Streetbeat News

Security

EIS

SPY

USO

The UN Security Council is set to vote on rival draft resolutions on Israel and Gaza, according to Reuters citing diplomats. The outcome of the vote could potentially impact the geopolitical landscape in the Middle East.

Portfolio Pulse from Charles Gross

October 16, 2023 | 11:44 am

VMW

The Government of Monaco has adopted a VMware Sovereign Cloud, provided by Monaco Cloud, to enhance data security and accelerate its digital services targets. This move is expected to help protect sensitive data, comply with national laws, and modernize public services. Monaco Cloud, a VMware partner, will operate the Government's sovereign cloud to support the 'Extended Monaco' program, aimed at making digital technology the foundation of all public policies and services.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 7:37 am

HSIC

Henry Schein, Inc. (HSIC) has experienced a cybersecurity incident that has impacted its manufacturing and distribution operations. The extent of the damage and potential financial impact is not yet known.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 7:37 am

NVDA

The Biden administration is preparing to tighten export regulations on AI chips to China, targeting loopholes that have allowed companies to circumvent restrictions. The new rules, expected to be unveiled this week, will require companies to report shipments of certain chips. Last year, restrictions prevented Nvidia Corp from shipping two of its most advanced AI chips to Chinese customers, but the company released less advanced variants to circumvent the controls. The updated rules will also require companies to notify the government about semiconductors whose performance is slightly below the guidelines before they are shipped to China.

Portfolio Pulse from Benzinga Neuro

October 16, 2023 | 5:13 am

EIS

SPY

USO

President Biden has stated that the threat of terrorism in the United States has increased due to unrest in the Middle East. This could potentially impact the performance of certain ETFs.

Portfolio Pulse from Charles Gross

October 15, 2023 | 11:19 pm

EIS

SPY

USO

President Biden has stated that deploying US troops in the Middle East war is not necessary as Israel has 'one of the finest fighting forces'. This could potentially impact the performance of certain ETFs.

Portfolio Pulse from Charles Gross

October 15, 2023 | 11:17 pm

BTCUSD

DOGEUSD

ETHUSD

The cryptocurrency market has seen significant developments this week, including concerns about Dogecoin's future performance, the impact of the Israel-Hamas conflict, and criticisms of the SEC's stance on crypto value by Elon Musk and Dogecoin's creator. Additionally, former FTX CEO Sam Bankman-Fried expressed concerns before the crypto exchange's collapse, and Israeli police have halted Hamas-associated cryptocurrency accounts.

Portfolio Pulse from Benzinga Neuro

October 15, 2023 | 12:15 am

TSLA

Michael Gonzalez, a 34-year-old from Vermont, has been sentenced to 48 months in prison after acquiring five Tesla vehicles without making full payment. Gonzalez manipulated Tesla's payment system and sold three of the vehicles, collecting around $231,900. He also set one vehicle on fire and filed an insurance claim, which was denied. The court has ordered Gonzalez to pay $493,043.93 in restitution to Tesla and forfeit $231,900 to the government.

Portfolio Pulse from Bibhu Pattnaik

October 14, 2023 | 3:42 pm

BTCUSD

MSFT

US Pentagon officials are monitoring a Wyoming-based Bitcoin mining operation owned by Chinese interests due to potential national security risks. The mine is located near a Microsoft Corporation data center and a military base, raising concerns about potential intelligence operations aimed at these facilities. The operation came under scrutiny after Microsoft reported potential risks to the Committee on Foreign Investment in August 2022. The mine is linked to multiple companies, including Bit Origin Ltd, a company registered in the Cayman Islands.

Portfolio Pulse from Benzinga Neuro

October 14, 2023 | 8:42 am

EVLV

The Federal Trade Commission (FTC) is investigating Evolv Technologies Holdings Inc. over claims that its AI-based weapons detection systems do not operate as described. The company, valued at $582 million, saw its shares slide 20% this week. The FTC is seeking information about how AI is involved in Evolv's detectors. Evolv's claims about its system's effectiveness have been challenged by IPVM, a technology watchdog, which stated that false alarm rates were as high as 60% at school systems that use the system.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 9:04 pm