Wall Street ends lower as yields climb; crypto stocks drop

Wall Street ends lower as yields climb; crypto stocks drop

The crypto market has lost more than US$1 trillion in value since hitting a record of around US$4.3 trillion, according to CoinGecko [NEW YORK] US stocks closed modestly lower on Monday (Dec 1), weighed down by a jump in Treasury yields and economic data that showed tariffs remained a drag on the manufacturing sector, as…

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European shares kick off December on negative note; Airbus slides

European shares kick off December on negative note; Airbus slides

[BENGALURU] European shares ended lower on Monday (Dec 1), with defence and Airbus-led industrial stocks weighing heavily on the main index, kicking off the new month on a cautious note following November’s gains. The pan-European Stoxx 600 was 0.2 per cent lower to 575.27 points at close, after logging its fifth consecutive month of gains…

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Drivers stop short of buying new cars as prices reach a whopping $50K: ‘How can I afford this?’

Drivers stop short of buying new cars as prices reach a whopping K: ‘How can I afford this?’

Americans are finally slamming the brakes on car purchases as the cost of a new ride blasts past $50,000 — leading to canceled sales and mounting delinquencies while consumers face ongoing economic uncertainty. The breaking point came in September, when the average transaction price for a new car crossed $50,080, according to estimates from Kelley…

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Score rare deals on Birkenstocks during Cyber Monday

Score rare deals on Birkenstocks during Cyber Monday

Page Six may be compensated and/or receive an affiliate commission if you click or buy through our links. Featured pricing is subject to change. Buckle up, these deals won’t last long. With Cyber Monday here, it’s a great time to stock up on name-brand shoes — including bestselling Birkenstocks. While the A-lister-approved shoes hardly every go…

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Nvidia takes US$2 billion stake in Synopsys as AI deal spree accelerates

Nvidia takes US billion stake in Synopsys as AI deal spree accelerates

The deal adds to Nvidia’s slew of new partnerships in the artificial intelligence ecosystem [SANTA CLARA, California] Nvidia has invested US$2 billion in chip design software maker Synopsys as part of an expanded multi-year tie-up to jointly develop new tools for designing products across industries using its AI technology. The deal, unveiled by the companies…

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Schneider Electric looks to digitalisation, new partners to tackle rapid electrification

Schneider Electric looks to digitalisation, new partners to tackle rapid electrification

[SINGAPORE] Electricity demand’s unprecedented growth is coming from both technology and sectors undergoing electrification through digitalisation. From buildings requiring more air-conditioning amid global warming to technology such as electric vehicles and artificial intelligence (AI), today’s demand is a big jump for a world which, for many years, needed electricity only for about 20 per cent…

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