Streetbeat News

Security

SPY

Fed's Bowman highlighted the current restrictive stance of the Fed's monetary policy, expressing uncertainty about continued supply-side improvements reducing inflation. She pointed out risks such as strong consumer demand, increased immigration, and a tight labor market potentially maintaining high core services inflation. Additionally, new immigrants in areas with scarce affordable housing could elevate rents, and geopolitical developments pose an inflationary risk.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:48 pm

EVLV

Evolv Technology (NASDAQ: EVLV) has expanded its partnership with Cape Fear Community College to enhance safety at the Wilson Center with its AI-based Evolv Express screening system. This system, which differentiates between threats and non-threatening metal objects, improves entry efficiency and safety. The upgrade to Express in 2023 marks a continuation of the school's use of Evolv's technology since 2019. This partnership highlights Evolv's growing presence in the Carolinas and its broad application across various venues, including schools, performing arts centers, sports facilities, and more.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 12:15 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT), led by Satya Nadella, is enhancing its security team by appointing new security chiefs, including Ann Johnson as deputy CISO, in response to criticism over cyberattacks. Despite facing security breaches, Microsoft reported a 17% increase in third-quarter revenue to $61.9 billion, exceeding expectations.

Portfolio Pulse from Ananya Gairola

May 03, 2024 | 5:50 am

ALK

BA

SPR

Boeing Co (NYSE:BA) shares rose despite another whistleblower's sudden death, amid broader market gains following the Fed's decision to maintain interest rates. The deceased, a former Spirit AeroSystems (NYSE:SPR) quality auditor, had raised safety concerns about Boeing's 737 Max, which previously faced scrutiny after an Alaska Air Group (NYSE:ALK) plane lost an emergency door. This incident adds to Boeing's ongoing safety and legal challenges, including a criminal investigation and potential DOJ penalties.

Portfolio Pulse from Natan Ponieman

May 02, 2024 | 7:37 pm

AMZN

CRWD

Amazon.com Inc (AMZN) and CrowdStrike Holdings Inc (CRWD) have expanded their strategic partnership to enhance cybersecurity and cloud transformation. Amazon will use CrowdStrike's Falcon platform for comprehensive cybersecurity, replacing various cloud point products with Falcon Cloud Security. CrowdStrike will increase its use of AWS services to innovate in cloud security and AI applications. This collaboration aims to provide technologies for customers to build and secure their cloud businesses.

Portfolio Pulse from Shivani Kumaresan

May 02, 2024 | 6:25 pm

FXI

SPY

T

VZ

The FCC has reported that approximately 40% of U.S. telecom companies are unable to replace Huawei and ZTE equipment in their networks without further government funding, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 5:57 pm

ORCL

Oracle has launched Oracle Database 23ai, enhancing its database services with AI capabilities, including AI Vector Search for efficient data search and analysis. This release, available on Oracle Cloud Infrastructure and other platforms, introduces over 300 features aimed at simplifying AI integration, accelerating application development, and supporting mission-critical workloads. Key innovations include AI Vector Search, Exadata System Software 24ai for faster AI searches, OCI GoldenGate 23ai for real-time data replication, and new developer-friendly features like JSON Relational Unification and Free Developer Databases. Oracle also introduced mission-critical data solutions such as Globally Distributed Database with RAFT for hyperscale and data sovereignty, True Cache for improved application performance, and an In-Database SQL Firewall for enhanced security.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:06 pm

TD

TD Bank has been fined C$9.2 million by Canadian regulators for failing to comply with the country's money-laundering laws. The bank did not submit suspicious transaction reports, properly assess and document financing risks, among other failings.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:05 pm

IDAI

Trust Stamp (NASDAQ:IDAI) has received an allowance notification for a new utility patent titled 'Personal Identifiable Information Encoder', expanding its AI-powered patent portfolio into data protection. This addition strengthens Trust Stamp's intellectual property, with 20 allowed and issued patents and 13 more pending. The patent is significant for its potential in enhancing security against cyber-attacks and improving privacy through tokenized data storage and sharing, aligning with privacy laws like GDPR.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:01 pm

SPY

USO

VGK

Russia has exceeded the UN Security Council's annual cap of 500 barrels by shipping refined petroleum to North Korea. The U.S. is coordinating with allies to respond with sanctions.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:59 pm