Sales & Marketing news

• S&P, NASDAQ HIT ALL TIME HIGH: Here's what you need to know

  29-09-2017 22:12 via feedproxy.google.com
  Two of the major US stock indexes cracked their all-time closing highs in trading on Friday in an otherwise relatively quiet day for the market.
  As President Donald Trump so helpfully pointed out on Twitter: "RECORD HIGH FOR S & P 500!"
  The Dow Jones industrial average also gained, but not enough to edge over its record.
  We've got all the headlines, but first, the scoreboard:
  Dow: 22,405.09, +23.89, (+0.11%)
  S&P 500: 2,519.36, +9.30, (+0.37%)
  Nasdaq: 6,495.96, +42.51,
  
  Read more

• Spain's Catalonia is voting on independence on Sunday

  29-09-2017 22:06 via feedproxy.google.com
  Catalonia, a region in Spain, plans to vote on independence this Sunday in a referendum declared illegal by the Spanish government.
  The Spanish government has recently cracked down on the referendum.
  Even if the government manages to stop the vote, simmering tensions could pose a challenge for Spain going forward, analysts say.
  Catalonia, a region in Spain that includes Barcelona, plans to vote on independence this Sunday in a referendum that has been declared illegal by Spanish autho
  
  Read more

• OPPENHEIMER: GoPro is the only company nailing 360 degree video (GPRO)

  29-09-2017 20:39 via feedproxy.google.com
  All 360 cameras have the same, giant problem.
  Video, as we know it now, takes the viewer into a scene and shows them the action by pointing the camera at it. 360 cameras also take the viewer to a scene, but then forces them to pan around searching for the action that is usually happening in just one part of the shot.
  GoPro has solved this issue with the release of its new "Fusion" camera and "Overcapture" software, and it could be a big breakthrough for the company.
  "Don't look at GoPro's Fusio
  
  Read more

• Trump's tax plan just got its first brutal review showing how it would benefit rich Americans but almost no one else

  29-09-2017 20:00 via feedproxy.google.com
  President Donald Trump's new tax plan may result in the richest getting richer and the middle class eventually seeing a slight tax increase, a study released Friday found.
  In an initial analysis of the nine-page framework for tax reform, the Urban Institute and Brookings Institution's Tax Policy Center found that Americans among the top 1% of earners would see the bulk of the plan's benefits, while lower- and middle-class Americans — even most upper-class people — would see few benef
  
  Read more

• Advertisement

• Steve Mnuchin tried to bury a number that tells you whom Trump's tax plan is really for

  29-09-2017 19:08 via feedproxy.google.com
  Here's something Steve Mnuchin apparently didn't want you to know.
  The Wall Street Journal on Thursday reported that the Treasury Department had taken a paper off its website that said "82% of the corporate income tax burden is distributed to capital income and 18% is distributed to labor income."
  In other words, American workers pay for a small chunk of corporate taxes — about 20%. That's a problem for Mnuchin, who would prefer that you think that number is about 70%.
  You can see why thi
  
  Read more

• Swiss regulators crack down on ICOs, say some might be guilty of 'terrorist financing'

  29-09-2017 18:42 via feedproxy.google.com
  NEW YORK — Switzerland's financial watchdog, the Swiss Financial Market Supervisory Authority, is concerned that some initial coin offerings are violating the country's laws against "terrorist financing."
  FINMA announced on Friday that it was looking into a number of ICOs for breaching "provisions on combating money laundering and terrorist financing" and other regulations. 
  ICOs allow startups to issue their own digital token to raise, in some cases, millions
  
  Read more

• JEFFERIES: Amazon is going to dominate the toy industry this holiday season (AMZN)

  29-09-2017 18:26 via feedproxy.google.com
  Amazon already owns a large part of the toy industry, but with Toys R Us working through its bankruptcy, the online giant's footprint is about to get even bigger.
  In 2016, toy sales on Amazon totaled $4 billion, which means the company controlled about 20% of the total market, according to Stephanie Wissink, an analyst at Jefferies.
  "More than half of annual toy sales on Amazon are concentrated in less than 60 selling days and 35% are in December alone," Wissink said in a note to clients. "It's
  
  Read more

• The world according to a $2 trillion investment chief

  29-09-2017 18:09 via feedproxy.google.com
  Mark Haefele is constantly in the air.
  A former lecturer and acting dean at Harvard University, Haefele is the global chief investment officer at UBS Wealth Management, overseeing policy and strategy for $2 trillion in assets. He is also always traveling.
  Business Insider caught up with Haefele this week at the UBS CIO Global Forum in New York before he set off on another long-haul flight. Europe, the Middle East, and Asia are all on the schedule, as well as frequent trips to the US.
  H
  
