The data-center provider's terrible six-week slide picked up speed when a famous short seller piled concerns on top of delays. ...

Core Viewpoint - Oil prices declined due to increased expectations for a potential peace deal between Russia and Ukraine, which could lead to the lifting of U.S. sanctions on Russian oil companies [1] Group 1 - The prospect of a Russia-Ukraine peace deal has positively influenced market sentiment regarding oil prices [1] - Expectations for an end to U.S. sanctions on Russian oil companies have risen, contributing to the decline in oil prices [1]

Gold was little changed in the early Asian session ahead of the U.S. November employment report due out later today. ...

Core Insights - The car maker has announced a significant write-down of $19.5 billion on its electric-vehicle business, indicating substantial financial challenges within this segment [1] Company Summary - The write-down reflects the company's struggles in the electric vehicle market, which may impact future investments and strategic direction [1] Industry Summary - This event highlights broader challenges in the electric vehicle industry, potentially signaling a need for reevaluation of business models and market strategies among competitors [1]

Core Viewpoint - James Dempsey has been appointed as the interim chief executive officer effective immediately [1] Company Summary - The company has made a leadership change with the appointment of James Dempsey as interim CEO [1]

Core Viewpoint - The payments company has initiated the process to establish PayPal Bank by filing applications with the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp [1] Company Summary - The company is taking steps to expand its financial services by seeking to create a banking entity [1]

A slump in Broadcom and other AI-related stocks weighed on the tech-heavy Nasdaq composite. ...

Core Insights - The automaker plans to add 1,500 jobs for a third shift at the Windsor Assembly Plant to meet anticipated demand for Dodge Chargers and Chrysler minivans [1] Company Summary - The addition of 1,500 jobs indicates a significant investment in workforce expansion to support production [1] - The third shift is expected to launch early next year, reflecting the company's proactive approach to increasing output in response to market demand [1] Industry Summary - The move to increase production capacity aligns with trends in the automotive industry, where demand for specific vehicle models, such as minivans and performance cars, is on the rise [1] - This expansion may also signal a recovery or growth phase within the automotive sector, as companies adapt to changing consumer preferences [1]

The sum is among the largest impairments taken by a company and marks the U.S. auto industry's biggest reckoning to date that it can't realize its electric-vehicle ambitions anytime soon. ...

Core Viewpoint - The company plans to divest its Luminar Semiconductors subsidiary to Quantum Computing for a total consideration of $110 million [1] Group 1 - The sale of Luminar Semiconductors is part of the company's strategic focus on core operations [1] - The transaction is valued at $110 million, indicating a significant move in the company's portfolio management [1]