Sales & Marketing news

• This chart explains why Tesla has been making history (TSLA)

  22-04-2017 17:08 via feedproxy.google.com
  
  For the better part of a century, there have been three major US carmakers: General Motors, Ford, and Chrysler (now Fiat Chrysler Automobiles). 
  Over the past few month, a new contender has crashed the party: Tesla. After briefly seeing its market cap rise above GM, Tesla has slipped back. But with a total value of $48 billion, versus $51 billion for GM, Tesla is still considered by Wall Street the number two US automaker — Ford is at $44 billion. Shares closed on Friday at $306.
  
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• CREDIT SUISSE: JCPenney is finally responding to the death of brick-and-mortar retail

  22-04-2017 16:47 via feedproxy.google.com
  
  Things have not been easy for brick-and-mortar retailers. 
  Across the retail industry, stores are closing at a clip and firms are witnessing their profits diminish as e-commerce firms such as Amazon continue to win over the hearts and cash of shoppers. 
  JCPenney has not been immune to the changing landscape.
  As reported by Business Insider's Hayley Peterson, the firm announced in February that it would close up to 140 stores in the next couple of months.
  That follo
  
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• Isaac Newton was a genius, but even he lost millions in the stock market

  22-04-2017 16:30 via feedproxy.google.com
  
  Newton.Join the conversation about this story »NOW WATCH: Children who eat too much sugar are developing diseases that only alcoholics used to get
  
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• A mystery trader called '50 Cent' has already lost $89 million but can't stop betting on a stock market shock (VIX)

  22-04-2017 16:28 via feedproxy.google.com
  
  After taking $89 million in losses so far in 2017, one trader is doubling down on bets the US stock market is in for a rude awakening.
  The mystery trader's investment vehicle of choice is the CBOE Volatility Index, or VIX, a measure of expected price swings in US equities that serves as a barometer for investor nervousness. It generally climbs as stocks fall, so purchases of VIX contracts translate to bearish wagers on the S&P 500.
  On Wednesday morning, the trader, nicknamed "50 Cent" by Mac
  
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• Another senior staffer has left a struggling hedge fund started by a Steve Cohen protégé

  22-04-2017 16:14 via feedproxy.google.com
  
  Another senior staffer has left a hedge fund started by a Steve Cohen protégé.
  Folger Hill Asset Management's Jennifer Rusk, the director of investor relations, left last week, according to people familiar with the matter.
  Rusk started working at the hedge fund around its start in January 2015, according to a LinkedIn page. Her next move was not immediately clear.
  Other members of Folger Hill's business development and marketing team are taking over Rusk's duties, a person briefed
  
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• Now's a great time to be a stock picker

  22-04-2017 15:45 via feedproxy.google.com
  
  Companies in the S&P 500 are moving independently of one another to an extent rarely seen, and that's good news for stock pickers.
  The CBOE S&P 500 Implied Correlation Index, a gauge of lockstep moves in the S&P 500, is close to the lowest it's been all year, according to data from Bloomberg. The index has dropped 14% so far in 2017 as investors have delineated between the winners and losers of President Donald Trump's expected policies.
  As of Friday, the measure had been l
  
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• World leaders meeting in Washington are pretending they can't see the bogeyman right in front of them

  22-04-2017 15:32 via feedproxy.google.com
  
  WASHINGTON — This year’s spring meetings of the International Monetary Fund are like one big therapy session for the global financial elites, and everyone is venting about the same issue: Donald Trump.
  After all the IMF is the ultimate "globalist" institution derided by Trump and his anti-foreign, trade-restricting supporters and advisers. Trump has already ditched the long-negotiated TransPacific Partnership (TPP) trade deal with 11 other nations in the region, is threatening to rip
  
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• The anonymous writer of a famous story about buying a private jet just revealed himself

  22-04-2017 15:00 via feedproxy.google.com
  
  When Vanity Fair published the account of a "top Information Age entrepreneur" about what he learned by spending $12 million on a private jet, it drew a lot of attention.
  This was in 1998, and while it was the height of the dot-com boom, private jets weren't the kind of commonplace accessory for the rich that they are now. The essay, titled "My First Gulfstream," gets rediscovered every few years, as new audiences are surprised by the piece's anecdotes about what billionaires talk abou
  
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• A hotshot trader just quit Goldman Sachs to join its arch rival (GS, MS)

  22-04-2017 13:50 via feedproxy.google.com
  
  A young hotshot trader just quit Goldman Sachs for its arch rival.
  Kerri Saperstein, who works in high-yield bond trading, has left the bank, according to people familiar with the matter. She is moving to take a similar role at Morgan Stanley, one of the people said.
  Saperstein was named on Forbes' 30 under 30 list this year, where she was reported to be a bond trader running one of Goldman Sachs’ five high-yield market-making books.
  Saperstein holds a bachelor's degree
  
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• Tesla is having some predictable union problems (TSLA)

  22-04-2017 03:27 via feedproxy.google.com
  
  Tesla might be the second-largest US carmaker by market capitalization, having surpassed Ford and threatened General Motors with its recent surge to a $50-billion valuation, but it's the most naive when it comes to understanding how labor operates in the auto industry.
  The company's difficulties aren't even limited to a single continent. Earlier this year, long-simmering rumors about a unionization effort at Tesla's Fremont, Calif. factory broke into the open.
  Thus far, Tesla has sort of gently
  
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• GOP congressman: 'Something in the swamp' stopped Trump from repealing Obamacare

  22-04-2017 03:24 via feedproxy.google.com
  
  A GOP lawmaker thinks the dreaded "swamp" may have stopped President Donald Trump from repealing Obamacare.
  Rep. David Brat of Virginia, a conservative member of the House Freedom Caucus, told CNN on Friday that "something in the swamp" was holding up Trump's promise to repeal Obamacare, formally the Affordable Care Act, as soon as he took office.
  Brat said the American Health Care Act, the bill to repeal and replace Obamacare, was close to completion but was sidetracked by "the swamp of special
  
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• Russia and Saudi Arabia could face economic and political consequences if the oil-production deal isn't extended

  22-04-2017 03:23 via feedproxy.google.com
  
  The world's major oil producing countries  — including some non-OPEC states — struck a deal in November to cut production with the hope of ending the global glut that has kept prices depressed for over two years.That six-month deal is about to expire and investors are trying to parse whether it'll be extended amid perennial geopolitical tensions and overlapping strategic market interests.
  Saudi Arabia's oil minister Khalid al-Falih suggested at an o
  
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• Theranos is being accused of running fake tests using outside lab gear

  22-04-2017 02:49 via feedproxy.google.com
  
  New court filings allege that Theranos used a shell company to purchase commercially available lab equipment and faked blood tests in presentations with prospective investors and business partners, The Wall Street Journal reported Friday. 
  The documents were filed as part of Partner Fund Management's lawsuit against the blood-testing company.
  Before October 2016, Theranos's business model was based around the idea that it ran blood tests using proprietary technology that requires
  
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