SAN DIEGO, May 28, 2026 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV) (“NeoVolta” or the “Company”), a U.S.-based energy technology company delivering scalable energy storage solutions, today announced the pricing of a public offering of 12,195,122 shares of its common stock. The shares of common stock are being sold to the public at an offering price of $2.05 per share. The gross proceeds to N...
SAN DIEGO, May 28, 2026 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV) (“NeoVolta” or the “Company”), a U.S.-based energy technology company delivering scalable energy storage solutions, today announced the pricing of a public offering of 12,195,122 shares of its common stock. The shares of common stock are being sold to the public at an offering price of $2.05 per share. The gross proceeds to NeoVolta from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $25.0 million. In addition, NeoVolta has granted the underwriter a 30-day option to purchase up to an additional 1,829,268 shares of its common stock at the public offering price per share, less underwriting discounts and commissions. The offering is expected to close on May 29, 2026, subject to the satisfaction of customary closing conditions. Lake Street Capital Markets, LLC is acting as the sole book-running manager for the offering. The securities are being offered and sold by the Company pursuant to an effective shelf registration statement on Form S-3 (File No. 333-280400) previously filed with the Securities and Exchange Commission (“SEC”) on June 21, 2024, and declared effective by the SEC on June 28, 2024. The offering of such securities is being made only by means of a prospectus supplement and accompanying base prospectus that forms a part of the registration statement. A preliminary prospectus supplement and accompanying base prospectus relating to the offering have been filed with the SEC and are available for free on the SEC’s website at http://www.sec.gov. When available, copies of the final prospectus supplement and the accompanying base prospectus relating to the offering may be obtained from Lake Street Capital Markets, LLC at 121 South Eighth Street, Suite 1000, Minneapolis, MN 55402, or e-mail at prospectus@lakestreetcm.com. Electronic copies of the final prospectus supplement and accompanying prospectus wil...
A man has been found guilty of murdering a university student with a 21cm-long knife that he said he was carrying for religious reasons. When police arrived at the scene in Southampton, Vickrum Digwa, 23, claimed his victim, 18-year-old Henry Nowak, had racially abused him and knocked his turban off, prompting police to handcuff the teenager before they discovered his fatal wounds. At Southampton ...
A man has been found guilty of murdering a university student with a 21cm-long knife that he said he was carrying for religious reasons. When police arrived at the scene in Southampton, Vickrum Digwa, 23, claimed his victim, 18-year-old Henry Nowak, had racially abused him and knocked his turban off, prompting police to handcuff the teenager before they discovered his fatal wounds. At Southampton crown court, Digwa’s legal team said he had acted in self-defence and only carried the knife because of his Sikh faith. Jeremy Wainwright KC, for Digwa, said: “He carried that knife in the same way that he does every day in his life: as part of his religion.” Nicholas Lobbenberg KC, for the prosecution, dismissed the racism allegation as a “wicked lie”. He told the jury Digwa was wearing a small kirpan (a ceremonial sword or dagger worn by initiated Sikhs) under his clothing around his neck – which the barrister said satisfied his religious obligation – but chose also to carry the much larger blade. After the verdict, Hampshire police apologised for handcuffing Nowak and said the watchdog, the Independent Office for Police Conduct (IOPC), was investigating. Robert France, the force’s deputy chief constable, said: “This case is an absolute tragedy. I’m sorry that Henry’s life couldn’t be saved that night, and I’m sorry that he was handcuffed and arrested. He was the victim.” Asked whether a fear of being perceived as racist played a part in the officers’ decision to arrest Nowak, he responded: “There’s an ongoing investigation by the IOPC, which will look into all of the information available to officers, their accounts of the decisions they made and why they made those decisions. “What I can say at the moment is that it is clear that there were lies told [by Digwa] as the incident played out. That’s made it more difficult for officers to understand what had happened.” Responding to criticism of the police response by Elon Musk and the Reform MP Robert Jenrick, France said: ...
