Gerard Araud, French ambassador to the United States, told reporters he is concerned about the possibility of a trade war between the US and Europe over the auto sector.
The embassy has released a new study showing the benefits of trade cooperation between the United States and France.
"There is an obsession by the president on trade about cars," Araud said. "Every time he's talking about trade with the Europeans, he's talking about BMW or Mercedes."An important engine of US economic
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'There is an obsession by the president on trade about cars': The French ambassador to the US says the auto sector is make-or-break for a possible trade war with Europe
-
Trump's right-hand man in the China trade war once rattled Soviet negotiators by smoking an entire box of Cuban cigars in one sitting
Robert Lighthizer is the US Trade Representative spearheading President Donald Trump's trade war with China.
According to a new Bloomberg profile, Lighthizer has been a hard-charging trade negotiator since the 1980s.
In one instance, Lighthizer smoked an entire box of Cuban cigars in a windowless room to throw off Soviet negotiators during a tense round of talks.The point man for President Donald Trump's trade war with China is no stranger to tense negotiations — or a high-end cigar.
A new -
Insiders are 'shocked' that Adobe is paying nearly $5 billion for Marketo, a deal that Salesforce and SAP also looked over (ADBE, SAP, CRM, MSFT)
Insiders are "shocked" at the nearly $5 billion price tag on Adobe's acquisition of Marketo, which was officially announced on Thursday hours after Business Insider reported the big-ticket deal was imminent.
"Almost spit out my coffee," said one source familiar with Marketo's financials. "I'm shocked at that number."
It's unclear whether or not Adobe faced a bidding war, though several of Adobe's biggest competitors did take a look during the sales process, multiple sources told Busin -
2 major brokerages are suing Goldman Sachs for blocking their clients from investing in IPOs (AMTD)
TD Ameritrade and Charles Schwab filed a lawsuit against Goldman Sachs on Thursday.
The brokerages say Goldman is in violation of a 17-year agreement that says it must reserve 15% of initial-public-offering shares for retail customers.
Without these reserves, customers could miss out on potentially lucrative investments in newly public companies.
Goldman Sachs pushed back against the suit, saying it has every right to terminate the agreement, and that the plaintiffs were seeking to " -
Dow rallies to first all-time high since January
Stocks surged to record highs Thursday as markets shook off escalating trade tensions around the globe. The Dow Jones industrial average hit a fresh peak for the first time since January. The dollar slipped to its lowest level since August, and Treasury yields jumped.
Here's the scoreboard:
Dow Jones industrial average: 26,657.25 +251.49 (0.95%)
S&P 500: 2,931.84 +23.89 (0.82%)
Nasdaq Composite: 8,028.23 +78.19 (0.98%)
As threats to exclude Canada loom, NAFTA -
Millennial investors are buying weed stocks at a faster clip than Amazon and Netflix (CRON, ACBFF, CGC, TLRY, XXII)
Cannabis stocks are among the most popular with millennials, according to data gathered by Markets Insider from the free-trading app Robinhood.
Some stocks have more than doubled in popularity over the past month as their prices have soared.
Canadian cannabis company Cronos is more popular than Amazon, Netflix, and Twitter on Robinhood.Weed stocks are exploding in popularity among young investors — in a wave that’s reminiscent of cryptocurrencies.
The news cycle in t -
'The team knows they can do a better job': Bank of America's investment banking chief's out after a tumultuous year (BAC)
Bank of America Merrill Lynch has had a tumultuous year in investment banking, even before global investment banking chief Christian Meissner's departure was announced.
Early on, the bank had to deal with a loan gone bad to Steinhoff International, which cost the firm nearly $300 million.
Amid a record year of mergers-and-acquisitions, Bank of America's performance has dragged, and the firm has lost ground to competitors. It had been a tumultuous year for Bank of America Merrill Lynch -
Facebook is taking on Tinder with the official launch of its dating service — but it's only in Colombia for now (FB, MTCH)
Facebook has launched its new dating service, which was teased earlier this year and rolled out in beta to employees a few months later.
For now, Facebook Dating is only available in Colombia, but the company is expected to bring it to other countries in the future.
The service is built into Facebook's core mobile app, but is separate from most features in it.
