Sales & Marketing news

• The cofounder of the company that helped bring the world BroBible wants to help millennials get rich

  27-05-2017 20:45 via feedproxy.google.com
  
  Watch your back Cheddar.
  Scott Grimes cofounded the entertainment-focused digital media company Woven (now Uproxx), which brought the world the edgy young male-aimed site BroBible. Now he wants to help young people better manage their wallets with a new web video venture.
  Stackin aspires to become a go-to outlet for millennials looking for help with personal finance. The media property quietly rolled out a series of short videos on Facebook and Instagram last month, along the lines of &ldqu
  
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• The investing business is about to go through 'the largest competitive realignment' in history

  27-05-2017 20:16 via feedproxy.google.com
  
  Investment managers are in for a wave of consolidation the likes of which the industry has never seen before.
  Several factors are driving this “the largest competitive realignment in asset-management history," according to a new report from consulting firm Casey Quirk, which is part of Deloitte.
  Among them:
  The rise of passive, or index, investing — which is much cheaper than actively managed investing — is pushing down fees that asset managers have historically charged their
  
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• Wall Street's workforce is slowly and relentlessly shrinking

  27-05-2017 20:11 via feedproxy.google.com
  
  It's relentless.
  Every year, the number of bankers and traders employed by the largest banks on Wall Street shrinks a little. Headcount across investment banking, equities and fixed-income trading at the top 12 banks dropped by 1,900 from the first quarter of 2016 to the first quarter of 2017, a fall of 3%, according to new data from industry consultant Coalition. The data includes: Bank of America Merrill Lynch, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Gold
  
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• David Einhorn was just dealt a blow in his battle to shake up GM (GM)

  27-05-2017 19:43 via feedproxy.google.com
  
  Greenlight Capital's David Einhorn has been waging a battle ahead of General Motors' annual shareholder meeting to split the company's stock into two classes.
  The hedge funder, who controls over 3% of GM in total, wants dividend-paying shares and "capital appreciation" shares that could capture GM's growth and deliver a return to shareholders superior to what the markets have since the carmaker's 2010 post-bankruptcy IPO.
  GM has underperformed the markets over this period and is currently tradin
  
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• Traders just got a sign the stock market rally has a long way to go

  27-05-2017 17:31 via feedproxy.google.com
  
  The equity bull market's biggest catalyst looks like it's here for the long haul.
  Profit expansion — which has historically been the biggest contributor to share-price appreciation for US corporations — is churning at a rate not seen in almost six years.
  And now that more stocks are getting in on the action, the recovery looks likely to sustain itself going forward.
  The number of companies revising future profits higher is outpacing those making downward adjustments by the most
  
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• Trump could get 'beamed into space' and stocks would be just fine

  27-05-2017 16:29 via feedproxy.google.com
  
  Does the stock market even need the Trump trade anymore?
  Merely posing such a question may strike some equity enthusiasts as blasphemy. After all, in the months right after the presidential election, the sectors seen as most closely tied to President Donald Trump's proposed policies — most notably financials and industrials — soared.
  But an interesting wrinkle has formed. Whenever one of the plentiful negative Trump headlines hits news wires, investors are mostly unshaken. A prime ex
  
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• Parental leave is so rare in the US that Hobby Lobby's CEO didn't even know if he offered it

  27-05-2017 15:00 via feedproxy.google.com
  
  Last month, David Green, the CEO of the craft retailer Hobby Lobby, came to Business Insider’s office to promote a book called "Giving it All Away," in which he writes at length about generosity in business and in life.
  Green is an evangelical Christian, and Hobby Lobby famously sued the US government so that it would stop paying for four contraceptives that Green believes cause abortions. He won.
  When we asked him whether Hobby Lobby offers parental leave, he was stumped. "I don’t
  
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• The CIO of a $114 billion investment firm sees 'stormy weather' ahead for stocks

  27-05-2017 11:02 via feedproxy.google.com
  
  Many things have tried to derail the eight-year-old equity bull market. They've all failed.
  The surprise devaluation of the Chinese yuan, Brexit, the shocking US presidential election — they all gave it their best shot, but were ultimately stymied by optimistic investors who saw an opportunity to add to positions at discount prices.
  So what will finally be able to put an end to what's now the second-longest bull market in history?
  Brad McMillan, chief investment officer of Commonwealt
  
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• The newest version of 'Trumpcare' may have some alarming implications for the opioid crisis

  27-05-2017 07:50 via feedproxy.google.com
  
  The Congressional Budget Office on Wednesday released an updated analysis of the American Health Care Act, the House GOP healthcare bill, that economists and advocates said contained some alarming takeaways for the future of the fight against the opioid crisis.
  While the nonpartisan CBO projected that 23 million more Americans would be uninsured by 2026 under the AHCA compared with projections under the current healthcare system, two other issues are contained within those numbers.
  The first: T
  
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• Sears is in 'free-fall' and its rate of decline is 'very concerning' (SHLD)

  27-05-2017 03:59 via feedproxy.google.com
  
  Sears' shares enjoyed a strong surge this week, soaring as much as 20% on Thursday after the company reported its first net profit in two years. 
  But traders' cheer quickly wore off and shares dipped again, as the grim reality behind the initially rosy headlines set in: Sears' operational decline is in fact accelerating, and its odds of survival beyond 2017 remain uncertain, according to Evercore ISI analyst Greg Melich.
  A closer look at Sears' earnings show that the company's sale of
  
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