Marketplace Morning Report for Friday August 15, 2014
Ever wonder how the price of silver is set? For more than a hundred years, silver prices have been set globally in something called a silver fix. But that's about to change. Plus, Samsung recently did a little home shopping The South Korean electronics giant snapped up a start-up called "Smart Things" for around $200 million. It's a U.S. company that specializes in smart-home controllers. But Samsung isn't the only one seeing profit potential in the so-called internet of things. Hackers see it, too. And they're worried that if companies specializing in smart devices don't take the time to install proper security, hackers with bad intentions will use the internet of things to invade entire households.
Ever wonder how the price of silver is set? For more than a hundred years, silver prices have been set globally in something called a silver fix. But that’s about to change. Plus, Samsung recently did a little home shopping The South Korean electronics giant snapped up a start-up called “Smart Things” for around $200 million. It‘s a U.S. company that specializes in smart-home controllers. But Samsung isn’t the only one seeing profit potential in the so-called internet of things. Hackers see it, too. And they’re worried that if companies specializing in smart devices don’t take the time to install proper security, hackers with bad intentions will use the internet of things to invade entire households.
