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In the first two months of 2024, the cryptocurrency community suffered $104 million in losses due to phishing scams, with Ethereum users experiencing the majority of these losses, totaling $78 million. The security firm Scam Sniffer reported that around 97,000 users fell victim to these scams, which often involved users being tricked into revealing sensitive information through phishing websites linked from impersonated Twitter accounts. This continues a trend of increasing losses to crypto scams, with Americans losing $3.94 billion in 2023, a 53% increase from the previous year.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 8:56 am

DAL

UAL

Delta Air Lines Inc. CEO Ed Bastian anticipates a delay in the delivery of Boeing Co.'s 737 Max 10 aircraft until 2027, a further postponement from the initially expected 2025. This delay is amid Boeing's ongoing safety and criminal reviews. United Airlines Holdings has also adjusted its fleet plan due to the delays, considering alternatives to the Max 10. Boeing's 737 Max series faces intense scrutiny and safety concerns, impacting trust and operational plans for airlines like Delta.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 6:28 am

CMCSA

The documentary on adult movie star Stormy Daniels, central to the Trump hush money case, will stream on Comcast Corporation's Peacock from March 18. Directed by Sarah Gibson, it premiered at the SXSW Film Festival on March 8. Despite the controversy, reviews suggest it may not meet expectations. The documentary includes Daniels' account of the scandal and her legal battles, amidst attempts to postpone Trump's related trial.

Portfolio Pulse from Ananya Gairola

March 11, 2024 | 4:52 am

NVDA

Nvidia Corp.'s GeForce Now cloud gaming service experienced a global outage but is now back online. The outage, lasting over two hours, prevented users from accessing their game libraries. Despite this, local gameplay was unaffected. The issue was resolved, and Nvidia's services are operational again. This event follows a lawsuit against Nvidia for allegedly using copyrighted works without permission to train its AI platform. Nvidia's Q4 results exceeded forecasts, with non-GAAP earnings per share of $5.16 and revenue of $22.10 billion.

Portfolio Pulse from Ananya Gairola

March 11, 2024 | 2:40 am

NVDA

NVIDIA Corp is facing a lawsuit filed by authors Brian Keene, Abdi Nazemian, and Stewart O’Nan for allegedly using their copyrighted works without permission to train its AI platform, NeMo. The lawsuit seeks damages for the use of copyrighted works in the US to train NeMo's large language models over the last three years. Despite the legal challenge and other market concerns, Nvidia's stock has surged by almost 600% since the end of 2022, reaching a market value of nearly $2.2 trillion.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 1:11 am

CAT

Caterpillar Inc. (NYSE:CAT) reportedly avoided a major federal tax evasion investigation's potentially severe consequences through strategic legal efforts and connections. The investigation, focusing on profit shifting to a Swiss subsidiary, was notably influenced when the Justice Department halted a key witness interview in 2018, coinciding with Donald Trump's nomination of William P. Barr as attorney general. Barr, alongside other connected lawyers, criticized the investigation, leading to a settlement with the IRS for less than a quarter of the initially claimed amount, without penalties. This raises concerns about the influence of high-profile legal representation on the justice system.

Portfolio Pulse from Bibhu Pattnaik

March 10, 2024 | 3:44 pm

Former President Donald Trump expressed frustration over a $91.6 million bond required for appealing a defamation lawsuit he lost to E. Jean Carroll, who accuses him of rape in the 1990s. Trump criticized the legal system and denied the accusations. The bond was obtained from insurer Chubb Ltd (NYSE: CB). Chubb stated that appeal bonds are a standard part of the American justice system, ensuring defendants can exercise their right to appeal.

Portfolio Pulse from Bibhu Pattnaik

March 10, 2024 | 2:09 pm

ADP

EQT

TSM

President Joe Biden proposed a tax overhaul targeting billionaires like Elon Musk and Jeff Bezos in his State of the Union address, aiming to invest in various sectors. Fed Chair Jerome Powell provided an optimistic outlook on the U.S. economy, anticipating strong growth and a robust labor market. Asia's emerging markets, led by TSMC and Samsung, are recovering, driven by tech stocks. Natural gas prices surged as EQT Corporation, the largest U.S. producer, cut output. Employment growth in February, as reported by ADP, missed forecasts, indicating a slowdown in the labor market.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:55 am

GOOG

GOOGL

MSFT

This week in AI featured Sergey Brin's admission of flaws in Alphabet's Gemini image generator, Cathie Wood's warning of a chip stock correction, and Microsoft's AI tool controversy. Brin acknowledged inadequate testing of Gemini, while Wood predicted a semiconductor market correction due to supply chain improvements. Microsoft faced issues with its AI image generator producing inappropriate content. Additionally, Elon Musk humorously commented on AI chatbot ChatGPT amid Bitcoin's volatile week.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:39 am

AAPL

SPOT

Apple Inc. faced a busy week with a $14M 'Batterygate' settlement in Canada, the upcoming iPhone SE 4 launch, the iOS 17.4 update, a $1.95B EU fine in a Spotify antitrust case, and concerns over its China prospects after a 24% plunge in iPhone sales. Jim Cramer expressed concerns over Apple's future in China.

Portfolio Pulse from Benzinga Neuro

March 10, 2024 | 11:36 am