Streetbeat News

Security

GAU

Galiano Gold has reported a fatal security incident at its AGM site involving illegal miners. The company is addressing the situation and has informed the relevant authorities.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 6:24 am

AAPL

Edward Snowden expressed concerns about children's screen time and shared his personal struggle with internet addiction during his teenage years. He highlighted the challenge of managing screen dependency and reflected on his own extreme measures to stay online despite physical pain. Snowden's comments underscore the balance between recognizing technology's potential and cautioning against its risks, especially for children.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 1:58 am

BLK

JPM

Presidential candidate Robert Kennedy Jr. criticized big banks like BlackRock and JP Morgan for influencing Congress against Bitcoin, emphasizing the need for transactional freedom and protection against inflation for the middle class. He highlighted the importance of Bitcoin in ensuring such freedoms, contrasting with government-controlled digital currencies. Donald Trump also expressed a cautious acceptance of Bitcoin and opposed central bank digital currencies, citing control over money as a threat to freedom.

Portfolio Pulse from Shanthi Rexaline

March 02, 2024 | 8:29 pm

RCAR

This week's financial crime news includes a trial of Jian Wen for laundering billions in Bitcoin, Janet Yamanaka Mello's guilty plea for defrauding the U.S. Army of $108 million, and a final judgment against RenovaCare Inc. (OTC:RCAR) for a pump and dump scheme involving the 'SkinGun'. Jian is accused of laundering for a fraudulent scheme in China, Mello used a charity as a front for her fraud, and RenovaCare's executives were charged with securities fraud.

Portfolio Pulse from Neil Dennis

March 01, 2024 | 6:35 pm

BNBUSD

Nigeria has imposed a $10 billion fine on Binance, accusing it of manipulating exchange rates and causing significant financial losses. The government alleges Binance's activities led to a 70% drop in the Naira's value. Two Binance executives have been arrested on charges including money laundering and financing terrorism. The Central Bank of Nigeria claims $26 billion was transacted through Binance Nigeria, with many trades from unidentifiable sources. Binance is cooperating with the investigation but is criticized for not being registered according to Nigerian laws.

Portfolio Pulse from Murtuza Merchant

March 01, 2024 | 3:38 pm

UNH

UnitedHealth Group Inc's (NYSE:UNH) tech unit is experiencing a week-long ransomware outage caused by the 'Blackcat' ransomware gang, disrupting payment processing and causing financial strain for healthcare providers. The outage affects prescription deliveries and claims processing, leading to cash shortages for both large hospital chains and small businesses. The situation is severe, with some businesses unable to bill at all. The timeline for resolution is uncertain, with potential impacts lasting up to 30 days or more. UNH shares are slightly down in premarket trading.

Portfolio Pulse from Vandana Singh

March 01, 2024 | 3:28 pm

VSTO

MNC Capital has proposed to acquire Vista Outdoor Inc. (VSTO) for $35.00 per share in cash, offering a substantial premium over its current share price. This proposal is presented as superior to Vista's current plans to sell its Sporting Products division to CZECHOSLOVAK GROUP a.s. and to spin off its Outdoor Products division into a public company, Revelyst, Inc. MNC's offer aims to keep the Sporting Products business under U.S. ownership, emphasizing its national security importance and proposing a quicker, all-cash transaction without regulatory or CFIUS review concerns.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:44 pm

AAPL

META

A U.S. court has ordered NSO Group to share its Pegasus spyware code with WhatsApp, owned by Meta Platforms Inc. (NASDAQ:META), marking a significant victory for WhatsApp in its lawsuit against NSO for spying on users. This development is part of ongoing legal battles involving NSO's Pegasus spyware, including a lawsuit by Apple Inc. (NASDAQ:AAPL) accusing NSO of infiltrating iPhones.

Portfolio Pulse from Rounak Jain

March 01, 2024 | 1:22 pm

AMZN

WMT

A Consumer Reports investigation found significant security vulnerabilities in video doorbells sold by Amazon.com Inc. (NASDAQ:AMZN) and Walmart Inc. (NYSE:WMT), including susceptibility to hacking. Despite these risks, Amazon continues to feature one of the vulnerable doorbells as 'Amazon's Choice'. Walmart has taken steps to remove these doorbells from its marketplace and offer refunds. The situation highlights concerns about the security of smart home devices and the responsibility of retailers to ensure product safety.

Portfolio Pulse from Ananya Gairola

March 01, 2024 | 8:25 am

BA

Boeing Co. (NYSE:BA) has agreed to a $51 million settlement with the U.S. State Department for unauthorized exports of technical data to China and Russia, violating the Arms Export Control Act and International Traffic in Arms Regulations. The violations, occurring between 2013 and 2017, were disclosed by Boeing between 2017 and 2022. The settlement includes a two-year oversight by a special compliance officer and a $24 million suspension of the penalty if used to enhance Boeing's compliance program. This follows other regulatory challenges for Boeing, including a grounding order for some 737 Max 9 jets.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 3:30 am