Nvidia’s run, IRS loophole in sight and McDonald’s economy menu

June 22, 2024

Jack Otter, moderator of the “Barron’s Roundtable,” and his guests explain what investors should pay attention to in the market.

US consumers, including Olive Garden customers, are also showing signs of stress.

Stock prices are at record levels but end the week with little change.

Nvidia, Microsoft and Apple are the new trillion dollar trio.

The Winklevoss twins give former President Trump a Bitcoin boost.

IRS wants to close popular legal loophole.

Electric car manufacturer goes bankrupt.

Unveiling of the grand McDonald’s menu.

In one state, Pizza Hut stores were abruptly closed.

Rite Aid closes more stores as part of Chapter 11 bankruptcy.

Tupperware’s problems continue.

Consumer distress?: Several signals this week suggest that consumers are under pressure, including a key spending report…Read more here. And Olive Garden is also feeling the pressure…Read more here.

FOX BUSINESS EXCLUSIVE: John Williams, President of the New York Federal Reserve, on the economy and the election.

STOCK SHARES: The S&P 500 and Nasdaq Composite set new records but ended the week almost unchanged, as did the Dow Jones Industrial Average…More about the markets.

VIDEO: How to invest despite ongoing inflation.

TRIO TRILLIONS: Nvidia has overtaken Microsoft as the largest company in the world, but the two, along with Apple, remain neck and neck…Read more here. In addition, a large tech ETF was rebalanced on Friday, giving Nvidia a more prominent position…Read more here. Apple shares celebrated a new record high…more about Nvidia.

VIDEO: Why Nvidia’s huge stock price rise will continue for a long time to come.

THE ETF REPORT: KEY INSIGHTS

TWICE AS BEAUTIFUL: Bitcoin advocates Cameron Winklevoss and Tyler Winklevoss endorsed former President Trump and the twins gifted him an unexpected Bitcoin win for his campaign…Read more here.

LIVE CRYPTOCURRENCIES PRICES: HERE

HEADS UP: The IRS is trying to close a legal loophole popular with the wealthy…Read more here.

COME INTO THE SLINGSHOT: This electric car maker is facing bankruptcy because it is running out of money…Continue reading.

MEAL DISCOVERY: The highly anticipated McDonald’s menu will be launched next week…Read more here.

PROBLEMS: More than a dozen Pizza Hut restaurants in a Midwestern state were forced to close suddenly earlier this month…Read more here.

REST IN PEACE: Rite Aid is in the midst of bankruptcy and will close more stores…Read more here.

END OF AN ERA: Tupperware was once a staple in every US kitchen, but is now in trouble and will close its last factory in the US…Read more here.

DO NOT MISS: The FOX Business Rundown Podcast – more podcasts here.