It took conflict in the Middle East for the market to start paying attention to the energy sector again. The Houston-based company, formerly known as Schlumberger, has an $87 billion market capitalization and is the world’s largest oilfield-services provider, with operations in 120 countries. The rise in oil prices, from about $55 a barrel in early January to a recent price above $90, certainly he...
It took conflict in the Middle East for the market to start paying attention to the energy sector again. The Houston-based company, formerly known as Schlumberger, has an $87 billion market capitalization and is the world’s largest oilfield-services provider, with operations in 120 countries. The rise in oil prices, from about $55 a barrel in early January to a recent price above $90, certainly helps SLB’s case.
Frank Brennan IBM ( IBM ) shares rose 1.5% in premarket trading on Thursday after the company disclosed it will invest $10B into quantum computing over the next five years. The company also said it would put $5B towards an artificial intelligence-linked open-source software project. The $10B investment, which was disclosed in a filing with the Securities and Exchange Commission, will go towards “R...
Frank Brennan IBM ( IBM ) shares rose 1.5% in premarket trading on Thursday after the company disclosed it will invest $10B into quantum computing over the next five years. The company also said it would put $5B towards an artificial intelligence-linked open-source software project. The $10B investment, which was disclosed in a filing with the Securities and Exchange Commission, will go towards “R&D, capex, ecosystem partnerships, manufacturing scaling, and M&A,” IBM said. The Armonk, N.Y.-based company added this “further enhances our confidence in delivering the first large-scale fault-tolerant quantum computer by 2029.” To date, IBM has deployed more than 90 quantum systems, the company added. The $10B investment follows a letter of intent between the U.S. federal government and IBM to build a quantum chip foundry in America. The project includes $1B in proposed CHIPS incentives from the federal government, matched by $1B in cash from IBM, along with contributions of intellectual property, assets, and personnel. The foundry will be based in Albany, New York, and focus on manufacturing 300-millimeter quantum wafers. The federal government also signed letters of intent with several other quantum computing firms. Project Lightwell Separately, on Thursday, IBM and its subsidiary Red Hat unveiled Project Lightwell, a $5B commitment to create a new clearinghouse for open-source software with a new frontier AI model. It will be comprised of more than 20,000 engineers to help enterprises secure open-source software, the companies said in a statement. The two have already begun working with various external partners on Project Lightwell, including Bank of America, BNY, Citi, Goldman Sachs, JPMorgan Chase, Mastercard, Morgan Stanley, Royal Bank of Canada, State Street, Visa, and Wells Fargo. More than 90% of Fortune 500 companies rely on open-source software, and given the capabilities of some of the top AI models, including Anthropic's ( ANTHRO ) Claude Mythos Preview, se...
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. War is moving fast into drones, chips, and autonomous systems, and governments are increasingly looking to tech innovators like Elon Musk for a technological edge in modern warfare. But Musk says he's staying out of the weapons business, for now. SpaceX is often approached about participating in we...
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. War is moving fast into drones, chips, and autonomous systems, and governments are increasingly looking to tech innovators like Elon Musk for a technological edge in modern warfare. But Musk says he's staying out of the weapons business, for now. SpaceX is often approached about participating in weapons programs, Musk said at the Qatar Economic Forum in May 2025. "I do not currently anticipate SpaceX going to be getting into the weapons business," he said. "That’s certainly not an aspiration. We're frequently asked to do weapons programs, but we have thus far declined." Don't Miss: This Lithium Breakthrough Is Turning Heads on Wall Street — See Why Investors Are Watching NVIDIA & Tesla Steal the Spotlight — RAD Intel Emerges as an AI Stock Worth Watching Musk said SpaceX's core focus remains rockets, satellites and expanding high-bandwidth internet connectivity through Starlink. SpaceX, founded in 2002, has expanded into military space infrastructure over the years. It joined a consortium of companies developing the operating system for the Pentagon's "Golden Dome" missile defense initiative, according to media reports last month. SpaceX's Role in the Ukraine War The future of warfare would be defined by AI and autonomous drones, Musk said at a U.S. Military Academy event in August 2024. Humans would become less relevant on the battlefield, with success hinging more on drone power and AI-driven systems than traditional forces, he said at the time. Musk also talked about the role of SpaceX and its satellite network Starlink in modern conflict. See Also: Investors With $1M+ Often Use Advisors for Tax Strategy — This Tool Matches You With One in Minutes "Starlink is the backbone of the Ukrainian military communication system because it can't be blocked by the Russians, essentially," Musk said at West Point. " On the front lines, all the fiber connections are cut, the ce...
