Nvidia, Nasdaq hit records, inflation lingers as Memorial Day kicks off summer

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Nvidia, Nasdaq hit records, inflation lingers as Memorial Day kicks off summer

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-Nvidia shares soar to yet another all-time high -Stocks steady as the Nasdaq notches a new record, juicing retirement accounts -News Corp. and OpenAI ink historic deal -A new crypto-exchange-traded fund may be coming soon -Target shoppers and others are sinking in credit card debt -Inflation will fire-up your BBQ staples this summer -What sank Red Lobster? -The flight from hell claims one life, rocks dozens moreNVIDIA NAILS IT: The chipmaker wowed Wall Street with a 10-for-1 stock split after stellar quarterly results and an improved forecast cementing its AI dominance and sending the shares to a new all-time high…continue reading here.VIDEO: Why investors think Nvidia can do no wrong. TECHS LIFT STOCKS: The tech-heavy Nasdaq Composite notched a new record close, partly thanks to Nvidia's rise which lifted other semiconductor stocks. The S&P 500 closed just short of its latest record high…more on the markets.continue reading here.POWERHOUSE PARTNERSHIP: News Corp. and Open AI inked a historic deal that will help shape the future of news…continue reading here.VIDEO: News Corp CEO Robert Thompson and OpenAI’s Sam Altman talk straight about the partnership. A NEW CRYPTO ETF?: In a surprise move, the Securities and Exchange Commission laid the groundwork for a future Ethereum exchange traded fund joining its sister currency Bitcoin, which is already benefiting from ETFs…continue reading here.VIDEO: Will a possible Ethereum ETF rival Bitcoin's? LIVE PRICES FOR CRYPTOCURRENCIES: HEREMAXED TO THE HILT: Inflation is trashing Target, as evidenced in its latest quarterly report. The retailer acknowledged consumers are drowning in maxed out credit cards. continue reading here.VIDEO: Americans are taking on more debt to make ends meet. INFLATION HEATS UP BBQs: With Memorial Day kicking off the start of summer, expect to pay up for your grilling staples…continue reading here.RIP RED LOBSTER: Red Lobster officially filed for bankruptcy, ending weeks of speculation. The iconic seafood chain’s demise may be linked to its generous value deal that diners chowed down on…continue reading here.HORROR: Severe turbulence aboard a Singapore Airlines flight left one dead and dozens of others reeling…continue reading here.VIDEO: Passengers recount the flight from hell.  FLORIDA WINS: A city in the Sunshine State is the best place to live, according to a new report from U.S. News & World…continue reading here.DON'T MISS IT: The FOX Business Rundown Podcast - more podcasts here.UP NEXT:-Looking for more business and market-moving headlines? Find more from FOX Business here.-Want live updates? Get the FOX Business app here.-Did someone forward you this email? Subscribe to additional newsletters from Fox News and FOX Business here.

Source: https://www.foxbusiness.com/markets/nvi ... off-summer
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