Streetbeat News

Security

MSFT

The Pentagon is considering expanding its use of Microsoft software, specifically upgrading to Microsoft's E5 licenses, to support its zero trust security strategy. This move has raised concerns among competitor cybersecurity and software vendors. The transition is expected to be completed by June 2025.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 4:30 pm

SOLUSD

Solana-based meme coin platform Pump.Fun was exploited for $1.9M by a former employee using flash loans. The platform has halted trading, redeployed contracts, and pledged to repay users. The incident affected a small portion of the platform's total liquidity pool.

Portfolio Pulse from Murtuza Merchant

May 17, 2024 | 3:27 pm

TSLA

Thieves targeted Tesla charging stations in Vallejo, California, stealing copper cables and causing temporary downtime. The incident highlights vulnerabilities in Tesla's charging infrastructure, especially as the company opens its Supercharger network to other EV makers. Copper theft is on the rise due to high copper prices.

Portfolio Pulse from Anan Ashraf

May 17, 2024 | 12:07 pm

TSLA

Shanghai has allowed companies in its free-trade Lingang Area, including Tesla, to transfer certain data overseas without further security assessments. This pilot project facilitates data transfer in fields like intelligent vehicles, which could benefit Tesla's operations and FSD software development in China.

Portfolio Pulse from Anan Ashraf

May 17, 2024 | 11:39 am

GOOG

GOOGL

Alphabet Inc.'s Google is set to introduce its Gemini AI to schools, focusing on enhanced data privacy. The AI will be integrated into Workspace for Education accounts at no extra cost, using the older Gemini 1.0 Pro model. Chromebooks will also receive new accessibility features. The launch is scheduled for May 23.

Portfolio Pulse from Ananya Gairola

May 17, 2024 | 1:37 am

SPY

Jean-Pierre expressed confidence that the Bureau of Labor Statistics (BLS) will resolve the recent data leak issue, where early CPI data was released inadvertently. This incident has raised concerns about the integrity of sensitive economic data handling.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 6:33 pm

AXON

NYC Mayor Eric Adams has announced a new program in collaboration with Axon unit Fusus to combat retail theft. This initiative aims to leverage technology to enhance security and reduce crime in retail stores.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 5:21 pm

META

VOX

XLC

Meta Platforms Inc. (NASDAQ:META) is under investigation by EU regulators for potential violations of child safety rules under the Digital Services Act (DSA). The European Commission is concerned about the impact of Facebook and Instagram's algorithms on children and Meta's age verification methods. Violations could result in substantial fines. Meta's stock has gained over 99% in the last 12 months, and investors can gain exposure through Vanguard Communication Services ETF (NYSE:VOX) and Communication Services Select Sector SPDR Fund (NYSE:XLC).

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 3:52 pm

DELL

Ireland's Data Protection Commission (DPC) is investigating a data breach involving Dell customers' personal information. Dell has notified regulators and customers about the breach, which included names, physical addresses, and order information. Dell believes the risk to customers is minimal.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:36 pm

EIS

ISRA

SPY

USO

The leader of Yemen's Houthis has declared that any ship heading to Israeli ports will be targeted, extending their operations beyond the Red Sea region.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:55 pm