Popular outdoor sports retailer files Chapter 11 bankruptcy

An analyst who previously purchased Palantir shares below $10 has updated their stock price target, reflecting the ongoing momentum in the artificial intelligence sector. This comes as AI technologies continue to gain traction, with businesses increasingly investing in AI solutions to enhance operations and services.

On December 3, Iren, a company transitioning from Bitcoin mining to AI data services, announced the pricing of $3.6 billion in equity and convertible note offerings, including a $2 billion private convertible notes offering. This move marks a significant step in its evolution as an AI infrastructure provider amid a growing demand for data-center capabilities.

AT&T has initiated a lawsuit against T-Mobile, alleging that the latter's recent strategies to attract customers are unfair and aggressive. This legal action highlights the escalating competition in the telecommunications market as companies vie for customer loyalty amidst shifting consumer preferences.

Bank of America has adjusted its forecast for the Federal Reserve's interest rate cuts ahead of the upcoming FOMC meeting, reflecting ongoing concerns about high mortgage rates and housing prices that have sidelined many potential homebuyers. This adjustment comes amid a challenging economic landscape where mortgage rates remain significantly elevated compared to 2021 levels.

Tesla is facing significant challenges in the Chinese market, as recent developments indicate a slowdown in demand, contrasting with previous expectations of growth. The company's stock has been negatively impacted as investors reassess the sustainability of its performance in this critical region.

The Russell 2000 index surged nearly 2% on December 3, 2025, following a disappointing jobs report that has reignited speculation about potential interest rate cuts by the Federal Reserve. This increase reflects a positive sentiment in the market as investors react to economic indicators.

Walmart has issued a recall of 201,000 camping stoves following reports of explosions, coinciding with the hunting season when many campers and hunters are purchasing portable gear. The recall highlights safety concerns regarding essential outdoor equipment that is widely used in remote areas.

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.