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Russ Cohen

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Novavax Reaches Five-Month High After Settling COVID Vaccine Dispute Novavax Reaches Five-Month High After Settling COVID Vaccine Dispute

Share Prices Surge in the Aftermath Novavax shares soared to their highest level in five months following the resolution of a longstanding dispute over vaccine deliveries to the global vaccine alliance Gavi. The Gaithersburg, Maryland-based biotech company reached an agreement with Gavi to pay at least $475 million in cash or vaccines by the end ...

Russ Cohen

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Oil Rises and Exelon Earnings Exceed Expectations Crude Oil Sees an Uptick in Value; Exelon Impresses with Earnings That Surpass Estimates

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 0.5% on Wednesday. The Dow traded down 0.16% to 38,503.94 while the NASDAQ fell 0.47% to 15,557.94. The S&P 500 also fell, dropping, 0.11% to 4,969.94.   Positive and Negative Market Sectors   Energy shares rose by 1.5% on Wednesday. In trading ...

Russ Cohen

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Nvidia and Semiconductor Rivals’ Earnings Preview What Lies Ahead for Nvidia and Its Semiconductor Rivals in This Week’s Earnings Setup

With corporations funneling millions into artificial intelligence (AI), semiconductor stocks have garnered attention as prime beneficiaries of this trend. Semiconductor firms are grappling with a slowdown in industrial and automotive end markets, and communications infrastructure, while the demand for AI infrastructure remains “remarkably robust, propelled by bullish capex outlooks from major U.S. hyperscalers,” as noted ...

Russ Cohen

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Nokia and Nvidia’s Collaboration for AI-Driven RAN Technology Nokia and Nvidia’s Collaboration for AI-Driven RAN Technology

Rethinking Telecom Through AI Nokia Corp and Nvidia Corp have announced a groundbreaking partnership aimed at revolutionizing AI-ready radio access network (RAN) solutions, representing a significant leap in their anyRAN strategy. AI-Infused Telecommunications The collaboration between Nokia and Nvidia seeks to infuse AI at the heart of transforming telecommunications networks, with a focus on delivering ...

Russ Cohen

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Bitcoin, Ethereum and Dogecoin Update The Current State of Bitcoin, Ethereum, and Dogecoin Heading Into the Weekend

Crypto Market Overview Bitcoin BTC/USD has shown signs of consolidation after hitting a high of $52,890, marking its highest level since Nov. 10, 2021. Ethereum ETH/USD has been consolidating near its 19-month high print of $2,868.68 while Dogecoin DOGE/USD has been trading in a sideways pattern after reaching a high of $0.088. Morgan Creek CEO ...

Russ Cohen

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Lyft Stock Races Higher After Q4 Results Lyft Accelerates as Q4 Results Exceed Expectations

The Company’s Performance Lyft, Inc. LYFT unveiled its fourth-quarter financial results following the close of markets on Tuesday. The Numbers: In the latest quarter, Lyft reported sales of $1.22 billion, matching analyst consensus, and marking a 4.22% uptick from the $1.18 billion recorded in the corresponding period the prior year. The company’s gross bookings for ...

Russ Cohen

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Market Performance: S&P, Nasdaq, Dow Down as Shortened Week Begins

An Inauspicious Start Bloomberg/Bloomberg via Getty Images Trading on Tuesday began with major market averages trending downward after the long weekend. Early on, the Nasdaq Composite was down by 1.3%, the S&P 500 by 0.6%, and the Dow by 0.1%. Rates followed a global trend, with China unexpectedly cutting its five-year lending rate. Global Precedents ...