Streetbeat News

Security

BABA

Alibaba Group Holding Limited (NYSE:BABA) is facing challenges due to a weak economy, impending U.S. technology sanctions, and potential espionage concerns at its European logistics hub. The company's live commerce model, heavily reliant on star influencers, is also posing risks. Despite these issues, BABA shares traded higher by 0.73% at $84.28 premarket on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 11:59 am

MGM

MGM Resorts International has disclosed that a recent cybersecurity breach could negatively impact its Q3 2023 results by approximately $100 million, predominantly in its Las Vegas operations. The breach, which occurred in September, resulted in unauthorized access to some customer personal information. The company has incurred less than $10 million in one-time expenses related to the issue. Despite this, MGM expects a strong Q4, with record results expected in November.

Portfolio Pulse from Shivani Kumaresan

October 06, 2023 | 11:30 am

EWU

SNAP

The UK Information Commissioner has issued a preliminary enforcement notice to Snap, provisionally finding that the company failed to adequately assess privacy risks posed by its generative AI chatbot 'My AI,'.

Portfolio Pulse from Charles Gross

October 06, 2023 | 10:11 am

PAAS

Pan American Silver has suspended operations at its La Colorada mine in Mexico due to security concerns. The company has not provided further details on the nature of these concerns.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:55 am

BTCUSD

ETHUSD

The US Treasury's Office of Foreign Assets Control (OFAC) has flagged a group of cryptocurrency wallets linked to the illegal fentanyl trade, primarily based in China. The flagged entities include five individuals and one company, Valerian Labs. The wallets received nearly $3.8 million in cryptocurrency across Bitcoin, Ethereum, and Tron networks. Senator Elizabeth Warren has proposed a bill to crack down on crypto funding crimes. Bitcoin's price is down 0.50% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 06, 2023 | 4:07 am

MGM

MGM Resorts has reported that it incurred less than $10 million in one-time expenses in Q3 due to a cybersecurity issue.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 9:33 pm

MGM

MGM Resorts has estimated a negative impact of $100M to its adjusted property EBITDAR due to a cyber security issue in September. This impact is expected to affect both Las Vegas Strip Resorts and Regional Operations.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 9:26 pm

MGM

MGM Resorts International has reported a data breach where a limited number of customers' Social Security numbers and passport numbers were obtained by criminals. The types of impacted information varied by individual.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 9:24 pm

MGM

MGM Resorts has announced that it does not believe that customer passwords, bank account numbers, or payment card information were obtained by criminal actors.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 9:23 pm

MGM

MGM Resorts has experienced operational disruptions at its properties during September due to a cybersecurity issue. This is expected to negatively impact Q3 results, predominantly in Las Vegas operations, with minimal impact anticipated for Q4.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 9:21 pm