Articles for author: Russ Cohen

Russ Cohen

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Bitcoin Halving’s Impact on Public Miners Bitcoin Halving Could Make 9 Of 11 Largest Public Miners Unprofitable: Analyst

The Bitcoin BTC/USD Halving in April could make nine of the 11 largest publicly traded Bitcoin miners unprofitable at a Bitcoin price of $40,000, according to a new Cantor Fitzgerald report. 9 of 11 Largest Miners at Risk A preview of the report sees only Bitdeer BTDR and CleanSpark CLSK maintain profit margins, with nine other mining possibly requiring a ...

Russ Cohen

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Assessing the Tesla Stock Following Q3 Earnings Shortfall Assessing the Tesla Stock Following Q3 Earnings Shortfall

Tesla, Inc TSLA witnessed a sharp decline of about 13% on Thursday subsequent to reporting a fourth-quarter earnings miss. This outcome, which was anticipated and indicated by a bear flag on the stock’s chart, was highlighted by Benzinga on Wednesday. The electric vehicle (EV) giant posted fourth-quarter earnings per share of 71 cents on revenues ...

Russ Cohen

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Biden Proposes Multi-Billion-Dollar Chip Initiative The Biden Chip Initiative

Biden Administration to Announce Semiconductor Subsidies According to reports, the Biden administration is gearing up to unveil subsidies worth billions of dollars for major semiconductor companies such as Intel and Taiwan Semiconductor Manufacturing Co. under the $53 billion Chips Act. Challenges in Implementing the Chips Act The slow implementation of the bipartisan 2022 Chips Act, ...

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Redhill Biopharma Stock Surges on New Patent and Robust Drug Study Redhill Biopharma Stock Surges on New Patent and Robust Drug Study

Redhill Biopharma Ltd. RDHL shares are trading higher Wednesday after the company was granted a patent for a method for eradicating helicobacter pylori infections in patients regardless of body mass index. The Excitement: Redhill Biopharma shares are moving on above-average trading volume Wednesday. According to data from sources, more than 7.27 million shares have already ...

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Alibaba’s Xianyu to Open Offline Second-Hand Store Alibaba’s Xianyu Physical Store: A Resplendent Move

Alibaba’s celebrated online second-hand goods trading platform, Xianyu, is poised to unveil its inaugural “all-category” bricks-and-mortar store in the vibrantly bustling Gongshu district of Hangzhou, China. The store, referred to as the Xianyu Recycle Shop, initiates a consignment model enabling customers to seamlessly sell or purchase pre-loved items. Among the myriad of wares available, shoppers ...

Russ Cohen

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Tesla’s Outlook and the ‘Osborne Effect’ The Impact of Tesla’s ‘Osborne Effect’ on Its Outlook

Unveiling a Sobering Perspective Justin Sullivan/Getty Images News Analysts Gene Munster and Brian Barker of Deepwater Asset Management have drawn attention to a key factor that may have contributed to Tesla’s (TSLA) announcement of a pronounced deceleration in unit volume growth this year – the possibility of the ‘Osborne Effect’ taking root. Understanding the ‘Osborne ...

Russ Cohen

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IBM’s Fourth Quarter Results Set New Highs: Analysts Weigh In IBM’s Fourth Quarter Results Set New Highs: Analysts Weigh In

Shares of IBM IBM rose in early trading on Thursday, following the company’s strong fourth-quarter results. The company’s positive results added to the excitement of the current earnings season. Here, we delve into key insights provided by analysts in response to the release. BMO Capital Markets on IBM Keith Bachman of BMO Capital Markets maintained ...