‘Dr. Doom’ Nouriel Roubini breaks with the crowd on the AI bubble, saying the U.S. is headed for a ‘growth recession’ and not a market crash

Nvidia has expressed concern over Google's recent resurgence in the AI sector, prompting the company to post a defensive message on social media platform X. This reaction suggests a level of anxiety within Nvidia regarding its competitive position in the rapidly evolving AI landscape.

Syfe's CEO emphasized the critical need for fintech founders to prioritize building trust within the sector to fully realize its potential in managing and moving global finances. The statement highlights the ongoing debate about the role of trust in the fintech industry's growth and acceptance.

This Thanksgiving season is projected to be the busiest in 15 years, with 73 million Americans expected to travel by car and nearly 18 million passing through TSA checkpoints. This surge in travel is influenced by factors such as the recent government shutdown, which has impacted consumer confidence and spending habits.

The global green transition faces a significant funding gap, particularly impacting emerging markets that struggle to access global capital. This situation highlights the need for attention towards small- and medium-sized players in the green sector, who often lack the resources to compete with larger entities.

A top economist has warned that the ongoing affordability crisis will persist as tariffs and a crackdown on immigration contribute to rising inflation, which is currently near 3%, exceeding the Federal Reserve's target. This situation indicates a troubling economic outlook, with expectations of further inflationary pressures ahead.

Elon Musk's cryptocurrency initiative, DOGE, which he previously described as 'the chainsaw for bureaucracy,' has reportedly ceased to exist ahead of schedule. Despite its disappearance, the underlying principles of DOGE, such as deregulation and efficiency, continue to resonate within the market.

Many six-figure earners are grappling with the disparity between their perceived affluence and the reality of their financial situations, often resorting to side hustles, skipping meals, and avoiding expenses to maintain an image of success. This phenomenon highlights the sacrifices made behind the facade of wealth.

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.