Sales & Marketing news

• The head of JPMorgan's giant investment bank has a warning for all the banks that have been cutting jobs

  18-12-2016 23:11 via feedproxy.google.com
  
  "When you start trying to cut costs in this type of business, you don't know when you'll stop."
  That's Daniel Pinto, CEO of JPMorgan's giant investment bank. He was speaking about the importance of scale in the trading business, and the downward spiral that can begin with cost cuts.  
  And when you cut, you can find yourself heading in to a downward spiral. 
  Using a slide from an investor day presentation earlier in the year, he explained that when you cut one business, the re
  
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• There's really only one thing Americans want from corporations

  18-12-2016 23:04 via feedproxy.google.com
  
  Americans are unanimous.
  Just Capital, a nonprofit set up by legendary hedge fund manager Paul Tudor Jones, has asked more than 50,000 Americans what they look for in corporate behavior.
  And the No. 1 answer across all income groups is that a company "pays a fair wage for the industry and job level."
  Now, on one hand, this shouldn't be a surprise. And what a "fair wage" means exactly is open to debate, with likely as many opinions as there are people.
  But the research highlights the extent to wh
  
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• A hot $1 billion hedge fund is building computers to predict how human traders will act

  18-12-2016 22:38 via feedproxy.google.com
  
  People are getting quantitative hedge funds all wrong, according to a manager who is launching a new $1 billion fund.
  Manoj Narang is launching New York-based MANA Partners next month, using a mix of quant and alternative data strategies.
  Quant funds have historically analyzed data using mathematical techniques to search for patterns of trends. The idea here is that quants can pick up on relationships between financial assets that human traders miss out on.
  That model is outdated, acco
  
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• Here's JPMorgan's pitch to top young talent

  18-12-2016 22:08 via feedproxy.google.com
  
  Wall Street isn't the lure to the best and brightest that it once was.
  Startups are considered cool and sexy, and big financial institutions have been going through a tough period. A survey last year showed that only 4% of graduating Harvard Business School students wanted to work in investment banking.
  A lot of top talent is choosing other fields.
  But according to Daniel Pinto, the CEO of JPMorgan's investment bank, banking is still interesting, precisely because it has so many challenges.
  In
  
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• HEDGE FUND MANAGER: There's crucial info about the market out there that most investors are missing

  18-12-2016 20:42 via feedproxy.google.com
  
  A hot new hedge fund says it has found a way to beat competitors by parsing info about the stock market that few are looking at.
  Manoj Narang of MANA Partners told Business Insider that his New York hedge fund would process data from the options market.
  "There are certain areas, because of the nature of our business, where we have a proprietary edge in data collection," Narang told Business Insider in a recent interview. "So for example, we have a very strong infrastructure for both high-frequen
  
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• Use this chart to find out if you and your spouse should file taxes jointly or separately

  18-12-2016 19:00 via feedproxy.google.com
  
  Taxes may be a pain, but learning how to do them properly could save you tons of money, particularly if you're married.
  While in the vast majority of cases you'll save more money filing jointly with your spouse, there are circumstances where you could save money — or perhaps feel more comfortable — filing separately.
  In any case, if you have doubt, you should run a comparison report with your CPA or financial adviser to make sure you're saving the most money possible.
  Check out some
  
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• JPMORGAN: The biggest risk to stocks is from rising rates, but these 19 will be resilient (ADI, AMG, AMP, BBT, BK, CA, CME, EA, ISRG, GRMN, MA, MNST, NTRS, ORCL, PCLN, PSA, SCHW, TMK, WFC)

  18-12-2016 18:36 via feedproxy.google.com
  
  The Federal Reserve did the expected this week and raised its benchmark interest rate. 
  If there are no sudden shocks to the economy, the Fed plans to continue lifting rates, after leaving them near zero for about a decade. 
  In a note Friday, JPMorgan equity strategists said rising rates and a stronger dollar are the biggest risks to their bullish outlook for stocks in 2017.
  "While the low interest rate environment has been a headwind for financials, it has been a boon for the rem
  
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• 'The least certain in years:' What 9 Wall Street pros forecast for the stock market in 2017

  18-12-2016 18:25 via feedproxy.google.com
  
  After the worst start to a year ever, the stock market surged to new highs in 2016. 
  All the major indexes rebounded to records and defied the doomsday forecasts that preceded events like Brexit and President-elect Donald Trump's election.
  For next year, no strategist at a top Wall Street firm forecasts that the bull market will end. Many expect America's largest companies to return to earnings growth, and to see other benefits from Trump's promises to cut taxes and ease regulations.
  Near t
  
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• 'Rogue One' has the second-best December opening weekend ever with $155 million

  18-12-2016 17:41 via feedproxy.google.com
  
  As expected, "Rogue One: A Star Wars Story" had a huge weekend at the box office with an estimated $155 million domestically, according to Variety.
  That's the second-best opening ever in the month of December, behind last year's "Star Wars: The Force Awakens" ($247.9 million), the third-best opening of 2016 (behind "Batman v Superman: Dawn of Justice" ($166 million) and "Captain America: Civil War" ($179.1 million)), and the 12th best opening of all time (beating out 2012's "The Hunger Games" ($
  
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• One image epitomizes the changing of the guard at Goldman Sachs

  18-12-2016 16:16 via feedproxy.google.com
  
  There has been a changing of the guard at Goldman Sachs in 2016.
  The global investment bank's no. 2 executive, COO and President Gary Cohn, on Monday announced he would leave the bank to join President-elect Trump's administration as National Economic Council director.
  The 56-year-old executive who spent 26 years at the firm will be replaced by the current chief financial officer, Harvey Schwartz, and global investment banking cohead David Solomon, who will split bo
  
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• The head of the No. 1 investment bank in the world explains why Brexit, Trump, and everything else have been great for trading

  18-12-2016 16:05 via feedproxy.google.com
  
  A bunch of events in 2016 had the potential to send the market into a tailspin.
  From the Brexit decision in June to the election of Donald Trump in November and the Italian vote against constitutional changes in December, there have been unexpected election results and breaks with the status quo.
  And while these events spurred trading activity, they did not roil the market in the way that many had predicted. In recent weeks, the US stock market has regularly topped record highs, for example.
  Acc
  
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• Interest rates are rising in the US, but in other places they're still below zero — here's what that means

  18-12-2016 13:00 via feedproxy.google.com
  
  It's only the second time in a decade. On Wednesday, the Federal Reserve hiked its benchmark interest rate by a quarter of a percent to the range of 0.5% to 0.75%. That number doesn't affect most Americans directly. It's a target for the rate charged when banks lend money to each other overnight.
  But it eventually filters through the economy, so when the Fed increases rates, it means mortgages will be more expensive, savings accounts will be more lucrative, and student loans a tiny bit more pai
  
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