格隆汇5月28日｜2026世界智能产业博览会在天津开幕，中科曙光携scaleX万卡超集群真机参展。scaleX融合了超节点、高速互联网络、相变浸没液冷等技术，可支撑高精度科学计算与低精度智能计算协同运行，面向AI for Science(AI4S)场景。从中科曙光方面获悉，scaleX已完成6万卡级AI4S计算集群部署，采用开放架构。
格隆汇5月28日｜2026世界智能产业博览会在天津开幕，中科曙光携scaleX万卡超集群真机参展。scaleX融合了超节点、高速互联网络、相变浸没液冷等技术，可支撑高精度科学计算与低精度智能计算协同运行，面向AI for Science(AI4S)场景。从中科曙光方面获悉，scaleX已完成6万卡级AI4S计算集群部署，采用开放架构。
(RTTNews) - Hormel Foods Corp (HRL) will host a conference call at 9:00 AM ET on May 28, 2026, to discuss Q2 26 earnings results. To access the live webcast, log on to https://investor.hormelfoods.com/news-and-events/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - Hormel Foods Corp (HRL) will host a conference call at 9:00 AM ET on May 28, 2026, to discuss Q2 26 earnings results. To access the live webcast, log on to https://investor.hormelfoods.com/news-and-events/events-and-presentations/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Stylish Finnish-American smart ring company Oura may be the darling of wearables, adorning the fingers of celebrities and sportspeople, but it is not resting on its laurels as it heads towards an IPO later this year. This week it launched the world’s smallest smart ring, the Ring 5, its latest evolution of the device that defined a whole category. The Ring 5 is 40% smaller and with longer battery ...
Stylish Finnish-American smart ring company Oura may be the darling of wearables, adorning the fingers of celebrities and sportspeople, but it is not resting on its laurels as it heads towards an IPO later this year. This week it launched the world’s smallest smart ring, the Ring 5, its latest evolution of the device that defined a whole category. The Ring 5 is 40% smaller and with longer battery life than the highly popular Ring 4. It also promises to squeeze the health-tracking features of a smartwatch into a less techy piece of jewellery just 2.28mm thick, focused on sleep, stress, readiness and heart health. “The [Ring 5] is the most capable wearable we’ve ever made – small enough to fit seamlessly into everyday life, and significant enough to set a new standard,” said Holly Shelton, Oura’s chief product officer. Oura hopes this fifth-generation ring, which will cost from £399 when it ships on 4 June and requires a £5.99 a month subscription, will not only cement its dominant position in the exploding smart ring market but also attract a swath of new users that have been put off by bulkier editions or the look of other wearables. Founded in 2013 in Oulu, Finland, Oura Health Oy has been a pioneering force for the smart ring, a market that saw 4m devices shipped in 2025, having more than doubled in each of the past two years, according to data from analysts FDM CCS Insight. The smart ring is still a minnow compared with the 175m smartwatches shipped in 2025, but the rings appeal to smartwatch, dumb watch and non-watch wearers alike, with an almost equal gender split, according to FDM CSS Insight consumer research. View image in fullscreen A range of Oura Ring 5 colours and finishes are available. Photograph: Oura Since its first-generation ring was launched on the crowdfunding-platform Kickstarter in 2015, raising more than $650,000 (£480,000), the niche Finnish startup founded by former Nokia and Polar engineers Petteri Lahtela, Markku Koskela and Kari Kivela ha...
