Streetbeat News

Security

BA

China's PLA Navy has unveiled AI-powered strategies to counter U.S. electronic warfare aircraft, specifically Boeing's EA-18G Growler, in the South China Sea. The technology enhances radar capabilities and communication across the fleet, creating a 'kill web' to counter attacks. This development aligns with China's proactive military stance and has escalated tensions in the region.

Portfolio Pulse from Benzinga Neuro

July 15, 2024 | 10:09 am

AAPL

MSFT

Microsoft has instructed its employees in China to switch from Android phones to iPhones for work, as part of its Secure Future Initiative. This move is aimed at enhancing security and is influenced by the fragmented nature of Android app stores in China and the absence of Google services.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 9:52 am

META

Elon Musk confirmed that private messages on X (formerly Twitter) are not encrypted by default, calling the current implementation 'clunky.' He criticized Meta's WhatsApp as 'spyware' and assured that X is working on improving its encryption features. Musk has been vocal about privacy and encryption, previously criticizing Meta's privacy practices.

Portfolio Pulse from Ananya Gairola

July 08, 2024 | 7:42 am

FBIO

GBX

NWGL

SAH

UNCY

Key stocks to watch on Monday include Greenbrier Companies, Nature Wood Group, Fortress Biotech, Sonic Automotive, and Unicycive Therapeutics. Greenbrier is expected to report earnings, Nature Wood Group announced a CEO change, Fortress Biotech paused dividend payments, Sonic Automotive disclosed a cybersecurity incident, and Unicycive Therapeutics filed for the resale of shares.

Portfolio Pulse from Avi Kapoor

July 08, 2024 | 7:10 am

ETHUSD

USDTUSD

Tether CEO Paolo Ardoino emphasized the importance of decentralized AI models following a security breach at OpenAI. He argued that locally executable AI models on new generation smartphones and laptops are essential for protecting privacy and ensuring resilience. Tether plans to invest heavily in AI technologies.

Portfolio Pulse from Aniket Verma

July 08, 2024 | 5:13 am

SAH

Sonic Automotive shares are trading lower following a cybersecurity incident that affected its dealer management and CRM systems. The company expects this incident to negatively impact Q2 2024 earnings due to slower vehicle sales.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 8:06 pm

SAH

Sonic Automotive (SAH) has reported a cybersecurity incident affecting its dealer management and CRM systems. While basic DMS functionality has been restored, other systems remain offline. The incident is expected to negatively impact Q2 2024 earnings due to slower vehicle sales.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 8:05 pm

LYV

Hackers have leaked alleged Taylor Swift tickets and are increasing their extortion efforts against Ticketmaster. This incident could impact Ticketmaster's parent company, Live Nation Entertainment (LYV), by affecting consumer trust and potentially leading to financial and reputational damage.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 5:08 pm

DRPRY

Porsche is recalling 17,278 Taycan EVs in China due to brake issues, marking the second recall in a year. The recall, starting on August 31, 2024, addresses potential cracks in front brake hoses that could lead to brake fluid leakage and increased crash risk. Porsche will replace the affected parts free of charge.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2024 | 3:30 pm

SU

Suncor Energy Inc. (NYSE: SU) has temporarily shut down its Firebag oil sands site in northern Alberta due to wildfire risks. The company has reduced production and retained only essential personnel at the facility. Despite the shutdown, there is no risk to other operations or the Firebag airport. The Alberta government recently fined Suncor's majority-owned Syncrude Canada for a safety violation.

Portfolio Pulse from Lekha Gupta

July 05, 2024 | 3:01 pm