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Shares of U.S. and international automakers tumbled on Thursday after President Trump declared a 25% tariff on imported vehicles and, eventually, auto parts.

"Tesla would be less exposed to tariffs as their production and assembly is all in the US."

Shares of GameStop fell more than 15% on Thursday after the company's plan to finance its bitcoin pivot raised questions about the timing of its move and its strategy to turn around its struggling retail business. The video game retailer's shares also gave up all their gains from a day earlier and were on track for their biggest one-day fall since last June, after the company said it was offering $1.3 billion in 0% 2030 convertible bonds to amass the cryptocurrency. However, GameStop also announced the closing of a "significant number" of additional stores this year, signalling that its retail business continued to flounder despite attempts to turn it around.

Former SEC Commissioner Paul Atkins testified in a confirmation hearing beside Trump's OCC nominee, Jonathan Gould, though crypto wasn't a central topic.

Sam Bankman-Fried, the convicted founder of the crypto exchange FTX, has been moved from the New York jail where he gave an interview to Tucker Carlson.

GameStop shares tumbled in intraday trading Thursday, a day after the video game retailer said it was planning to issue $1.3 billion in convertible bonds for general corporate purposes, including buying Bitcoin.