Sales & Marketing news

• The head of HR at a top Wall Street bank explains what she looks for in new hires

  11-03-2017 21:56 via feedproxy.google.com
  
  Many people think you have to be a "Yes Man" to get ahead on Wall Street. 
  But that's not the type of person Liz Lieberman wants working at her bank. 
  Lieberman recently joined RBC Capital Markets as managing director and Head of US Human Resources.
  Before joining RBC Capital Markets in October 2016, Lieberman was the Global Head of HR at the Royal Bank of Scotland. She also held top HR roles at Merrill Lynch, Lehman Brothers, and Deutsche Bank, according to her LinkedIn
  
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• OECD: There are 4 big risks facing the world economy

  11-03-2017 20:37 via feedproxy.google.com
  
  The world economy will witness modest growth in the next few years but it could be derailed by financial and policy instability, according to the Organisation for Economic Cooperation and Development.
  "Global GDP growth is projected to increase, rising from just under 3% in 2016 – the slowest pace since 2009 – to 3.3% in 2017 and around 3½ percent in 2018," the OECD said in its interim economic outlook, released on Tuesday.
  However, the "disconnect between financial
  
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• There's a new 'most dangerous' man in global economics

  11-03-2017 20:25 via feedproxy.google.com
  
  On Monday, the head of the White House's National Trade Council, Peter Navarro, laid out the objectives of his trade agenda in a speech before the National Association of Business Economists.
  The thrust of Navarro's speech was that the "liberal trading order" the world has known for 70 years has been unfair to the richest country in the world. Bad deals have taken the most valuable jobs — manufacturing jobs — from American workers. They have boxed the US out of markets abroad. Countr
  
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• The $2.5 trillion investor behind a statue of a girl on Wall Street is tackling its own gender problem

  11-03-2017 19:35 via feedproxy.google.com
  
  A statue of a little girl standing defiantly in front of Wall Street's iconic bull caught the public's imagination this week. 
  The statue was installed by State Street Global Advisors, a nearly $2.5 trillion investor and unit within State Street Corp., ahead of International Women's Day. 
  Business Insider's story on the statue has been read by over 1.2 million people. People visited Wall Street to place pink, floppy "pussy hats" atop the head of the newly installed statu
  
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• Age discrimination is real, especially for women, and new research shows how it's hurting everybody

  11-03-2017 19:31 via feedproxy.google.com
  
  Older job seekers don't need data to tell them that it's a rough market out there, where businesses with increasingly short-run investment horizons favor lower costs over experience.
  But if hard evidence can help them fight discrimination through the justice system, here’s some.
  A report published by the Federal Reserve Bank of San Francisco found discernible and systematic patterns of age discrimination, particularly for women.
  "We report on new evidence from a field experiment testing fo
  
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• A brutal chart shows how investors have been failed by hedge funds

  11-03-2017 18:39 via feedproxy.google.com
  
  Deutsche Bank just came out with its annual survey on the state of the hedge fund industry. Among the findings: for the past three years, investors in hedge funds haven't been getting close to the returns they expected.
  It wasn't always this way. In 2013, investors in hedge funds targeted a 9.2% return and got 9.3% – close to spot on. But that flipped in reverse the next year. The gap between what investors wanted and what they actually got has since widened.
  In 2014, i
  
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• GOLDMAN SACHS: Hedge funds and mutual funds have very different views on the financials

  11-03-2017 18:34 via feedproxy.google.com
  
  It's no secret that bank stocks have outperformed the broader stock market since the election.
  Yet the enthusiasm for financials may be limited only to a certain kind of investors, according to a Goldman Sachs research note from chief US equity strategist at Goldman Sachs David Kostin's team.
  "Since the election, Financials have rallied by 25% led by a 33% surge in Banks, outpacing the 12% rise in the S&P 500," the team noted.However, among major institutional investors, mutu
  
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• The bull market in stocks just turned 8, and a pullback is the best thing that can happen

