Author: Vorkast

ABB is investing $200 million across Europe to expand medium-voltage manufacturing capacity and accelerate deployment of next-generation grid technologies as utilities, industries, and data centers ramp up electricity demand. The Swiss electrification and automation giant said Monday the three-year investment program will increase production of critical power distribution technologies, including SF?-free switchgear, grid automation products,…

Car sales in China fell by 21.5% in April, driven by lower demand for gasoline-powered vehicles amid higher fuel prices. EV demand failed to offset the drop in internal combustion engine vehicle sales, as well. According to data cited by Bloomberg, total car sales in China last month hit 1.4 million. This was the lowest…

Erasca, Inc. (NASDAQ:ERAS) is one of the best performing healthcare stocks so far in 2026. The Fly reported on May 4 that JPMorgan is maintaining an Overweight rating on Erasca, Inc. (NASDAQ:ERAS) and recommends buying the stock at current levels. The firm believes that the stock boasts several catalysts over the coming months and believes…

Veradermics, Incorporated (NYSE:MANE) is one of the best performing healthcare stocks so far in 2026. On April 27, Citi lifted the price target on Veradermics, Incorporated (NYSE:MANE) to $120 from $85, reaffirming a Buy rating on the shares. The rating update came after the company announced positive topline results from Part A of its Phase…

Last month, we reported that over $1 billion in “perfectly timed” wagers, spanning both traditional oil futures and digital prediction markets, accurately anticipated major military and diplomatic shifts linked to developments in the Iran-US war minutes before they were publicly announced, raising major suspicion of insider trading. Many suspicious accounts were newly created and only…

US stock futures traded flat on Monday after Wall Street wrapped up another strong week, while oil prices climbed as President Trump dismissed Iran’s latest proposal aimed at ending the ongoing conflict. Contracts on the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F) and the Nasdaq 100 (NQ=F) were all little changed aftrer Wall…

By Echo Wang May 10 (Reuters) – Cerebras Systems is set to raise the size and price of its initial public offering as soon as Monday, as demand for the artificial intelligence ‌chipmaker’s shares continues to climb, two people familiar with the matter told Reuters on Sunday. The ‌company is considering a new IPO price…

Last October, NuScale Power (NYSE: SMR) stock hit an all-time high of about $57 a share. At that price, it carried a market cap of roughly $17 billion, despite generating only about $30 million in revenue through the first nine months of 2025. At that premium, it was trading at about 270 times sales —…

The last tankers out of the Persian Gulf are reaching their destinations. Strategic reserves are being drained to make up for lost Middle East supply and keep a lid on prices. But there is a problem with this: an emergency response to a crisis is by definition unsustainable. Analysts and energy industry executives are warning…

Oklo Inc. (NYSE:OKLO) is one of the Unstoppable Stocks to Buy in 2026. On April 27, Tigress Financial Partners initiated coverage of the company’s stock with a “Buy” rating and a price objective of $130. The analyst noted the company’s own-and-operate business model, while highlighting that Aurora remains at the core of the model, which connects to nuclear…