Confidence near all-time lows; Nvidia loses $US1.3tr in value; art auctions boom

Wednesday 11 November 2026

Consumer confidence hits near-record lows, pointing to a sharp economic slowdown.

• The Jensen Huang affair has contributed to chipmaker Nvidia losing about $US1.3 trillion in value since the beginning of last month
• The drop in house prices now matches the worst in 40 years
• Qantas set to outsource 850 white collar jobs
• While most of us struggle with the cost-of-living crisis, it's a boom time for the art auction houses

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