Sales & Marketing news

• There's about to be a showdown between America's biggest players in trading

  26-06-2017 22:34 via feedproxy.google.com
  
  Some of the biggest players in trading will be present at the House Financial Services Committee's US Equity Market Structure hearing on Tuesday, and things are likely to get heated. 
  The first panel includes Matt Lyons, Senior Vice President and Global Trading Manager at The Capital Group, Joseph Saluzzi from Themis Trading, and Ari Rubenstein, CEO of high-speed market-maker Global Trading Systems.
  According to prepared remarks emailed to Business Insider, Rubenstein is going to
  
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• Apple is so far behind on self-driving technology that it might never catch up (AAPL, TSLA, GOOG)

  26-06-2017 22:32 via feedproxy.google.com
  
  Apple's automotive ambitions have been pivoting wildly recently. The secretive "Project Titan" was thought to be a car, until it wasn't. Later, Apple indicated that it would shift to pursue autonomous systems — literally years behind potential competitors, including Google, Tesla, and even traditional carmakers such as General Motors.
  Now Bloomberg's Alex Webb and David Welch have reported that Apple is leasing vehicles from Hertz. That's right, Apple has finally gotten arou
  
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• The CBO says the Senate GOP healthcare bill would leave 22 million more without insurance

  26-06-2017 22:22 via feedproxy.google.com
  
  The Congressional Budget Office on Monday released its analysis of the Senate Republican healthcare bill, projecting significant coverage losses both immediately and over the next decade if the legislation were to become law.
  The CBO projected that 22 million fewer people would have coverage under the bill, the Better Care Reconciliation Act, in 2026 than under the current healthcare system.
  That is slightly below the CBO's projection last month that 23 million fewer people would have coverage u
  
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• $3.7 BILLION HEDGE FUND: This market doesn't make any sense (AAPL)

  26-06-2017 21:44 via feedproxy.google.com
  
  The stock market's seemingly endless gains don't make much sense, according to a $3.7 billion hedge fund.
  More than eight years into the market's latest bull cycle, the second-longest on record, stocks have rallied notably since President Trump was elected in November.
  "People are just paying significantly more for assets without any fundamental improvement in those assets," Tourbillon Capital's Jason Karp wrote in a recent letter to investors that was reviewed by Business Insider
  
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• Hertz and Avis are jumping after news of big tech partnerships (CAR, HTZ, AAPL, GOOGL)

  26-06-2017 21:21 via feedproxy.google.com
  
  Shares of Avis and Hertz are on a tear.
  Hertz is leasing six Lexus SUVs to Apple as the Cupertino company continues to work on its self-driving cars, according to a story from CNBC citing anonymous sources.
  News of the partnership sent shares of Hertz up 13.5%, or about 2.25% per car the company is leasing.
  Hertz's rival, Avis, is also up on news of a self-driving car partnership. Waymo, the self-driving car subsidiary of Alphabet, is partnering with Avis to manage its self-driving car flee
  
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• Bitcoin is tumbling

  26-06-2017 20:58 via feedproxy.google.com
  
  It's a rough start to the week for bitcoin. The cryptocurrency trades down 10.11% on Monday, at $2,275 a coin, a one-week low.
  The action seems to be a continuation of the selling that developed on Wednesday, when rival Ethereum flash-crashed from $296 to 10 cents before recovering its losses.
  Bitcoin is down about 16.6% since Wednesday's opening print.
  The recent weakness in bitcoin follows a run-up of more than 200% to start the year. Bitcoin's 2017 gains have been propelled by heavy buying fr
  
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• JEFFERIES: Nintendo's road to huge profits won't come from its console games

  26-06-2017 20:45 via feedproxy.google.com
  
  Nintendo just announced a retro console, but it won't be what makes the company money in the long run.
  Analysts at Jefferies believe that mobile gaming will be the ultimate path to huge profits for Nintendo.
  "While most investors have written off Nintendo's mobile game business, our recent meeting with Nintendo management has convinced us that if anything, Nintendo is doubling down on the mobile game business while making prudent changes to its mobile game plan," Jefferies said in a note to cli
  
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• These are the 11 biggest hedge funds in the world

  26-06-2017 19:59 via feedproxy.google.com
  
  2016 was a tough year for hedge funds. 
  The industry as a whole only delivered a 5.4% return for clients, well below the S&P 500's return of 11.9%, according to data from eVestment.
  Poor performance and high fees drove money out of the money managers' funds, with about $70 billion pulled out of the funds last year, the biggest drop since 2009, according to data tracker HFR.
  But not all firms saw their funds shrink, according to Institutional Investor's Alpha's recently r
  
