Sales & Marketing news

• A trading startup tackling a key problem in the world's most important market has raised $10 million

  01-07-2017 21:36 via feedproxy.google.com
  
  A new trading platform focused on hard-to-trade segments of one of the most important markets has raised $10 million from private investors.
  OpenDoor Securities will use the funds to improve its connectivity to current customers, according to a statement.
  The platform is auction based and is what's called an all-to-all marketplace for off-the-run Treasurys and Treasury Inflation Protected Securities (TIPS). In plain English, that means the platform hosts auctions for instruments at a p
  
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• Bitcoin's 'bubble' is unlike anything we've ever seen

  01-07-2017 21:11 via feedproxy.google.com
  
  There are still some question marks about whether bitcoin is in a bubble. But the speed of its price growth is already nearly unmatched.
  The cryptocurrency has surged 162% in very volatile trading this year amid continued demand. But as the chart below illustrates, bitcoin's longer-term rally by as much as 1,000% was swifter than homebuilder stocks in the lead up to the housing crash. 
  Jeffrey Kleintop, the chief global investment strategist at Charles Schwab, said that "the
  
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• Warren Buffett is now the largest owner of 2 of the world's biggest banks (BAC, JPM, WFC, GS)

  01-07-2017 20:54 via feedproxy.google.com
  
  Warren Buffett's Berkshire Hathaway is now the biggest owner of two of the world's largest banks: Bank of America and Wells Fargo.
  On Wednesday, the Federal Reserve cleared the way for Buffett to become Bank of America's largest shareholder.
  It passed all the big banks on their so-called stress tests, giving them permission to use their capital for things beyond buffering against disaster, including share buybacks and dividend payments.
  Bank of America raised its dividend to $0.12 a common shar
  
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• It might be time for Tesla to get out of the car business (TSLA)

  01-07-2017 18:44 via feedproxy.google.com
  
  Here's a completely heretical idea, especially on the eve of Tesla launching its long-awaited $35,000 Model 3 in July and the stock rallying almost 80% over the first half of 2017:
  Tesla should think about getting out of the car business.
  Crazy, right? This is the first new American automaker in decades — and investors are so bullish on it that even though it has made money in exactly two quarters since its 2010 IPO and sold less than 80,000 vehicles in 2016, its market cap is bigger
  
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• A trade war 'could threaten the success' of Trump's presidency but he might start one anyway

  01-07-2017 18:13 via feedproxy.google.com
  
  Donald Trump is playing a dangerous game of chicken with international trade.
  While he initially backed away from major protectionist campaign promises, including ripping up the North America Free Trade Agreement (NAFTA) and naming China a currency manipulator, Trump and his top economic officials have kept up the "America First" drumbeat, insisting the United States has gotten a raw deal from a global trading system it played an enormous role in shaping. 
  The latest point of attrition is s
  
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• Deutsche Bank is reportedly staring down a $60 million trading loss (DB)

  01-07-2017 17:20 via feedproxy.google.com
  
  Deutsche Bank could be staring down a $60 million loss after a bad bet on inflation, Bloomberg reported Tuesday. 
  The German lender's supervisory board is reportedly investigating whether traders flouted risk limits on derivatives trades tied to US inflation, generating concerns over the strength of the company's risk controls.
  Bloomberg reported that the bank does not expect the bad bet to turn around. 
  This is the latest in a spate of bad news that has called into question overs
  
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• MORGAN STANLEY: Here's why it makes sense for Tesla to become the next big music-streaming service (TSLA)

  01-07-2017 17:15 via feedproxy.google.com
  
  Tesla, the electric-car and energy-storage company, could become the next big music-streaming service.
  Last week, a representative told Business Insider that it was important for its customers to "listen to the music they want from whatever source they choose." The comments followed a report suggesting the company was working on a music-streaming service.
  And according to Adam Jonas, an equity strategist at Morgan Stanley, this would make sense.
  Silicon Valley is interested "in the potential mul
  
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• There are 'cracks emerging' in the calmest market in years