  Read more

• Advertisement

• Interns in Wall Street's hottest field are making a killing

  29-09-2017 18:07 via feedproxy.google.com
  Private equity firms have been delivering strong returns for their clients, and the pay off has trickled down to the very bottom. 
  A new report on compensation in private equity out by Wall Street Oasis, an online community for financial professional, shows interns in the field make on average about $20 an hour. 
  That translates into an annual compensation of $41,000 per year. To put that in perspective, the average American makes $44,000 per year, according to the Burea
  
  Read more

• Portfolio manager says the anticipation of a correction might be what is keeping it from happening

  29-09-2017 17:34 via feedproxy.google.com
  Business Insider executive editor Sara Silverstein chats with Sarah Hunt, a portfolio manager at $4 billion firm Alpine Funds, about whether stocks are overvalued, and says that the anticipation of a correction makes it less likely to happen.
  She notes that while the Fed is unwinding its balance sheet, other central banks around the world are still expanding theirs, which should help equity markets continue to perform. Hunt envisions stocks being the default place where investors put their money
  
  Read more

• Trump's massive tax plan is about to create the 'corporate Hunger Games'

  29-09-2017 16:49 via feedproxy.google.com
  President Donald Trump's tax plan is designed to win over Main Street and Wall Street, but the biggest fight over the plan could come on K Street.
  Analysts say the infamous home of Washington's lobbyist core could be set ablaze over the newly released tax plan, as various groups battle to preserve their own carve outs and beneficial loopholes in the tax code.
  Almost every industry, special interest, and consumer group has an interest in the tax code, especially if the package ends up&n
  
  Read more

• Chipotle's queso is being called 'dumpster juice' — but there's one way it could still save the chain (CMG)

  29-09-2017 16:13 via feedproxy.google.com
  After years of demanding queso, Chipotle customers are overwhelmingly unhappy with the final result.
  But, there's still one way that the chain could salvage the cheesy dip's roll out. 
  Earlier in September, Chipotle began serving queso at every location across the US.
  The backlash was swift. 
  "Very disappointed in the Queso," reads one of the many negative comments on Chipotle's Facebook page. "I have not met one person who liked it."I thought people were overreacti
  
  Read more

• Kevin Warsh edges a step closer to clinching the Fed chairmanship under Trump

  29-09-2017 16:09 via feedproxy.google.com
  Kevin Warsh, a former Morgan Stanley banker and Federal Reserve Board Governor, appears to have edged a step closer to clinching a nomination from President Donald Trump to replace Janet Yellen at the helm of the US central bank.
  Warsh, one of the few high profile Republicans on Trump's business councils who did not denounce his reaction to the Charlottesville terrorist attack, met with Trump and Treasury Secretary Steven Mnuchin Thursday to discuss the potential appointment, The Wall Street Jou
  
  Read more

• Roku is rocketing higher on its 2nd day of trading (ROKU)

  29-09-2017 16:06 via feedproxy.google.com
  Roku's stock is surging in its second day of trading, trading up 24.17% at $29.18 a share.
  Friday's advance comes on the heels of a 66.14% gain on Thursday, the day of the stock's initial public offering.
  Roku is now 108% above its IPO price of $14.
  Shares are rocketing higher in the midst of an increasingly competitive streaming video landscape. Many content makers are pulling their content back into siloed streaming services. Disney is the largest recent example of th
  
  Read more

• Apple is reportedly thinking about ditching Intel and making its own chip for Mac laptops (AAPL, INTC)

  29-09-2017 15:59 via feedproxy.google.com
  Apple may be considering releasing a laptop in the future that uses its own chips instead of a chip from Intel, according to a report from Nikkei on Friday. 
  Apple's iPhones use an Apple-designed chip based on the ARM instruction set, but its current lineup of Mac laptops and desktops use chips from Intel that run the x86 instruction set. It would be a significant engineering challenge to enable software designed for Intel chips to run on Apple's ARM-based processors. MacOS alone would be a
  
  Read more

• Why energy stocks are a great bet

  29-09-2017 15:45 via feedproxy.google.com
  Business Insider executive editor Sara Silverstein talks to Sarah Hunt, a portfolio manager at $4 billion firm Alpine Funds, about why she's bullish on energy stocks. Hunt says there's been a change in discussions around oil, and says she expects to see oil demand higher than supply for the first time in years. She notes that this is very helpful from a sentiment standpoint. In terms of energy stock valuations, she says that companies will start to look more attractive once oil prices rise, enha
  
  Read more

• Marketoonist on artificial intelligence

  29-09-2017 15:27
  Tom Fishburne is founder of Marketoon Studios. Follow his work at marketoonist.com or on Twitter @tomfishburne
  See more of the Marketoonist here
  Tom Fishburne will be speaking at the Festival of Marketing, which is taking place on 4 and 5 October at Tobacco Dock. To find out more information, including how to book tickets, visit www.festivalofmarketing.com
  The post Marketoonist on artificial intelligence appeared first on Marketing Week.
  