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• New York City's 'Billionaire's Row' is dead — and a record-breaking foreclosure could be the 'nail in the coffin'

  26-06-2017 19:59 via feedproxy.google.com
  
  A full-floor penthouse in the landmark One57 condo building is headed to the auction block after it was seized under foreclosure, Bloomberg reported.
  This is most likely the largest foreclosure in the history of high-end real estate in New York City, experts say.
  "I don't know of a foreclosure that's larger than that," Donna Olshan, president of Olshan Realty, told Bloomberg.
  The apartment, which was the eighth-priciest sold in the building, will go to auction on July 19.
  It was purchased f
  
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• This illuminating chart shows the Fed’s $4.5 trillion balance sheet isn’t all that massive

  26-06-2017 19:36 via feedproxy.google.com
  
  There's nothing like a really good chart to put numbers so large they seem unfathomable into more perspective.
  Take the Federal Reserve’s balance sheet, which more than quintupled to $4.5 trillion in response to the Great Recession of 2007-2009 and the anemic recovery that followed.
  Central bank officials themselves seem a bit fearful of what they might have unleashed, and recently unveiled a plan to gradually start winding down asset holdings comprised in large part of
  
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• Senate Republicans just released a significant change to their healthcare bill

  26-06-2017 19:06 via feedproxy.google.com
  
  Senate Republicans on Monday released an updated version of their plan to repeal and replace the Affordable Care Act.
  The legislation — called the Better Care Reconciliation Act of 2017 — debuted on June 22. The bill proposes rolling back much of the ACA, the healthcare law better known as Obamacare, including various tax provisions.
  The revised version of the bill includes a provision that's meant to replace the individual mandate by punishing people whose insurance has lapsed, lock
  
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• Robert Soros is stepping down from his father's legendary fund to start his own venture

  26-06-2017 18:48 via feedproxy.google.com
  
  Robert Soros, the eldest son of George Soros, is stepping down as deputy chairman and president of Soros Fund Management.
  Soros, 53, who will remain an owner at the firm, will set up Soros Capital to look at illiquid investments, including venture capital, a spokesman said.
  Robert Soros announced his departure in a note to colleagues Monday morning, June 26. He wrote that he wished "to pursue my own interests more directly through the creation of Soros Capital. Dawn Fitzpatrick is providing
  
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• Senate Republicans are expected to release a new version of their healthcare bill to fix one of its biggest flaws

  26-06-2017 18:35 via feedproxy.google.com
  
  Senate Republican leadership is expected to release an updated version of its healthcare bill Monday, closing a loophole that healthcare experts said would have hurt the insurance market.
  The discussion draft of the bill, named the Better Care Reconciliation Act (BCRA), released Thursday was missing an important piece that experts say would be needed to stabilize the marketplace and encourage enrollment in the insurance marketplace.
  To avoid adverse selection in the indi
  
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• Colin Lewis: Friction is the one thing between you and more sales

  26-06-2017 15:48
  
  Apparently there has been a shift of power from the brand to the customer. We once could dictate how the customer engaged with us, but now there are complex decision journeys and we must reach consumers in the way they want to be reached. It’s all about purpose, engagement, stories, content, likes, interaction, conversation, sharing and what have you.
  All fine and dandy. But, let’s get bit a more basic here. Have you ever had to battle to give somebody your money? Ever had to deal w
  
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• Dollar Shave Club’s secret to marketing success: ‘Bite down on a human truth and don’t let go’

  26-06-2017 11:23
  
  BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy
  
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• Tesco, Nestlé, Instagram: Everything that matters this morning

  26-06-2017 08:30
  
  Tesco takes on Amazon with one-hour delivery
  Tesco has launched a one-hour grocery delivery service for customers in central London in a clear attempt to take on Amazon and its ‘Prime Now’ offering.
  The app-based service, called Tesco Now, is priced at £7.99 with no minimum spend on an order. Customers can choose from a range of 1,000 products, including fresh fruit, vegetables, dairy and meat products as well as beauty and baby options, via the app. Orders are sourced through
  
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• Snapchat, Facebook, Holland & Barrett: Everything that matters this morning

  26-06-2017 08:30
  
  Police fear Snapchat location update poses privacy risk
  A new Snapchat feature that reveals users’ locations has been raised as a concern by police who fear it could be encourage stalking and put vulnerable people at risk.
  The feature uses the smartphone’s GPS sensor to show users where their friends are but police forces have warned parents to disable the ‘Snap Maps’ feature on their children’s phones in order to protect them.
  READ MORE: Police issue chi
  
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• Ocado, Facebook, Waitrose: Everything that matters this morning

