Streetbeat News

Security

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

CHKP

NVDA

Check Point Software Technologies Ltd. (CHKP) and NVIDIA (NVDA) have announced a collaboration to enhance the security of AI cloud infrastructure. The partnership involves integrating NVIDIA's BlueField DPUs into Check Point's new AI Cloud Protect solution, aimed at preventing threats at both network and host levels. This solution is designed to protect sensitive and private AI workloads against cyber threats, addressing the increasing sophistication of attacks targeting AI, such as backdooring AI models and data exfiltration. The AI Cloud Protect, powered by NVIDIA BlueField 3 DPU and DOCA software, offers robust defense against AI-specific threats, scalable integration, and optimized performance without compromising AI operations.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 2:10 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are trading mixed amid a wider market correction, with predictions of Bitcoin rallying to $160K. In the US market, DLocal reported mixed Q4 results, joining other stocks moving lower. Global and US political developments include discussions on property seizures, social media censorship, and international tensions. The US and world economy show signs of strength and challenges, with rate changes and legal issues for companies like Evergrande. In tech, AI's impact on companies like Apple, Nvidia, and Tesla is highlighted, alongside discussions on electric vehicles and cybersecurity collaborations. Consumer, communication, industrial, and healthcare sectors also saw significant news.

Portfolio Pulse from Akanksha Bakshi

March 19, 2024 | 1:17 pm

ERIC

Ericsson (NASDAQ:ERIC) has launched Ericsson Federal Technologies Group (EFTG) to drive 5G digital transformation for U.S. federal agencies, emphasizing national security and economic benefits. EFTG, led by Christopher Ling, aims to leverage Ericsson's 5G technology and Made in the USA equipment to meet U.S. Government requirements. The initiative underscores Ericsson's commitment to U.S. connectivity, security, and technological leadership.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:21 pm

F

HMC

The National Highway Traffic Safety Administration (NHTSA) is investigating a fatal crash involving a Ford Motor Company's Mustang Mach-E in San Antonio, Texas, due to suspicions that an advanced driver assistance system was active. The crash, which occurred on February 24, also involved a stationary Honda Motor Co Ltd CR-V. This marks NHTSA's first special crash investigation into a Ford advanced system, while the NTSB has also initiated a separate inquiry focusing on the interaction between vehicle operators and advanced driver assistance systems.

Portfolio Pulse from Shivani Kumaresan

March 19, 2024 | 10:52 am

TSLA

Elon Musk criticized the Biden administration for its alleged inaction against organized foreign gangs responsible for a surge in home burglaries in Los Angeles and Arizona. Musk, CEO of Tesla and SpaceX, expressed his concerns on X, highlighting the formation of a special task force by the LAPD to combat these crimes. He has been vocal about the U.S. government's immigration policies and their impact on national security, adding to his ongoing commentary on the potential risks associated with current policies.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 9:32 am

BTCUSD

Bitcoin experienced a dramatic drop to $8,900 on BitMEX, diverging from its $67,400 average global price. The flash crash was followed by a swift recovery. Concerns over market exuberance after spot ETF approvals and a spike in futures market volatility were noted. Grayscale and Fidelity Bitcoin ETFs saw significant outflows, with a collective net outflow of $154.3 million for spot Bitcoin ETFs. BitMEX addressed the crash, attributing it to aggressive selling by a few accounts but assured that all systems were normal and funds safe.

Portfolio Pulse from Mehab Qureshi

March 19, 2024 | 9:21 am

GOOG

GOOGL

Elon Musk criticized Alphabet Inc. (GOOG, GOOGL) for alleged bias in Google's email filtering and news curation, suggesting it disproportionately affects Republican fundraising and election outcomes. Citing studies and reports, Musk highlighted Google's spam filtering of GOP emails and its news curation favoring left-leaning sources. Musk's comments amplify concerns about Google's political bias and its potential impact on elections.

Portfolio Pulse from Ananya Gairola

March 19, 2024 | 3:31 am

CRWD

NVDA

CrowdStrike has announced a partnership with NVIDIA to enhance cybersecurity measures using generative AI technologies. This collaboration aims to leverage NVIDIA's advanced AI capabilities to improve threat detection and response, marking a significant step forward in the use of AI in cybersecurity.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:09 pm