Sales & Marketing news

• A legendary Morgan Stanley banker reveals the importance of 'emotional intelligence' on Wall Street

  01-10-2016 20:30 via feedproxy.google.com
  
  Over his 40-year banking career, James Runde learned that being just as smart and hardworking as his colleagues wasn't enough.
  Instead, developing emotional intelligence, or "EQ," is key to getting ahead on Wall Street, Runde wrote in an article published Monday by the Harvard Business Review. Runde started working at Morgan Stanley in 1974 and eventually served as a vice chairman in the bank's investment-banking unit.
  "Without EQ, it's likely that you will be your firm's 'best-kept secret' &mda
  
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• UBS: These 6 housing markets around the world are closest to a bubble

  01-10-2016 19:35 via feedproxy.google.com
  
  Vancouver's housing market is more likely to be in a bubble than any other major city in the world, according to UBS Wealth Management.
  The bank's economists published their 2016 Real Estate Bubble Index for select cities on Monday.
  The UBS economists say that Vancouver is in a bubble because the rise in that city's house prices has been substantial, and the current levels are well above what homes are really worth.
  "House prices of the cities within the bubble risk zone have increased by almost
  
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• The era of cheap gas in New Jersey is over

  01-10-2016 19:32 via feedproxy.google.com
  
  Sometimes I just can't believe it. Driving around in New Jersey, where I live, I see what to my mind are comically low gas prices — I can almost always fuel up for less that $2 a gallon.
  Two years ago, I moved from one of the highest gas-price states in the US, California, and a year ago, I became a resident of the Garden State.
  I'll never forget the first time I stopped at a gas station and, being a decade-long Los Angeles dweller, prepared a pair of twenties, only to get my fill-up for $
  
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• The underground economy in prison is way more sophisticated than you might think

  01-10-2016 19:28 via feedproxy.google.com
  
  The underground economy in prison is way more sophisticated than you might think.
  Inmates aren't allowed to carry cash. What they earn from prison jobs goes into commissary accounts, which allows prisoners to buy better food and other personal care items from the prison store.There are other currencies, though.One of the most popular items is mackerel– or "mack" in prison lingo – which costs about $1.47 a can at the commissary, according to Michael Smith Baker, an inma
  
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• JPMorgan promoted a rising star in its biggest business (JPM)

  01-10-2016 16:23 via feedproxy.google.com
  
  JPMorgan just announced a change at the top of its consumer banking business.
  The US bank has named Thasunda Duckett as CEO of the consumer bank, reporting to Gordon Smith, CEO of consumer and community banking.
  "T is an extraordinary leader and talent," Smith said in a memo announcing the appointment. "For anyone who knows T, you know she has both great IQ and EQ."
  The new role puts Duckett, who was previously CEO of Chase Auto Finance, at the heart of JPMorgan's biggest business
  
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• Shopping at Walmart is getting a lot cheaper (WMT)

  01-10-2016 16:01 via feedproxy.google.com
  
  Grocery prices are in a free-fall. 
  Food prices have declined for nine straight months in the US, marking one of the longest stretches of food deflation in 50 years.
  We went to Walmart to find out just how far prices have fallen at the No. 1 grocery store in the US.
  We compared the prices of 34 items at a store in Richmond, Virginia on Tuesday to the prices of the same items at the same store in December 2015.
  The result? The basket of groceries
  
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• Everything you know about millennial spending is about to change

  01-10-2016 15:27 via feedproxy.google.com
  
  Millennials are becoming parents — and it's creating shockwaves in the retail, restaurant, automotive, and home-buying industries. 
  The 18- to 35-year-old generation is notorious for renting homes instead of buying, spending on experiences over apparel, and dining at restaurants instead of at home. 
  But that's starting to change as more millennials become parents. More than 60 million millennials — about 80% of the generation — will become parents
  
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• UBS has made a marquee hire in New York

  01-10-2016 15:22 via feedproxy.google.com
  
  UBS has made a big hire in the US.
  Bob Foresman will join the company as vice chairman of UBS Investment Bank on October 3, according to a memo seen by Business Insider. A spokeswoman confirmed the contents of the memo. 
  He will report directly to Andrea Orcel, president of the investment bank, and will be based in New York. 
  "He will bring his extensive relationships, political and geopolitical understanding and strategic experience, to add additional weight to, and strength
  
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• A reminder that you really need to get as many raises as you can before you turn 40

  01-10-2016 14:20 via feedproxy.google.com
  
  Real wage growth — or the lack thereof — has become a hot-button issue in the US.
  It is something you often hear about in the race for the White House. In simple terms, many Americans feel like they're not doing any better than they were five or 10 years ago. And sure enough, growth in wages minus inflation has fallen sharply over the past 30 years.
  "Our analysis shows that this economy-wide average real wage growth rate has declined by a third since the mid-1980s," researchers at Li
  
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• US homeowners get a huge tax break almost nobody knows about, and it's even part of GDP

  01-10-2016 13:00 via feedproxy.google.com
  
  Benjamin van de Klundert calls the Amsterdam apartment he owns with his wife, Jessy, "cozy." The tall and narrow brick one-bedroom occupies the floors above a bar in the trendy De Pijp neighborhood.
  But what makes it different than an apartment in, say, Williamsburg, Brooklyn, is that in the eyes of Dutch tax collectors, owning that home means the Van de Klunderts became landlords. Their tenant? Well, that's where things get weird. There isn't one.
  The Van de Klunderts owe taxes on roughly
  
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• BAML: These 3 policy concerns 'keep us up at night' ahead of the US presidential election

  01-10-2016 12:00 via feedproxy.google.com
  
  With the presidential election just over five weeks away, economic strategists are trying to prepare for all possible outcomes and the respective risks they present. 
  The election has become one of the "most significant near-term risks" for the economy and markets, according to a note by Bank of America's macro team, led by Lisa Berlin. 
  On the downside, the team notes concerns over trade and the Fed, but on the upside, we could see some additional fiscal stimulus.
  Regar
  
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• America is running out of apartments

  01-10-2016 12:00 via feedproxy.google.com
  
  America is running out of vacant apartments. 
  Rental-apartment occupancy in the US reached 96.5% in the third quarter, according to RealPage, a provider of property-management software.
  That's just under the all-time peak of 96.8% reached during the tech boom in 2000, according to the firm. 
  The flip side of occupancy — vacancy — also shows a strained picture. According to the Census Bureau, the rental-vacancy rate remained near a 30-year low of 6.7% in the second quar
  
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