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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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Calvin Klein Kardashian ad campaign

The Kardashian-Jenner sisters in the Calvin Klein ad. Facebook/Calvin Klein Calvin Klein’s latest ad campaign features the Kardashian-Jenner sisters. The brand has made a push on social media to promote its apparel and underwear collections.  This is bad news for Victoria’s Secret who is losing ground in the US underwear …

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Netflix Q4 earnings report analysis: subscribers, revenue, EPS

Netflix Netflix will report its Q4 earnings after the closing bell on Monday, and rose to a record high during trading. Wall Street analysts expect Netflix’s strong slate of originals, including the second season of mega-hit “Stranger Things,” to propel the company past its guidance on US subscriber growth. This …

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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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Amazon Go draws long lines on opening day

Amazon’s first retail store in Seattle. Amazon Amazon opened its first cashierless store to the public on Monday, January 22 in Seattle. The store claims to make shopping easier by eradicating cashiers and lines, but the excitement has drawn more would-be customers than could be allowed inside. Lines to get …

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Stock market news today January 22

Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. The government shutdown looks set to end — at least for a few weeks. The Senate cleared a key procedural hurdle …

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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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Premium could be Amex’s big winner

BI Intelligence This story was delivered to BI Intelligence “Payments Briefing” subscribers hours before appearing on Business Insider. To be the first to know, please click here. Amex has finally moved on from Costco, as evidenced by its strong results across the board in Q4 2017, which were announced at the firm’s …

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