Sales & Marketing news

• Goldman Sachs sees a $1 billion opportunity in a business aimed at Main Street (GS)

  16-09-2017 20:09 via feedproxy.google.com
  Goldman Sachs, the financial services juggernaut, sees a big profit opportunity on Main Street.
  Marcus, launched in October 2016, is the firm's first consumer lending platform. It's an online tool that offers fixed rate, no-fee personal loans of up to $30,000 for two- to six-year periods to borrowers with prime credit scores. 
  The firm sees a $1 billion opportunity in the new offering, according to a slideshow presentation by the bank's president and co-chief operating officer, Harvey Schwa
  
  Read more

• The stock market's secret weapon may be vanishing

  16-09-2017 20:05 via feedproxy.google.com
  For months, the US stock market has been a huge beneficiary of a falling dollar, which has dropped almost 10% this year.
  A weaker currency boosts exports for the multinational companies occupying huge portions in major indexes, and that helps profits. It also makes it easier for overseas investors to buy US stocks.
  Widely unexpected by strategists at the start of 2017, the falling dollar has served as a secret weapon of sorts for stocks this year, helping to prop up earnings growth amid mid
  
  Read more

• GUNDLACH: The dollar is overdue for a rally

  16-09-2017 19:22 via feedproxy.google.com
  DoubleLine Capital Founder Jeff Gundlach held his quarterly webcast on global markets and the economy on Tuesday. 
  The main takeaways included: 
  The dollar is overdue for a rally, even after many investors inaccurately believed that it would rise because the Fed was raising rates. 
  Commodities are very cheap compared to equities, and this is great for investors looking for "long-term secular timing."
  On politics, President Donald Trump would likely deliver 'tax-refo
  
  Read more

• BANK OF AMERICA: Bitcoin is the 'most crowded' trade

  16-09-2017 19:05 via feedproxy.google.com
  Count large fund managers among those unable to resist the allure of bitcoin's massive returns.
  Owning the scorching-hot cryptocurrency — which has surged more than 350% this year — is seen as the most crowded trade to a pool of 214 fund managers overseeing $629 billion, according to a survey conducted by Bank of America Merrill Lynch.
  To be specific, 26% of investors surveyed in September said they viewed being long bitcoin as the most crowded position. Coming in second place and be
  
  Read more

• Advertisement

• A CEO that helped rescue his company from near bankruptcy shares a key mistake people make with money (TREX)

  16-09-2017 18:31 via feedproxy.google.com
  Jim Cline was hired at Trex Company to manage its finances right as it was about to go bankrupt a decade ago. 
  Cline says a big takeaway from the turnaround process was the importance of having a solid financial plan in place.
  But what's more important is not obsessing over it from day-to-day — especially when it's not doing well.
  When Trex Company was on the brink of bankruptcy in 2008, it fired more than three dozen executives. 
  Then, the former CEO tapped James Cline, an
  
  Read more

• Trump throws a curveball as Republican leaders ready their massive tax reform package

  16-09-2017 18:04 via feedproxy.google.com
  Republicans are close to releasing their tax reform plan.
  This week, Trump started courting Democrats to work on the package.
  One Republican strategist said because the GOP is planning to use reconciliation to pass the legislation, Trump's overtures are "unhelpful."
  Congress' next big legislative push — tax reform — is about to take off. But in speaking to reporters and Democrats this week, President Donald Trump appears determined to shake up the Republican Party's game plan before
  
  Read more

• An Amazon-based retail trade has quadrupled the stock market's return this year

  16-09-2017 18:02 via feedproxy.google.com
  You could've made four times the S&P 500 this year if you fully embraced an Amazon-driven retail apocalypse.
  All you had to do was make bullish bets on Amazon while placing bearish wagers on the most-shorted retailers, in proportion to their short interest, according to data compiled by the financial-analytics provider S3 Partners. Putting $100 million to work on either end of the trade would've netted a 43.7% return in 2017, according to the firm's data.
  That's more than quadruple the bench
  
  Read more

• GUNDLACH ON BITCOIN: 'I'm going to let this mania go on without me'

  16-09-2017 17:31 via feedproxy.google.com
  Just about everyone has questions about bitcoin these days, including Jeffrey Gundlach's 86-year-old mom. 
  Gundlach, DoubleLine Capital's founder, said she texted with a link to a story urging readers to buy bitcoin. She wanted to know whether she should get in the game. 
  But the cryptocurrency is not something that Gundlach himself is ready to participate in. 
  "I’m going to let this mania go on without me," Gundlach said during a webcast with client
  
