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Bacardi is reportedly buying Patrón for $5 billion

Liquor conglomerate Bacardi has agreed to buy tequila maker Patrón for $5.1 billion, according to a report by The Wall Street Journal. Bacardi previously owned 25% of Patrón International, which makes about $1.6 billion in revenue from its namesake tequila as well as a handful of other hard spirits, according to Euromonitor.  The …

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Tech and media stocks will rally in 2018

CFRA media and entertainment analyst Tuna Amobi spoke to Business Insider’s Sara Silverstein about what 2018 holds for tech and media stocks. Following is a transcript of the video. Sara Silverstein: When you look at tech and media stocks overall, do you think that they’re overvalued? Tuna Amobi: I do think …

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Best tech products to buy in 2018

Flying cars: Not yet, but maybe soon!TerrafugiaEvery single year, technology keeps getting demonstrably better and more powerful.  More and more tech products are having a profound impact on the way we live our lives. But with so many gadgets on the market, which ones do you really need to own? …

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Morgan Stanley’s new managing director list is out

Shutterstock/Marco Iacobucci EPP Earlier this month, Morgan Stanley announced a new class of 153 managing directors. The names of the newly promoted managing directors were released Monday.  Of the new promotions, 64% came from the  Institutional Securities, Investment Management, and Wealth Management divisions. Ninety-five of the new MDs work in …

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CRYPTO INSIDER: Bitcoin falls again

Mike Segar/Reuters Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. Bitcoin is slumping again, down 8% Monday, as the flagship cryptocurrency pares many of Friday’s gains. The brief buoyancy was seen as a …

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Amazon Go bets against retail apocalypse

The Amazon Go store in Seattle.Matt Weinberger/Business Insider Amazon opened its futuristic Amazon Go store to the public on Monday. It’s just one of several physical retail initiatives the primarily online retailer has undertaken recently. Amazon has become synonymous with online shopping. The e-commerce giant is now estimated to take about half of …

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