Streetbeat News

Security

SPY

Federal Reserve Chair Jerome Powell announced that the Fed will slow the pace of its balance sheet run-off to ensure a smooth transition and mitigate the risk of money market stress. This move aims to limit the volatility in the money markets.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:40 pm

SMX

SMX shares surged following the announcement of a pilot program with PepsiCo aimed at combating counterfeiting. This collaboration highlights SMX's innovative solutions in the security domain and PepsiCo's commitment to protecting its brand.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:31 pm

SPY

Senate committees are considering holding a public hearing on legislation aimed at cracking down on TikTok, as per Reuters citing Senate Commerce Committee Chair Cantwell. This move indicates a serious consideration of regulatory actions against TikTok, reflecting growing concerns over privacy and national security.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:28 pm

UNH

UnitedHealth Group (NYSE:UNH) is grappling with the aftermath of a ransomware attack on its technology arm, Change Healthcare, which has severely impacted the U.S. healthcare system, especially community health centers. Despite disbursing over $2 billion in advance payments to aid affected healthcare providers, many centers, particularly those serving rural and vulnerable populations, continue to face operational and financial challenges. The attack, which began on February 20, has led to significant disruptions, including a backlog of claims and increased operational costs for these centers. UNH shares dropped slightly by 0.24% to $492.16.

Portfolio Pulse from Vandana Singh

March 20, 2024 | 2:53 pm

EIS

Israeli Prime Minister Netanyahu announced preparations for an invasion of Rafah, indicating it will take some time. This development could have implications for regional stability and potentially affect related US-listed assets.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:48 pm

EIS

USO

A senior official from Hamas has stated that Israel's response to their ceasefire proposal was negative, according to Reuters. This development could potentially escalate tensions in the region.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:40 pm

ZM

Zoom has announced the launch of Zoom Compliance Manager, a new tool aimed at helping businesses manage their compliance with various regulations. This move is part of Zoom's ongoing efforts to enhance its platform's security and compliance features, making it more attractive for corporate and enterprise clients.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 1:08 pm

TSLA

Canadian national Klaus Pflugbeil, residing in China, was arrested in New York for allegedly sending Tesla's trade secrets to an undercover law enforcement officer. Pflugbeil, along with Yilong Shao, operated a business selling battery manufacturing technology. They are accused of stealing trade secrets from Tesla, specifically related to battery components and assembly, threatening America's technological edge and national security. Pflugbeil faces up to 10 years in prison if convicted.

Portfolio Pulse from Anan Ashraf

March 20, 2024 | 10:04 am

COIN

Coinbase Global Inc has acknowledged that some users are experiencing issues with their cryptocurrency transactions appearing as 'pending'. The company is aware of the situation and is presumably working on a resolution.

Portfolio Pulse from Happy Mohamed

March 19, 2024 | 6:35 pm

UNH

UnitedHealth Group (NYSE:UNH) has taken significant steps to mitigate the impact of a cybersecurity breach at its Change Healthcare technology arm, including disbursing over $2 billion in advance payments to support healthcare providers. The company is actively working to restore services, with new medical claims preparation software launched and services to be reinstated in phases. The Biden administration has urged UnitedHealth to help stabilize the U.S. health system, and the company has suspended certain authorizations to assist care providers. Following the cyberattack, UnitedHealth's Change Healthcare pharmacy network is now operational, with major systems up and nearly all pre-incident claim volume restored. The U.S. Department of Health and Human Services is investigating the cyber-attack.

Portfolio Pulse from Vandana Singh

March 19, 2024 | 4:58 pm