis (R-Wy) introduced a bill on Wednesday that would see the US government create a reserve fund for Bitcoin, as Donald Trump promised to do during an address at the Bitcoin Conference held over the weekend in Nashville.
The bill has provisions to reaffirm the right to self-custody, or the ability of individuals to control their own assets without third-party intermediaries like centralized exchanges or custodial services.
On Thursday morning, shares of Amazon and Apple gained 1.4 percent and 0.9 percent, respectively, ahead of their results, which were released after markets closed on Thursday.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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