Streetbeat News

Security

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

SPY

The European-Mediterranean Seismological Centre reported a magnitude 5.9 earthquake in the Dominican Republic region. There is no direct mention of US-listed companies or ETFs affected by this event, except for a hint about SPY.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 5:28 pm

WKEY

WISeKey and Avium Digital have signed a Memorandum of Understanding (MoU) to enhance secure communications and fortify Avium's SaaS solution for vertiport infrastructures. The partnership will leverage WISeKey's cybersecurity solutions to ensure secure data transmission for Avium's clients.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:25 am

MSFT

Microsoft Corporation (NASDAQ:MSFT) temporarily blocked its employees' access to OpenAI's ChatGPT due to data security concerns. The blockage was lifted after a short period, with Microsoft explaining it occurred during a large language models system test. Rumors that OpenAI retaliated by blocking Microsoft 365 were dismissed by OpenAI CEO Sam Altman. ChatGPT has faced restrictions from other tech giants, including Samsung, Apple, and Alphabet, and legal inquiries in Poland and a ban in Italy due to privacy concerns.

Portfolio Pulse from Ananya Gairola

November 10, 2023 | 4:50 am

AMZN

GOOG

GOOGL

Several labor groups have urged the U.S. Department of Transportation and the National Highway Traffic Safety Administration to investigate automated vehicle operators including Waymo, Zoox, and Beep, citing safety concerns. This follows a recent investigation into General Motors' autonomous driving unit, Cruise. The labor groups, including United Auto Workers, have also called for updated policies for autonomous vehicles. The companies mentioned in the letter include Alphabet's Waymo and Amazon's Zoox.

Portfolio Pulse from Anan Ashraf

November 10, 2023 | 4:08 am

BTCUSD

Regulators are increasingly introducing legislation around crypto assets, leading to a rise in cryptocurrency compliance. This is crucial in preventing fraud in a sector known for its volatility and scams. Several firms, including TRM Labs, Scorechain, Solidus Labs, AMLT Network, BitFury, DigiShares, Chainalysis and Elliptic, offer compliance services for cryptocurrency operations.

Portfolio Pulse from Tanzeel Akhtar

November 09, 2023 | 11:41 pm