Patrice -- I don't know if you are using a Bridgeport-pattern mill or a mill-drill. IMHO, having owned & operated both, neither mill will do full-depth cuts in 1/2" stainless with a carbide end mill because the end mill isn't stiff enough. I would recommend making light passes (.1" or less) instead of trying to plow through the whole thing all at once.
The way the bit failed looks like you're either re-cutting chip, or you had bad chatter. In stainless, recutting chips is a problem because they work-harden as they are cut, which is brutal on the cutting edges. Chatter is very bad for any end mill, doubly so for carbide because it's so brittle. Some chatter can be cured by using a stiff setup, keeping the quill as far up as possible, gripping the cutter higher up in the collet (no shank showing, but no cutting edges in the collet) using the right speeds and feeds, and changing your depth of cut.
Also, with carbide, you have to be careful about thermal shocking -- an occasional blast of coolant is worse than no coolant at all. As mentioned above, a continuous stream of compressed air will clear the chips and keep the tool cool, but absolutely wear eye & hearing protection when you do this.
Regarding feeds and speeds: it's really worthwhile to get a copy of Machinerys Handbook because they have charts and tables for every possible combination of material and cutting tool metallurgy. They will also have a good discussion of which grade of carbide is appropriate for which material. You might have chosen an inappropriate grade for cutting stainless.
Stainless is difficult to cut because it work hardens if you dally on the cut. It needs low speed, high feed and a constant flow of coolant or cutting oil to keep the cutting edge in normalized material.
WD40 is not a proper cutting oil for anything other than aluminum. I'd suggest visiting your local hardware store and getting a high-sulfur cutting oil from the plumbing department --- it's used for threading black iron pipe. Used liberally on steels, this should help your tool life.