Streetbeat News

Security

NVDA

Valeo Schalter und Sensoren is suing Nvidia for allegedly stealing trade secrets, including source code for AI-assisted parking technology. The issue came to light when former Valeo employee and now Nvidia staff, Mohammad Moniruzzaman, inadvertently revealed the stolen files during a video call with both companies' employees. Moniruzzaman has been criminally convicted in Germany, and Nvidia has stated it was unaware of the theft and has cooperated fully with the investigation. Valeo, a century-old Paris-based automotive tech company, has partnered with Nvidia to develop parking-assistance software for an unnamed car manufacturer. Nvidia has faced similar legal challenges in the past, including a 2019 lawsuit for patent infringement which is still ongoing.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:53 pm

ETHUSD

Kronos Research, a Taiwanese trading firm, experienced a security breach resulting in the theft of over $25 million worth of Ether tokens. The incident led to a temporary suspension of trading activities on WOO X, an exchange incubated by Kronos. The firm is working to resume normal operations, and WOO X has since restarted trading and withdrawals, assuring clients that customer assets are secure.

Portfolio Pulse from Murtuza Merchant

November 20, 2023 | 3:43 pm

GOVT

U.S. Treasury Secretary Janet Yellen stated in a CNBC interview that there has been 'considerable progress' in the fight against inflation, attributing this success to recent legislation such as the Infrastructure bill, Chips and Science Act, and Inflation Reduction Act. She also emphasized the importance of supporting Ukraine and Israel for U.S. national security. Following her remarks, U.S. Treasury yields remained stable, and the iShares 20+ Year Treasury Bond ETF and iShares U.S. Treasury Bond ETF (GOVT) saw a slight decline.

Portfolio Pulse from Piero Cingari

November 20, 2023 | 3:31 pm

AAPL

Apple Inc. (AAPL) devices, including iPhones and iPads, remain susceptible to the Flipper Zero hack, which exploits a vulnerability in the Bluetooth Low-Energy pairing process, causing devices to crash. Despite the issue being known since 2020, Apple has not yet released a fix in its latest iOS updates. Users' temporary solution is to disable Bluetooth, which limits device functionality.

Portfolio Pulse from Rounak Jain

November 20, 2023 | 1:25 pm

BAK

Braskem (NYSE:BAK) has been awarded a $671,000 grant from the REMADE Institute, funded by the U.S. Department of Energy, for its polymer recycling technology research partnership. The project, in collaboration with the University of Massachusetts Lowell, Dow Chemical, and Aquapak, aims to develop advanced manufacturing technology for sustainable and recyclable multilayer plastic films. Braskem's goal is to include 300,000 tons of recycled content in its products by 2025 and 1 million tons by 2030, while also reducing greenhouse gas emissions. The REMADE Institute has funded nearly 100 R&D projects since 2017, focusing on reducing energy and emissions in industrial materials production.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:16 pm

FXI

SPY

VGK

Treasury Secretary Janet Yellen stated that the Biden Administration is focusing on investments to enhance conditions across the U.S. Additionally, she emphasized that providing aid to Ukraine is a critical priority for the Biden Administration due to its national security implications, underscoring the importance of ensuring Ukraine does not lose the battle on its home front.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:13 pm

FXI

SPY

Treasury Secretary Yellen expressed concerns about privacy issues with social media and acknowledged that these matters are unresolved. She also noted progress in reducing inflation.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:11 pm

SRCE

1st Source Bank experienced a data security incident on its MOVEit server, affecting personal and protected health information of South Bend Emergency Physicians' clients. The incident was isolated and did not impact 1st Source Bank's client networks or systems. Notifications and assistance are being provided to potentially affected individuals.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 11:13 am

PSFE

Paysafe has extended its collaboration with Visa to integrate Visa network tokens, which serve as an alternative to primary credit and debit card account numbers. This move aims to enhance the security and convenience of transactions for Paysafe customers.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:04 am

AAPL

Apple Inc. has decided to pause all advertising on the social network X, owned by Elon Musk, due to Musk's endorsement of antisemitic conspiracy theories and Apple ads being placed next to far-right content. This decision aligns with actions taken by IBM and calls from Jewish rabbis and activists for companies to stop advertising on X. Media Matters for America reported that ads from Apple, IBM, Amazon, and Oracle were shown alongside far-right posts. X's CEO Linda Yaccarino emphasized the company's stance against antisemitism and discrimination, and an X executive stated that accounts identified by Media Matters will no longer be monetizable and the highlighted posts will be labeled as 'Sensitive Media.'

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:37 pm