Sales & Marketing news

• BANK OF AMERICA: Here's how to make a killing from the next tech boom with 'limited risk'

  10-09-2017 20:18 via feedproxy.google.com
  It's been hard to miss the rally in technology stocks this year.
  The S&P 500 sector is up about 24% year-to-date, outpacing the broader index's 10% rally.
  Even stock pickers, whose funds have suffered outflows to more passive strategies since the end of the recession, are having a strong year thanks to bets on stocks like Facebook and Apple.
  But tech's outperformance has also brought sharp drawdowns. Stock investors are expected to brace for these kinds of swings, but the swings have been wo
  
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• MARKS: The media loves to hear 2 things about the market — here's why I will never say them (OAK)

  10-09-2017 19:05 via feedproxy.google.com
  In July, Oaktree Capital founder Howard Marks issued a warning shot to investors in a wide-ranging memo.The overarching point: Markets are overheated, risks are going ignored, and we're generally starting to see some bull-market foolishness. 
  Not everybody agreed, and he earned a healthy dose of blowback from some corners of the investment world. 
  Marks is back with a rejoinder. In a memo released Thursday, he took aim at some of his critics, defending and clar
  
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• Goldman Sachs asked its interns about their spending habits, social-media apps, and dreams — here are their answers (GS)

  10-09-2017 18:31 via feedproxy.google.com
  Internship season has wrapped up on Wall Street, and young financiers have headed back to school with all the new skills and knowledge they picked up over the summer.
  Of course, banks can also learn a thing or two from the young people they hire for a summer.
  Goldman Sachs on Thursday released the firm's second annual survey of its global summer intern class. Sixty-nine percent of the firm's 2,500 summer analysts responded to the survey, according to a spokeswoman with the firm. They hail from a
  
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• The definitive guide to the state of Wall Street, business by business

  10-09-2017 18:15 via feedproxy.google.com
  Business is up on Wall Street, but not nearly enough to start popping bottles. 
  Investment banking revenues at the top-12 banks hit $82 billion during the first half of 2017, according to data from industry consultant Coalition. 
  That's a 4% increase from last year, but still a yawning gap from the performance of 2012 to 2015, when first-half sales never dipped below $91.5 billion.
  And while first-half performance so far is beating 2016, that's mostly thanks to a strong first quar
  
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• Trader allegedly paid Amazon employee and frat bro $10,000 to steal earnings results in $1.7 million insider trading scam (AMZN)

  10-09-2017 17:20 via feedproxy.google.com
  It's a bad idea to engage in insider trading. An even worse idea is going on social media to brag about the nonpublic information you have obtained.
  That's what the Securities and Exchange Commission alleged Maziar Rezakhani did after paying an Amazon employee $10,000 cash for early access to the company's earnings results.
  In a release Thursday, the SEC alleged that Rezakhani paid Brett Kennedy, a brother in his fraternity and an Amazon financial analyst at the time, for access to 2015 fir
  
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• Standard Chartered reportedly lost $400 million on risky loans to a cadre of diamond barons

  10-09-2017 17:05 via feedproxy.google.com
  In 2009, while most banks were reeling from the financial crisis and paring back risk, Standard Chartered dove headlong into the dangerous game of diamond lending, according to a report from Franz Wild, Thomas Biesheuvel and Stephen Morris in Bloomberg Businessweek.
  The London-based bank began courting a cadre of diamond barons, whose companies would eventually borrow billions to finance their business of buying rough stones from miners like De Beers, cleaning them up, and then se
  
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• UBS: Technologies like blockchain are IBM's 'best hope for recovery' (IBM)

  10-09-2017 16:30 via feedproxy.google.com
  Blockchain may be IBM's saving grace.
  That's the thesis of a research note by a trio of analysts at UBS, the Switzerland-based bank, out Tuesday morning. 
  IBM, the New York-based technology company, has witnessed its stock tank more than 14% year-to-date, despite its inroads into blockchain technology this year. 
  Blockchain, the technology powering cryptocurrencies such as bitcoin and ethereum, has become a popular buzzword on Wall Street as the price of digital coins a
  
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• SURVEY: The majority of CoinDesk readers think there's a bubble in cryptocurrencies

  10-09-2017 15:30 via feedproxy.google.com
  The explosive growth of the cryptocurrency market even has readers of blockchain news site CoinDesk thinking there is a bubble in the $164 billion market. 
  Since the beginning of the year, the market cap for digital coins has increased $146 billion, according to data from Coinmarketcap.com, an 811% increase. That growth has been fueled in part by the appreciation of bitcoin, the original digital currency, and initial coin offerings, the red-hot cryptocurrency-based fundraising met
  
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• ROBERT SHILLER: Bitcoin is the 'best example right now' of a bubble

  10-09-2017 15:25 via feedproxy.google.com
  Robert Shiller, the Nobel-winning author who predicted the two biggest speculative markets in recent history, is repeating that bitcoin is in a bubble.
  The cryptocurrency is "the best example right now," Shiller told Quartz's John Detrixhe in an interview published Tuesday. In January 2014 at the World Economic Forum in Davos, Switzerland, he called the cryptocurrency "an amazing example of a bubble," adding that there was "no question about it."
  Bitcoin has exploded in price and
  
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