Streetbeat News

Security

DUK

Duke Energy Corporation (NYSE:DUK) is phasing out CATL batteries at its civilian projects and decommissioning them at a major Marine Corps base due to concerns over security and pressure from Congress. This decision follows warnings from U.S. officials about potential Chinese government-linked hacking threats to critical infrastructure. Duke Energy aims to replace CATL batteries with those from domestic or allied suppliers by 2027, emphasizing support for a robust American supply chain. Despite reporting an adjusted EPS increase, Duke Energy missed consensus revenue and EPS estimates in its latest financial report.

Portfolio Pulse from Lekha Gupta

February 09, 2024 | 10:55 am

META

Taylor Swift's team sent a letter threatening legal action to Jack Sweeney, a student tracking her private jet flights on social media. Sweeney's accounts on Meta Platforms' apps (Threads, Instagram, Facebook) were suspended shortly after. Sweeney believes Swift's team contacted Meta to have his accounts removed. His accounts tracking other celebrities remain active, while those tracking Swift's flights are not findable on Instagram or Threads but still live on X.com with a 24-hour delay in posting.

Portfolio Pulse from Aaron Bry

February 08, 2024 | 10:50 pm

AMKBY

ZIM

Zim Integrated Shipping Services Ltd. (NYSE:ZIM) stock is trading lower due to turmoil in the Red Sea, affecting shipping routes and causing uncertainty in the industry. Moller Maersk (OTCPK:AMKBY) also reported earnings and warned of future uncertainties due to the Red Sea crisis, leading the industry lower. The crisis has led to immediate capacity constraints and temporary rate increases, but an oversupply in shipping capacity is expected to eventually pressure prices. Attacks by Iran-backed Houthi militia have forced shipping companies to reroute, potentially impacting global inflation.

Portfolio Pulse from Erica Kollmann

February 08, 2024 | 8:54 pm

SPY

USO

The White House is currently engaged in discussions with Iraq regarding the future posture and mission of U.S. military forces in the country, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 6:45 pm

AAPL

CRM

GOOGL

META

MSFT

The EU is drafting guidelines for Big Tech to combat misinformation ahead of global elections, targeting companies like Alphabet, Meta Platforms, Apple, and Microsoft. The guidelines aim to protect democracy by addressing disinformation, hate speech, and malicious attacks. Companies are expected to take actions such as labeling AI-generated content. Salesforce's CEO Marc Benioff highlighted social media's threat to democracy, while U.S. states have begun regulating deepfakes in elections.

Portfolio Pulse from Neil Dennis

February 08, 2024 | 6:00 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has achieved ISO/SAE 21434 certification for its corporate processes related to automotive cybersecurity, as audited by UL Solutions. This standard, developed by ISO and SAE International, sets rigorous requirements for cybersecurity risk management across the automotive product lifecycle. The certification confirms Microchip's commitment to high cybersecurity standards in automotive design, benefiting customers by easing the compliance burden for electronic control units incorporating Microchip's security products.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:22 pm

UAVS

AgEagle Aerial Systems Inc. (NYSE:UAVS) has secured a contract to supply eBee X and eBee TAC drones to UT-Battelle, LLC for use at the Oak Ridge National Laboratory, managed on behalf of the U.S. Department of Energy. The drones were selected for their operational excellence, NDAA compliance, FAA-approved Operations Over People, and Blue UAS accreditation. The financial terms of the deal were not disclosed. This contract highlights AgEagle's role as a trusted partner in providing U.S. Government-certified drones for critical research, security, and emergency response efforts.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:21 pm

FXI

SPY

VGK

China's President Xi Jinping has urged Russia's President Vladimir Putin to strategically collaborate in defending their countries' sovereignty, security, and development interests. Xi emphasized the importance of opposing external interference in their internal affairs, as reported by Reuters citing state media.

Portfolio Pulse from Charles Gross

February 08, 2024 | 10:44 am

AAPL

Apple Inc. (NASDAQ:AAPL) reportedly thanked Noah Roskin-Frazee, a man charged with defrauding the company of $2.5 million in gift cards and products, in a security update. The reason behind this acknowledgment is unclear. Roskin-Frazee, a security researcher, was indicted for fraud and damaging a protected computer by using a password reset function to alter orders and resell items. This incident follows previous cases of fraud involving Apple employees.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 8:10 am

BTCUSD

Rep. Maxine Waters announced that lawmakers are close to finalizing a stablecoin regulation bill, emphasizing the importance of Federal Reserve oversight. This development follows extensive discussions and is supported by Treasury Secretary Janet Yellen, who highlighted the need for regulatory action to protect investors and the financial system from cryptocurrency risks. Meanwhile, Bitcoin's price has seen a recent increase.

Portfolio Pulse from Mehab Qureshi

February 08, 2024 | 5:25 am