Mexico's president on Wednesday will revive the career of his fallen former finance minister and appoint him foreign minister just four months after replacing him in the wake of a controversial visit by Donald Trump, sources told Reuters.
Mexican outlets have also reported that Luis Videgaray would soon take the reins of Mexico's foreign ministry.
Mexico City-based Reforma reported official sources saying Videgaray would take over for Claudia Ruiz Massieu as foreign minister.
Mexican newspaper E
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Mexico's former finance minister, ousted after Trump's visit, reportedly to be named foreign minister
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The Fed has its eyes on Trump
The Federal Reserve is watching for the impact of fiscal policy on economic growth and on how quickly it raises rates, according to minutes of the meeting the Federal Open Markets Committee (FOMC) held in December.
More than half of all officials included an assumption of more fiscal policy in their forecast.
President-elect Donald Trump has proposed billions in infrastructure spending, and tax cuts for corporations and individuals. After his win in November, markets became optimistic -
HSBC: The 'euphoria' surrounding the dollar will end once reality sets in
The US dollar has been on a roll since President-elect Donald Trump's win in early November.
The greenback rose against most major developed and emerging market currencies in the aftermath, and the trade-weighted dollar index is now hovering around 102.64 on Wednesday — near 14-year highs.
At least part of that appreciation could be attributed to the markets reacting to Trump's proposed fiscal policy initiatives. And last month analysts had argued that the currency still has some -
Weight Watchers is up 20% after a tweet from Oprah and a new diet ranking (WTW)
Weight Watchers stock was surging Wednesday after a double dose of good news for the diet company.
The company had the fourth-best diet in US News & World Report's new ranking of eating plans on Wednesday.
Additionally, major investor and board member Oprah Winfrey tweeted a new advertisement supporting the company. The ad features Winfrey claiming to have lost over 40 pounds since starting on Weight Watchers and encourages others to "take the leap" by signing up for the company's plan.
Foll -
The US auto industry is on the verge of a historic milestone (FCAU, GM, NSANY, F, TM, HMC, VOW)
Throughout Wednesday, automakers are releasing their sales numbers for December. The final data could show that in 2016, US auto sales rose to a new record and for a seventh straight year.
Among the so-called Big Three, GM led year-on-year growth with an increase by 10%, topping analysts' estimates. Ford and Fiat Chrysler also beat expectations.
Economists forecast that overall sales rose at a seasonally adjusted annual rate of 17.7 million, compared to 17.8 million in November. -
The 'frenzy' for Manhattan real estate is over
The housing market in Manhattan continued to shift in favor of buyers at the end of last year.
Amid a glut of properties, buyers in 2016 had more leeway to negotiate lower prices for units they wanted or to find better bargains elsewhere.
The fourth quarter "showed a continued easing of conditions, capping off a year without the frenzy seen in the prior several," according to a report from the brokerage Douglas Elliman Real Estate.
That frenzy involved home prices rising at a faster pace than wa -
Maltesers unveils braille bus poster as it puts inclusivity at heart of the brand
Maltesers is putting inclusivity at the heart of its brand after its Paralympic Games campaign featuring people with disabilities proved to be its most successful advertising in the last eight years.
Speaking to Marketing Week, Michele Oliver, vice-president of marketing at Mars Chocolate UK, which owns Maltesers, says the response from the public and consumers to its ads has been “wonderful” in terms of conversations around the campaign, sales and moving diversity up -
Sears' CEO just gave the company another $500 million lifeline (SHLD)
Sears is borrowing more money from CEO Eddie Lampert's hedge fund.
Lampert, through his hedge fund ESL Investments, has agreed to give the company a $500 million loan backed by Sears' properties.
Backing the loan with Sears' real estate means that if the company goes under, Lampert and ESL could be among the first to collect, according to bankruptcy experts.
It's the second time in a week that Lampert has thrown money at the business to keep it alive.
Sears shares have rallied by as much as 20% -
Allexo Search: Brand Manager - Bars & Restaurants
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The UK's leading Food & Beverage hospitality group based in Central London are searching for a driven and ambitious Commercial Brand Manager.
