Core Viewpoint - Tesla is facing regulatory challenges in California regarding its robotaxi service, which limits its ability to operate autonomous vehicles for passenger transport on public roads [1][2][4]. Regulatory Environment - The California Public Utilities Commission (CPUC) has stated that Tesla is not authorized to transport the public in autonomous vehicles, requiring a human driver at all times [2]. - Tesla can operate a private car service with human drivers under a charter-party carrier permit, similar to limousine services, but this service must not involve autonomous vehicles [3][4]. Current Operations - Tesla is testing its robotaxi service in Austin, Texas, using Model Y SUVs equipped with the latest automated driving technology, but the service is limited to daylight hours and good weather conditions [5]. - The Austin robotaxi service is remotely supervised by Tesla employees and includes a human safety supervisor in the front passenger seat, currently limited to invited users under an "early access program" [6].

Core Insights - Klotho Neurosciences, Inc. is pursuing the acquisition of technologies to enhance brain function, muscle strength, bone health, and other longevity indicators [1] - The company aims to expand its focus beyond neurodegenerative diseases to include complementary technologies that support its anti-aging Klotho platform [2] - Klotho gene is linked to aging and longevity, with its levels declining with age, contributing to various age-related disorders [3] Company Developments - Klotho has initiated the manufacturing and development of its products KLTO-101 and KLTO-202, while also exploring additional treatments for healthy aging [3] - The company is assembling a team of experts to identify key longevity indicators, including evaluating specific genes and proteins related to aging [4] - Klotho's mission is to develop assets that can delay the onset of age-related diseases affecting various organs [4] Business Focus - Klotho Neurosciences specializes in biogenetics, focusing on innovative cell and gene therapies derived from the human Klotho gene to treat neurodegenerative and age-related disorders [4] - The company's portfolio includes proprietary cell and gene therapy programs utilizing DNA and RNA as therapeutics, along with genomics-based diagnostic assays [4]

The opening at a New York Luckin Photo: Richard B. Levine/Zuma PressLuckin Coffee could have opened its first stores anywhere in America. China’s biggest coffee chain chose a New York City spot less than 200 feet from a Starbucks.From there, Luckin is serving up coffee drinks from a flat white to a raspberry cold brew, really fast, ordered on its mobile app whose coupons may be as addictive as caffeine.  ...

Core Viewpoint - Bolt Metals Corp. has entered into debt settlement agreements to resolve outstanding debts totaling CAD $117,535 by issuing 11,753,500 common shares at a deemed price of CAD $0.01 per share, aiming to preserve cash for working capital [1][2]. Group 1: Debt Settlement Details - The total outstanding debt being settled is CAD $117,535 [1]. - The company will issue 11,753,500 common shares at a price of CAD $0.01 per share as part of the settlement [1]. - All shares issued will be subject to a hold period of four months and one day [1]. Group 2: Company Strategy - The board of directors believes that completing the debt settlement is in the best interests of the company to preserve cash for working capital [2]. - The company focuses on the development of quality precious and base metal properties with high-upside and expansion potential [4]. Group 3: Company Overview - Bolt Metals Corp. is based in Vancouver, BC, and is involved in mineral acquisition and exploration [4]. - The company has strategic properties including Soap Gulch, a copper SEDEX project in Montana, and Switchback, a copper-silver project in British Columbia [4]. - Bolt trades on multiple exchanges, including the CSE under the symbol BOLT and the OTCQB under the symbol PCRCF [4].

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now Meta has appointed Shengjia Zhao, a former OpenAI researcher and co‑creator of GPT‑4, as the Chief Scientist of its newly created Meta Superintelligence Labs (MSL). The announcement was made Friday by Mark Zuckerberg on Threads, noting Zhao will lead the lab’s scientific agenda alongside him and Alexandr Wang, the former CEO of Scale AI who Meta recentl ...

Core Insights - Northeast Community Bancorp (NECB) reported Q2 2025 earnings with diluted EPS of $0.82, exceeding analyst estimates of $0.79, while revenue of $25.93 million fell short of expectations by $0.028 million [1][5] - The company faced challenges with declining income and returns on assets and equity compared to the same quarter last year, but maintained a focus on asset quality and funding diversification [1][5] Financial Performance - Diluted EPS (GAAP) for Q2 2025 was $0.82, down 15.5% from $0.97 in Q2 2024 [2] - Revenue (GAAP) decreased by 1.1% year-over-year, from $26.2 million in Q2 2024 to $25.93 million in Q2 2025 [2] - Net interest margin fell to 5.35% from 5.79%, reflecting a decrease in yields on interest-earning assets [2][6] - Return on average total assets dropped to 2.27% from 2.70% year-over-year [2][7] - Efficiency ratio worsened to 40.52% from 35.24%, indicating rising operating expenses [2][8] Business Focus - NECB specializes in construction lending, primarily in high-demand markets in New York and Massachusetts, maintaining strong relationships with developers [3][4] - The bank's performance relies on effective lending strategies, disciplined funding, and compliance with regulatory standards [4] Recent Developments - Non-interest income increased by 17.4%, driven by higher loan fees and favorable market valuations of equity securities, while non-interest expenses rose by 10.6% [6] - Construction loan originations totaled $338.8 million in the first half of 2025, although the total construction portfolio shrank by $102.7 million due to repayments [7] - Deposit mix shifted, with a decline in certificates of deposit by $251.5 million and an increase in money market accounts by $56.4 million [8] Future Outlook - Management highlighted ongoing efforts to grow construction and cooperative building lending segments, with over $636 million in outstanding unfunded commitments as of June 30, 2025 [10] - Investors should monitor trends in deposit flows, funding costs, and construction lending performance moving forward [11]

