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Security

SPY

VGK

Sweden has officially joined NATO, as confirmed by a NATO statement. This development could have implications for geopolitical stability and defense-related stocks.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:29 pm

SPY

Fed Chair Powell highlighted that various forms of insurance have significantly contributed to recent inflation pressures. This statement was made during a session, details of which can be found on the official Senate banking website.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:03 pm

SUGP

SU Group has announced a 2-year security guard bid for a property, indicating a strategic move to enhance security measures. This could signal a focus on asset protection and potentially impact operational costs.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:03 pm

EQT

UGA

UNG

USO

A Houthi missile attack on the M/V True Confidence in the Gulf of Aden killed three and injured several, disrupting global trade and causing freight carriers to avoid the Red Sea route, leading to increased shipping rates. Oil prices have risen to four-month highs amid the Gaza conflict, affecting the United States Oil Fund (USO), which saw a 1.2% rise but a 0.6% dip in pre-market trade. The United States Gasoline Fund ETF (UGA) is up 16%, and the United States Natural Gas Fund ETF (UNG) gained 5.5% after EQT Corporation announced a production cut. Cease-fire talks in Gaza are deadlocked, raising fears of increased regional tensions.

Portfolio Pulse from Neil Dennis

March 07, 2024 | 1:44 pm

MSFT

Marc Andreessen and Steven Sinofsky have publicly supported Elon Musk's stance on open source software amidst his lawsuit against Microsoft-backed OpenAI. Andreessen emphasized the security benefits of open source software on X, countering the notion that it's less secure than closed source. This discussion is part of a larger debate initiated by Musk's criticism of OpenAI for not open-sourcing their AI technology, accusing it of becoming a closed-source subsidiary of Microsoft focused on profit.

Portfolio Pulse from Rounak Jain

March 07, 2024 | 12:27 pm

GOOG

GOOGL

Google engineer Linwei Ding, employed by Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), has been indicted for allegedly stealing AI trade secrets, including designs for Google's tensor processing unit chips and specifications for GPUs. The theft, involving over 500 confidential files, occurred between May 2022 and May 2023. Ding faces up to ten years in prison and a $250,000 fine for each of the four counts of theft if convicted. This incident is part of broader tensions between the U.S. and China over technological advancements.

Portfolio Pulse from Ananya Gairola

March 07, 2024 | 5:30 am

CRWD

GOOGL

CrowdStrike CEO George Kurtz warns of the increasing use of advanced AI tools by cybercriminals, making cyberattacks more sophisticated. He emphasizes the need for effective security platforms leveraging AI to combat these threats. The discussion also touches on the broader industry concern over AI in cybercrime, with tech giants like Google developing AI-powered tools for cybersecurity.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 3:27 am

BTCUSD

Cloaked Wireless announced the launch of a new suite of services aimed at protecting users from SIM swap and port-out attacks, allowing payment in Bitcoin. This makes it one of the first U.S. wireless service providers to accept cryptocurrency. The company emphasizes user privacy, minimal data collection, and advanced authentication technologies to combat mobile security breaches. Cloaked Wireless operates as an MVNO and offers free lifetime service to key Bitcoin core developers, highlighting its commitment to secure communication and support for the cryptocurrency community.

Portfolio Pulse from Murtuza Merchant

March 06, 2024 | 10:34 pm

FXI

GOOG

GOOGL

SPY

The U.S. has indicted former Google software engineer Linwei Ding for allegedly stealing trade secrets related to artificial intelligence to aid Chinese companies. This development could have implications for Google's competitive edge in AI technology and may affect U.S.-China relations in the tech sector.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:15 pm

SPY

USO

The U.S. State Department commented on the death of two sailors in a Houthi attack in the Red Sea, stating it was 'sadly inevitable' and reaffirmed the U.S. commitment to hold the Houthis accountable for their actions.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 6:28 pm