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

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

Released Thursday, 23rd May 2024
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Memorial Day Travel Surge, Nvidia's AI Boom, and Citi's $79M Fine

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

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

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

Thursday, 23rd May 2024
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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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