Six-figure earners are ‘living the illusion of affluence’ while working side hustles, skipping meals and pretending Venmo’s not working

The cryptocurrency market has experienced a severe downturn, with the Fear and Greed index reflecting extreme fear at a score of 11 out of 100. Bitcoin's value has plummeted approximately 25% in November, marking its worst monthly performance since the 2022 collapse. This significant decline has raised alarms about the stability of Wall Street, as the volatility in crypto markets spills over into traditional financial sectors.

More than half of U.S. homes have experienced a decline in value over the past year, marking a significant shift in the housing market after years of rising prices. This trend indicates a normalization rather than a crash, as most homeowners still retain considerable equity in their properties.

Wall Street is experiencing a significant stock market reversal, with Bitcoin's recent downturn being identified as a potential catalyst for investors selling off their stock holdings. The cryptocurrency has seen a sharp decline, contributing to a volatile market environment.

Nvidia CEO Jensen Huang expressed concerns about the company's position amid discussions of an AI bubble, stating that the market did not recognize the company's strong quarterly performance. Huang's comments were revealed in a leaked meeting, highlighting the challenges Nvidia faces despite its recent successes.

Lovable, a Swedish AI coding startup, has doubled its annual revenue to $200 million in just four months. The company is focusing on enhancing its product features to better serve enterprise customers, as stated by CEO Anton Osika.

Nvidia's investors reacted negatively to the company's strong earnings report, leading to a selloff despite the positive financial results. This occurred as broader market sentiment shifted towards expectations of a potential Federal Reserve rate cut, causing a disconnect between Nvidia's performance and investor behavior.

The CEO of USA Rare Earth discussed how the issue of rare earth materials has become a significant bipartisan topic in the U.S. government. This shift highlights the growing importance of securing a domestic supply chain for these critical materials, which are essential for various technologies and industries.

The Congressional Budget Office (CBO) has revised its projection for deficit reduction over the next 11 years to $2.5 trillion, down from $3.3 trillion estimated in August. This adjustment is attributed to former President Trump's recent retreats on tariffs, which have already eliminated an expected $800 billion in deficit reduction.