Abortion restrictions in the US have made it more difficult to access care for miscarriages, a new study stays. The new research found that since the June 2022 Dobbs v Jackson Women’s Health Organization decision overturning Roe v Wade, pregnancy care has fractured along state lines; it’s getting increasingly harder to access healthcare for miscarriages in US states with abortion restrictions. In ...
Abortion restrictions in the US have made it more difficult to access care for miscarriages, a new study stays. The new research found that since the June 2022 Dobbs v Jackson Women’s Health Organization decision overturning Roe v Wade, pregnancy care has fractured along state lines; it’s getting increasingly harder to access healthcare for miscarriages in US states with abortion restrictions. In states where abortion bans went into effect following Dobbs, miscarriage management is shifting away from medications, especially mifepristone, and toward a wait-and-see approach, restricting the options for patients experiencing miscarriages and falling beneath standards of care in the US. “We wanted to understand how, when you restrict access to abortion, that might affect people who are having a pregnancy loss or an early miscarriage,” said Maria Rodriguez, lead author of the study, professor of obstetrics and gynecology, and director for the Center for Women’s Health at Oregon Health & Science University. “What we found was that people had fewer choices to the type of care they got, and they were receiving lower-quality care as well.” The study, published by the Journal of the American Medical Association on 18 May, looked at a total of 123,598 people with private insurance. Some 54,181 of the patients lived in states with restrictions on abortion after six weeks that were triggered by the Dobbs decision, while 69,417 lived in comparison states. States with trigger bans saw a 2.8 percentage point increase in expectant management – meaning more patients were sent home to wait and see what would happen with their miscarriages – and a 2.2 percentage point decrease in medication management – meaning fewer people were prescribed standard-of-care medications for managing miscarriages. Patients who were prescribed medication, but lived in ban states saw a 13.8 percentage point increase in misoprostol-only treatment, which is safe but is not the standard of care in the US and m...
I don’t know if it’s my cobbled liver or having young children, but these days I wish that “session wine” was more of a thing. By this I mean wine that, like session beer, is easily quaffable over several hours and doesn’t plunge me into inebriation – in other words, wine with a relatively low ABV (less than 11%), a light body and bracing acidity. Why are they so hard to find, especially in the ma...
I don’t know if it’s my cobbled liver or having young children, but these days I wish that “session wine” was more of a thing. By this I mean wine that, like session beer, is easily quaffable over several hours and doesn’t plunge me into inebriation – in other words, wine with a relatively low ABV (less than 11%), a light body and bracing acidity. Why are they so hard to find, especially in the mainstream? The false premise, perhaps, that wine is sipped rather than chugged, or that it is enjoyed only with food? (You need only set foot in a Wetherspoons to learn otherwise.) The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more. So, yes, I’m after a delicious, low-ABV wine, specifically one I can drink at a party without ending up looking like a Heat! magazine cover star in circa 2003. My favourite party drink is something fizzy, so I’m essentially looking for a session sparkling wine. Supermarket fizz at less than 11% ABV does exist, but it tends to fall short on the delicious side of things. Usually, such wines are framed as low-calorie options and, unsurprisingly, marketed at women. The best of the bunch that I’ve tried is Codorniu’s 8% cava, from which some of the alcohol has been removed. The bottle dubiously promises a “sparkling beverage made with dealcoholised wine”, but rest assured, some chardonnay and xarel-lo were involved in its production, and it does make a decent, crisp aperitif. Dealcoholisation aside, low-ABV wines occur for one or both of two reasons: because the grapes in question were grown in a cool climate, so contain less sugar to convert into alcohol, and/or because fermentation was stopped early. Of the latter group, moscato d’Asti is a prime example, with a typical ABV at just over 5%; here, the halting of fermentation makes for gentler bubbles and limits how much sugar from the ultra-sweet moscato juice converts to alcohol. In my view it’s too sweet to consider session...
