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Security

TSLA

Elon Musk is scheduled to visit Tesla's German Gigafactory on Wednesday morning after it was targeted in an arson attack, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:13 am

GOOG

MSFT

The ongoing feud between Mark Cuban and Elon Musk extends to AI bias discussions, with Musk criticizing AI models like OpenAI's GPT-4 and Google's Gemini for bias, while Cuban argues that no AI can be bias-free and market preferences will dictate AI development. Musk has also been promoting his own AI, xAI's Grok, as unbiased. The debate includes concerns over AI content moderation filters and calls for open-sourcing AI technologies.

Portfolio Pulse from Rounak Jain

March 12, 2024 | 9:10 am

BTCUSD

DOGEUSD

SHIBUSD

In February, crypto phishers stole $47 million, mainly through fake accounts on Elon Musk's X, targeting Bitcoin, Dogecoin, and Shiba Inu users. Over 57,000 victims were affected, with Ethereum mainnet and ERC-20 tokens being the primary targets. Despite more victims, the total stolen amount decreased from January. High-profile accounts, including MicroStrategy's, were hacked, contributing to the losses. The first two months of 2024 saw $104 million lost to phishing, with Ethereum users suffering $78 million of those losses. The U.S. saw a 53% increase in cryptocurrency scam losses in 2023, totaling $3.94 billion.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 7:54 am

BA

Former Boeing employee John Barnett, known for raising safety concerns, was found dead amid legal turmoil with the company. Barnett, who worked at Boeing for 32 years and retired in 2017, had been involved in a whistleblower lawsuit against Boeing, raising issues about safety and production standards at the North Charleston plant. His death comes as Boeing faces increased scrutiny over production standards and safety, highlighted by recent incidents and FAA audits revealing quality control failures.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 5:44 am

META

Meta Platforms Inc. (NASDAQ:META) has filed a lawsuit against its former Vice President, Dipinder Singh Khurana, for allegedly stealing confidential documents before joining a new AI cloud computing startup. Khurana, who worked at Meta for 12 years, is accused of uploading sensitive information to personal cloud storage, leading to the departure of at least eight Meta employees to his new company. The lawsuit was filed in California state court, highlighting Meta's efforts to protect its intellectual property and confidential information.

Portfolio Pulse from Ananya Gairola

March 12, 2024 | 2:41 am

BA

Boeing Co (NYSE:BA) shares dropped following a Justice Department investigation into an Alaska Airlines incident and a separate event involving a Boeing 787 Dreamliner operated by Latam Airlines. The investigation concerns a door plug blowing out mid-flight, and the Dreamliner experienced a nosedive due to a 'technical event', leading to hospitalizations.

Portfolio Pulse from Adam Eckert

March 11, 2024 | 6:15 pm

ROKU

Over 15,000 hacked Roku accounts were sold for 50 cents each, primarily to purchase hardware. This incident highlights significant security concerns for Roku and its users, potentially affecting consumer trust and Roku's market reputation.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 5:57 pm

META

SNAP

Former President Donald Trump criticized Meta Platforms Inc (NASDAQ:META), calling it 'an enemy of the people' and expressing opposition to a TikTok ban, suggesting it would benefit Meta. Trump's comments led to a 3.74% drop in Meta's stock and also negatively impacted other social media stocks, including Snap Inc (NYSE:SNAP), which fell 3.47%. Trump's critique stems from his belief that Meta, among other companies, poses a national security risk by potentially sharing data with foreign entities.

Portfolio Pulse from Adam Eckert

March 11, 2024 | 5:21 pm

ALK

BA

The US Justice Department has initiated a grand jury for a criminal investigation into a Boeing Co. door plug incident on an Alaska Airlines flight on Jan. 5. This move indicates a deepening probe into Boeing's potential criminal liability.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 5:16 pm

XOM

Exxon Mobil has confirmed a major fire at its Port-Jerome Refinery, resulting in five slight injuries, according to a union source and Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:58 pm