Google, xAI, and other tech companies aren't wasting any time distancing themselves from Scale AI. Just hours after Meta announced a massive $14.3 billion investment in the data labeling startup, Google halted multiple projects with the company, according to internal correspondence obtained by Business Insider. Google had already been winding down its work with Scale AI, two contractors working on its projects told BI.OpenAI and Elon Musk's xAI have paused some Scale AI projects, too, Scale AI contractors ...

Core Points - Rosen Law Firm is reminding investors who purchased Civitas Resources, Inc. securities between February 27, 2024, and February 24, 2025, of the July 1, 2025, lead plaintiff deadline for a class action lawsuit [1][2] - The lawsuit alleges that Civitas made materially false and misleading statements regarding its oil production and financial condition, which led to investor damages when the truth was revealed [3] Company Details - Civitas Resources is facing allegations that it is likely to significantly reduce its oil production in 2025 due to declines following a production peak in the DJ Basin in Q4 2024 and low TIL count at the end of 2024 [3] - The company may need to acquire additional acreage and development locations to increase oil production, which could incur significant debt and require asset sales [3] - Civitas' financial condition may necessitate disruptive cost-reduction measures, including a significant workforce reduction, which could impact its business and operational capabilities [3]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company is focused on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - Automation and software tools, including generative AI, are used, but all content is edited and authored by humans [5]

Group 1 - 1CM Inc. has received court approval for its arrangement with SNDL Inc., which includes the acquisition of 32 cannabis retail stores operating under the Cost Cannabis and T Cannabis brands in Ontario, Alberta, and Saskatchewan [1] - The completion of the arrangement is subject to certain closing conditions, including regulatory approvals, and is expected to be finalized in the third quarter of 2025 [2] - 1CM Inc. is a retailer of cannabis and liquor in Canada, known for developing cash-flow positive locations, and plans to continue expanding through organic growth and future mergers and acquisitions after the arrangement [3]

Core Viewpoint - Anywhere Real Estate Inc. has announced a private offering of $500 million in senior secured second lien notes with a 9.750% interest rate, due in 2030, to be used primarily for repurchasing existing debt and repaying borrowings under its revolving credit facility [1][3]. Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of 9.750% senior secured second lien notes due 2030, priced at an issue price of 100.00% [1]. - The notes will be guaranteed on an unsecured senior subordinated basis by the Company and on a senior secured second priority lien basis by Anywhere Intermediate Holdings LLC and certain subsidiaries [2]. - The closing of the offering is expected to occur on June 26, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repurchase the Company's 0.25% exchangeable senior notes due 2026 and to repay a portion of outstanding borrowings under the Revolving Credit Facility [3]. Group 3: Regulatory Information - The notes and related guarantees will not be registered under the Securities Act and will be offered only to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S [4].

Shares of robotics giant Symbotic (SYM 15.05%) rallied about 16% on Wednesday as of 3 p.m. EDT.There wasn't much in the way of company-specific news today; however, a comment from Amazon (AMZN -0.94%) CEO Andy Jassy may have made investors more bullish on the future of warehouse automation and robotics. Considering Symbotic's leadership in the space and low public float, the stock made a dramatic move higher on the news.AI is going to replace jobs: JassyToday, Amazon CEO Andy Jassy wrote a memo to employees ...

Group 1: Kohl's Corporation - Kohl's continues to experience revenue declines in apparel, footwear, and legacy homes despite sales gains from in-store initiatives like Sephora and Home Décor [2] - Structural risks to Kohl's store footprint are significant, with adjusted debt/EBITDAR ending 2023 at 3.6x, above the company's target of ~2.5x, and projected leverage may exceed 4x through 2024–26 [3] - Analyst forecasts fiscal year 2025 EPS at 56 cents and fiscal year 2026 EPS at 53 cents, both above Street estimates, while maintaining an Underweight rating with a price forecast of $8 [4] Group 2: Vail Resorts, Inc. - Vail Resorts may be nearing a turning point in revenue and earnings, aided by the return of former CEO Katz and unique growth drivers [5] - Key advantages include a premium resort portfolio, upfront revenue from the Epic Pass strategy, and a resilient customer base of high-income, frequent skiers [5] - Projected fiscal year 2025 adjusted EBITDA is $866 million and fiscal year 2026 at $908 million, both slightly above Street estimates, with a Neutral rating and price forecast of $167 [6] Group 3: Foot Locker, Inc. - Foot Locker faces challenges from inconsistent same-store sales, increased promotions, and brand allocation changes, particularly with Nike [7] - Dick's Sporting Goods aims to revamp Foot Locker through a $2.4 billion acquisition to create a larger global retail sports platform and enhance omni-channel capabilities [7] - Analyst models fiscal year 2025 EPS for Foot Locker at $1.10, ahead of the Street's $1.00, with a projected rise to $1.65 for fiscal year 2026, maintaining a Neutral rating and price forecast of $24 [8]

Group 1 - The article discusses the performance of the AMLP ETF, which experienced a decline due to Liberation Day, but the underlying companies have maintained steady operations [1] - The author emphasizes a diverse investment strategy that includes cyclical industries, bonds, commodities, and forex, highlighting the potential for significant returns during economic recovery [1] - The author's background in various industries and international education provides a unique perspective on market dynamics and investment opportunities [1] Group 2 - No relevant content available for this section [2][3]

Self-driving cars are slowly becoming less sci-fi and more real-world as companies like Waymo, the driverless arm of Google's parent Alphabet, expand into more cities. This week, the robotaxi service stretched into more parts of the San Francisco Bay Area and Los Angeles. And starting next month, Waymo will start testing its autonomous tech in New York City. Now, Bay Area riders can hail a fully autonomous Waymo ride in Brisbane, South San Francisco, San Bruno, Millbrae and Burlingame via the Waymo One app, ...

Core Viewpoint - Recent data from CarMax KMX Auto Finance indicates a rise in loan delinquencies and net losses, raising concerns about credit quality in the used auto lender's portfolio [1][4]. Summary by Sections Loan Performance - After two months of stability, loan delinquency and loss rates have worsened, with May showing a sharper increase than typical seasonal trends [2][3]. - The portfolio-level delinquency rate increased by 36 basis points sequentially, exceeding the historical seasonal average of 18 basis points [7]. - Year-over-year, the portfolio-level delinquency rate rose by 16 basis points, contrasting with a trailing three-month trend of a decrease of 2 basis points [8]. Credit Quality Concerns - The cumulative net loss rate increased by 52 basis points year-over-year, consistent with a trailing three-month trend of 48 basis points [8]. - Newer securitizations are not performing better than older vintages, with the delinquency rate for the most recent prime securitization trending higher than older vintages [5][4]. Analyst Insights - Analyst Scott Devitt maintains an Outperform rating on CarMax with a price target of $90, despite the concerns raised by the recent data [1]. - Devitt projects first-quarter revenue of $7.67 billion and earnings per share of $1.23 [10]. - The company is expected to face increased loan loss provisions as it targets lower-tier borrowers to maintain interest margins [6][4]. Market Dynamics - Despite the challenges, the used auto market remains healthy, supported by strong gross profit margins for scaled retailers [9][10]. - CarMax has sustained robust sourcing methods and integrated credit capabilities, which have helped maintain performance amid macroeconomic uncertainties [10].