Sales & Marketing news

• RAY DALIO: There is a human tragedy taking place in America

  09-04-2017 17:49 via feedproxy.google.com
  
  Ray Dalio is with Jamie Dimon.
  Dimon, the JPMorgan CEO, said this week that while the US is "probably stronger than ever before," it is "clear that something is wrong."And in an interview with Business Insider's global editor in chief Henry Blodget on The Bottom Line, Business Insider's new weekly business news show, Dalio, the founder of Bridgewater Associates, agreed. 
  "He's right," he told Blodget. 
  Dalio launched Bridgewater from his kitchen, and the firm is now the world
  
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• Machine learning is now used in Wall Street dealmaking, and bankers should probably be worried

  09-04-2017 16:45 via feedproxy.google.com
  
  It has been said that Wall Street dealmaking is more art than science. That could be changing. 
  JPMorgan, which is spending big on technology as it looks to cut costs and increase efficiency, last year launched a predictive recommendation engine to identify those clients which should issue or sell equity. And now, given the initial success of the engine, it's being rolled out to other areas.
  Matt Zames, chief operating officer at JPMorgan, ran through the bank's tech strategy in a lett
  
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• 'The most dangerous idea in Federal Reserve history' seems to be making a comeback

  09-04-2017 14:38 via feedproxy.google.com
  
  Top Federal Reserve officials, including Chair Janet Yellen, have expressed concern that waiting too long to raise interest rates might force the Fed to tighten monetary policy even more quickly in the future, potentially tipping the economy into recession.
  "Waiting too long to remove accommodation would be unwise, potentially requiring the FOMC to eventually raise rates rapidly, which could risk disrupting financial markets and pushing the economy into recession," Yellen said in February testim
  
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• Someone made a $100 million trade with JPMorgan on their cell phone

  09-04-2017 13:58 via feedproxy.google.com
  
  JPMorgan is investing in technology in a big way — and it's paying off.
  The CEO of the firm's corporate investment bank, Daniel Pinto, stressed the importance of technology in an annual letter to shareholders Tuesday.
  Specifically, he noted, one client leveraged the firm's technological capabilities to make a $100 million trade — from a mobile phone.
  "Our profitable Markets business, which generated an overall ROE of 17% last year, enables us to invest in innovation and the client ex
  
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• ROSENBERG ON THE JOBS REPORT: 'There is no possible way to put lipstick on this pig'

  09-04-2017 13:30 via feedproxy.google.com
  
  The March jobs report was a mixed bag for many economists.
  Nonfarm payrolls increased by 89,000, far fewer than expected. But the unemployment rate fell to a nearly 10-year low of 4.5%, and wage growth remained near its strongest level since the recession.
  But other details made the report worse for David Rosenberg, the chief economist at Gluskin Sheff, who expects that economists will downgrade their forecasts for first-quarter economic growth in the coming weeks.
  "This goes down as one of the
  
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• Here's how you'll know if Trump is making America's economy great again

  09-04-2017 12:08 via feedproxy.google.com
  
  President Donald Trump promised frequently throughout his campaign to "Make American great again" or "MAGA."
  Part of his promise was to revive the sleepy US economy, which has been experiencing its slowest post-recession recovery in decades.
  So far, Trump has not delivered on many of his economic policy promises. We haven't seen a tax plan, an infrastructure investment plan, or any sense of additional economic policy from the White House. There have been a few Trump meetings
  
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• There's a new 'Asian Tiger'

  09-04-2017 02:32 via feedproxy.google.com
  
  When people talk about the "Asian Tigers," they're typically referring to Hong Kong, Singapore, South Korea and Taiwan. The four countries experienced rapid growth between the 1960s and 1990s.
  But now there's another country that should come to mind: Bangladesh. 
  The Bangladesh economy has been one of the top performers in Asia over the past decade, averaging annual growth of more than 6%. Much like Hong Kong, Singapore, South Korea and Taiwan during the industrializatio
  
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