The service will compete against the likes of Tinder, Bumble, and OkCupid.Facebook is officially in the dating game, but for now, you'll -
Goldman Sachs' head of stock trading is leaving, as incoming CEO David Solomon continues with his shakeup (GS)
Goldman Sachs' equities chief Paul Russo, who has run the business since 2012, is leaving the firm.
The departure comes as incoming CEO David Solomon puts his own leadership team at the top of the bank.
Goldman's equity trading revenue lagged behind peers during the second quarter.
Goldman Sachs' equities chief Paul Russo is leaving the bank, according to a source familiar with the matter, as incoming CEO David Solomon looks to put his own leadership team at the top of the Wall Street firm -
Wells Fargo says it will cut as many as 26,500 jobs in the next 3 years (WFC)
Wells Fargo said on Thursday it would cut its staff by about 5% to 10% within the next three years.
The third biggest US bank has 265,000 employees, meaning the cuts would encompass as much as 26,500 people.
Wells have been hit with a range of problems over the last several years, beginning with the fake-accounts scandal in 2016, when the firm said employees had opened millions of customer accounts without their consent in order to meet sales targets. The revelation forced the resignation -
Amazon came out nowhere to claim the No.3 spot in online advertising — and its game plan should make Google and Facebook afraid (GOOG, GOOGL)
Amazon is expected to become the third largest digital advertiser, behind Facebook and Google, according to eMarketer researchers.
But as the company's market share of the ad and retail business continues to expand, the company may run into the same kind of scrutiny that has dogged other large ad platforms, such as Google's.
Some observers already see behavior that makes it difficult for smaller third-party manufacturers that sell through Amazon to compete.The retailer's ad business is gro -
Amazon is taking on TiVo with a new Fire TV DVR that can record live broadcasts (AMZN)
Amazon on Thursday debuted the Fire TV Recast, Amazon's first antenna and DVR.
The Fire TV Recast will play and record live TV, and integrate directly into your Fire TV. It can also send recorded footage to your other devices.
Amazon says the device will allow you to "stream live TV anywhere from shows to local news, sports, and more from stations like ABC, CBS, FOX, NBC, PBS, and The CW."
The device contains two tuners and a 500 GB DVR, which will let you record up to two shows at once, -
The marijuana investing boom has caused a small drink-maker's stock to triple in less than a week (NBEV)
New Age Beverages' stock has tripled this week after announcing a CBD beverage amid a rally in pot stocks.
The news came as rumours swirled around Coca-Cola's potential entry into the space.
Follow New Age's stock price in real-time here.
Weed stocks have been on fire, and the rally is bringing anyone that so much as mentions cannabis with it.
New Age Beverages, a small Colorado-based company, is no exception. When it announced on Wednesday that it would debut a portfolio of CBD-infused be -
Millennials are snapping up the 'Tesla of China' since its IPO (NIO)
Millennial investors have been pilling into Nio, the Tesla of China, shares since its US initial public offering last week.
Nio shares have gained 46% since their IPO, and is the 29th most held stock on Robinhood.
Watch Nio trade in real time here.Nio — the Tencent-backed electric-car startup widely seen as the Tesla of China — has become a darling for investors on the stock-trading app Robinhood, a no-fee brokerage popular among younger traders.
Shares -
MORGAN STANLEY: Don't expect much upside from Nvidia's gaming business anytime soon (NVDA)
The performance of Nvidia's new GeForce RTX series have been disappointing, Morgan Stanley says.
The series, including GeForce RTX 2080 T, RTX 2080, and RTX 2070, will hit shelves on Thursday.
Software supporting the expensive new graphics cards is still limited, and the new product cycle could show a slower growth in adoption compared to its previous cycle, analysts said.
Watch Nvidia trade in real time here.Nvidia's new graphic-card performance is disappointing, -
Disney pops after revealing ESPN's new streaming service has reached 1 million subscribers (DIS)
ESPN+, the network's new streaming service, has hit 1 million subscribers, the network said Thursday.
Shares of Disney, ESPN's parent company, rose 1.7% following the announcement.
The streaming service is likely Disney's testing ground for its own over-the-top service when it pulls its content from competitors like Netflix next year.
Follow Disney's stock price in real-time here.
Less than five months after its launch, ESPN's paid streaming service has hit 1 million subscribers, the -
The Canadian cannabis producer that was in talks with Coca-Cola to make a CBD-infused drink is reportedly targeting a US IPO in October
Aurora Cannabis is planning for a US initial public offering in October, the company's chief corporate officer said.
