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
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
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
Qualcomm, the world's no.1 chipmaker, was fined 242 million euros ($272 million) on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust...Technologyread more
Saudi Arabia accessed Jeff Bezos' phone and obtained private data belonging to the Amazon CEO, security specialist Gavin de Becker said in an article posted on The Daily Beast Saturday, laying out the findings of his investigation.
Bezos had tasked de Becker, his security chief, with investigating how the National Enquirer had obtained and published intimate texts that the Amazon CEO had sent to his mistress, former TV anchor Lauren Sanchez.
In a shocking post in February, Bezos alleged that National Enquirer publisher AMI blackmailed him by threatening to publish intimate photos if he did not publicly state that the tabloid's coverage of him was not politically motivated. AMI has maintained that it acted lawfully in its reporting on Bezos.
De Becker said his investigation had concluded "with high confidence that the Saudis had access to Bezos' phone and gained private information."
Bezos is also the owner of The Washington Post, which has run critical coverage of the Trump administration and the Saudi government. In October, Post journalist Jamal Khashoggi was murdered in a Saudi consulate in Istanbul, sparking international outrage against Riyadh.
"Some Americans will be surprised to learn that the Saudi government has been very intent on harming Jeff Bezos since last October, when the Post began its relentless coverage of Khashoggi's murder," de Becker said.
De Becker went on to say that it is unclear if AMI was aware of the details, but pointed to what he called a close relationship between AMI chairman David Pecker and the Saudi government.
The Saudis have previously denied having anything to do with the National Enquirer's coverage of Bezos.
"This is something between the two parties, we have nothing to do with it," Adel al-Jubeir, Saudi Arabia's minister of state for foreign affairs, told CBS' "Face the Nation" in February.
The Saudi embassy could not be immediately reached for comment.
De Becker said his investigation quickly identified Michael Sanchez, the estranged brother of Lauren Sanchez, as a paid source of the National Enquirer. AMI has said Michael Sanchez was the single source for the story.
But de Becker suggested that "the initial information came from other channels—another source or method."
A spokesperson for AMI, in a statement to CNBC, maintained that Michael Sanchez was the single source for the National Enquirer story: "There was no involvement by any other third party whatsoever," the company said.
Here's the full statement from AMI:
Despite the false and unsubstantiated claims of Mr. de Becker, American Media has, and continues to, refute the unsubstantiated claims that the materials for our report were acquired with the help of anyone other than the single source who first brought them to us. The fact of the matter is, it was Michael Sanchez who tipped the National Enquirer off to the affair on Sept. 10, 2018, and over the course of four months provided all of the materials for our investigation. His continued efforts to discuss and falsely represent our reporting, and his role in it, has waived any source confidentiality. There was no involvement by any other third party whatsoever.
De Becker said the findings of his investigation have been turned over to federal officials.