José Yugar-Cruz spent 17 months in a county jail in Muscatine, Iowa, despite never having committed a crime. Originally from Bolivia, he entered the United States legally at the Arizona border in July 2024, affirmatively approached authorities, and requested asylum. Six months later, a US immigration judge found he had been tortured in Bolivia, would probably face torture again if returned, and ba...
José Yugar-Cruz spent 17 months in a county jail in Muscatine, Iowa, despite never having committed a crime. Originally from Bolivia, he entered the United States legally at the Arizona border in July 2024, affirmatively approached authorities, and requested asylum. Six months later, a US immigration judge found he had been tortured in Bolivia, would probably face torture again if returned, and barred his removal to his home country. The government did not appeal. Yugar-Cruz was not released for almost a year. Instead, ICE spent months searching unsuccessfully for somewhere else to send him. He finally won his release in December 2025. But after the United States negotiated a new “Third-Country Removal Agreement” with the Democratic Republic of the Congo (DRC), a country beset by conflict and corruption, ICE placed Yugar-Cruz on the manifest for an April charter flight to Kinshasa. On 8 April, he was redetained at a check-in appointment with ICE. Although a temporary stay kept him off that flight, a federal judge later ruled he could not block a future deportation to the DRC, risking Yugar-Cruz’s removal to a country he has never set foot in. “I don’t know [it], I have no family there, I don’t speak their language,” he said. “I feel like a person who has no value.” The flight Yugar-Cruz narrowly missed carried 15 South Americans to DRC. They arrived in chains, a routine feature of these flights, where passengers are held in handcuffs, waist chains, leg irons and sometimes straitjackets. double quotation mark No country can guarantee safety if it lacks functioning asylum laws, honest courts, impartial officials Had Yugar-Cruz been onboard, he would now be among those held in a rundown hotel near the airport, where the water shuts off for days, rodents move through the rooms and mosquitoes are inescapable. The US-DRC arrangement is the latest deal outsourcing America’s protection obligations to countries whose own asylum systems are collapsing. The Trump administratio...
Jamaica is closer than ever to drilling for oil. Tests on samples from the seabed off the Caribbean island’s south coast earlier this year identified hydrocarbons, which suggest the presence of crude oil below ground. Jamaica imports all its fuel, which costs about $1.5-2bn (£1.1bn-1.5bn) annually, depending on global oil prices. It is a persistent drag on an economy that generated $4.3bn from tou...
Jamaica is closer than ever to drilling for oil. Tests on samples from the seabed off the Caribbean island’s south coast earlier this year identified hydrocarbons, which suggest the presence of crude oil below ground. Jamaica imports all its fuel, which costs about $1.5-2bn (£1.1bn-1.5bn) annually, depending on global oil prices. It is a persistent drag on an economy that generated $4.3bn from tourism, its biggest earner, in 2024. United Oil & Gas, a UK-based company, holds an exclusive exploration licence for the Walton-Morant basin, a 22,400sq km (8,650 sq mile) block off the island’s southern coast. Surface oil seeps have been repeatedly documented across the island, but so far there has been no commercial oil production. View image in fullscreen Jamaicans in Westmoreland parish transfer petrol during the shortage that followed Hurricane Melissa last November. Photograph: Ricardo Makyn/AFP/Getty Images News of a potential oil discovery was met with guarded optimism by the government. In a public statement, Daryl Vaz, the energy minister, calls the results “very positive”. “They haven’t seen or touched the real deal, but [the results] are still important,” he says. “I am cautiously optimistic and praying very hard … because of what the impact of any discovery would be.” double quotation mark If we want to have any kind of moral high ground … we cannot be considering expanding the fossil fuel industry Theresa Rodriguez-Moodie, environmentalist If oil is confirmed within its territorial waters, the island will join Guyana and Suriname as the newest fossil fuel-producing states in the region. About half of the countries across Latin America and the Caribbean are in a race to find oil, after Brazil discovered deep-water reserves in the Atlantic in the 2000s. Since then, prospecting has continued onshore and offshore, from Argentina to Caribbean islands, despite the climate crisis and the global push for a green energy transition. Jamaica is still recovering from the C...
