Sales & Marketing news

• Something is missing from the hedge fund industry

  17-09-2016 22:10 via feedproxy.google.com
  
  In 2015, Mallory Downing was hustling for a hedge fund job.
  Like many of her peers at Columbia Business School in New York, she sent out hundreds of résumés. She met with more than 100 people in interviews or informal coffee meetings. She was set on a career in investing and knew the hedge fund model was for her.
  "Getting into this industry requires some serious conviction," she told Business Insider.
  Not long after, a prominent hedge fund manager stood in front of a group of fema
  
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• A $9 billion hedge fund just gave an epic excuse for poor performance

  17-09-2016 21:09 via feedproxy.google.com
  
  Crispin Odey is having a tough year.
  His UK-based hedge fund is down about 35% this year through August, according to an investor letter. The firm manages around $8.9 billion.
  And Odey is blaming central bankers, and in particular low interest rates, for creating an unsustainable economy.
  "It would certainly be simpler to follow the market," he wrote. "But then we would be ignoring the fundamental data."
  His explanation for his fund's terrible performance, while quite macro-focused, is coherent
  
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• There's something odd about the way insulin prices change

  17-09-2016 21:00 via feedproxy.google.com
  
  Insulin prices are rising — increases that mean some people are spending as much on monthly diabetes-related expenses as their mortgage payment.
  But what makes the rise in insulin prices different than many other old drugs that have drawn scrutiny over prices, is that there is competition for insulin.
  In most industries, competition drives down prices. In this case, the competitors appear to increase prices side-by-side — something that's been referred to as "shadow pricing."
  At leas
  
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• 22 maps that explain America

  17-09-2016 20:28 via feedproxy.google.com
  
  At Business Insider, we love maps. There is no better way to convey data about people and places than with a map.
  To that end, we've put together 22 maps that explain various economic, social, demographic, and linguistic aspects of the United States of America. Check them out.
  Rob Wile contributed to an earlier version of this post.This map shows jobs that are held at a much higher rate in each state than in the country as a whole.
  And here are jobs that pay much more in a state than they do in
  
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• We just got a rare insight into how Wall Street dealmakers make their money

  17-09-2016 18:29 via feedproxy.google.com
  
  Dealmaking is back. 
  A string of big corporate takeovers have been announced in the last week, including the big Potash-Agrium deal in the agriculture sector, and the $43 billion combination of Enbridge and Spectra Energy. 
  The sudden rebound couldn't come soon enough for Wall Street. Until now, it has been a slow year for traditional investment banking activity, like work on equity and bond deals and advising on mergers.
  "We've had five very, very strong years, followed in 2016 b
  
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• Americans are starting fewer businesses than they used to

  17-09-2016 18:05 via feedproxy.google.com
  
  Possibly the defining business trend coming out of the financial crisis has been a "startup boom." Everyone is building an app or starting their own business it seems.
  This image, however, may be just an illusion, according to Michelle Meyer, US economist at Bank of America Merrill Lynch.Join the conversation about this story »NOW WATCH: STIGLITZ: It makes me crazy that everyone gets this wrong about the economy
  
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• We just got some data on auto lending, and it's setting off alarm bells

  17-09-2016 17:28 via feedproxy.google.com
  There is a lot of talk out there about the auto-loan market right now.The default rates for auto loans in oil-producing regions in the US have been jumping, while hedge fund honcho Jim Chanos has said the auto-lending market should "scare the heck out of everybody."
  John Oliver has used time on his show, "Last Week Tonight," to highlight the ways some used-car dealerships take advantage of people.
  Now, in a presentation Monday at the Barclays Financial Services Conference, Gordon Smith, the chie
  
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• America's newest stock exchange is now going after 'one of the touchiest subjects' on Wall Street

  17-09-2016 16:27 via feedproxy.google.com
  
  America's newest stock exchange isn't finished shaking up the establishment.
  IEX, the trading firm famous for its efforts to undercut high-speed traders, just launched as an exchange after winning regulatory approval in July. 
  The exchange-application process was a drawn out and ugly affair, with IEX throwing barbs at its rivals, and establishment players like Nasdaq and the New York Stock Exchange returning the favor.
  This back-and-forth was typically carried out via comment lett
  
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• The travel perks on this new credit card are so good that it might just be worth the $450 annual fee

