A portfolio manager who's crushed his peers for the last half-decade identifies one stock every long-term investor should own (TROW, ILMN, AMZN, GOOGL)
T. Rowe Price
Every long-term investor should own Amazon shares, according to David Eiswert, portfolio manager of the $950 million T. Rowe Price Global Stock Fund.
"A lot of the things that we bet on Amazon five or ten years ago are more apparent to everyone today," he told Business Insider in an interview.
One avenue to Amazon's profitability that's been overlooked is advertising, he said.
Every long-term investor should own some Amazon shares, according to T. Rowe Price's David...
David Ryder/Getty Images
Amazon is throwing open the doors to its first cashier-less grocery store, dubbed Amazon Go, in Seattle on Monday, January 22.
The company first revealed its plans for its futuristic retail experience back in December 2016, describing how you could simply waltz into a shop with your phone that has the company's app installed, pick items off the shelves, and walk out without bothering to check them out; you'd simply be billed automatically via your Amazon account.
Business Insider/Michael Seto
Verizon's Oath is planning to pool together data from both inside the company and from digital competitors in an attempt to build a more powerful ad targeting mechanism.
The company touted its rich data sources in conversations with ad buyers at CES.
Advertisers would love Oath – which includes both AOL and Yahoo – to emerge as a forceful competitor to Google and Facebook, but will only be patient for so long.
Oath promises it can help advertisers who are tired...
Apple CEO Tim Cook and Malala are joining forces to get 100,000 underprivileged girls into school (AAPL)
Apple CEO Tim Cook and Nobel Peace Prize winner Malala Yousafzai met in Beirut, Lebanon over the weekend to announce a partnership between Apple and the Malala Fund.
Their aim is to use Apple's resources and expertise, combined with the Malala Fund's reach, to offer some 100,000 underprivileged girls primary education.
Lebanon is one of the first countries where the new initiative will take place, but there are also Afghanistan, Nigeria, Pakistan, and Turkey, with more planned for the...
Randall Hansen owes Michael Wolff a beer.
Eight years ago, the former wrote a book on the American and British bombing campaign over Germany between 1942 to 1945. He called it "Fire and Fury" the same title used by Wolff for his controversial take on the first nine months inside Donald Trump's White House.
And now the WW2 book is climbing the sales charts again because Amazon is recommending it as a bundle with the Wolff book.
The Guardian reports that the Canadian author, a political...
Morgan Stanley says that corporate earnings growth, which has been a crucial driver of the stock market's record-breaking run, will start slowing around mid-year.
The firm has identified seven stocks around which they have high positive conviction this earnings season.
Earnings season has been a bright spot for the stock market for several quarters now. You could even argue it's been the root cause of the equity explosion that's served investors so well.
However, Morgan Stanley says...
Rescue workers in a rebel-held enclave of Syria have accused government forces of using chlorine gas during a bombing.
13 civilians, including women and children, have been injured after the alleged gas attack, according to the White Helmets.
Syria's government has a history of using chemical weapons, and the US attacked a Syrian air base in response to the last major incident.
BEIRUT (Reuters) - Rescue workers in a Syrian rebel-held enclave east of Damascus accused government...
Princess Eugenie is getting married to her London socialite boyfriend in the second royal wedding of 2018
Tristan Fewings / Getty
Buckingham Palace announced Eugenie's engagement to Jack Brooksbank on Monday.
The two have been dating since 2010, and got engaged in Nicaragua in January.
Eugenie is the Queen's granddaughter, and eighth in line to the throne.
Brooksbank, a London socialite, manages the Mahiki nightclub in Chelsea, which is popular with the younger generation of royals.
The ceremony will be held at St George's Chapel in Windsor this autumn, the same venue being used by Prince Harry and...
Attorney General Jeff Sessions is pushing FBI director Christopher Wray to replace deputy FBI director Andrew McCabe and former FBI general counsel James Baker.
President Donald Trump has accused McCabe of putting his thumb on the scale of the FBI's investigation into Trump's 2016 rival, former Democratic nominee Hillary Clinton.
Meanwhile, congressional Republicans are targeting Baker as they investigate his contacts with the reporter who first broke the story about the...
The world's most expensive cities to live in have been revealed in a major survey of almost 300 population hubs.
The destinations are named in the 14th Annual Demographia International Housing Affordability Survey: 2018.
It analysed 293 metropolitan housing markets in nine countries — Australia, Canada, Hong Kong, Ireland, Japan, New Zealand, Singapore, the UK, and the US — in the third quarter of 2017.
Using the "median multiple" approach, which involves taking an area's median house price and...
Estate agents are being fined millions for failing to prevent money laundering – but the fines are 'not publicly being made known'
Estate agents are being fined six and seven figure sums for failing to comply with new anti-money-laundering and anti-tax-evasion legislation, according to the head of the National Association of Estate Agents.
HMRC confirmed fines had been handed to estate agents, but could not say how many.
There has been a "ramping up" of compliance activity, as firms work to comply with the new laws.
Money launderers are looking beyond high-end London locations to university towns to buy properties.
Good morning! Here's what you need to know.
1. Prime Minister Theresa May has said that a Government white paper will prevent pensions from being at risk of bosses "trying to line their own pockets." In a comment piece published in the Observer, Mrs May addressed the issue of pension deficits in the wake of the collapse of construction firm Carillion.
2. Spain's state prosecution service said on Sunday it would seek the arrest of former Catalan president Carles Puigdemont if he traveled from...