It is the country that drinks more beer per capita than any other but in the last few years Czechia has been hit by droughts and heatwaves, which make it harder to grow the Saaz hops, one of the key ingredients that goes into the country’s world famous beer. At the Hop Research Institute, however, scientists are working to create new, climate-resilient hop varieties that have shown promise in over...
It is the country that drinks more beer per capita than any other but in the last few years Czechia has been hit by droughts and heatwaves, which make it harder to grow the Saaz hops, one of the key ingredients that goes into the country’s world famous beer. At the Hop Research Institute, however, scientists are working to create new, climate-resilient hop varieties that have shown promise in overcoming Czechia’s heat and its strict traditionalism. “I see a very bright future for Czech hops,” said Dr Vladimir Nesvadba, the institute’s top breeder. “We have bred new drought-resistant varieties – Saaz Shine, Saaz Comfort, and others – that are performing well on hop farms and in Czech breweries.” View image in fullscreen Saaz hops growing on trellises in Bohemia. Photograph: Rob Crandall/Alamy The reputation of Saaz hops extends well beyond Europe, with roughly 80% of Czechia’s Saaz yields going to breweries abroad. The US brewery BarrieHaus Beer Co in Tampa, Florida, imports them for its Czech-style pilsner called the “Bublina”, which won the 2024 World Beer Cup; their brewmaster, Jim Barrie, says Saaz “has a character that’s difficult to truly replicate”. However, in recent years there has been an increase in summer temperatures and a decrease in rainfall in Czechia, which has affected the Saaz variety in particular. This reduces the amount of water available for the plant to use and makes it harder for the plants to stay cool during hot summers. According to Dr Pavel Donner, also of the Hop Research Institute, “Czech cultivars, Czech genetic resources, are not habituated to live in such high temperatures.” Only about 25% of Czech hop farms are irrigated, making them highly vulnerable to irregular rainfall. The higher temperatures and lack of water result not only in fewer cones, but also less alpha acid, a compound that gives hops their characteristic bitterness. With less acid, brewers need to use more hops to achieve the same level of bitterness, which can change...
Hudbay Minerals ( HBM ) has announced that the Toronto Stock Exchange has approved its notice of intention to launch a new normal course issuer bid (NCIB) for its common shares. Under the authorized program, Hudbay is permitted to repurchase up to 19.86M shares, representing approximately 5% of its issued and outstanding common share capital as of May 21, 2026. The buyback program will run for a 1...
Hudbay Minerals ( HBM ) has announced that the Toronto Stock Exchange has approved its notice of intention to launch a new normal course issuer bid (NCIB) for its common shares. Under the authorized program, Hudbay is permitted to repurchase up to 19.86M shares, representing approximately 5% of its issued and outstanding common share capital as of May 21, 2026. The buyback program will run for a 12-month period starting June 1, 2026, and ending no later than May 31, 2027. Management noted that the exact timing and volume of purchases will depend heavily on evolving market conditions, share price, and available cash resources. Open-market transactions will be executed via the TSX, NYSE, and alternative trading systems at prevailing market prices. Purchases will be subject to a daily maximum limit of 469.60K shares, calculated based on average trading volumes, though Hudbay retains the flexibility to make larger block purchases once per week that exceed this daily cap. All repurchased shares will be immediately canceled, with the company intending to fund the transactions primarily through cash flow from operations. This newly approved NCIB succeeds a similar program initiated on May 30, 2025, which allowed for the purchase of up to 19.75M shares and expires on May 29, 2026; Hudbay confirmed that no shares were bought or canceled under that previous mandate. More on Hudbay Minerals Inc. Hudbay Minerals Inc. (HBM:CA) Shareholder/Analyst Call Transcript Hudbay Minerals Inc. (HBM:CA) Presents at Canaccord Genuity's 5th Annual Global Metals & Mining Conference - Slideshow Hudbay Minerals Inc. (HBM:CA) Presents at Bank of America Global Metals, Mining & Steel Conference 2026 - Slideshow Hudbay Minerals declares CAD 0.01 dividend Hudbay Minerals Q1 2026 Earnings Preview
Calfrac Well Services ( CFW:CA ) has received approval to launch a normal course issuer bid . The company may repurchase and cancel up to 5.02M common shares, representing about 5% of its outstanding shares. Share purchases under the NCIB are expected to begin on or about June 1, 2026. The buyback program is scheduled to expire on or about May 31, 2027. The company had 100.47M common shares issued...
