Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
Under CEO James Gorman, Morgan Stanley has emphasized its wealth management division, a far steadier business than its trading operations.Financeread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Three candidates calling for a mixed approach also co-sponsored Sen. Bernie Sanders' 'Medicare for All' bill.2020 Electionsread more
Here are the biggest calls on Wall Street on ThursdayInvestingread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
Barr and Ross had defied Democrats' subpoenas for information about the Trump administration's efforts to add a citizenship question to the 2020 census.Politicsread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Iran's state TV says Revolutionary Guard forces have seized a foreign tanker with 12 crew accused of smuggling oil.World Politicsread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
Looking for an indicator that Amazon's Alexa is a beloved product? This holiday season, shoppers asked Alexa to order ... more Alexa devices.
The company said on Tuesday that it sold "tens of millions" of devices powered by its smart voice assistant.
While there are scores of purchases that can be made using Alexa, the top purchases made through "voice shopping" were the Echo Dot and Fire TV Stick with Alexa Voice Remote, the company said.
Amazon's Alexa app also topped the App Store charts for Apple's iPhone, presumably as people set up their new devices.
The small, inexpensive Echo Dot was the top-selling product on Amazon across all categories, and the newer Echo Spot and Echo Buttons also sold out.
Alexa also seems to be a big driver of the Fire TV category. Twice as many Fire TV Sticks (the less-sophisticated version) were purchased this year — but usage of Alexa on the higher-end Fire TV devices was 889 percent year over year in the U.S.
Alexa's breakout holiday seems to come hand-in-hand with a surge in smart-home interest in general: Smart plugs, smart light bulbs, and robot vacuums were also top sellers.
"The more that Amazon can not just get its Echo devices out there, but get its Alexa technology embedded in a variety of things, including cars, that'll be the long-term win," RBC analyst Mark Mahaney told CNBC's "Squawk Alley " on Tuesday.