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Carter Murray: Head of Marketing, Financial Lines - FTC
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Carter Murray have partnered with one of the leading, global, Insurance organisations who are seeking to appoint a Head of Marketing to their team on a FTC basis. The role will lead marketing providing a clear market position and marketing strategy. The m
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Here are Investopedia's top 10 investor terms of 2016
2016 was an eventful year in both politics and markets, and it reflects in what investors were interested in knowing about during the course of the year.
Investopedia, the popular financial website, released its list of the top 10 terms used by investors in 2016. The ranking was compiled by Investopedia's editors based on investor interest, key trends, and events.
All of Investopedia's top 10 picks are listed below.10. Calexit
Hopping on the bandwagon of buzzwords like “Grex -
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Salt: Social Media Manager - Ecommerce
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London -
Trump's pick to head the SEC has a history of defending big banks
Donald Trump will nominate Jay Clayton, a Wall Street lawyer, to head the Securities and Exchange Commission according to transition sources.
Clayton, a partner at Sullivan and Cromwell, has represented a number of Wall Street giants and has even defended financial institutions against regulators.
According to Clayton's biography on Sullivan and Cromwell's website he represented a number of banks during the financial crisis including Barclays during its purchase of Lehman Brothers, Bea -
LIVE: US auto sales (FCAU, GM, NSANY, F, TM, HMC, VOW)
Automakers will report their sales numbers during December throughout Tuesday.
Economists forecast that sales rose at a seasonally adjusted annual rate of 17.7 million, compared to 17.8 million in November.
The pace of sales in December could make 2016 another record year of sales. Sales last year were driven by lower gas prices, the relatively high average vehicle age for cars on the road (over 11 years), and easy credit.Also, consumers were buying pickups and SUVs, th -
Amazon is launching its own athleisure brand (AMZN)
Amazon is jumping on the athleisure trend with its own in-house brand of athletic apparel.
The retail giant is hiring for brand managers to help launch a line of activewear, looking for candidates who "will collaborate with leadership to build authentic activewear private label brands that have compelling and unique DNA."The job postings were originally spotted by Recode's Jason Del Rey. Business Insider has independently confirmed that Amazon is launching its own athletic clothing la -
Trump delivers warning to Republicans on Obamacare repeal to keep the heat on Democratic 'clowns'
President-elect Donald Trump tweeted Wednesday that Republicans needed to "be careful" in their coming effort to repeal the Affordable Care Act, the healthcare law better known as Obamacare, to keep blame for its shortcomings on the shoulders of Democrats.
"Republicans must be careful in that the Dems own the failed Obamacare disaster, with its poor coverage and massive premium increases like the 116% hike in Arizona," Trump wrote.
He added that Republicans shouldn't "let the Schumer clowns out -
12 rising hedge fund stars who are in their 20's and are posed to take over the finance world
Hedge fund guys dominated Forbes' most recent '30 Under 30' list for finance.
There were twelve of them on the 2017 list in total, including Michael Buckley, who works at Stanley Druckenmiller's Duquesne Capital, and Anthony Massaro, who works at Bill Ackman's Pershing Square Capital Management.
The list for finance was chosen by a jury consisting of Sonia Gardner, cofounder of Avenue Capital Group, Thomas H. Lee, founder of Lee Equity Partners, and Jennifer Fan, portfol -
12 rising hedge fund stars who are in their 20s and are poised to take over the finance world
Hedge funders dominated Forbes' most recent "30 Under 30" list for finance.
Twelve of them are on the 2017 list, including Michael Buckley, who works at Stanley Druckenmiller's Duquesne Capital, and Anthony Massaro, who works at Bill Ackman's Pershing Square Capital Management.
The list for finance was chosen by a pool of judges comprising Sonia Gardner, the cofounder of Avenue Capital Group; Thomas H. Lee, the founder of Lee Equity Partners; and Jennifer Fan, a portfolio manager at Millennium M -
Here are the fastest growing and shrinking states in the US
Utah is growing quickly, while West Virginia is losing people.
