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