Streetbeat News

Security

FCX

Freeport-McMoRan Inc. (FCX) is investigating a cybersecurity incident affecting its information systems. The company is assessing the impact and taking proactive measures to address the situation. There has been limited impact on production so far, but a prolonged disruption could impact future operations.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 4:26 pm

BTCUSD

David Tse, a professor at Stanford University and founder of Babylon Chain, predicts that Decentralized Finance (DeFi) will revolutionize the traditional financial system in the next five years. He believes that the core principles of decentralization will introduce unparalleled efficiency and transparency into business workflows. Tse also highlighted the increasing relevance of decentralized identity solutions in the context of the global dialogue on data privacy. He acknowledged Bitcoin's unmatched decentralization and security, but emphasized the need to enhance its utility to foster wider adoption. He cited Babylon's BTC staking protocol as an innovative step in this direction.

Portfolio Pulse from Murtuza Merchant

August 11, 2023 | 2:12 pm

MSFT

SWI

Microsoft Corp (MSFT) is under scrutiny as part of a US cyber inquiry into a recent breach of government officials' email accounts, suspected to be carried out by Chinese hackers. The investigation will focus on cloud computing risks, including Microsoft's role in the breach. Microsoft is facing increasing criticism over its customer protection policies against breaches. Senator Ron Wyden has also called for an investigation into the SolarWinds Corp (SWI) attack, emphasizing Microsoft's lack of accountability.

Portfolio Pulse from Anusuya Lahiri

August 11, 2023 | 12:43 pm

MCHI

Nobel Prize-winning economist Paul Krugman has expressed concerns over China's economic situation, stating that the country's economic woes make it more dangerous to global security. He noted that China's GDP growth has now tapered to 4% and the country is trying to invest more than 40% of the GDP, which is not sustainable. He also mentioned that China's government has been resistant to reforms that might make its growth sustainable. The iShares MSCI China ETF (NASDAQ:MCHI), an index tracking Chinese stocks, fell 1.31% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

August 11, 2023 | 11:51 am

AAPL

GOOG

GOOGL

SSNLF

Despite restrictions on AI-powered chatbots by tech giants like Samsung Electronics Co. Ltd (OTC:SSNLF), Apple Inc. (NASDAQ:AAPL), and Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL), OpenAI's ChatGPT has seen a surge in popularity in US workplaces. A Reuters/Ipsos poll showed that 28% of people use ChatGPT regularly at work, despite only 22% of employers officially allowing its use. The rise in usage has raised data security and privacy concerns.

Portfolio Pulse from Ananya Gairola

August 11, 2023 | 10:31 am

TSLA

The US auto safety regulators are investigating a fatal crash involving a Tesla vehicle in Virginia, suspected of using an automated driving system. This is the 35th Tesla crash being scrutinized by the National Highway Traffic Safety Administration (NHTSA) since June 2016. The NHTSA is also examining multiple crashes involving Teslas suspected of using systems like Autopilot and “Full Self-Driving”.

Portfolio Pulse from Benzinga Neuro

August 11, 2023 | 5:39 am

TSLA

A Tesla Model X, previously owned by CNBC executive editor Jay Yarrow and crashed in the U.S., has reportedly surfaced in Ukraine with Yarrow's Spotify account still logged in. The vehicle was totaled and listed for sale on online auction site Copart. Tesla's support staff advised Yarrow to disconnect his car from his Tesla account, but he didn't have the new owner's information. Experts suggest Tesla should have an option for users to remotely wipe all data and remove themselves from their vehicle.

Portfolio Pulse from Anan Ashraf

August 11, 2023 | 4:35 am

SPY

USO

The U.S. National Security Council (NSC) has confirmed that Iran has released five Americans who were unjustly detained in prison. The news was reported by Reuters.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 5:19 pm

F

Ford has identified a vulnerability in the Wi-Fi software driver supplied for use in the Sync 3 Infotainment System. The company has not seen any evidence of the vulnerability being exploited and plans to issue a software patch online.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 5:16 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) is expanding its AI and blockchain capabilities through partnerships with Kyndryl and Aptos Labs. The collaboration with Kyndryl will focus on developing AI solutions, while the partnership with Aptos Labs will allow Microsoft's AI models to be trained using verified blockchain data. Microsoft has also addressed six critical security vulnerabilities in its latest update.

Portfolio Pulse from Mohit Manghnani

August 10, 2023 | 4:47 pm