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Security

MQ

SQ

The Bear Cave released a report on Marqeta (MQ), criticizing its financial stability and its association with facilitating criminal payments through Cash App, owned by Block (SQ). Marqeta, a card issuing platform, is under scrutiny due to its major customer Block and banking partner Sutton Bank facing regulatory investigations. The report highlights Marqeta's role in processing payments for a child pornography site, emphasizing the use of Cash App for transactions. Marqeta's revenue heavily relies on Block, contributing 68% in 2023. Despite controversies, Marqeta's payment processing volume doubled from 2021 to 2023.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:32 pm

SPY

Fed's Harker commented that inflation remains excessively high and expressed uncertainty about whether artificial intelligence will significantly enhance productivity.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:03 pm

V

Skipify, a fintech company, partners with Visa (NYSE:V) to enhance its Connected Wallet through the Visa Digital Commerce Program. This collaboration aims to simplify and secure the checkout process by integrating Visa's Click to Pay cards with Skipify's digital wallet, leveraging Visa's tokenization technology to reduce fraud risk. The partnership will expand Skipify's reach and offer a more seamless checkout experience, benefiting both merchants and consumers.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:02 pm

ETH-USD

VanEck predicts Ethereum Layer 2 networks will surpass a $1 trillion valuation by 2030, based on an evaluation of 46 L2 networks. Currently, Arbitrum leads with $18 billion in locked tokens. Despite potential growth, VanEck remains bearish on many networks due to competition and risks like an oversupply of L2 tokens.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 12:54 pm

HCTI

Healthcare Triangle, Inc. (HCTI) shares surged following the announcement of its partnership with Cynomi to bolster cybersecurity measures in the healthcare sector. This collaboration aims to address the growing concerns over data security in healthcare, leveraging Cynomi's expertise to enhance protection against cyber threats.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:21 pm

HCTI

Healthcare Triangle (HCTI) has announced a partnership with Cynomi to enhance cybersecurity measures in the healthcare sector. The financial terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:07 pm

AAPL

NVDA

TSM

UMC

Taiwan's recent earthquake, the biggest since 1999, poses a significant risk to the global semiconductor supply chain, affecting major chipmakers like TSMC (OTC:TSM) and UMC (NYSE:UMC). Both companies halted operations for inspections, impacting the supply chain. TSMC, crucial for tech giants like Nvidia (NASDAQ:NVDA) and Apple (NASDAQ:AAPL), managed to evacuate safely and plans to resume production quickly. However, the event highlights the geopolitical and natural disaster risks of Taiwan's central role in chip manufacturing.

Portfolio Pulse from Upwallstreet

April 04, 2024 | 10:18 am

META

NFLX

Elon Musk criticized Meta Platforms Inc. (META) following a recent outage of Facebook, Instagram, and WhatsApp, attributing it to the company's alleged distraction with selling user data. This incident comes amid allegations and court filings accusing Meta of sharing user data with Netflix (NFLX) and other privacy concerns. Meta has denied these allegations.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 9:32 am

AAPL

AMZN

A study on 'grief tech' reveals a generational divide in attitudes towards digital avatars as a means to cope with grief, with younger generations showing more openness. Ethical concerns about data privacy are highlighted. The trend reflects a broader societal shift towards integrating technology in life and death, raising privacy and ethical issues, as seen in various industries.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 8:23 am

MSFT

Call of Duty has intensified its efforts against Ranked Play progression boosting, targeting accounts in Modern Warfare 3 and Warzone, owned by Microsoft Corp.'s Activision Inc. The crackdown involves resetting the Skill Rating (SR) progression of flagged accounts and removing them from leaderboards, with ongoing monitoring for new detections. This move, ahead of Season 3, aims to improve the gaming experience and has been well-received by fans, though calls for further security enhancements persist.

Portfolio Pulse from Franca Quarneti

April 03, 2024 | 8:59 pm