Streetbeat News

Security

Boeing Co. (NYSE:BA) faces sanctions from the NTSB for unauthorized disclosure of 737 MAX investigation details, straining its relationship with government agencies and risking criminal charges from the DOJ. The FAA also issued a new safety directive for Boeing's 757-200 airplanes.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 11:32 am

SOLUSD

A Solana-based meme coin, Doraemon (DORAE), surged to a $2.4 billion market cap within 24 hours before crashing over 99% due to apparent insider trading. An individual dumped 2.5 million DORAE tokens for 10,538 Solana (SOL), causing the price to plummet.

Portfolio Pulse from Khyathi Dalal

June 27, 2024 | 11:15 am

A whistleblower has accused Boeing of unsafe manufacturing practices for its 787 Dreamliner, claiming improperly drilled holes in the forward pressure bulkheads. Boeing has stated that these issues do not present a safety concern. The allegations come amid ongoing scrutiny and legal challenges for Boeing.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 9:51 am

BTCUSD

ETHUSD

IDCBF

Indonesia has experienced a significant cyberattack by the LockBit ransomware gang, affecting over 40 government entities, including major airports and immigration services. The attackers demanded an $8 million ransom in Bitcoin and Ethereum, which the government refused to pay. Efforts are ongoing to restore data at affected agencies.

Portfolio Pulse from Aniket Verma

June 27, 2024 | 5:25 am

LSCC

Lattice Semiconductor has launched the MachXO5D-NX FPGAs and updated its Sentry Solution Stack, enhancing its security offerings with crypto-agile algorithms, hardware root of trust, and fail-safe remote updates.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:01 pm

ACMR

AFRM

ANF

DELL

NXE

SMCI

STRL

The article discusses potential Russian retaliation against the U.S. following a Ukrainian attack using American-supplied missiles. It highlights the geopolitical risks and suggests a hedged portfolio method to protect investments. The article mentions several stocks that performed well using this method in the past.

Portfolio Pulse from David Pinsen

June 26, 2024 | 3:28 pm

ITA

PPA

The FAA has issued a new airworthiness directive for 13 Boeing 757-200 airplanes registered in the U.S. due to concerns over fatigue cracking. This directive mandates inspections and repairs to prevent potential in-flight depressurization and structural integrity issues. Boeing is also under scrutiny for multiple flight incidents and may face criminal charges for allegedly breaching a deferred prosecution agreement. Boeing's stock has declined over 14% in the past year.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 2:04 pm

CDK

RMBL

RumbleOn, Inc. has reported that a cyber event impacting CDK Global's systems, which RumbleOn uses for CRM and temporary license processing, is not expected to have a material impact on its financial condition or operations. Workarounds are in place to minimize disruptions.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:12 am

BTCUSD

LYV

SOLUSD

Metallica's official X account was hacked to promote a Solana-based memecoin called METAL, falsely claiming collaboration with Ticketmaster and MoonPay. The token's market cap spiked to $3.37 million before crashing to $30,000. This incident follows similar scams involving 50 Cent and Hulk Hogan, highlighting a trend of cybercriminals exploiting celebrity accounts for pump-and-dump schemes.

Portfolio Pulse from Aniket Verma

June 26, 2024 | 9:11 am

MSFT

OpenAI, backed by Microsoft, will block access to its AI tools in China amid growing tech tensions between the U.S. and China. This move follows U.S. pressure to limit China's access to advanced AI technology.

Portfolio Pulse from Ananya Gairola

June 26, 2024 | 4:08 am