What do Nintendo, World Wrestling Entertainment, and Tiffany & Co have in common? $19 billion Lone Pine Capital, a legendary stock-picking hedge fund, owns shares in all of them and sees "long runways" for their growth, according to a recent investor letter seen by Business Insider. Lone Pine Capital has divided the market into three…
TEAR-GAS NO LONGER seems shocking in Hong Kong’s Central district. Fifty days on from the first huge marches, the territory's nameless, leaderless protest movement is escalating. Confronting relentless activism, the police have been criticised, yet again, for their heavy-handed tactics. The protesters, too, are becoming more violent. The city’s chief executive, Carrie Lam, has not…
U.S.|Gilroy Festival Shooting in California Kills at Least 3DEVELOPINGImagePolice officers in Gilroy, Calif., after a deadly shooting at the city’s annual garlic festival on Sunday.CreditCreditNoah Berger/Associated PressAt least three people were killed and 15 more were injured in a shooting at a garlic festival in Gilroy, Calif., on Sunday, the authorities said.A suspect carrying an…
President Donald Trump said he plans to nominate Representative John Ratcliffe as Director of National Intelligence, replacing Dan Coats, who he said would depart the office on Aug. 15.The president announced the personnel changes on Twitter and said he’d name an acting director shortly. Ratcliffe’s nomination will be subject to approval by the Senate.Donald J.…
President Donald Trump announced Sunday that Rep. John Ratcliffe will be replacing Dan Coats as Trump's Director of National Intelligence. The New York Times reported earlier that Coats was expected to step down after a term spent at odds with Trump over issues that include Russian affairs and meddling in US elections, along with the…
HONDURAS HAS a little over 9m people—or at least it did. Around 2.2% of the population have been snatched by agents at America’s southern border since October. More still have slipped past; others dream of an escape. Your correspondent is writing this from Tegucigalpa, the capital, where a mood of puzzled gloom prevails among those…
This small city, best-known for its Amish and Mennonite communities, is a welcoming home for immigrants, refugees and their cooking.ImageAt Upohar, a vegetarian restaurant in Lancaster, Pa., where several kitchen staffers are immigrants and refugees, the menu changes depending on who is behind the pass.CreditCreditJason Varney for The New York TimesLANCASTER, Pa. — Lancaster Central…
In the latest issue of Fortune, which features our Global 500 list, I penned an essay about whether American corporations are equipped to defend themselves in cyberspace. Perhaps surprisingly, the answer to that question increasingly appears to be, "Yes." At least that's according to the experts I consulted. In lieu of a newsletter column today,…
L Brands' Les Wexner is one of America's longest-serving CEOs. Nicholas Hunt/Getty Les Wexner is the CEO and founder of L Brands, the parent company of Victoria's Secret. Recently the billionaire has come under scrutiny for his ties to convicted sex offender Jeffrey Epstein, who was arrested and charged with sex trafficking earlier this month.…
“DO YOU LOOK daunted? Do you feel daunted?” asked Boris Johnson of the crowd of Conservative Party members who had just elected him party leader, and thus prime minister. The question was rhetorical, but many of them did look nervous—and so they should. Britain now has its third Tory prime minister since the vote to…
