Sales & Marketing news

• A startup aiming to modernize the bond market has won backing from top Wall Street execs

  03-06-2017 22:42 via feedproxy.google.com
  
  BondCliq, a startup launched by former Goldman Sachs executive Chris White, has won backing from former Goldman and BlackRock execs. 
  The startup is aiming to become "the first central market system for the corporate bond market."
  Don Devine, a bond trading luminary who started his career at Goldman Sachs in the early 1980s, was in need of a gut check. He was weighing up an investment in a new bond market startup, but he'd left his last senior role on Wall Street almost a decade&
  
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• Oil companies are struggling to rehire workers they laid off during the crash

  03-06-2017 20:20 via feedproxy.google.com
  
  There's renewed demand for oil workers who left the industry or were laid off during the most recent price crash.
  Hiring in oil and gas extraction increased for three straight months through April, the longest stretch since April to July in 2014, which was right around when oil prices peaked.
  But as companies revamp production — having adjusted to a world in which oil doesn't cost close to $100 a barrel — sustaining this pace will not be cheap.
  "Attracting back workers into the US sh
  
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• Wall Street regulators just got a powerful reminder of one of the first rules of finance

  03-06-2017 19:39 via feedproxy.google.com
  
  Wall Street regulators decided four years ago to try and dampen leveraged lending by big banks.
  According to a staff report from the Federal Reserve Bank of New York, big banks did cut back their leveraged lending, and nonbank lenders stepped in.
  The problem: the nonbanks were funded by the big banks, meaning the risks remained. 
  A bunch of US regulators decided in 2013 that the leveraged-lending market was overheating, and that it needed to be curtailed. Unsurprisingly, it was a
  
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• Deutsche Bank is making a big bet on the future of finance

  03-06-2017 18:36 via feedproxy.google.com
  
  Deutsche Bank is making a big bet on financial technology.
  The German bank is investing in fintech startups. It just opened a fourth innovation lab, this time in the financial district in New York. A chunk of its website is dedicated to digital banking.
  Now it's making a push to advise financial technology companies, too.
  The German bank has hired Tommaso Zanobini as its global head of financial technology, based in New York. He was most recently the global head of financial technology and servi
  
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• One of the most anticipated hedge fund launches of 2017 is off to a rough start

  03-06-2017 17:58 via feedproxy.google.com
  One of the most anticipated hedge fund launches of the year continues to rake in fresh money, despite a rough start in terms of performance. 
  Ben Melkman's Light Sky Macro dropped about 3.5% from March through the end of April, according to an investor document reviewed by Business Insider. May performance numbers weren't immediately clear. 
  The fund is continuing to raise assets, however, and is set to manage $1.5 billion on June 1, according to a person familiar with the matter.
  
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• A likely shift in the mortgage market is creating 'prisoners' in housing

  03-06-2017 17:29 via feedproxy.google.com
  
  The housing market's comeback after the financial crisis has turned out to be a mixed bag.
  Prices have recovered to pre-housing-crisis levels. But with slow wage growth, that means there are fewer affordable houses available to buyers, especially in bigger cities. 
  On the surface, the price trend ought to be good news for existing homeowners looking to sell. However, the likely rise in mortgage rates from historic lows means that there will be less incentive to move, according to 
  
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• PIMCO: 5 key policy areas will test markets over the next 5 years

  03-06-2017 16:58 via feedproxy.google.com
  
  In their latest global economic and market outlook, Pimco analysts detail the ways in which trade, geopolitics, and monetary, fiscal, and exchange rate policy will test the markets over the next three to five years.
  Pimco analysts Richard Clarida, Andrew Balls, and Daniel Ivascyn cite "insecure stability" as a key factor that will affect policy decisions around the world.
  "Over our five-year secular horizon we believe that the global economy will be 'driving without a spare tire' as th
  
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• Goldman Sachs' new online lending business is changing the bank's culture

  03-06-2017 16:46 via feedproxy.google.com
  
  Goldman Sachs launched Marcus, an online lending business for customers seeking loans of $30,000 or less, in October 2016.
  It was a departure from what Goldman Sachs is best known for, namely, wealth management, trading, and investment banking.
  But according to Marcus' first employee, some of its culture is starting to rub off on the rest of the firm's divisions.
  Omer Ismail, the chief operating officer of Marcus by Goldman Sachs, described the online lending business as "mor
  
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• Investors are completely ignoring Tesla's biggest flaw (TSLA, GM, F, FCAU)