The US Census Bureau recently released its population estimates for each of the 50 states and Washington, DC, for 2016 and how populations changed from July 1, 2015, to July 1, 2016.
Most states added population, from some combination of net births minus deaths, international migration, and domestic migration. Eight states — West Virginia, Illinois, Vermont, Connecticut, Wyoming, Pennsylvania, Mississippi, and New York — -
The world needs to stop obsessing over how many cars Tesla is selling (TSLA)
On Tuesday, Tesla reported how many vehicles it built and, more importantly for investors, how many were delivered to customers during the fourth quarter of 2016 and in the full year.
On paper, the numbers were disappointing: Tesla missed its deliveries guidance for the year by around 4,000 vehicles, after indicating that it would deliver between 80-90,000 for much of 2016.
It became apparent midway through last year that Tesla probably wasn't going to hit the upper end of guidance, and in fact -
Bitcoin is going bananas
Bitcoin is going bananas.
The cryptocurrency was 6.9% higher at $1,094.69 per coin early Wednesday, bringing its 2017 gain to 15%.
On its first trading day of the new year, bitcoin crossed above the $1,000 mark for the first time since 2013.
Bitcoin is up 90% since the beginning of September, and it gained 123% in 2016, making it the top performing currency for the second year in a row.
Bitcoin's gains have been buoyed by renewed interest from China, where money is rushing out of the country as -
The Canadian dollar is climbing
The Canadian dollar is climbing.
The currency is up by 0.9% at 1.3313 per dollar as of 7:55 a.m. ET.
"For its part, the Canadian dollar is through its 20-day moving average (~CAD 1.3380) for the first time since December 15," Marc Chandler, global head of currency strategy, wrote.
"At CAD 1.3340 the greenback has retraced 50% of the gains since December 14 FOMC rate decision day," he added.
As for the rest of the world, here's the scoreboard as of 8:11 a.m. ET:
The euro is up by 0.3% a -
Ford CEO explains the real reason the company is killing its plan to build a Mexico factory — and it’s not just because of Donald Trump (F)
On Tuesday, Ford announced a massive new investment of $4.5 billion over five years in electric and autonomous vehicles.
Ford CEO Mark Fields delivered the news at the company's Flat Rock Assembly Plant, which will get a $700-million boost and add 700 workers.
Fields also said that Ford had decided not to build a new $1.6-billion plant in Mexico to manufacture small cars, whose narrow profits margins have made it difficult to continue assembling them in the US, where labor costs are substan -
A big deal in the options trading business just went down
A big deal in the options trading world just got announced.
Dash Financial, a financial technology provider, is merging with LiquidPoint, the options trading and technology business owned by Convergex.
The new entity, named Dash Financial Technologies, will be majority owned by the private-equity firm GTCR, which is also a majority owner at Convergex.
"This merger creates a well-capitalized, growing financial technology firm that is able to deliver the next generation of trading and transparency -
We now know how Wall Street banks stack up in dealmaking, and it isn't even close (JPM, GS)
The results are in, and, really, it isn't even that close.
JPMorgan finished 2016 in a dominant position when it comes to Wall Street dealmaking revenue, according to figures from Dealogic.
The US bank earned the most in fees in global investment banking, US investment banking, and investment banking in Europe, the Middle East, and Africa.
It also finished the year top of the table for debt capital markets revenue, equity capital markets revenue, and syndicated loans revenue, according to figure -
Senior marketers from BT and News UK among 17 chosen for fellowship
Seventeen marketing leaders including BT’s Dan Ramsay and Chris Duncan from News UK have been chosen to take part in this year’s The Marketing Academy fellowship programme.
The programme is designed to equip CMOs and marketing bosses with the skills needed to make the transition on to boards and into the CEO role. Now in its fourth year, this year’s list (below) includes execs based in six European countries, including the US and the Middle East for the first time.
The Marketi -
L’Oréal reveals ‘most personalised innovation yet’ with smart hairbrush launch
L’Oréal’s Kérastase brand is focusing on data with its latest innovation, the world’s first smart hairbrush, which it says will allow the beauty brand to communicate directly with consumers and provide “much more personalised marketing”.
