Confidence near all-time lows; Nvidia loses $US1.3tr in value; art auctions boom
FEAR & GREED | Business News

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

B2Upper-intermediateNovember 10, 202617 min
  • Business & money

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 Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here. And...

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Today, consumer confidence hits near record lows, pointing to a sharp economic slowdown.

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0:00

Welcome to Fear and Grie, business news you can use. Today, consumer confidence hits near record lows, pointing to a sharp economic slowdown. The Jensen-Huang affair has contributed to chipmaker Nvidia losing about $1.3 trillion US dollars in value since the beginning of last month.

0:21

And while most of us struggle with the cost of living crisis, it is a boom time for the art auction houses. Plus the drop in house prices now matches the worst in 40 years and Qantas set to outsource 850 white collar jobs.

0:35

It is Wednesday the 11th of November 2026. I'm Michael Thompson and good morning Sean Aylmer. Good morning Michael. The main story this morning Sean, Australian consumer confidence has fallen to levels

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