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Bitcoin prices saw a mild rebound on Tuesday following a steep selloff in the previous session that drove the world’s largest cryptocurrency below $84,000, as digital assets faced a renewed wave of risk aversion at the start of December.   The drop caught traders off guard, coming just days after Bitcoin had recovered from levels near $80,000 late last week.   Bitcoin was last up 0.6% at $87,087.6 as of 01:58 New York time (06:58 GMT), after falling more than 7% below $84,000 on Monday.   Bitcoin slides into December amid fresh wave of panic   Monday’s decline extended the…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Stocks were slightly higher Tuesday, encouraged by a rebound in bitcoin . The cryptocurrency rose 6%, trading back above $90,000. But bitcoin was still down nearly 30% from its October all-time high of just over $126,000. Elsewhere, tech names like Oracle and portfolio holding Nvidia also supported Tuesday’s market after the prior session’s overall declines. 2. Investors “got to go buy Meta right now,” said Jim Cramer on Tuesday, as the stock traded almost…

Gold prices declined in European trading on Tuesday for the first time in three sessions, pulling back from their six-week high as corrective moves and profit-taking picked up, alongside pressure from a recovering US dollar against a basket of global currencies.   Despite strong expectations for a US rate cut in December, investors are awaiting several key economic releases from the United States this week, which are likely to guide the Federal Reserve’s policy outlook.   Price overview   • Gold today: Prices fell 0.95% to $4,191.85 from an opening level of $4,231.75, after touching an intraday high of $4,236.02.…

State Bank of Pakistan (SBP) Governor Jameel Ahmad on Tuesday reaffirmed the central bank’s commitment to developing a “robust and inclusive” digital payments ecosystem, stressing the need for a regulatory framework that encourages innovation, competition and consumer protection. He passed these remarks while addressing the launch ceremony of the new co-badged card introduced by Faysal Bank Limited in collaboration with Mastercard and Pakistan’s national payment scheme, PayPak, according to a statement from the SBP. Co-badging refers to the practice of including more than one payment brand (or “badge”) on a single payment card (debit, credit, or prepaid card). The State…

My top 10 things to watch Tuesday, Dec. 2 1. Stocks were headed for a higher open this morning, supported by tech and AI-linked names. Club holdings Broadcom and Nvidia were both up. Investors are also looking ahead to next week’s Fed meeting, with the market pricing in 87% odds of a 25-basis-point interest rate cut, according to the CME FedWatch tool. It would be the third rate cut this year. 2. OpenAI CEO Sam Altman issued a “code red” to improve ChatGPT, according to an internal memo viewed by The Wall Street Journal . Other products will be delayed. The memo…

Gold prices declined in European trading on Tuesday for the first time in three sessions, pulling back from their six-week high as corrective moves and profit-taking picked up, alongside pressure from a recovering US dollar against a basket of global currencies.   Despite strong expectations for a US rate cut in December, investors are awaiting several key economic releases from the United States this week, which are likely to guide the Federal Reserve’s policy outlook.   Price overview   • Gold today: Prices fell 0.95% to $4,191.85 from an opening level of $4,231.75, after touching an intraday high of $4,236.02.…

The YKJ-1000 has been nicknamed the “cement-coated” missile for its use of civilian-grade materials such as foamed concrete in its heat-resistant coating.According to slides widely circulated online, the unit production cost of this missile, already in mass production after successful combat trials, may be as low as 700,000 yuan (around US$99,000).A single SM-6 naval interceptor costs about US$4.1 million, over 40 times the price of one YKJ-1000.Meanwhile, the THAAD system costs US$12-15 million for each interceptor, while the Patriot PAC-3 that Taiwan hopes to buy would cost US$3.7-4.2 million each.This imbalance between low-cost offence and high-cost defence has the potential…

U.S. President Donald Trump’s push for a peace deal to end the war in Ukraine is intensifying. Officials from the U.S., Ukraine and Russia have crisscrossed the globe in recent weeks in a flurry of meetings aimed at negotiating a deal. Here’s a look at the key negotiators in those talks. Steve WitkoffWitkoff is a real estate magnate turned White House foreign policy fixer for the Trump administration. He has been at the forefront of complex negotiations to end the world’s two biggest wars in Gaza and Ukraine from a perch that did not require Senate confirmation. The 68-year-old is…

Crown Prince Mohammed bin Salman’s sweeping effort to modernise Saudi Arabia’s economy draws direct inspiration from the Singapore model pioneered by Lee Kuan Yew, a senior Saudi political adviser has said.Mohammed Khalid Alyahya, an adviser to Saudi Foreign Minister Prince Faisal bin Farhan, described the late Singaporean leader’s pragmatic and results-driven governance as a template for Riyadh’s ambitions.“We have studied [Singapore] for 50 years – the way the country has invested in education, housing and skills, and how it climbs the technology ladder decade after decade,” Alyahya told an audience on Monday at the S R Nathan Distinguished Lecture hosted…

The idea of launching a large-scale emergency rescue mission in space – involving thousands of engineers, scientists and government personnel in a matter of days – has been the stuff of movies.Films have dramatised such events as clock-ticking scenarios but in reality, even the most seasoned spacefaring nations have needed months to respond to in-orbit crises.Within just 20 days, Chinese engineers diagnosed the threat, returned the Shenzhou-20 crew safely to Earth aboard the Shenzhou-21 spacecraft and launched the uncrewed Shenzhou-22 capsule to provide a new safe return vehicle for the remaining crew. China launches Shenzhou-22 for first emergency missionChina launches…