Saturday, April 12, 2014

The week in Tech: 5 must-know things

LOS ANGELES — Weekend project: Let's start changing all of our passwords.

The top five tech headlines this week are highlighted by a huge undertaking for all of us: password changing, thanks to the discovery of Heartbleed, a security bug that could make Internet surfing less safe as websites patch up holes.

Security researchers who uncovered the threat are worried because the lapse went undetected for more than two years.

Many popular sites, including Google, Yahoo, Facebook, YouTube and Tumblr, said that they fixed vulnerabilities this week or were not affected and that new passwords are recommended for those sites. Apple and Amazon said their consumer sites were not vulnerable.

The bottom line: Experts say it's imperative to update your passwords ASAP and to use effective ones that aren't simply "123456" or "Password." Try combinations of letters, numbers and symbols.

Here's more from the week in Tech:

A MOVE FOR MESSENGER

Sorry, Facebook fans, but that messenger program we all use on the social network to instantly reach out to folks is leaving the mobile Facebook. If you want to connect with someone, you'll need to leave Facebook soon and open up the free-standing Messenger app. The reason for the change? Facebook says messaging is a better experience on the app, so it wants to put the emphasis there.

FAREWELL TO XP

Another big change came to users of Windows XP, the 12-year-old operating system that no longer will get security updates from Microsoft, which wants you to stop using XP and buy new software. But guess what — Tuesday came and went, and millions of XP machines kept on running. So far, so good, but folks: XP without security has been described as a hacker's paradise. Best to join the modern era with more current software.

HELLO TO A NEW GALAXY

Speaking of contemporary, Samsung this week brought out the latest state-of-the-art Galaxy smartphone. The S5 has a slightly larger screen and built-in heart-rate monitor, is wate! rproof and — oh! — takes a pretty cool picture, too. In his review, USA TODAY's Ed Baig called the Galaxy S5 "a solid device" that didn't break much major ground.

WHAT'S UP IN APPS

Finally, in app news, the numbers puzzle 2048 is No. 1 on the free iTunes app chart for the third week in a row, but bubbling under is the mind game What's the Difference?, another fun time-waster. Tops for Android is Cut the Rope 2, a character-based adventure game.

Readers: Have you changed your passwords yet? Any questions about password management? Let's chat about it on Twitter, where I'm @jeffersongraham.

Friday, April 11, 2014

Mid-Morning Market Update: Markets Open Lower; J.P. Morgan Profit Misses Estimates

Related BZSUM #PreMarket Primer: Friday, April 11: Tension Between The West And Russia Escalates With Threats Of Energy Supply Interruptions Market Wrap For April 10: Wednesday's Rally Completely Forgotten

Following the market opening Friday, the Dow traded down 0.42 percent to 16,102.69 while the NASDAQ tumbled 0.22 percent to 4,045.08. The S&P also fell, dropping 0.28 percent to 1,827.96.

Leading and Lagging Sectors
In trading on Friday, non-cyclical consumer goods & services shares were relative leaders, up on the day by about 0.09 percent. Among the leading sector stocks, gains came from Rite Aid (NYSE: RAD) and Xueda Education Group (NYSE: XUE). Financial sector was the leading decliner in the US market today.

Top losers in the sector included China HGS Real Estate (NASDAQ: HGSH), off 4.8 percent, and China Life Insurance Co (NYSE: LFC), down 4 percent.

Top Headline
J.P. Morgan Chase & Co (NYSE: JPM) reported a 19% drop in its first-quarter profit. J.P. Morgan's quarterly profit declined to $5.3 billion, or $1.28 per share, versus a year-ago profit of $6.53 billion, or $1.59 per share. Its revenue slipped 8% to $22.99 billion versus $25.12 billion. J.P. Morgan's investment banking net income dropped 15%. However, analysts were estimating earnings of $1.39 per share on revenue of $24.43 billion.

Equities Trading UP
BofI Holding (NASDAQ: BOFI) shares shot up 7.44 percent to $79.98 after H&R Block agreed to sell its banking business to BofI Federal Bank for an undisclosed amount.

Shares of Zynga (NASDAQ: ZNGA) got a boost, shooting up 1.47 percent to $4.13 after the company named David Lee as Chief Financial Officer and Chief Accounting Officer. Morgan Stanley upgraded Zynga from Underweight to Equal-weight.

Diamondback Energy (NASDAQ: FANG) shares were also up, gaining 4.65 percent to $68.68 after the company reported a 30% growth in Q1 production.

Equities Trading DOWN
Shares of The Gap (NYSE: GPS) were down 3.78 percent to $37.81 after the company reported a 6% decline in its same-store sales in March, versus analysts' expectations for a 4.7% fall.

Relypsa (NASDAQ: RLYP) shares tumbled 5.63 percent to $23.81 after the company priced 3.59 million share offering at $24.50 per share.

JPMorgan Chase & Co (NYSE: JPM) was down, falling 3.75 percent to $55.25 after the company reported downbeat Q1 earnings.

Commodities
In commodity news, oil traded down 0.02 percent to $103.38, while gold traded down 0.19 percent to $1,318.00.

Silver traded down 0.45 percent Friday to $20.00, while copper rose 0.79 percent to $3.07.

Eurozone
European shares were lower today.

The Spanish Ibex Index fell 2.13 percent, while Italy's FTSE MIB Index dropped 1.49 percent.

Meanwhile, the German DAX fell 1.86 percent and the French CAC 40 fell 1.55 percent while U.K. shares declined 1.44 percent.

Economics
US producer price index rose 0.5% in March, versus economists' expectations for a 0.1% growth.

The preliminary reading of Reuters/University of Michigan's consumer sentiment index rose to 82.60 in April, versus a prior reading of 80.00. However, economists were expecting a reading of 81.00.

Posted-In: Earnings News Guidance Eurozone Futures Forex Global Econ #s Economics Intraday Update Markets Movers Tech

© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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