  Read more

• An investing legend who has nailed the market at every turn just got even more bullish on stocks

  29-09-2017 15:25 via feedproxy.google.com
  With the stock market hitting yet another series of record highs, some investors may be inclined to take the money and run — or at least start to worry about the rally's sustainability.
  Not the legendary investor Laszlo Birinyi.
  The president of Birinyi Associates is going in the opposite direction, placing more bullish trades on the S&P 500 and raising his price target into the 2,588-to-2,600 range. That's 3% to 3.5% higher than the index's current level, and it would mark a 16% surg
  
  Read more

• Trump's tax cut could hand Wall Street banks a $6.4 billion profit boost (JPM, C, GS, BAC, MS, WFC)

  29-09-2017 15:24 via feedproxy.google.com
  Big banks could see profits spike by $6.4 billion under President Donald Trump's tax plan.
  The six largest US banks — JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley — stand to reap a massive windfall that would boost net income by 7% if the plan, which cuts the corporate tax rate to 20% from 35%, successfully clears Congress, according to a Bloomberg report. 
  The big-six banks, which paid an average federal tax rate of 26% last year, w
  
  Read more

• Japan has taken a key step to cement its position as a leader for cryptocurrencies

  29-09-2017 14:46 via feedproxy.google.com
  China is moving forward with a plan to crack down on cryptocurrencies, but Japan is singing a different tune.
  Japan's Financial Services Agency on Friday granted 11 cryptocurrency exchanges licenses to legally operate in the country, according to reporting by The Wall Street Journal's Paul Vigna and Gregor Stuart Hunter. The news comes amid a crackdown on digital currencies by Japan's neighbors.
  China banned initial coin offerings, a red-hot cryptocurrency-based fundraising method, earlier in Se
  
  Read more

• 'The US dollar is closing one of its best months of the year'

  29-09-2017 14:30 via feedproxy.google.com
  The US dollar had a relatively strong September after months of declines.
  "Supported by a sharp rise in interest rates and ideas of tax reform, the US dollar is closing one of its best months of the year," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman, in commentary Friday.
  "The Dollar Index is snapping a six-month decline, and the euro's monthly advance since February is ending," he added.
  The US dollar index climbed to its highest level in over a month earlier
  
  Read more

• What keeps investment heavyweights up at night

  29-09-2017 14:17 via feedproxy.google.com
  Business Insider deputy executive editor Matt Turner speaks to three chief investment officers at UBS and JPMorgan about what keeps them up at night. They're most afraid of a wrong move by the Federal Reserve, while they also cite geopolitical risks and an aging cycle of expansion as potential headwinds.Join the conversation about this story »
  
  Read more

• Ryanair, P&G, Facebook: 5 things that mattered this week and why

  29-09-2017 13:31
  Ryanair brand shows strain after cancellation crisis
  Let’s face it, Ryanair’s decision to cancel more than 2,000 flights, affecting some 315,00 passengers, has been an undisputed PR disaster.
  And according to new YouGov BrandIndex data, the Irish airline’s brand health is now feeling the strain. Over the last two weeks, the period in which the crisis has played out in public, Ryanair’s consumer purchase intent has fallen 2.9 points to a score of 7.9 – a statisticall
  
  Read more

• 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, DB, AMZN, AIG, ROKU)

  29-09-2017 12:42 via feedproxy.google.com
  Here is what you need to know.
  Japanese inflation hits a multiyear high. Consumer prices in Japan rose 0.7% year-over-year in August, their fastest since March 2015, as higher energy prices provided a lift, according to data released by Japan's statistics bureau.
  London home prices fall for the first time in 8 years. Prices slid 0.6% year-over-year in September, making for the first decline since the third quarter of 2009, Nationwide data showed.
  South Korea bans ICOs. South Korea's Financial Se
  
  Read more

• Colin Lewis: Your marketing reading choices are crucial, so make them wisely

  29-09-2017 08:12
  Let’s face it, almost everything we marketers write is ephemeral: marketing plans, presentations, emails, social posts. Of course, we hope our campaigns will be seen by our target market, and, ideally, will be around for a long time, but the reality is that the majority of our output is seen by just a few people and then discarded.
  And it’s not just marketers: even yesterday’s front page news, read by millions, has no readership 24 hours later. There is an ongoing debate in ac
  
