Streetbeat News

Security

ONDS

Ondas Holdings Inc. (NASDAQ:ONDS) subsidiary Airobotics is fast-tracking the development of the Iron Drone Raider, a counter-UAS system, to meet the needs of the Israeli Defense and homeland security forces. The system, which uses AI to autonomously detect and neutralize small hostile drones, is being enhanced with the support of major Israeli defense contractors. The counter-UAS market is expected to grow significantly, from $1 billion in 2023 to $4.7 billion by 2030. Airobotics recently acquired Iron Drone and received a grant from the Israel Innovation Authority to further develop the system.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:59 pm

EVLV

Evolv Technology (NASDAQ:EVLV) announced significant milestones, having screened over 1 billion visitors with its AI-based weapons detection system, Evolv Express, since 2019. The company detected nearly 300,000 guns and knives in the first nine months of 2023 and now screens over 2 million people per day. Evolv has over 4,000 active long-term subscriptions and is stopping an average of 1,000 weapons daily. Customers like Niagara Falls City School District, Lincoln Center, and Boch Center praised Evolv's non-intrusive, comprehensive security solutions.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:22 pm

PANW

Palo Alto Networks (NASDAQ:PANW) has released Cortex XSIAM 2.0, an AI-driven security operations platform with a new bring-your-own machine learning (BYOML) framework. This allows customers to integrate their own ML models for unique use cases. The platform, which ingests over 5 petabytes of security data daily, also features a Command Center for improved incident monitoring and a MITRE ATT&CK Coverage Dashboard for assessing defense capabilities. XSIAM has led to significant improvements in incident resolution for companies like an oil and gas company, Boyne Resorts, and Imagination Technologies. The platform is now globally available.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 1:15 pm

HSIC

Henry Schein has updated its FY23 sales forecast, now expecting a decrease of 1%-3% from FY22, revising the previous guidance of 1%-3% growth. This change is primarily attributed to the impact of a recent cybersecurity incident.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:13 am

GOOGL

Google (NASDAQ: GOOGL) is set to delete content from inactive personal accounts on Gmail, Google Photos, and Google Docs starting December 1. This applies to accounts that have been inactive for over two years. Google has been notifying users about this policy, which was first announced in July. The move aims to optimize data management and enhance security. Active users are not affected. Google advises users to log into their accounts once every two years to avoid data loss and offers a recovery process for those who have lost access.

Portfolio Pulse from Bibhu Pattnaik

November 12, 2023 | 4:59 pm

BIDU

MSFT

NVDA

Baidu Inc. has shifted from using NVIDIA Corporation's AI chips to Huawei's, placing an order for 1,600 chips worth approximately $61.83 million. Microsoft Corporation temporarily blocked employee access to OpenAI's ChatGPT over data security concerns. OpenAI's GPT-4 upgrade has seen higher than expected usage, with plans to expand access to all subscribers. Former President Barack Obama emphasized the need for deliberate AI regulation. Elon Musk criticized the Microsoft-OpenAI partnership, suggesting Microsoft has significant control over ChatGPT.

Portfolio Pulse from Benzinga Neuro

November 12, 2023 | 4:00 pm

BAC

JPM

VFH

WFC

XLF

Customers of JPMorgan Chase & Co (JPM) and Citigroup Inc (C) have experienced sudden account closures, leading to frustration and accusations of discrimination. The closures are part of a security effort to deter criminal activities, but have also affected legitimate customers. JPMorgan acknowledges the potential frustration, while Citibank has not commented on individual cases. The issue has raised concerns about secretive banking practices and an increase in suspicious activity reports filed by banks.

Portfolio Pulse from Bibhu Pattnaik

November 11, 2023 | 6:09 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TLT

TSLA

Following a poor Treasury auction and comments from Powell about raising rates, stocks initially fell but later saw buying interest due to Wall Street mechanics. iShares 20 Plus Year Treasury Bond ETF (TLT) dropped but is recovering. Consumer confidence and inflation data are expected to be market-moving, with CPI data due on November 14. Short squeezes are common on Fridays, and early trading suggests one may be occurring. Money flows are positive for big tech stocks like AAPL, AMZN, GOOG, META, MSFT, NVDA, and TSLA, while mixed for SPY and QQQ. The momo crowd is buying stocks and oil but selling gold, with smart money's actions locked. Bitcoin is seeing retail interest on hopes of a weekend price surge. The article suggests maintaining good long-term positions and having a protection band strategy with cash or hedges based on risk preference.

Portfolio Pulse from The Arora Report

November 10, 2023 | 7:03 pm

Boeing Company (NYSE:BA) anticipates a significant expansion of Southeast Asia's commercial airplane fleet, projecting growth from the current number to over 4,000 jets by 2042. This growth is expected to occur at an annual rate of 6.9%, which is twice the global rate, driven by low-cost carriers. Boeing's 2023 Commercial Market Outlook highlights the potential for increased air traffic and connectivity in the region, particularly due to a rising middle class. Separately, Boeing suffered a data breach when the cybercrime gang Lockbit leaked internal data online after threatening to do so if a ransom was not paid. The leaked data dates back to late October. Despite this, Boeing's stock price saw an increase of 1.04% to $195.35 in recent trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 10, 2023 | 6:33 pm

IDCBF

IDCBY

The U.S. financial services division of the Industrial and Commercial Bank of China (ICBC) experienced a ransomware attack by LockBit 3.0, affecting U.S. Treasury trades. ICBC managed to clear Treasury and repo financing trades, but reports indicated some disruption in the settlement process for other market participants. The attack's impact on the broader market was considered limited, and ICBC's other systems, including its China operations, were not affected.

Portfolio Pulse from Vandana Singh

November 10, 2023 | 5:45 pm