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MSFT

Microsoft is addressing a cybersecurity mishap caused by CrowdStrike's software update, which led to system crashes on 8.5 million PCs. Despite this, Microsoft's stock has surged 13% this year. The company is now rethinking its security frameworks and preparing for its Q4 earnings report, with expected earnings of $2.93 per share.

Portfolio Pulse from Zaheer Anwari

July 30, 2024 | 6:52 pm

EWC

As of Tuesday morning, there are 349 wildfires burning in British Columbia, with six classified as wildfires of note.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:52 pm

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SHEL

XLE

XOM

Exxon Mobil Corporation (NYSE:XOM) and Shell PLC (NYSE:SHEL) subsidiaries agreed to sell a group of assets in the U.K. Southern North Sea to Viaro Energy. The assets include 11 operated offshore assets and one exploration field, producing around 28,000 boepd in 2023. This sale is part of a broader strategy for energy transition and aligns with Viaro's activities. Exxon also finalized a deal to sell its Malaysian oil and gas assets to Petronas.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 6:50 pm

BTCUSD

Bitcoin advocate Jeremy Kauffman criticized the 'number go up' culture in the Bitcoin community, arguing that it has driven out advocates of financial privacy and freedom. He believes the issues with Bitcoin are cultural rather than technological or regulatory, and expressed disappointment with Bitcoin's inability to assist in situations like the Canadian truckers' protest. Kauffman suggests that the focus on Bitcoin's monetary value has overshadowed its potential as a free currency.

Portfolio Pulse from Khyathi Dalal

July 30, 2024 | 6:42 pm

MSFT

OpenAI has started rolling out its new voice assistant after addressing safety concerns that caused a delay. This development is significant for OpenAI's operations and its partnership with Microsoft, which has invested heavily in the AI company.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:34 pm

MSFT

Activision, a subsidiary of Microsoft, released a study on the effects of skill-based matchmaking (SBMM) in Call of Duty: Modern Warfare 3. The study found that reducing the importance of skill in matchmaking led to a significant decline in player retention, particularly among lower-skilled players. The findings suggest that maintaining a balanced SBMM system is crucial for keeping a diverse player base engaged.

Portfolio Pulse from Franca Quarneti

July 30, 2024 | 6:31 pm

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IMNN

JBLU

PCSA

QXO

SMRT

U.S. stocks traded mixed with the Dow Jones gaining over 200 points, while the NASDAQ and S&P 500 fell. Energy shares rose, while information technology shares declined. JetBlue Airways surged 17% on better-than-expected Q2 results, while QXO, Inc. plummeted 80% due to private placements. Imunon, Inc. and Processa Pharmaceuticals saw significant gains on positive clinical trial news.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 6:31 pm

EWC

FXI

China's electric vehicle (EV) manufacturer BYD is preparing to enter the Canadian market, according to documents reviewed by Automotive News. This move could impact the competitive landscape in North America, particularly for companies involved in the EV sector.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:26 pm

GWAYF

Greenway Greenhouse Cannabis Corporation (CSE:GWAY) (OTCQB:GWAYF) reported a net loss of CA$4.7 million for the fiscal year ending March 31, 2024, up from CA$2.6 million the previous year. Despite the loss, the company saw a 9% increase in Q4 revenue YoY and a 33% increase in total grams sold. The company also reduced liabilities by 59% and launched its first consumer products in Ontario.

Portfolio Pulse from Jelena Martinovic

July 30, 2024 | 6:23 pm

MSFT

Microsoft Azure experienced errors due to an unexpected spike in usage, as reported by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:16 pm