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Security

TSLA

Tesla's stock is trading lower following the announcement of Q1 production and delivery results. The company attributed the decline in volumes to several factors including the production ramp of the updated Model 3, the Red Sea conflict, and an arson attack at Gigafactory Berlin.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:24 pm

TSLA

Tesla reported a decline in volumes, attributing it partially to the early phase of the production ramp of the updated Model 3 at its Fremont factory. Additionally, factory shutdowns were caused by shipping diversions due to the Red Sea conflict and an arson attack at Gigafactory Berlin.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:06 pm

GRRR

Gorilla Technology Group Inc. (NASDAQ:GRRR), in partnership with Protactics, has secured a contract to implement Security Convergence Smart City Video Analytics Solutions in Casanare, Colombia. This project aims to enhance public safety and security using Gorilla's proprietary software and AI technologies, marking a significant step in utilizing AI for community safety and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:29 pm

MSFT

OpenAI, backed by a significant investment from Microsoft Corp (NASDAQ:MSFT), unveiled its new product, 'Voice Engine,' a voice cloning tool. This development marks Microsoft's aggressive expansion into the AI space. Voice Engine, which has been in development for two years, allows users to clone voices from a 15-second sample. Despite potential risks associated with deepfake technology, OpenAI emphasizes responsible deployment. The tool is initially available to a select group of developers.

Portfolio Pulse from Chris Katje

April 01, 2024 | 10:45 pm

USDTUSD

Andrey Zverev, a Russian operative, used Tether (USDT) to transfer millions of dollars for securing drone components for Kalashnikov Concern, bypassing international sanctions. This highlights a significant loophole in sanction enforcement, with over $10 trillion in transactions using Tether in 2023 alone. The U.S. Treasury Department seeks regulatory authority over U.S. dollar-denominated stablecoins like Tether to close this gap. Tether Holdings has initiated a policy to freeze transactions linked to sanctioned entities, but the use of Tether in circumventing sanctions remains a concern.

Portfolio Pulse from Murtuza Merchant

April 01, 2024 | 8:05 pm

USO

An alleged Israeli airstrike in Damascus targeting an Iranian consulate killed a top IRGC commander and others, fueling concerns over a wider Middle-East conflict. This event, along with ongoing cross-border strikes, has contributed to oil prices reaching a six-month high, with Nymex West Texas Intermediate crude oil future price up 17% since the start of the year to $83.90 a barrel. The United States Oil Fund (USO) also saw a 19.4% increase, reaching a six-month high of $79.60.

Portfolio Pulse from Neil Dennis

April 01, 2024 | 7:24 pm

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SPY

USO

Iran's Foreign Ministry Spokesperson, Kanaani, announced that Tehran will determine the nature of its response and punishment against any aggressor, as reported by Reuters citing state media.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 5:34 pm

USO

Oil prices have increased following reports of a strike on the Iranian consulate in Damascus, indicating potential geopolitical tensions that could affect oil supply.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:58 pm

EIS

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USO

Iranian Foreign Minister Amirabdollahian stated that the Israeli attack on the Iranian consulate in Damascus is a violation of international conventions, holding Israel responsible for the consequences. This statement was reported by Reuters, citing state media.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:56 pm

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USO

Iran's Ambassador to Syria has stated that Tehran's response will be harsh, according to Reuters. This statement could potentially escalate tensions in the region, affecting global markets and commodities.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:21 pm