Streetbeat News

Security

TMUS

The U.S. Federal Communications Commission (FCC) has finalized nearly $200M in fines against U.S. wireless carriers for illegal consumer data disclosures. T-Mobile and its Sprint unit are facing the largest fine of $103M.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 5:22 pm

EIS

ISRA

SPY

USO

The U.S. has issued a warning that any action by the International Criminal Court (ICC) against Israel could potentially harm the chances of achieving a cease-fire. This statement underscores the delicate balance of international diplomacy and the potential impact of legal actions on peace processes.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:13 pm

TSLA

Elon Musk, CEO of Tesla and SpaceX, criticized a proposed decade-long security agreement between the U.S. and Ukraine, labeling it as 'the forever war.' Musk's comments came in response to a post about Ukrainian President Zelenskyy's announcement of the agreement, which could entail U.S. support levels for the next ten years. This criticism aligns with Musk's previous concerns over the Ukraine conflict and his efforts to aid Ukraine with Starlink internet satellites, despite controversies.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 1:50 pm

BYDDF

NIO

TSLA

China's industrial association has released a list of 76 intelligent connected vehicle models that comply with the country's auto data security standards, including models from Tesla, BYD, Li Auto, Lotus, Hozon New Energy Automobile, and NIO. The vehicles underwent tests for compliance with data anonymization, non-collection of in-car data, in-car data processing, and notification of personal information processing, starting in November 2023.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:19 pm

ARQQ

INTC

Arqit Quantum Inc. has partnered with Intel to launch the world's first quantum-safe 1.89 Tb IPsec products, utilizing Arqit's Symmetric Key Agreement Platform on Intel Xeon Scalable processors. This collaboration aims to provide high-performance encryption solutions that guard against quantum attacks, with financial terms not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 11:08 am

ITA

URTH

Elon Musk commented on Switzerland's war preparedness, highlighting the country's extensive bunker systems amid global tensions. He suggested Switzerland could survive a potential World War 3. The discussion was sparked by a video on X showcasing Switzerland's defenses, including bunkers and shelters equipped with luxury amenities. Musk's comments come against the backdrop of ongoing conflicts and his previous warnings about the risk of a global war. The iShares MSCI World ETF (URTH) and the iShares U.S. Aerospace & Defense ETF (ITA) were mentioned with their recent performance.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 9:01 am

AAPL

GRND

META

MSFT

NVDA

RDDT

SPOT

STM

TSLA

Last week in consumer tech saw mixed earnings reports, with STM and META missing and beating consensus estimates, respectively, and SPOT outperforming in both revenue and EPS. Elon Musk addressed legal disputes and criticized Social Security, while emphasizing Tesla's AI and robotics focus. Microsoft and Meta announced a VR collaboration, and Apple faced challenges in China and adjusted its Vision Pro shipments. The U.S. moves closer to a TikTok ban, raising free speech concerns. Nvidia acquires Run:ai, and Meta plans to open-source a $10 billion AI model. Privacy concerns hit Reddit and Grindr.

Portfolio Pulse from Lekha Gupta

April 28, 2024 | 9:53 pm

AMD

INTC

NVDA

QCOM

U.S. Secretary of State Antony Blinken clarified that U.S. export controls on advanced computing chips to China are not aimed at hindering China's economic or technological progress but are focused on sensitive technology that could pose a security threat. Despite stringent controls affecting companies like Nvidia and AMD, Intel and Qualcomm have been granted export licenses to supply chips to Huawei. This policy aims to balance national security concerns with the economic interdependence between the U.S. and China.

Portfolio Pulse from Ananya Gairola

April 27, 2024 | 7:45 am

AMD

NVDA

The U.S. and China have agreed to hold their first high-level talks on artificial intelligence (AI), as confirmed by U.S. Secretary of State Antony Blinken. These discussions aim to address potential risks and safety concerns related to AI. Amidst ongoing trade and national security issues, the U.S. has imposed restrictions on the export of advanced AI chips to China, affecting companies like Nvidia Corp. (NVDA) and Advanced Micro Devices (AMD). The talks could influence the future of technological competition and cooperation between the two nations.

Portfolio Pulse from Rounak Jain

April 27, 2024 | 3:13 am

DOGEUSD

Swing trader Picolas Cage criticizes meme coins as harmful to the cryptocurrency ecosystem, labeling them as 'pure ponzi' schemes that exploit less informed investors. He contrasts this with Dogecoin's previous success, which he views differently due to its origins and impact. Cage argues that meme coins create an unfair market dynamic, divert attention from genuine innovation, and pose risks to uninformed investors.

Portfolio Pulse from Khyathi Dalal

April 26, 2024 | 7:28 pm