Streetbeat News

Regulatory

META

Meta Platforms Inc.'s chief AI scientist, Yann LeCun, stated on the Lex Fridman podcast that creating an unbiased AI system is impossible due to the subjective nature of bias. He emphasized the need for a diverse range of AI systems and warned against the control of AI by a few companies. The discussion also touched on the criticism of Google's Gemini for generating biased content and the broader industry debate on AI bias, with figures like Elon Musk and Mark Cuban weighing in on the issue.

Portfolio Pulse from Ananya Gairola

March 13, 2024 | 5:21 am

BTCUSD

Coinbase CEO Brian Armstrong suggests buying Bitcoin as a solution to the U.S. national debt crisis, in response to analyst Robert Sterling's alarming chart showing rapid debt growth. Sterling's analysis indicates the debt is increasing by $1 trillion every 90-120 days, with projections of it reaching over $37 trillion by 2025. The Treasury Department confirms the debt at $34.47 trillion, with Moody's recently downgrading the U.S. financial health outlook. Armstrong proposes Bitcoin as a way to 'vote with your dollars' and potentially save the U.S. long term.

Portfolio Pulse from Mehab Qureshi

March 13, 2024 | 4:41 am

TSLA

Elon Musk responded to allegations of 'election interference' made by Rep. Alexandria Ocasio-Cortez, stating he made X's algorithm open source and neutral. The allegations were shared by Tucker Carlson, citing a classified briefing attended by Biden Justice Department officials. Musk's response highlights his efforts to ensure fairness on X and criticizes the notion of 'election interference' as defined by Ocasio-Cortez. This comes amid discussions on anti-TikTok legislation and Musk's previous comments on social media fairness and censorship.

Portfolio Pulse from Ananya Gairola

March 13, 2024 | 1:34 am

META

Rep. Marjorie Taylor Greene accuses Democrats of plotting to ban TikTok to claim foreign interference in the 2024 elections. She suggests this narrative aims to justify potential election rigging accusations. The discussion reflects broader concerns over data sharing with China and impacts on U.S. national interests. Former President Trump, despite previous support for a TikTok ban, now opposes it, arguing it benefits Meta Platforms.

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 1:04 am

ALK

BA

SPR

Boeing Co (BA) and Spirit AeroSystems (SPR) faced significant setbacks after failing multiple audits by the FAA, following an incident with an Alaska Air (ALK) 737 Max jet. Boeing's shares dropped 4.2% after the FAA's findings were publicized, which highlighted issues including a faulty door plug. Spirit AeroSystems, a supplier to Boeing, saw its shares fall 7.78% after failing several tests. Additionally, a Boeing whistleblower was found dead under suspicious circumstances, and a Boeing 787 experienced a severe midflight issue, leading to an investigation by New Zealand's TAIC.

Portfolio Pulse from Neil Dennis

March 12, 2024 | 10:01 pm

JBSS

John B. Sanfilippo & Son (JBSS) has initiated a voluntary recall of a limited quantity of 8.25 oz Great Value Honey Roasted Cashews due to undeclared coconut and milk, with no adverse reactions reported so far.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 9:58 pm

NEE

The Federal Election Commission (FEC) has decided to close its investigation into a complaint against NextEra Energy's subsidiary, Florida Power & Light Company, regarding alleged violations of the Federal Election Campaign Act (FECA). The complaint was filed by a nonprofit corporation in October 2022.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 9:38 pm

EAI

ETR

On March 7, the U.S. District Court ruled in favor of the Arkansas Public Service Commission and against Entergy Arkansas LLC regarding a September 2022 complaint. Entergy Arkansas plans to appeal the decision.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 9:07 pm

ARGT

VINO

Argentine stocks, particularly the Global X MSCI Argentine ETF (ARGT), experienced a surge following the central bank's decision to cut interest rates by 20 percentage points to 80%, in response to lower-than-expected February inflation figures. The government attributes the inflation slowdown to its fiscal discipline. Additionally, President Milei is considering the inclusion of the U.S. dollar as legal tender to combat inflation further. Gaucho Group Holdings (VINO) is also mentioned in the context of Argentina's potential dollarization.

Portfolio Pulse from Piero Cingari

March 12, 2024 | 8:46 pm

SISI

Shineco has regained compliance with the Nasdaq minimum bid price requirement after its common stock's closing bid price remained at least $1.00 per share for 15 consecutive business days from February 16, 2024, to March 8, 2024. Nasdaq has closed the matter, confirming Shineco's adherence to Listing Rule 5550(a)(2).

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:41 pm