  01-07-2017 15:01 via feedproxy.google.com
  
  Don't let the calmest market in years lull you to sleep.
  While a gauge of volatility spanning multiple asset classes has slipped to its lowest level since 2014, a separate measure of market fragility has been climbing steadily over the past six months, according to Bank of America Merrill Lynch.
  The so-called "Fragility Indicator," maintained by BAML, is designed to measure the frequency and extent to which volatility measures and credit spreads are seeing abnormally lar
  
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• A top trader at a $12.6 billion hedge fund is going it alone with $200 million from his boss

  01-07-2017 13:38 via feedproxy.google.com
  
  Giles Coppel, a top trader in Brevan Howard's New York office, is prepping his own hedge fund, people familiar with the matter said.
  Brevan Howard is backing Coppel with $200 million, the people said.
  Coppel has headed trading at Brevan's New York office since 2012, according to his Bloomberg profile. He previously worked at Tudor Investment Corp. and Lehman Brothers, according to the profile.
  Coppel couldn't immediately be reached for comment. The people familiar with t
  
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• JPMORGAN: Beware of overcrowding in markets where 'everyone holds the same position'

  01-07-2017 12:03 via feedproxy.google.com
  
  There doesn't appear to be much room for originality in the global market landscape.
  Through conversations with portfolio managers, JPMorgan has found that investors are piling into the same positions. And it's created a tenuous situation.
  "This creates a problem as it limits upside with everyone having bought already, and raises downside if we all try to get out the door at the same time," Jan Loeys, the head of asset allocation and alternative investments at JPMorgan, wrote in a client note.
  O
  
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• GOLDMAN SACHS: Here's how to clean up in the market through the end of the year

  01-07-2017 11:02 via feedproxy.google.com
  
  For a stock market that's hovered near record highs for the better part of two months, there's a surprising lack of confidence that equities will finish the year on a tear.
  The average year-end forecast across 20 Wall Street strategists calls for the S&P 500 to remain largely unchanged from current levels after rising roughly 8% in the first half of the year.
  And even the most bullish strategist, Jonathan Golub from RBC Capital Markets, has a year-end price target of 2,600, which would mark
  
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• Powerball and Mega Millions suspend Illinois thanks to its ballooning budget crisis

  01-07-2017 07:33 via feedproxy.google.com
  
  Illinois players of the Powerball and Mega Millions just saw their chances of winning millions go from slim to none.
  Due to the General Assembly's failure to pass a balanced budget by July 1, the Multi-State Lottery Association has dropped Illinois from both the Powerball and Mega Millions games.
  Ticket sales for the two games were officially suspended at 9:45 p.m. CT by the Illinois Lottery, and the payments of any winnings over $25,000 are delayed as well.
  "Players should be con
  
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• Hack your commute: Learn a language in 20 minutes

  01-07-2017 07:30
  
  For most who grew up in Britain, language learning conjures images of cassette tapes, conjugations and phrases of dubious real-life relevance such as ‘mein Hamster ist gestorben’.
  But for those who continue to feel guilt when their international colleagues switch effortlessly to fluent English on a conference call for the benefit of monolingual Brits, there are more modern alternatives.
  Duolingo, a free app available on Android, iOS and desktop browsers, offers flexible ways to learn
  
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• The dollar had its worst quarter in years, and that's exactly what Trump wants (DXY)

  01-07-2017 05:16 via feedproxy.google.com
  
  President Donald Trump is getting what he said he wanted from the dollar.
  "I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me," Trump said in April. It wasn't the first time he suggested that a softer dollar would make America's exports more competitive.
  The greenback rocketed to a 14-year high in December alongside other assets that rallied on expectations from the new administration's policies.
  In the second quarter, it gave
  
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• Real estate startup Redfin is getting ready for an IPO

  01-07-2017 02:27 via feedproxy.google.com
  
  Online real estate brokerage Redfin has put the "for sale" sign on its own shares, filing the paperwork for an IPO late on Friday. 
  Redfin is backed by some of Silicon Valley's biggest names, and plans to begin trading on the Nasdaq exchange under the ticker symbol "RDFN," it said in the S-1 filing with the SEC.
  Redfin pegged the size of the offering at $100 million, though that number is likely just a placeholder that will be updated with the real, larger number as it moves closer to
  
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