  11-03-2017 18:21 via feedproxy.google.com
  
  The postelection surge in US stocks has lost its steam in March.
  And a pullback might be the best thing that can happen next, even though that may sound counterintuitive.
  After all, most investors — especially those piled into increasingly popular index funds — gain only when the stock market goes up. And they have done just that since November 9, with the S&P 500 up 9% after the election and before President Trump's administration has had a chance to implement any of its pl
  
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• Donald Trump and Janet Yellen have very different ideas about the job market

  11-03-2017 17:32 via feedproxy.google.com
  
  One of the less prominent of Donald Trump's many outlandish and unsubstantiated claims, was an attack last year against improving employment statistics that he suggested were rigged.  
  Trump has also claimed the unemployment rate, currently at 4.8%, was a "phony number," arguing the real figure could be as high as 42% — a statement with no evidence to back it up.
  Meanwhile, Federal Reserve officials are set to raise interest rates further this month because they ha
  
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• Here are 25 books Wall Street will be reading this spring break

  11-03-2017 17:21 via feedproxy.google.com
  
  Dave Lutz, the head of exchange-traded funds at JonesTrading, recently released his annual "Spring Break reading" list.
  Over 600 Wall Streeters around the world contributed to this list of great books for outdoor reading.
  From science-fictionthrillers to business profiles, the full list is stellar, but we're highlighting only the 25 most frequently mentioned books.
  The list includes short reviews of the books — occasionally by the person that recommended them&
  
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• A $77 billion investment firm joined forces with Microsoft, and it hints at where investing is headed

  11-03-2017 16:54 via feedproxy.google.com
  
  Acadian Asset Management, a $77 billion investment firm, has signed a partnership with Microsoft to use the tech company's Bing Predicts macroeconomic indicators
  The deal is the latest example of Wall Street firms using so-called alternative data to get an edge
  Investors are in the business of making predictions.
  When an investor's prediction is correct, the investor will deliver outsize returns. On the flip side, if an investor's hunch is wrong, money will be lost. And as the digital transform
  
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• A 29-year-old startup founder who built an ecommerce empire shares her advice for entrepreneurs

  11-03-2017 16:05 via feedproxy.google.com
  
  Amber Venz Box has always had an entrepreneurial spirit. 
  The recent inductee to Forbes 30 under 30 list for retail and ecommerce told Business Insider that she started her own business in middle school selling jean skirts.
  "This was back when jean skirts were a big thing," Box said."I figured out how to stress denim using old jeans, bleach, and razors."
  She was in sixth grade.
  The business didn't last long. Box had yet to learn one of the most fundamental lessons of business:&nbs
  
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• The jewelry giant caught in a nasty discrimination suit has a lot of other problems

  11-03-2017 15:28 via feedproxy.google.com
  
  For years, Signet Jewelers, the biggest jewelry retailer in the country, has been in the midst of a shocking 69,000 person class-action sex discrimination suit, which is going to trial this year.
  The disturbing allegations, which management called a "purported parallel universe" on an earnings call with investors on Thursday, describe an environment in which women were treated like objects and male managers could expect sexual favors from subordinates in exchange for promotions.
  And th
  
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• 'Trumpcare' has passed its first huge hurdles — but there's a very real danger it collapses

  11-03-2017 15:27 via feedproxy.google.com
  
  President Donald Trump, in the first significant test of his legislative clout, sought to reassure the public — and maybe himself — about the future of the healthcare bill he has now firmly put himself behind.
  "Despite what you hear in the press, healthcare is coming along great. We are talking to many groups and it will end in a beautiful picture!" Trump tweeted Wednesday.
  In a wild week, the future of America's healthcare system suddenly became a bit clearer — and a lot
  
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• New York's rental market is entering a 'slow grind'

  11-03-2017 15:21 via feedproxy.google.com
  
  New York City's rental market is on track to continue cooling through the rest of the year, especially in the oversupplied luxury segment.
  In February, rents for studios and one-, two-, and three-bedroom apartments in Manhattan all fell year-over-year, according to the real-estate appraiser Miller Samuel. This hadn't happened since at least September 2012, according to Jonathan Miller, the CEO of the firm.
  The luxury market softened the most as developers focused most of their energies there and
  
