🚀 Trump supports a tax hike

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. In a characteristically contradictory post, Donald Trump voiced support for a modest tax hike on the rich to fund his domestic agenda—then immediately urged Republicans not to do it, though he claimed he’d be “OK if they do.” The former president, eyeing a sweeping tax-and-spending package, floated the idea to House Speaker Mike Johnson, including a carve-out for small businesses and a potential closure of the carried interest loophole. However, with the GOP grappling over how to pay for $4.5 trillion in proposed tax cuts, Trump’s suggestion further complicates efforts to appease both fiscal hawks and working-class voters. His rhetorical nod to George H.W. Bush’s broken tax pledge hints at the political peril of such a move.

2. Lyft shares surged 23% after the company boosted its share buyback plan to $750 million and reported strong quarterly results, with CEO David Risher assuring CNBC that consumer demand remains solid despite broader economic concerns. Gross bookings rose 13% to $4.16 billion—marking the 16th straight quarter of growth—while rides jumped 16% to 218.4 million. Though revenue slightly missed expectations at $1.45 billion, Lyft swung to a small profit, prompting activist investor Engine Capital to end its board challenge and Goldman Sachs to upgrade the stock to a buy, highlighting solid performance in a steady market.

3. Could This Company Do for Housing What Tesla Did for Cars? BOXABL believes they have the potential to disrupt a massive and outdated trillion dollar building construction market by bringing assembly line automation to the home industry. Since securing their initial prototype order from SpaceX and a subsequent project order of 156 homes from the Department of Defense, BOXABL has raised over $170M from over 40,000 investors since 2020. They recently achieved a significant milestone: raising over 50% of their Reg A+ funding limit! BOXABL is now only accepting investment on their website until the Reg A+ is full. Invest now before it’s too late. *

4. Palantir has leapfrogged into the top 10 most valuable U.S. tech companies, hitting a $281B market cap—despite making just a tenth of Salesforce's revenue and trading at a jaw-dropping 520x trailing earnings. The surge is fueled by booming government contracts, including a $178M AI deal with the U.S. Army, and CEO Alex Karp’s unapologetic defense of Palantir’s military focus. But analysts warn the hype may be outpacing reality, with Palantir now facing sky-high expectations in a cooling tech market and sporting valuations that far exceed its peers.

5. Headlines

   1. Chinese ships are now paying a 145%+ tariff.

   2. 83% of US consumers believe their financial position will worsen in the coming months.

   _{* Disclosure: This is a paid advertisement for BOXABL’s Regulation A offering. Please read the offering circular here. This is a message from BOXABL.}

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Onwards and Upwards,

Liam Gill