• Memorial Day Travel Surge, Nvidia's AI Boom, and Citi's $79M Fine

  • May 23 2024
  • Duración: 5 m
  • Podcast

Memorial Day Travel Surge, Nvidia's AI Boom, and Citi's $79M Fine Por arte de portada

Memorial Day Travel Surge, Nvidia's AI Boom, and Citi's $79M Fine

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  • Resumen

  • In this episode of "The State of Crypto," we tackle a diverse range of topics from economic perceptions to corporate shakeups and political developments. - Memorial Day weekend kicks off with nearly 44 million Americans expected to travel. Market indices dip slightly while Nvidia's stock surges post-earnings report. - A Harris poll reveals a significant mismatch between public perception and economic data, amid improving GDP, inflation, and unemployment rates. - Nvidia's sales skyrocket by 262% courtesy of the booming AI sector, while housing sales in the US take a 1.9% hit in April. - Vivek Ramaswamy buys a significant stake in BuzzFeed, and legal troubles put Graceland's foreclosure on hold. - Citi faces substantial fines for a European market flash crash caused by a trading error, and the UK gears up for a July election. - Domestically, Target struggles with sales, while the Biden administration cancels billions in student loans. - Tech news includes OpenAI’s big content deal with News Corp and scrutiny surrounding Humane's Ai Pin. - Finally, a study highlights that more Americans are now daily marijuana users than alcohol drinkers. Join us as we unpack these stories and more. Stay informed and have a great day ahead!
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