Calfrac Well Services ( CFW:CA ) has received approval to launch a normal course issuer bid . The company may repurchase and cancel up to 5.02M common shares, representing about 5% of its outstanding shares. Share purchases under the NCIB are expected to begin on or about June 1, 2026. The buyback program is scheduled to expire on or about May 31, 2027. The company had 100.47M common shares issued and outstanding as of May 22, 2026. More on Calfrac Well Services Ltd. Calfrac Well Services Ltd. GAAP EPS of $0.19, revenue of $305.4M Historical earnings data for Calfrac Well Services Ltd. Financial information for Calfrac Well Services Ltd.
Massachusetts universities churn out innovative tech leaders - like Mark Zuckerberg - who then take their billion-dollar ideas to Silicon Valley. But with a possible billionaires tax looming in California, Boston sees a chance to hold onto more of that talent (Source: Bloomberg)
Massachusetts universities churn out innovative tech leaders - like Mark Zuckerberg - who then take their billion-dollar ideas to Silicon Valley. But with a possible billionaires tax looming in California, Boston sees a chance to hold onto more of that talent (Source: Bloomberg)
British Columbia Investment Management Corp. created a team within its private equity unit to provide financing to buyout firms that are increasingly looking for new ways to drum up cash amid a prolonged dealmaking drought. The new Capital Solutions Group will focus on preferred equity, recapitalizations and funding continuation vehicles, according to Jon Salon , the pension fund’s head of private...
British Columbia Investment Management Corp. created a team within its private equity unit to provide financing to buyout firms that are increasingly looking for new ways to drum up cash amid a prolonged dealmaking drought. The new Capital Solutions Group will focus on preferred equity, recapitalizations and funding continuation vehicles, according to Jon Salon , the pension fund’s head of private equity. “We can be a capital solutions provider to our general partners in the market at a time where liquidity is scarce,” he said in an interview. Deal activity across the buyout industry has remained subdued for years, limiting firms’ ability to return capital to investors. In response, fund managers have increasingly turned to alternative liquidity tactics, including so-called continuation vehicles that allow them to hold investments for longer while generating distributions for existing investors. “When you think about our pipeline, somewhere between 20% and 30% is single asset continuation vehicles, which is a huge amount,” Salon said, adding that it was roughly 5% two years ago. In some cases, BCI will extend liquidity to fund managers looking to raise continuation vehicles, and in others, it will invest in those funds itself, he said, adding that BCI also invests in structured equity funds. The pension fund is also looking to invest in preferred equity tranches that typically generate returns of 12% to 15%, Salon added. BCI’s private equity unit, which managed C$33.6 billion ($24.3 billion) at the end of March 2025, already invests in capital solutions, which account for less than 5% of the portfolio, and is targeting an allocation of about 15% over the next several years, Salon said. “I want BCI to be a one-stop shop for those capital needs,” he said.