  26-06-2017 08:30
  
  Ocado trials driverless delivery trucks
  Online grocer Ocado has conducted the UK’s first trial of autonomous grocery deliveries.
  The small CargoPod vehicle will spend the next 10 days delivering food and snacks to Ocado customers who live in the Woolwich area.
  A customer is notified when the CargoPod is loaded up, from a “mobile warehouse” located around a mile from their home, and then again once it has reached their front door. They then press a button to unlock their box and
  
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• Nike, Instagram, Garnier: Everything that matters this morning

  26-06-2017 08:30
  
  Nike to launch pilot program with Amazon
  Nike has said it is launching a pilot program with Amazon to sell some of its products on the company’s website.
  Nike said it would carry a limited Nike product assortment of footwear, accessories and apparel on the site.
  The news follows Nike’s quarterly results which saw the sports firm report profit and sales that topped estimations. Quarterly profit and sales were up 8.2% at $57.54 in trading after the results.
  Nike’s chief exec
  
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• Facebook, Costa, The Body Shop: Everything that matters this morning

  26-06-2017 08:30
  
  Facebook hits two billion users
  The social media giant’s CEO Mark Zuckerberg announced in a blog post that some two billion people are using its platform every month.
  The only other platforms above a billion are YouTube (1.5 billion) and Facebook’s own WhatsApp and Messenger apps.
  Further stats released by Facebook show that over 800 million people globally “like” something on Facebook every day, while in the UK more than three million friendships are made per day.
  Alongs
  
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• A letter to my younger self: Hostelworld CMO Ottokar Rosenberger

  26-06-2017 08:30
  
  Dear younger self,
  Somebody asked me to write you this letter, to give you some advice along the way of your early career. I think you are doing great – I mean, you navigated teenage angst, survived the out-of-date educational system and managed your parents’ loving but sometimes amateurish attempts at raising you pretty well.
  Now you are here: you’ve got your first job, your first colleagues, still lots of friends, probably wondering what’s to come your way. If you are
  
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• Real time data, mobile CX offers telco disruption

  26-06-2017 02:00
  
  SINGAPORE: The traditional telco category has a "KPI of frustration" and is ripe for marketing disruption, a senior telco executive in Singapore believes."Singapore, as modern a society as it is, is still stuck in 24-month contracts which are...
  
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• Facebook unveils new mission statement

  26-06-2017 02:00
  
  CHICAGO: For years, Facebook's stated aim has been to "give people the power to share and make the world more open and connected", but now the social media giant is placing much greater emphasis on building communities.Its new mission statement is...
  
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• Content play pays off for Carnival

  26-06-2017 02:00
  
  NEW YORK: Carnival Corporation, the cruise company, has enjoyed major brand benefits from investing in original TV programming.Arnold Donald, President/CEO of Carnival Corporation, reported that the four cruise-related TV shows funded by the firm...
  
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• Consumers expect rapid adoption of VR and AR

  26-06-2017 02:00
  
  GLOBAL: Seven out of 10 consumers across eight developed markets believe that virtual reality (VR) and augmented reality (AR) will become mainstream in six key areas – media, education, work, social interaction, tourism and retail.That is...
  
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• China, Hong Kong are centres for fake goods

  26-06-2017 02:00
  
  HONG KONG/THE HAGUE: China and Hong Kong are by a wide margin the largest shipment centres for counterfeit goods sold around the world, according to a new report from the European Union.The
  
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• Brands rally to support Pride in London

  26-06-2017 02:00
  
  LONDON: Some of the biggest brands in the UK are sponsoring Pride in London 2017, the LGBT+ event that kicked off at the weekend, but one of its organisers has called on marketers to do more to help stem a rise in anti-gay hate crimes.This year's...
  
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• Art Institute of Chicago wins Cannes Grand Prix

  26-06-2017 02:00
  
  CANNES/GLOBAL: "Van Gogh's Bedrooms", a campaign from the Art Institute of Chicago created by Leo Burnett Chicago, took the Grand Prix in the Creative Effectiveness category at the 2017 Cannes Lions International Festival of Creativity.The...
  
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• Santander adopts agile marketing approach as it looks to increase effectiveness

  26-06-2017 01:01
  
  Santander is adopting a new marketing approach inspired by Agile software development, most commonly used in IT as a collaborative way to find solutions, as it looks to boost the efficiency of spend and marketing effectiveness.
  The strategy uses ‘sprints’ to constantly evaluate the performance of the advertising with the aim of ensuring the efficiency of creative and media. It means Santander will be adapting and tweaking the campaign on a weekly basis, a much shorter timescale than
  
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