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Russ Cohen

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Turbulence in Electric Vehicle Market Electric Vehicle Stocks Plummet As Hertz Shifts Gear

SimonSkafar Thursday saw electric vehicle stocks take a downwards spiral following a surprising reveal from Hertz Global (HTZ). The car rental titan is set to jettison a third of its electric vehicle fleet in exchange for gasoline-powered cars, citing diminished demand for electric vehicles and escalating repair costs as the rationale for this shocking reversal. ...

Russ Cohen

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Aclaris Therapeutics Suffers a Blow from Mixed Results of Eczema Trial

Overview of the Trial Results Aclaris Therapeutics Inc released topline results from its Phase 2b study of ATI-1777, an investigational topical “soft” JAK 1/3 inhibitor, in patients with mild to severe atopic dermatitis (eczema). The trial met the primary efficacy endpoint, the percent change from baseline in the Eczema Area and Severity Index (EASI) score ...

Russ Cohen

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The Underrated Power of Alphabet Inc in AI Race The Underrated Power of Alphabet Inc in AI Race

Nvidia NVDA has long held the spotlight for its strides in artificial intelligence. However, there’s an underdog in the AI race that has been gaining momentum, and according to strategist Matt Orton of Raymond James Investment Management, that underappreciated gem is Alphabet Inc GOOG GOOGL. “This is more of the institutional play, and it’s underappreciated, ...

Russ Cohen

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Three Stocks Positioned to Shore up Average American Retirement Funds

As Americans grapple with the challenge of saving for retirement, the grim reality persists that the average American has just $87,000 stowed away in IRA and 401(k) accounts. Fidelity’s prudent guidelines advise amassing a retirement corpus equivalent to 10 times one’s annual salary by age 67. This benchmark further underscores the glaring shortfall in most ...

Russ Cohen

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Alibaba’s Logistic Expansion in the United States Alibaba’s Logistic Expansion in the United States

Alibaba’s BABA logistics arm Cainiao announced the launch of a “consolidated shipping” service in the United States, bolstering its overseas logistics offerings. The cross-border service packages multiple shopping orders from various Chinese e-commerce platforms and delivers them to U.S. customers via air and sea transport routes, reducing delivery times to as little as five days. ...

Russ Cohen

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AMD Expands Portfolio With Cutting-Edge Radeon & Ryzen Products AMD Expands Portfolio With Cutting-Edge Radeon & Ryzen Products

AMD Unleashes Radeon RX 7600 XT Graphics Card Advanced Micro Devices (AMD) is revving up its gaming lineup with the grand debut of the much-anticipated Radeon RX 7600 XT graphics card. Packed with 16GB of high-speed GDDR6 memory, the new graphics card is engineered to support next-generation AI and content creation workloads. Set to amplify ...