Oura Health Oy , the popular smart ring maker seeking to go public this year, unveiled a significantly thinner and lighter new model along with new wellness features. The Oura Ring 5 is 40% smaller overall than its predecessor, bringing its size and thickness more in line with an ordinary wedding band. The company was able to accomplish that in part by reducing the size of the battery pack while s...
Oura Health Oy , the popular smart ring maker seeking to go public this year, unveiled a significantly thinner and lighter new model along with new wellness features. The Oura Ring 5 is 40% smaller overall than its predecessor, bringing its size and thickness more in line with an ordinary wedding band. The company was able to accomplish that in part by reducing the size of the battery pack while still promising battery life of up to about a week on one charge. Oura also said it improved the sensing capabilities, repositioning the LEDs for measuring metrics like heart rate and oxygen saturation inside the band for better accuracy. There are also new wellness capabilities that aim at detecting signs of high blood pressure and sleep apnea. Those are also coming to some of the company’s older models. The new rings go on sale June 4 and become available for preorder on Thursday. “It’s going to be super hot. Everyone we’ve shown it to has been like, ‘holy cow,’” Tom Hale, the company’s chief executive officer, said in an interview ahead of the announcement. He said the most common feedback has been about the size of the current model, with some men proclaiming it’s “too much of a statement” and women considering the current versions too big. The new ring addresses those complaints, he said. The latest version is more expensive, coming in at $399 — up from $349 for the Oura Ring 4 — for standard silver and black metal finishes, while higher-end gold, stealth, rose gold and brushed silver versions cost an additional $100. The new design launches with an optional new portable charger for $99. (The new rings don’t work with the prior version of accessory while the new charger doesn’t support older rings.) The ceramic Oura Ring 4, launched last year , sticks around for $349. Hale said that the price increase reflects the company’s move to keep the device as a premium product, particularly as it relates to smartwatches. “It’s a little bit between the premium smartwatch and the ...
In this article F STLA GM Follow your favorite stocks CREATE FREE ACCOUNT Ford pickup trucks are displayed on the sales lot at Serramonte Ford on Jan. 6, 2026 in Colma, California. Justin Sullivan | Getty Images In a country where big trucks are a big deal, those pickups and SUVs represent a big percentage of auto loans that come with a sizable monthly payment, more than $1,000 a month, according ...
In this article F STLA GM Follow your favorite stocks CREATE FREE ACCOUNT Ford pickup trucks are displayed on the sales lot at Serramonte Ford on Jan. 6, 2026 in Colma, California. Justin Sullivan | Getty Images In a country where big trucks are a big deal, those pickups and SUVs represent a big percentage of auto loans that come with a sizable monthly payment, more than $1,000 a month, according to new data. Experian Automotive's analysis of more than 5 million open auto loans and leases in the first quarter shows nearly 19% of new vehicle loans include a monthly payment of at least $1,000. That's up from roughly 17.4% year over year. "The assumption is that it's all luxury, it's high-line, and that is not the case," said Melinda Zabritski, head of automotive financial insights for Experian Automotive. Almost 74% of the auto loans requiring owners to pay $1,000 or more every month are for non-luxury models, with the top five models being popular pickup trucks including the Ford F-150, Chevrolet Silverado 1500 and Ram 1500, according to Experian. Just five years ago, auto loans with monthly payments over $1,000 accounted for just 5.4% of the market. Then the global chip shortage hit in 2021 and 2022, and automakers around the world prioritized production of higher-end, more profitable models. Vehicle prices soared, and so did the amount borrowed for auto loans. Zabritski said those higher prices have changed how car and truck buyers look at what it takes to finance the purchase of a new vehicle. "We haven't seen a reduction in that MSRP, and in those high loan amounts," she told CNBC. "I think as time goes on, I think more consumers are getting used to the $1,000 payment." The average amount borrowed is now at an all-time high of $43,952, and the average monthly payment has also climbed to an all-time high of $770, according to Experian Automotive. Both are a reflection of a new auto market that is relatively strong. As for auto loan delinquencies, the percentage of...