The Canadian cannabis producer was reportedly in talks with Coca-Cola to make a CBD-infused drink.
Marijuana stocks have been red-hot as of late.
Watch Aurora Cannabis trade in real time here.Aurora Cannabis, the Canadian cannabis producer that was reportedly in talks with Coca-Cola to make a drink infused with CBD, one of the nonpsychoactive compounds found in cannabis, is t -
We tried out JPMorgan's new free stock-trading platform that it hopes can take on upstarts like Robinhood, and it fell flat in some major areas (JPM)
There's a race to the bottom in stock trading fees right now, and JPMorgan is the latest entrant.
You Invest, the bank's new zero-fee brokerage platform, offers 100 free trades for all customers, with options up to unlimited trades for premium consumers.
We took the new platform for a spin to see how it compared to digital-only start-ups like Robinhood.
The bottom line: it's not the most easy-to-use interface, but it works perfectly and comes with the backing of the US' largest bank.
JPMorgan's -
Tesco’s simple positioning for Jack’s aims to strike a cord with price conscious consumers but it must be backed by quality
When Tesco unveiled its first Jack’s discount store yesterday (19 September) one thing chief executive Dave Lewis made very clear was that Jack’s is part of the Tesco family, which is evident through it’s blue and red branding and its slogan.
Another thing Lewis was eager to emphasise is Jack’s strong emphasis on “Britishness”. Advertising in-store and on pack will highlight that eight out of 10 products available in Jack’s are grown, reared o -
Tesco’s simple positioning for Jack’s aims to attract price conscious consumers but it must be backed by quality
When Tesco unveiled its first Jack’s discount store yesterday (19 September) one thing chief executive Dave Lewis made very clear was that Jack’s is part of the Tesco family, which is evident through it’s blue and red branding and its slogan.
Another thing Lewis was eager to emphasise is Jack’s strong emphasis on “Britishness”. Advertising in-store and on pack will highlight that eight out of 10 products available in Jack’s are grown, reared o -
Tesco’s simple branding and focus on Britishness for Jack’s will resonate with consumers
When Tesco unveiled its first Jack’s discount store yesterday (19 September) one thing chief executive Dave Lewis made very clear was that Jack’s is part of the Tesco family, which is evident through it’s blue and red branding and its slogan.
Another thing Lewis was eager to emphasise is Jack’s strong emphasis on “Britishness”. Advertising in-store and on pack will highlight that eight out of 10 products available in Jack’s are grown, reared o -
Utility helps build connections
via warc.comSome innovative brands believe that they need to be in service to audiences. Howard Pull, Strategic Development Director at MullenLowe Profero, suggests that many of the winners in the Effective Innovation category of the 2018 WARC Awards... -
Recommended reading: Improving brand health and spotting opportunities
Eat Your Greens: Fact based thinking to improve your brand’s health
By Wiemer Snijders
This book has already sparked a lot of buzz despite not being released until next month. It comprises a collection of 35 essays from great marketing thinkers such as Byron Sharp and Marketing Week columnists Mark Ritson and Helen Edwards that explore how marketers can do their jobs better by using marketing science. Each author has chosen a different subject, which range from the application of beh -
Boden hires Giffgaff founder for chief customer role
British clothing brand Boden has brought in Gav Thompson to head up its customer business, a sign it is looking to ramp up its digital transformation and grow its global footprint.
Thompson, who begins his role as chief customer officer on 1 October, founded mobile phone provider Giffgaff in 2009. He has also held chief marketer roles at Yopa Property, Paddy Power and O2.
He takes over from Penny Herriman who will be leaving the business after five and a half years.
The appointment comes as Bod -
Just Eat, Ocado and BrewDog join the club as the UK’s 75 most valuable brands are revealed
Is Britain turning into a nation of gamblers driven by speed, ease and convenience? Kantar’s newly-expanded BrandZ Top 75 most valuable UK brands certainly seems to suggest just that – with the 25 new entrants dominated by online retailers, food and drink services and betting sites.
While the top end of the ranking remains stable – led by Vodafone, HSBC, Shell, BT and Sky – players such as Just Eat (30), Ocado (49), BrewDog (65), National Lottery (37) and Bet365 (44) are
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