Business

A 36-year-old who manages $4 billion breaks down why Amazon is his most bullish bet

26 days ago   |   By

Noah Berger/Reuters
It's been smooth sailing this year for anyone in the stock market who bet on big tech companies.
The so-called FAANGs, including Facebook , Alphabet , and Netflix , have earned their stripes in 2017 by outperforming the broader stock market and being responsible for much of its gains.
That's partly why stock pickers are having a strong year - they held a record overweight position in tech .
And so, for fund managers heavily weighted in the so-called growth sectors, 2017 has been a good year. They include Justin White, 36, who manages the T.Rowe Price New America Growth...
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Facebook and Amazon are so big they're creating their own company towns - here's the 200-year history

Facebook and Amazon are so big they're creating their own company towns - here's the 200-year history

26 days ago   |   By

Getty Images Mega-corporations - from Facebook to Amazon - are creating modern-day company towns.
In Menlo Park, California, Facebook plans to build a new campus with 1,500 residences, a walkable retail district, a grocery store, and a hotel for its employees. Meanwhile, Amazon recently announced that it will build a second headquarters that could effectively turn the chosen city into a company town - much like what happened to Seattle when the online retail giant came to Seattle in the late 1990s. Dubbed HQ2, approximately 50,000 employees will work there.
Since the 19th century...
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