The product unveiled today (4 January) at the Consumer Electronics Show (CES) in Las Vegas, uses algorithms to score the quality of the user’s hair and to monitor the effects of different hair care routines. It -
Sotheby's Institute of Art: Sotheby's Institute of Art - Digital Marketing Manager – London
Range: £38-45k + bens depending on the knowledge / skills /attributes of the preferred candidate. :Sotheby's Institute of Art:
Sotheby’s Institute of Art is seeking a Digital Marketing Manager to develop, implement, track and optimize digital marketing campaigns.
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Next profit warning suggests difficult Christmas for high street retailers
Next, seen as one of the bellwethers of the British high street, saw sales fall in the run-up to Christmas and has warned that the outlook for 2017 will be “challenging” for retailers.
Full-price sales for the 54 days to 24 December were down by 0.4%. While this was an improvement on the third quarter, when sales fell by 3.5%, Next says it was expecting growth due to its weak performance in the final quarter of 2015.
Sales at its end-of-season sale, which runs from Boxing Day and ty -
Ryanair and Lastminute.com slammed for ‘misleading’ pricing in ads
The Advertising Standards Authority (ASA) has today (4 Jan) ruled against two travel ads from Ryanair and Lastminute.com for “misleading advertising” that could not be substantiated.
The ruling against Ryanair is based on the airline’s television ad seen on 5 October, which states “book now from just £19.99. Ryanair. Low fares. Made simple”. The ad then says “Fares one way. Book by 10/11/16. Travel 25/03/17”, before larger text says “Summer -
Lidl launches ad campaign to promote new brand strapline
Lidl has unveiled a new ad campaign and strapline, ‘Big on quality, Lidl on price’, that will see the discounter directly compare its products with those of its supermarket rivals on both price and quality.
READ MORE: Lidl reveals ‘Big on quality, Lidl on price’ strapline
The campaign, created by TBWA\London, launches today (4 January) in print ahead of its TV debut on Friday (6 January). The series of ads focuses on Lidl’s claim that shoppers’ money goes furt -
UK music streaming hits new high
LONDON: The music industry in the UK is booming, fuelled by a huge rise in streaming services and a strong revival in vinyl sales, the latest industry figures have shown.According to the British Phonographic Industry (BPI), the trade body, music... -
UK braces for lower spending in 2017
LONDON: Leading economists expect the UK economy to experience a marked slowdown in growth this year as businesses try to rein back on their costs amid uncertainty about the country's post-Brexit prospects.That is according to the latest -
Omnichannel retailers win this season
NEW YORK: American shoppers spent an average $711 on gifts and other holiday-related items this holiday season, up a full 16% on 2015, according to a new survey that also underlined the importance of omnichannel retail options.Based on responses... -
Maglabs: Account Director
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Maglabs is looking for an experienced, strategic & highly motivated Account Director to join our friendly & dynamic team.West Drayton, London (Greater) -
Instagram's celebrity advertising success
KUALA LUMPUR: Popular influencers in Malaysia are increasingly using Instagram to shape the way advertising is conducted in the country and the wider region.Malaysian blogger Vivy Yusof, for example, has an impressive 827,000 followers of her... -
Google, Facebook squeeze adtech firms
NEW YORK: The number of global financing deals in ad tech companies is forecast to decrease by 17% to 343 by year-end 2016, compared with 414 deals in 2015, according to new analysis.CB Insights, the venture capital data specialists, also revealed... -
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Chinese box office growth plummets
BEIJING: China has often been tipped to become the world's largest cinema market, but official figures have shown that the Chinese box office suffered a dramatic slowdown in growth in 2016.As reported by South China Morning Post, data from China's... -
Brands enter a 'brave new world'
BOCA RATON, FL: Marketers must prepare for a "brave new world" in which media, advertising and technology are increasingly fused with one other, according to analysis from Ipsos Connect, the research firm.Sherrill Mane, Head of Strategy at Ipsos...
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