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• The timeline for Trump's NAFTA renegotiation is getting more clear, and it could be trouble for Mexico

  11-03-2017 15:00 via feedproxy.google.com
  
  Debate over the effects and future of the NAFTA trade deal have been but one point of contention between Mexico and the US since President Donald Trump took office.
  There are number of potential sticking points and murky details about any NAFTA renegotiation, but it's becoming more clear when it could actually go down.
  "We're now in the early stages of the TPA process, the Trade Promotion Authority, the so-called fast track," US Commerce Secretary Wilbur Ross told Bloomberg on March 8.
  "And tha
  
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• GOLDMAN SACHS: Trump's regulatory reform will benefit 3 banks more than the others (C, BAC, JPM)

  11-03-2017 14:34 via feedproxy.google.com
  
  President Donald Trump's promise, and subsequent executive order, to ease Obama-era regulations on Wall Street banks has been a major driver behind the rally in bank stocks since the election.
  A team of Goldman Sachs analysts led by Richard Ramsden, managing director at the firm, have come out with a research note exploring the potential benefits for banks from deregulation.
  While "the bulk of the regulatory framework will not change," the team noted, "we estimate money centers could
  
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• ALBERT EDWARDS: The Fed is about to cause a bond market 'bloodbath'

  11-03-2017 14:21 via feedproxy.google.com
  
  Societe Generale strategist Albert Edwards says higher interest rates will trigger a 1994-style "bloodbath" in the bond market.
  Markets are pricing in a 100% probability that the Federal Reserve will raise its benchmark rate when it meets Tuesday and Wednesday. The Fed's most recent projection for the fed funds rate, which will be updated at the meeting, showed that it could hike as many as three times this year.
  In a note Thursday, Edwards recalled that before 1994 markets were expecting intere
  
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• 7 mega-billionaires who made a fortune last year

  11-03-2017 14:14 via feedproxy.google.com
  
  Bill Gates is once again the richest man in the world, adding another $10.6 billion to his net worth in the past year. Not a bad haul, but four other billionaires actually outearned Gates in the past year. Join the conversation about this story »
  
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• Goldman Sachs tech bankers say we're at dot-com-level dealmaking — here's where it's coming from

  11-03-2017 13:13 via feedproxy.google.com
  
  Goldman Sachs tech bankers are having a record year for dealmaking, and they don't expect it to stop anytime soon.
  "When we look ahead, it feels like, barring some piece of macro volatility, it's going to continue to be a constructive environment for tech M&A," Sam Britton, head of technology, media, and telecom mergers and acquisitions, recently told Business Insider.
  "It really feels like to me it's an extension of what we were seeing last year, just busier and more pronounced," Britton sa
  
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• Starbucks revealed how it plans to fix its crisis of long lines in stores (SBUX)

  11-03-2017 07:01 via feedproxy.google.com
  
  Starbucks stores are being inundated with mobile orders, and that's drastically slowing down service and alienating customers.
  At a UBS conference this week, company executives revealed how they plan to fix the problem.
  In the near-term, their solutions include adding more employees to stores to handle the influx of orders, UBS restaurant analyst Dennis Geiger said on a call with reporters following the conference.
  Starbucks also plans to make some small tweaks to the store layout to free up mor
  
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• A hedge fund with big-name backing has suffered another blow

  11-03-2017 00:47 via feedproxy.google.com
  
  Folger Hill Asset Management, a hedge fund backed by Leucadia, has suffered another blow. 
  Rayne Gaisford, the director of risk management, left in recent weeks and plans to work in consulting, according to people familiar with the situation. 
  Gaisford's departure marks at least the third in recent weeks at a senior level. The others are portfolio managers Mitul Shah and Jennifer Pollak, Business Insider previously reported.
  Folger Hill has been struggling for some time.
  
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