  Read more

• Advertisement

• Goldman Sachs has a plan for its misfiring bond business (GS)

  16-09-2017 16:26 via feedproxy.google.com
  Goldman Sachs has a plan.
  The US investment bank, which has been under pressure over its misfiring bond trading business, on Tuesday set out a strategy to generate an additional $1 billion plus in fixed income, currencies and commodities revenues.
  The plan, presented by Harvey Schwartz, president and co-chief operating officer, at the Barclays Financial Services Conference, identified a further $4 billion in revenue opportunities in other business areas across the group. But it was th
  
  Read more

• Blue Bottle Coffee now has some of the same problems as the craft beer industry — and customers are ready to boycott (CHF)

  16-09-2017 15:35 via feedproxy.google.com
  Craft beer brands from Wicked Weed to Funky Buddha have been inundated with criticism and boycott threats over the last year following the news that they're being acquired by beer industry giants.
  Now, hip roastery and chain Blue Bottle Coffee is facing similar threats. 
  On Thursday, news broke that Nestlé had spent up to $500 million to acquire a majority stake in Blue Bottle. 
  Soon after, the backlash hit. 
  Some people are already boycotting Nestlé due to
  
  Read more

• Lehman Brothers collapsed 9 years ago — here are 11 pieces of memorabilia you can still get on eBay

  16-09-2017 15:28 via feedproxy.google.com
  On September 15, 2008, Lehman Brothers became the largest bankruptcy in US history.
  With over $600 billion in assets, over $600 billion in debt, and 25,000 employees, Lehman Brothers was the fourth-largest US investment bank when it declared Chapter 11 bankruptcy. The shuttering of its doors ended a 158-year run for the bank.
  Though Lehman Brothers ceased operations almost a decade ago, merchandise produced by the bank for its employees can still be found online.
  These are our favorite Lehman Br
  
  Read more

• Against all odds Tesla is still in business — here's why (TSLA)

  16-09-2017 15:14 via feedproxy.google.com
  • The auto industry has a history of quickly eliminating competitive threats.
  • Tesla still isn't perceived as a threat, although it's widely admired.
  • Automakers remain happy to let Tesla take on all the electric-car risk.
  Elon Musk is so charismatic and Tesla is so cool that it's easy to overlook how unlikely the automaker's success is.
  After a brush with bankruptcy in 2008, the company has thrived, minting a $60-billion market capitalization (surpassing all three of the D
  
  Read more

• JPMORGAN: Here's who we think will replace Warren Buffett at Berkshire Hathaway (BRK/A)

  16-09-2017 13:32 via feedproxy.google.com
  In Berkshire Hathaway's 2014 letter, Warren Buffett wrote that the legendary conglomerate's "future CEOs should come from internal candidates whom the Berkshire board has grown to know well."
  JPMorgan believes that it has identified the most likely internal candidate.
  The bank's analysts named Greg Abel as the most likely successor to Warren Buffett as Berkshire Hathaway's next CEO in a new report.
  Abel currently heads Berkshire Hathaway's utility business and is relatively y
  
  Read more

• A $4 billion fund manager who's crushing his peers shares one of his favorite sectors to ride out the inevitable downturn

  16-09-2017 11:00 via feedproxy.google.com
  Justin White started his career "at a consulting firm you've never heard of." 
  But after joining the asset-management giant T. Rowe Price, and showing a strong track record as a media and tech analyst, he was tapped last April to run its New America Growth Fund.
  Like many peers who made big bets on large technology companies, White is crushing it in 2017.
  His fund, with $4 billion in assets under management, gained 25% this year through Thursday. That's stronger than the Lipper Mu
  
  Read more

• A 32-year old portfolio manager from Paul Tudor Jones' hedge fund is setting off on his own

  16-09-2017 08:21 via feedproxy.google.com
  Dirk Jeschke, a former portfolio manager at Paul Tudor Jones' hedge fund firm, is prepping a hedge fund in London for early next year.
  Jeschke, 32, is planning a macro fund that will, among other things, emphasize medium- to long-term systematic macro strategies. He plans to launch the fund in the first or second quarter of next year.
  Jeschke was a portfolio manager at Greenwich, Conn. based Tudor Investment Corporation from 2015 through May of this year, focusing on a multi-asset clas
  
  Read more

Follow @sales_mrktinguk on Twitter!