Streetbeat News

Security

EDEN

EIS

SPY

USO

U.S. Central Command reported that the Maersk Hangzhou was under attack by Houthi boats. U.S. Navy helicopters intervened, sinking three of the four attacking boats.

Portfolio Pulse from Charles Gross

December 31, 2023 | 3:03 pm

EWY

SPY

North Korea plans to launch three additional military spy satellites in the next year. Kim Jong-un emphasized the need for rapid response to potential nuclear crises and the mobilization of all physical means, including nuclear force, as reported by Yonap citing state media.

Portfolio Pulse from Charles Gross

December 31, 2023 | 12:29 am

FARO

FARO Technologies, Inc. has successfully completed a SOC 2 Type II audit, demonstrating the company's commitment to high standards of data security and operational procedures.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 9:01 pm

SPY

VGK

President Biden is closely monitoring the situation after reports emerged of a missile temporarily entering Polish airspace, according to Reuters citing the White House.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 4:59 pm

FXI

SPY

VGK

China's President Xi emphasized the importance of safeguarding national sovereignty, security, and development interests, signaling a readiness to challenge strong powers. This stance was reported by Reiters citing state media.

Portfolio Pulse from Charles Gross

December 29, 2023 | 11:31 am

LUNA

A U.S. federal judge ruled in favor of the SEC in a case against Terraform Labs and its founder Do Kwon, concerning the offering and sale of unregistered securities. The court did not grant summary judgment on fraud accusations, with a trial set for January 29, 2024. Terraform and Kwon are charged with misleading investors about the stability of TerraUSD and the potential value increase of their crypto tokens. Kwon also faces fraud allegations from U.S. prosecutors and is contesting extradition to the U.S.

Portfolio Pulse from Murtuza Merchant

December 28, 2023 | 11:55 pm

CVX

HES

Shares of Hess Corporation (HES) and Chevron Corporation (CVX) fell following a Bloomberg report that Venezuela has deployed soldiers along its Caribbean coast. The military movement could potentially escalate tensions in the region, affecting operations of oil companies with interests in the area.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 6:02 pm

SPY

USO

VGK

The U.S. Department of the Treasury's OFAC has designated individuals and entities for facilitating Iranian financial support to Houthi forces, impacting international shipping. The sanctions target a network including exchange houses in Yemen and Türkiye, aiming to disrupt the flow of funds to the Houthis. The actions are based on Executive Order 13224, which focuses on counterterrorism efforts. Sanctioned parties' assets in the U.S. are blocked, and U.S. persons are generally prohibited from dealing with them.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 3:49 pm

SEALSQ

SEALSQ shares are trading higher following the announcement of its post-quantum semiconductor technology, which enhances the security of cryptocurrencies.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 3:47 pm

META

Meta Platforms Inc.'s Chief AI Scientist, Yann LeCun, supports AI being open source, arguing it accelerates development, enhances security, and caters to global diversity. He downplays the risk of misuse by malicious actors due to the resources required and the inevitability of bad actors accessing technology. Meta's Llama 2 model exemplifies this open-source approach. LeCun has previously debated the ethics of open-source AI, contrasting it with nuclear weapons and emphasizing its role in augmenting human intelligence.

Portfolio Pulse from Rounak Jain

December 28, 2023 | 2:51 pm