Streetbeat News

Security

CZR

MGM

MGM Resorts International's CEO, Bill Hornbuckle, reportedly ignored hackers' ransom demands after they infiltrated the casino chain's computer system. The company had already discovered the cyberattack and begun rebuilding systems that were pulled offline. The attack is suspected to have been carried out by Scattered Spider, a group also suspected of a parallel digital invasion at Caesars Entertainment, Inc. MGM estimates a negative impact of approximately $100 million due to the attack.

Portfolio Pulse from Nabaparna Bhattacharya

October 11, 2023 | 12:40 pm

EIS

SPY

USO

VGK

Russian President Putin has stated that the conflict in Israel could affect logistics but not oil output. He also mentioned that the U.S. is increasing tensions in the region by deploying its navy.

Portfolio Pulse from Charles Gross

October 11, 2023 | 12:39 pm

COST

META

Costco Wholesale Corp is facing a lawsuit accusing it of sharing sensitive customer information with Meta Platforms Inc, without customer approval. The lawsuit alleges that Costco used Meta's analytical tool, Meta Pixel, on its website, compromising customer privacy. The tool allegedly provided Meta with access to personal data, including health information of pharmacy users. The plaintiffs are demanding a trial by jury, financial damages, and a declaration of Costco's alleged unlawful conduct.

Portfolio Pulse from Anusuya Lahiri

October 11, 2023 | 12:36 pm

BlackBerry Limited (NYSE:BB) has been awarded a seven-year contract by the United States Department of Homeland Security (DHS) for the creation and sustainment of its new Super Enterprise for Personnel Emergency Notification System (PENS). BlackBerry, American Systems and 4 Points Technology will partner to deliver on the software and services contract. BlackBerry AtHoc, the most secure critical event management (CEM) solution, will be used as a department-wide communication and visibility PENS solution for all DHS employees and contractors.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 12:10 pm

EIS

SPY

USO

The U.S. State Department expects the number of Americans confirmed dead in the Israel-Hamas conflict to rise on Wednesday, according to Reuters. The conflict may impact the performance of certain ETFs, including EIS (iShares MSCI Israel ETF), SPY (SPDR S&P 500 ETF Trust), and USO (United States Oil Fund).

Portfolio Pulse from Charles Gross

October 11, 2023 | 11:21 am

EIS

SPY

USO

Jordan's King Abdullah has stated that there will be no security, stability, or peace in the Middle East until Palestinians achieve a sovereign state alongside Israel. This statement could potentially impact the geopolitical situation in the region.

Portfolio Pulse from Charles Gross

October 11, 2023 | 10:23 am

SSD

Simpson Manufacturing reported disruptions in its IT infrastructure and applications due to a cybersecurity incident on October 10. The company is currently investigating the nature and scope of the incident.

Portfolio Pulse from Charles Gross

October 11, 2023 | 10:12 am

EIS

SPY

USO

VGK

U.S. Defense Secretary Austin has pledged to ensure Israel has what it needs to protect itself and that Washington will support Ukraine for as long as it takes, according to Reuters.

Portfolio Pulse from Charles Gross

October 11, 2023 | 8:50 am

CSCO

Cisco has announced collaborations with Deutsche Telekom and Eviden to provide sovereign controls for European customers of Webex. The encryption keys for Webex Meetings, Messaging and Calling User-Generated Information will be managed and hosted either by Deutsche Telekom or Eviden, on European soil, separate from Cisco's infrastructure.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:16 am

EIS

SPY

The Israeli military has announced that the first plane carrying U.S. ammunition has landed in Israel. The news does not provide further details about the companies involved in this operation.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:59 pm