Ironside Macroeconomics Managing Partner Barry Knapp weighs in on Making Money about whether the U.S. is facing a sovereign debt crisis.
-NVIDIA stock soars to new all-time high
– Nasdaq hits new record, stocks stabilize, retirement accounts fill
News Corp and OpenAI sign historic deal
-New cryptocurrency exchange-traded fund may be coming soon
-Target shoppers and others struggling with credit card debt
-Inflation will boost barbecue staples this summer
-What sunk Red Lobster?
-An escape from hell takes one life and shakes up the lives of dozens more
NVIDIA Success: The chipmaker surprised Wall Street with a 10-for-1 stock split after stellar quarterly results and improved forecasts solidified its dominance in AI and drove its stock price to an all-time high…Read more here.
video: Why investors think Nvidia can do no wrong.
NVIDIA YTD: +115%
NVIDIA stock price increase year to date: +115% (FOXBusiness.com)
Tech stocks rise: The tech-heavy Nasdaq Composite Index closed at a new record high, helped by a rise in Nvidia that lifted other semiconductor stocks. The S&P 500 closed just shy of its most recent record…Learn more about the market. Retirement accounts reach new highs as U.S. stock market surges…Read more here.
Powerhouse Partnerships: News Corp. and Open AI have signed a historic deal that will shape the future of news…Read more here.
video: News Corp CEO Robert Thompson and OpenAI’s Sam Altman speak candidly about their partnership.
New Cryptocurrency ETF? In a surprising move, the U.S. Securities and Exchange Commission laid the groundwork for a future Ethereum exchange-traded fund (ETF) to join its sister currency, Bitcoin, which already benefits from an ETF…Read more here.
video: Will an Ethereum ETF rival a Bitcoin ETF?
Live cryptocurrency prices: HERE
Get the most out of it: Inflation is beating Target to a halt, as evidenced in its latest quarterly report, with the retailer acknowledging that consumers are drowning in maxed-out credit cards. Read more here.
video: Americans are going into increasing debt to survive.
Inflation makes the barbecue hotter: Summer kicks off on Memorial Day, so prepare to pay for some barbecue staples…Read more here.
RIP RED LOBSTER: Red Lobster has officially filed for bankruptcy, ending weeks of speculation. The demise of the iconic seafood chain may have something to do with the value meal diners ate…Read more here.
Horror: Severe turbulence on board a Singapore Airlines flight left one person dead and dozens unconscious.Read more here.
video: Passengers recount their hellish flight.
Florida wins: A new report from U.S. News & World magazine says the Sunshine State’s cities are the best places to live…Read more here.
do not miss it: FOX Business Rundown Podcast – Check out other podcasts here.
The first episode will be released on May 20th. (Fox Business)
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