Streetbeat News

Security

AAPL

Thieves are attempting to trick users into disabling security measures on stolen iPhones to sell them. A Reddit user reported receiving texts to unlock their stolen iPhone and remove it from their Apple ID. Apple Inc. (NASDAQ:AAPL) advises users to report the theft, file a claim if they have AppleCare+ with Theft and Loss, remotely erase data, and change their Apple ID password.

Portfolio Pulse from Rounak Jain

November 29, 2023 | 11:56 am

CABA

CLCO

FTCH

LESL

LVS

OKTA

PHG

VERV

Leslie's, Inc. reported mixed Q4 results with revenue exceeding estimates but earnings per share falling short, causing a 15% pre-market drop. Verve Therapeutics announced a public offering and private placement, leading to an 11.2% pre-market decline. Cabaletta Bio continued to fall after FDA concerns over CAR T cell therapies. Okta disclosed a data breach affecting all support system users. Cool Company reported Q3 results, contributing to a pre-market dip. Las Vegas Sands announced a stock offering by its principal stockholder. Philips faced FDA safety concerns with its CPAP machines. Farfetch delayed its Q3 financial results announcement.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 10:48 am

OKTA

Okta Inc. (NASDAQ:OKTA) has experienced a significant data breach affecting all users of its customer support system, a substantial increase from the initial estimate of 1% customer impact. Hackers accessed a report with names and email addresses of all clients using the support system. Okta's shares declined following the breach disclosure and further details are expected in the upcoming earnings report. Boeing Co. (NYSE:BA) also reported a separate 'cyber incident' affecting its global service division, with no threat to flight safety.

Portfolio Pulse from Ananya Gairola

November 29, 2023 | 8:02 am

BRK-A

BRK-B

COST

DJCO

Charles Munger, vice chairman of Berkshire Hathaway and chairman of the Daily Journal Corporation, has passed away at 99. Munger, known for his investment philosophy and partnership with Warren Buffett, also served as a director at Costco Wholesale Corporation. His criticisms of cryptocurrencies, particularly Bitcoin, and his emphasis on ethical business practices were notable aspects of his legacy.

Portfolio Pulse from Sue Strachan

November 28, 2023 | 9:20 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) has received a subpoena from the CFTC requesting information on user accounts and transaction histories, potentially related to users' interactions with Bybit. Coinbase has informed affected users and is considering challenging the subpoena. No user data has been shared yet, and users are not required to take any action. Bybit, facing regulatory scrutiny, only recently implemented KYC protocols.

Portfolio Pulse from Murtuza Merchant

November 28, 2023 | 7:09 pm

COIN

Coinbase informed some customers of a subpoena from a U.S. regulator concerning Bybit. Emails posted on social media and confirmed by a source indicate Coinbase may share information with the CFTC unless a motion to quash is filed by November 30, 2023. The CFTC, which has investigatory powers, did not comment, and Bybit declined to comment. Coinbase has previously stated its compliance with legal obligations to disclose information. The news comes amid broader regulatory scrutiny of crypto exchanges, including actions against Coinbase and Binance by the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:13 pm

MITK

Abrigo, a provider of compliance, credit risk, and lending solutions, has partnered with Mitek Systems (MITK), a global leader in digital identity verification solutions, to enhance fraud detection capabilities for financial institutions. This partnership will integrate Mitek's identity verification technology into Abrigo's platform, aiming to improve the accuracy and efficiency of fraud detection processes for their clients.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:05 pm

SPY

VGK

Ukraine's Foreign Minister has stated that the country is not feeling any pressure to initiate negotiations with Russia to end the ongoing war, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 2:27 pm

EIS

A ceasefire between Israel and Hamas is holding, with ongoing hostage swaps. Israel has released 150 Palestinian detainees, while Hamas has freed 50 Israeli women and children. Negotiations are intensifying to extend the truce and secure the release of all remaining hostages. Diplomatic efforts include Mossad Chief David Barnea's discussions in Doha. Bernie Sanders criticized the US's unconditional support for Israel, and the WHO warned of a health crisis in Gaza. The shekel strengthened, and domestic stocks rose, with the iShares MSCI Israel ETF (EIS) reaching its highest level since early October.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 2:26 pm

SPT

Sprout Social, a provider of social media management software, has achieved ISO/IEC 27001:2013 and ISO/IEC 27701:2019 certifications for its information security and privacy management systems. These certifications, verified by third-party auditors, affirm the company's commitment to data security and privacy. Earlier, Sprout Social earned 138 badges in G2's 2023 Fall Reports and is the top-ranked product in social media management on G2.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 2:12 pm