  03-06-2017 16:37 via feedproxy.google.com
  
  You can't argue with the numbers, can you? Tesla shares are up almost 60% since the beginning of the year, hitting all-time highs in the near-$350 range, and CEO Elon Musk's electric carmaker has returned 1,670% since the 2010 IPO.
  The market cap, at more than $50 billion, is bigger than that of General Motors, Ford, and Fiat Chrysler Automobiles. The Big Three are now the Big Three plus one tiny carmaker in California that investors think will take over the world.
  Tesla is also on the verge of
  
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• Traders are making a big change to how they use the world's hottest investment product

  03-06-2017 16:01 via feedproxy.google.com
  
  Some investors use exchange-traded funds to achieve easy portfolio diversification. Others are attracted to their relatively low fees.
  But what they're not doing is using ETFs to bet on share declines. At least not lately.
  Short interest currently sits at 6.1% of total ETF assets, the lowest level since the financial crisis, according to data compiled by JPMorgan. That comes amid a roughly 30% drop in total short interest for US-listed funds over the past seven months.
  The measure now sits at $1
  
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• Pittsburgh has unexpectedly become a climate battleground after Trump ditched the Paris Agreement

  03-06-2017 16:00 via feedproxy.google.com
  
  With one sentence, President Donald Trump placed Pittsburgh at the center of a post-Paris climate battle.
  "I was elected to represent the citizens of Pittsburgh, not Paris," he said during his Thursday Rose Garden speech announcing that he would withdraw the US from the Paris climate deal, which aims to prevent global warming. Trump later mentioned Detroit, Youngstown, Ohio, and Pittsburgh as cities he was putting "before Paris, France" by ditching the agreement that nearly every country i
  
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• Millennials are killing chains like Buffalo Wild Wings and Applebee's (BWLD)

  03-06-2017 15:54 via feedproxy.google.com
  
  Casual dining is in danger — and millennials are to blame. 
  Brands such as TGI Fridays, Ruby Tuesday, and Applebee's have faced sales slumps and dozens of restaurant closures, as casual dining chains have struggled to attract customers and grow sales. 
  "Casual-dining restaurants face a uniquely challenging market today," Buffalo Wild Wings CEO Sally Smith recently wrote in a letter to shareholders.
  According to Smith, these sit-down restaurants' struggles can blamed on
  
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• HSBC: The dollar looks like it's about to repeat an ugly move that happened under Reagan — but that's exactly what Trump wants

  03-06-2017 15:29 via feedproxy.google.com
  
  President Donald Trump has been compared to President Ronald Reagan in many ways.
  In a note on Wednesday, HSBC strategists did this through the lens of the US dollar.
  The greenback surged to a 14-year high in late 2016 as Wall Street hoped for pro-growth policies from the incoming president and the Federal Reserve raised interest rates.
  "The trajectory of the USD envisaged by our FX team is quite similar, but more compressed, to the way in which the USD behaved in the 1980s under President Reaga
  
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• Stocks just got a majorly bullish signal

  03-06-2017 14:03 via feedproxy.google.com
  
  US consumer sentiment has proved fickle in recent decades, gyrating unexpectedly and generally keeping investors on their toes.
  But when it has stayed high for a prolonged period, it has historically unlocked massive gains for stocks.
  That's exactly what is happening right now. In fact, we seem to be about halfway into one of those high-confidence periods, after University of Michigan Consumer Sentiment Index data last Friday kept the trend intact.
  Sentiment has been this high for this long on j
  
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• Red-hot tech stocks are facing a roadblock

  03-06-2017 11:59 via feedproxy.google.com
  
  Tech stocks are their own worst enemy.
  After a five-month stretch that's seen their share prices soar 17%, beating the broader market by two-fold, the group now faces one of its biggest challenges yet: Breaking through technical levels established by historical trading.
  The Technology Select Sector Index is about to test an upside resistance level that represents the upper boundary of a trading range that's held since the start of the bull market in 2009, according to Raymond James. It
  
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• One chart shows the huge mess Brexit is creating for UK banking

  03-06-2017 11:00 via feedproxy.google.com
  
  Britain’s exit from the European Union is like a slow-moving train wreck, where so many experts agree on the huge damage about to be done but are powerless to stop it.
  A new chart from the International Monetary Fund’s Global Financial Stability report illustrates just how crucial the European Union is to an industry that is Britain’s crowning jewel: finance.
  And yes, there’s a Wall Street link. The chart shows that 89% of EU-based employees of the top five US investment
  
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