  17-09-2016 16:00 via feedproxy.google.com
  
  A few months ago, I wrote about my fantastic experience with the Chase Sapphire Preferred credit card. My card has helped me book more than $800 worth of air travel, essentially for free, in the past seven months, thanks to a hefty new member bonus and double points on dining and travel.
  In late August, JPMorgan Chase revealed its newest rewards card, the Chase Sapphire Reserve, and it's packed with even more benefits. Its arrival is making waves among consumers — specifically young people
  
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• GOLDMAN: 5 reasons the stock market will keep going lower (SPX, GSPC, SPY, IXIC, GS)

  17-09-2016 15:40 via feedproxy.google.com
  
  Volatility is back in markets after a dead-quiet summer.
  And Goldman Sachs' equity strategists expect that the next move for the S&P 500 will be down.
  Goldman forecasts the benchmark index will finish the year at 2,100, about 1% lower than the 2,127 it closed at on Friday.
  On Friday, the S&P 500 closed down more than 2%, the first time in 43 trading days the benchmark index closed with a gain or loss of more than 1%.
  "'Fat and flat' is a catchy phrase, but 'sideways, down, and up' more a
  
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• The world's biggest hedge fund is worried the Federal Reserve could mess up everything

  17-09-2016 15:27 via feedproxy.google.com
  
  Billionaire investor Ray Dalio told a hedge fund conference on Tuesday that the Federal Reserve doesn't need to raise interest rates now.
  A note sent to Bridgewater Associates' investors on the same day further explains why the firm thinks the Fed should hold off.
  The note warns that raising rates during a deleveraging, or selling off of debt, could crush the economic recovery.
  "If it were us, we would not take the risk the Fed appears to be moving toward," the note said. "Cyclica
  
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• Sears is closing a whole bunch of Kmart stores

  17-09-2016 15:20 via feedproxy.google.com
  
  Another wave of Kmart store closures is underway.
  On Friday, Sears Holdings, which owns Sears and Kmart, informed Kmart employees in at least 13 states that their stores would be closing in mid-December, according to local news reports and employees who spoke to Business Insider.
  The stores that are closing will begin liquidation sales on September 22, employees said.
  Sears did not immediately respond to Business Insider's request for a full list of the stores closing.
  According to Colorado news
  
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• Iran shouldn't be underestimated in 2 key oil markets

  17-09-2016 15:20 via feedproxy.google.com
  
  Iran shouldn't be underestimated in 2 key oil markets.Join the conversation about this story »NOW WATCH: KRUGMAN: Obamacare was done 'on the cheap' and now it is struggling
  
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• Millennials aren't spending money like their parents did

  17-09-2016 14:24 via feedproxy.google.com
  
  Millennials are spending their money differently from their parents and grandparents.
  Gordon Smith, chief executive for consumer and community banking at JPMorgan, gave a presentation on Monday at the Barclays Financial Services Conference discussing the spending patterns of millennials. JPMorgan is especially focused on this group, and we've written before about the bank spending big to land younger customers.
  The chart below shows what millennials and non-millennials purchased using Chase debi
  
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• Tesla is still going to win the driverless-car race (TSLA)

  17-09-2016 14:12 via feedproxy.google.com
  
  Tesla is entering one of the roughest periods it has ever faced.
  In the fourth quarter, the electric-car maker must deliver at least 80,000 vehicles to meet its guidance, continue to develop the Model 3 mass-market sedan for a 2017 launch, and grow its energy-storage business.
  Tesla must also manage the acquisition of SolarCity, expand battery production at its Nevada Gigafactory, and ramp up manufacturing on the Model S and Model X SUV.
  Whew. And that's not even Tesla's exhaustive to-do list. T
  
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• One of the most 'compelling' growth stories on the planet

  17-09-2016 12:00 via feedproxy.google.com
  
  China's middle class is booming. And with that explosion of wealth comes the opportunity for the Chinese to try and experience new things, including traveling abroad.
  While only about 6% of Chinese citizens have passports, their overseas spending is the highest in the world, amounting to about $200 billion over the last three years, or about the size of Greece's economy. 
  Their spending has gotten so crazy that Japan even created a new word, bakugai, to explain their "explosi
  
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• The number of new businesses in the US is collapsing — and that's disastrous news for the economy

  17-09-2016 03:09 via feedproxy.google.com
  
  Possibly the defining business trend coming out of the financial crisis has been a "startup boom." Everyone is building an app or starting their own business it seems.
  This image, however, may be just an illusion, according to Michelle Meyer, US economist at Bank of America Merrill Lynch.
  Both the formation of firms (for example, McDonald's as a whole) and establishments (an individual McDonald's restaurant), have dropped off precipitously since the financial crisis and remained low.
  This is imp
  
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