Apple has issued a critical security patch for all iOS devices to protect against a potential hack that attacks devices remotely via WiFi, Fox Business reported Monday.
The tech company has urged users to install the operating system update to avoid a "potentially serious" cyber attack that could wipe out iPhones. Alphabet's (GOOGL) - Get Report Android devices are also threatened by the hack, but Google issued its own update earlier this month.
At the moment, this story feels like one that could slowly build over the coming days. It's unlikely to wallop either tech giant's stock price, but raises critical questions as smartphones become even more advanced.
We trust these devices to pay our bills, order coffee from Starbucks (SBUX) - Get Report and turn on lights from the comfort of our office. We invest in companies based on their ability to monetize smartphones. And through all of these activities, we place unyielding faith in the security of these $800-plus devices. When was the last time you honestly sat down and worried about your iPhone being hacked? The answer is probably never. Have you ever thought about how much Starbucks shares could lose if its payments system is hacked? Nope.
But it's time to start the discussion as of today -- because yes, all of this electronic junk could get hacked. When that inevitably happens on a global scale... that's when you will get the chance to buy Apple and Google shares 30% cheaper.
Apple's shares rose 0.8% to $151.46 early Monday afternoon.
What's Hot On TheStreet
As TheStreet reports, Walmart is one of the few U.S. retailers that permits people to stay overnight in their parking lots, however the company said that policy wasn't a factor in this situation, since the truck had been there only a short period of time.
According to its website, while Walmart doesn't have any kind of electrical hookup, "Walmart values RV travelers and considers them among our best customers." As a result, the company permits overnight parking in its store lots generally, although there are some Walmarts that don't allow it.
In addition to RVs, many truck drivers spend the night in the lots. One truck driver told a photographer documenting those living in Walmart lots that he sleeps better there than in rest stops that are a flurry of activity.
Walmart spokesman Randy Hargrove said Sunday that the company does check vehicles that have been on the property a long time, but that wasn't a factor in this incident. Hargrove added that the company is doing all it can to assist authorities investigating the very sad incident.
Have to fix this policy, Walmart.
KeyBanc analysts said Monday that a "tentative consumer" and a competitive web services landscape aren't threats to Amazon. The investment bank said conversations with partners suggest Amazon Web Services growth could "reaccelerate" in the second quarter, following a sluggish first quarter. Revenue could jump over 10% sequentially -- to $4 billion. Although competition with Microsoft Corp (MSFT) - Get Report and Alphabet's (GOOGL) - Get Report Google has increased, it does not appear to derail Amazon's cloud growth prospects.
Amazon's recent moves in retail, including its proposed acquisition of Whole Foods Market (WFM) , Prime Wardrobe release and deal with Sears (SHLD) to sell Kenmore appliances, position it well for long-term growth. Even in a "difficult retail environment," Amazon's retail business will grow 15% year over year, KeyBanc wrote.
Hat tip, Mercedes: The luxury automaker just produced its 300,000th Mercedes G-Class, according to MotorWard. As yours truly could attest, this truck is ridiculously fun to drive (see below).
As is this new $50,000 Mercedes hatchback we recently had in our possession.
Weed cigs are here: Cannabis cigarettes will become available at Coop, one of Switzerland's largest supermarket chains, on Monday according to USA Today. The world is really on a new course.
More of What's Trending on TheStreet:
- Walmart in Focus Amid 'Horrific' Human Trafficking Incident in Texas That Causes Nine Deaths
- Scaramucci Has Been Waiting For A White House Gig For A While
- Chipotle Is Doomed Unless It Takes This One Dramatic Measure
- Trump Just Resurrected the Ugly Practice Known as Civil Forfeiture for No Reason
- Billionaire Mark Cuban: The Rise of Technology Will Cause a Lot of Unemployment
- Game of Numbers: Do You Have Any Idea How Big Game of Thrones Has Become?
(This column originally appeared at 10:16 a.m. ET on Real Money, our premium site for active traders. Click here to get great columns like this from Brian Sozzi and other writers even earlier in the trading day.)
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