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In a meeting with Macron and Von Der Leyen, China's Xi stated that China, France, and the EU wish for an early ceasefire and peace in Europe, supporting a political settlement of the crisis. Xi emphasized opposing the escalation of fighting, safeguarding international energy and food security, and maintaining stable industrial and supply chains. He clarified that China did not create the Ukraine crisis and is not a party to it.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:16 pm

HOOD

Robinhood Crypto, a subsidiary of Robinhood Markets, Inc. (HOOD), received a Wells Notice from the SEC on May 4, 2024, indicating a preliminary determination to recommend enforcement action for alleged violations of securities laws. This follows investigative subpoenas regarding cryptocurrency listings, custody, and platform operations. The SEC's action could include a range of remedies such as injunctions, penalties, and limitations on activities.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:33 pm

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1847 Holdings has engaged Shareholder Intelligence Services to investigate potentially improper and illegal trading activity in its common stock, aiming to protect shareholder interests and ensure fair trading practices.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:20 pm

CSCO

At the RSA Conference 2024, Cisco (NASDAQ:CSCO) announced new innovations across the Cisco Security Cloud, enhancing its AI-driven, cross-domain security platform. These advancements aim to improve protection for applications, devices, users, and data, and to enable faster detection, response, and recovery from incidents.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:04 pm

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Egypt has heightened its preparedness level in Northern Sinai following the initiation of an Israeli operation in Rafah, according to sources cited by Reuters.

Portfolio Pulse from Charles Gross

May 06, 2024 | 11:49 am

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A. P. Moller Maersk (OTC:AMKBY), the world's largest container shipping company, announced that disruptions in the Red Sea, caused by attacks from Iran-aligned Houthi militants, are expected to reduce the shipping industry's capacity between the Far East and Europe by 15%-20% in Q2. These disruptions have forced vessels to reroute, leading to longer journey times and increased freight rates. Maersk has leased over 125,000 additional containers to enhance reliability and address the capacity shortage, with disruptions likely to persist until the end of the year.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 9:18 am

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Ajit Jain, vice chairman of insurance operations at Berkshire Hathaway, expressed caution towards cyber insurance due to its inherent risks and the current lack of sufficient data to understand true loss costs. Despite the cyber insurance market's growth to a $10 billion industry with high profitability, Jain highlighted the challenges in quantifying losses and the potential for significant aggregation losses. He advised against writing cyber insurance policies, indicating that it often results in losses. This stance comes amid a surge in cyberattacks since the pandemic. Major US-listed companies providing cyber insurance include Marsh & McLennan, Aon Plc, Arthur J. Gallagher & Co., Brown & Brown, and Willis Towers Watson. Berkshire Hathaway reported a significant increase in first-quarter operating earnings, attributed to its insurance businesses.

Portfolio Pulse from Nabaparna Bhattacharya

May 04, 2024 | 10:12 pm

TD Bank Group (NYSE:TD) addresses concerns about its anti-money laundering (AML) program, acknowledging shortcomings in monitoring and reporting illegal activities. CEO Bharat Masrani expressed regret over these failures, emphasizing they do not reflect the bank's values or its dealings with customers. TD has initiated a comprehensive overhaul of its AML program, investing over $500 million in remediation, hiring AML experts, and enhancing technology and processes to improve oversight and compliance.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:28 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) is prioritizing security over new features in response to recent high-profile attacks, as directed by CEO Satya Nadella. The company's Secure Future Initiative will focus on being secure by design, default, and operations, emphasizing the protection of identities, networks, and accelerating threat response. Nadella's memo to employees highlights the importance of security, even over releasing new features or supporting legacy systems, and ties senior leadership compensation to security goals.

Portfolio Pulse from Franca Quarneti

May 03, 2024 | 8:34 pm

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Microsoft Corp (NASDAQ:MSFT) has linked executive compensation to cybersecurity milestones, emphasizing security over new features. This move follows criticism for past security breaches and introduces the Secure Future Initiative, a major security effort. Despite a critical government report on its security culture, Microsoft's recent revenue growth and bullish analyst outlook, particularly for Azure and OpenAI, highlight its strong market position. Microsoft stock has seen a 33% increase over the past year, with exposure also possible through ETFs like XLK and FTEC.

Portfolio Pulse from Anusuya Lahiri

May 03, 2024 | 5:09 pm