55-year-old iconic candle company closing stores, layoffs pending

AARP has highlighted significant concerns regarding the long-term financial viability of Social Security, warning that retirees could face a 23% reduction in monthly payments within the next decade if no legislative action is taken. This warning underscores the precarious state of the Social Security trust funds, which are crucial for millions of Americans relying on these payments in retirement.

Stanley Druckenmiller has made a strategic investment in an under-the-radar AI power company, highlighting the increasing demand for energy solutions to support the growing artificial intelligence sector. This move comes as the industry faces challenges related to energy consumption and sustainability in AI operations.

A major trucking company serving the US Postal Service has ceased operations amid ongoing challenges in the trucking industry, which has faced a significant downturn over the past three years due to reduced shipping demand, lower freight rates, and rising operational costs. Long-haul truckload demand has dropped by 25% in the first part of this year.

Marvell, a key producer of custom AI accelerators for major tech firms like Amazon and Microsoft, experienced a decline in stock value following its earnings report. However, management's subsequent commentary on anticipated growth in the AI sector has sparked renewed interest among investors.

Southwest Airlines has announced the permanent cancellation of several daily flights as part of a significant overhaul of its business model, which includes ending its free checked baggage policy and introducing charges for extra seats when necessary.

Nearly 100 supporters gathered outside a New York courthouse on December 1 to show their support for Luigi Mangione, 27, who is facing charges related to the killing of the UnitedHealth CEO. Some attendees dressed as the Super Mario character Luigi, highlighting the controversial nature of the case that continues to spark public interest one year later.

In 2025, Netflix faced backlash from subscribers after the removal of a popular feature, coinciding with a price increase following the addition of 18.9 million new subscribers in the last quarter of 2024. This decision has left many users frustrated as they grapple with rising costs and diminishing service options.

On December 2, 2025, the stock market saw a rebound led by MongoDB and Boeing, with American Eagle, CrowdStrike, and Marvell also reporting their earnings. This live blog from TheStreet provides continuous updates on market movements and investor sentiment throughout the day.