Core Insights - AutoNation reported strong Q2 FY2025 results with adjusted earnings per share of $5.46, exceeding analyst estimates of $4.70, while revenue reached $7.0 billion, surpassing the forecast of $6.85 billion [1][2] - The company is focusing on diversifying its revenue streams, particularly in After-Sales and Customer Financial Services, to mitigate reliance on new vehicle sales [4][9] - Despite revenue growth, GAAP net income and earnings per share declined due to significant non-cash asset impairment charges [1][8] Financial Performance - Adjusted EPS (Non-GAAP) was $5.46, a 37% increase year-over-year from $3.99 [2] - GAAP EPS fell to $2.26, down 29% from $3.20 in Q2 2024 [2] - Revenue increased by 8% year-over-year, driven by new vehicles, used vehicles, and After-Sales [5] - Gross profit reached $1.28 billion, a 10% increase from the previous year, with a gross margin percentage of 18.3% [2][7] Business Model and Strategy - AutoNation operates a diverse business model, including new and used vehicle sales, parts and service, and finance and insurance products [3] - The company has prioritized After-Sales and Customer Financial Services, which together contributed 75.7% of the gross profit mix [4][9] - Digital retailing initiatives are ongoing, allowing customers to complete more steps of the buying process online [9] Segment Performance - Domestic segment income increased by 83% to $92 million, while Import and Premium Luxury segments saw income increases of 23% to $133 million and 27% to $180 million, respectively [6] - Customer Financial Services revenue rose by 13%, and After-Sales revenue climbed by 12% [5] Operational Efficiency - SG&A expenses as a percentage of adjusted gross profit improved to 66.2% from 67.3% year-over-year [10] - The company completed its first asset-backed securitization for $700 million, enhancing its liquidity position [11] Future Outlook - Management did not provide formal guidance for the next quarter but expressed confidence in cash flow generation and capital deployment [12]

Silver Market Insights - Silver has recently reached a price of $39.06 per ounce, marking a 20% increase since early May, while gold has only increased by less than 5% during the same period [2] - The gold-to-silver ratio, which averaged around 60:1 from 2000 to 2020, is currently at 86 and falling, indicating a bullish outlook for silver [4][3] - The global silver market is experiencing a deficit of approximately 117 million ounces in 2024, continuing a trend of undersupply for five consecutive years [7] - Silver's role in the clean energy transition, particularly in solar panel production and electrification, is driving demand, while its price remains historically low [8] - Technically, silver has achieved a 14-year high with strong trading volume, suggesting potential for further gains towards the 2012 peak of $48, representing a 23% increase from current levels [9] The Metals Company (TMC) - TMC has seen a significant stock increase of 268% in less than two months, driven by its focus on polymetallic nodules rich in critical metals essential for clean energy [12][14] - TMC benefits from government backing and has a first-mover advantage with its fully filed ISA exploitation application and U.S. permit request [15] - The strategic investment of $85.2 million from Korea Zinc Co. enhances TMC's operational capabilities and reduces risks associated with downstream operations [18] Amazon's Market Position - Amazon is facing challenges due to its reliance on Chinese goods, with up to 70% of its products sourced from China, making it vulnerable to tariffs [23] - The cloud service division of Amazon has missed analyst expectations for three consecutive quarters, prompting significant capital investment from CEO Jeff Bezos [24] - A recommendation has been made to sell Amazon and consider investing in a lesser-known online retailer projected to be significantly more profitable by 2027 [25]

Core Points - A class action has been filed against Flywire Corporation on behalf of investors who acquired its securities between February 28, 2024, and February 25, 2025 [1] - Allegations include that Flywire misled investors about the sustainability of its revenue growth and downplayed the negative impact of permit and visa-related restrictions on its business [2] - On February 25, 2025, Flywire announced disappointing financial results for Q4 and FY 2024, expecting revenue declines of over 30% year-over-year in Canadian and Australian markets due to policy changes and new visa rules [3] Company Performance - Flywire's stock price fell by $6.59 per share, or 37.36%, closing at $11.05 per share on February 26, 2025, following the announcement of poor financial results and subsequent analyst downgrades [3] Legal Proceedings - Shareholders may be eligible to participate in the class action against Flywire, with options to serve as lead plaintiff or remain an absent class member [4]

Luxury conglomerate LVMH is reportedly looking to sell fashion brand Marc Jacobs for about $1 billion.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.LVMH is discussing deals with multiple parties and could reach a ...