  Read more

• Market research on a shoestring: How to get big insights from small budgets

  29-09-2017 08:00
  Startup culture has embedded the idea that budgets don’t need to be sky high to get great results. Companies big and small are learning that not all research needs to come with an eye-watering price tag.
  Marketing Week explores six ways marketers can make the money work harder when it comes to exploring the market, without sacrificing quality.
  1. Invest in your question
  Asking the right question may seem like stating the obvious, but the difference between a question that opens up the mark
  
  Read more

• Computers using Facebook 'likes' may be assessing your personality better than your friends — and researchers warned this could be misused

  29-09-2017 06:34 via feedproxy.google.com
  A 2015 study found computers can make more accurate personality judgments about a person than most friends and family with enough Facebook "likes."
  The study's authors said that kind of information about people's personalities can improve lives, but they warned it can also "be used to manipulate and influence" people.
  According to a 2015 study that examined thousands of Facebook users, what you do on the social network — specifically what you choose to "like" — might paint a be
  
  Read more

• A manager at a $6 billion quant fund gives the best intro to cryptocurrencies we've heard

  29-09-2017 05:41 via feedproxy.google.com
  Patrick O'Shaughnessy vividly recalls the week he was introduced to the world of cryptocurrencies.
  O'Shaughnessy, a manager at his family's $6 billion quant asset manager of the same name, was chatting with one of his analysts over lunch at the beginning of this year about what they did over the weekend.
  "He told me he bought a bunch of cryptocurrencies: ether, bitcoin, and litecoin," O'Shaughnessy told Business Insider. "And I was like, 'What the hell is a cryptocurrency?'"
  He figured that if
  
  Read more

• UBS: These 8 housing markets around the world are closest to a bubble

  29-09-2017 04:20 via feedproxy.google.com
  Homeowners in Toronto face the biggest risk worldwide of seeing their property values collapse. 
  That's according to UBS' latest annual Global Real Estate Bubble Index, which examines which housing markets have experienced unsustainable price increases. 
  "Annual price-increase rates of 10% correspond to a doubling of house prices every seven years, which is not sustainable," the report said. "Nevertheless, the fear of missing out on further appreciation predominates among home buy
  
  Read more

• Everyone is calling the new iPhone X the 'Ecks' even though Apple says it's pronounced '10' (AAPL)

  29-09-2017 03:29 via feedproxy.google.com
  With a massive screen behind him displaying the text, "iPhone X" Tim Cook hopped on the stage at the Steve Jobs Theater during Apple's September 12 launch event and proclaimed, "This is the iPhone ten."
  Apple consumers across the globe have been in a tizzy ever since, and not just over the souped-up phone, but over how on earth to pronounce its name. 
  The "X" refers to the Roman numeral 10, not the letter of the alphabet, and is supposed to mark the ten-year anniversary of the release
  
  Read more

• Sorrell: the end of western tech dominance

  29-09-2017 02:00 via warc.com
  GLOBAL: China’s technology giants, including WeChat owner Tencent, e-commerce company Alibaba, and electronics manufacturer Huawei will overtake America’s big five tech companies – Facebook, Google, Apple, Amazon and Microsoft...
  
  Read more

• Pandora's tips for digital audio ads

  29-09-2017 02:00 via warc.com
  NEW YORK: Brands seeking to generate “long clicks” with their digital-audio advertising should consider factors such as storytelling, solo voiceovers and using music, according to research from Pandora, the streaming platform.Lizzie...
  
  Read more

• More legal problems for Uber

  29-09-2017 02:00 via warc.com
  NEW YORK: A week after Uber announced it was suing its agency for ad fraud, the beleaguered ride-hailing app is itself being sued by an ad tech company claiming it is owed millions of dollars.Uber initially filed a lawsuit against Fetch Media, a...
  
  Read more

• FMCG brands wary of government tobacco plans

  29-09-2017 02:00 via warc.com
  KOLKATA: India’s FMCG companies use smaller pack sizes as a way of widening distribution and increasing penetration but these efforts may be hampered by government plans to tighten regulations surrounding tobacco sales at paan shops.A few...
  
  Read more

• Debias for better innovation

  29-09-2017 02:00 via warc.com
  GLOBAL: Cognitive biases can inhibit creativity and lead to poor choices, so “debiasing” of an organisation may make the difference between success and failure, according to two leading behavioural scientists.In a WARC Best Practice...
  
  Read more

• Brands can tap local concerns

  29-09-2017 02:00 via warc.com
  LONDON:A majority of British people believe that big brands should do more to show their commitment to local areas – which are becoming more tightly drawn – but almost half are sceptical of businesses that do so.This apparent...
  
  Read more

• Baijiu brands play a long game

  29-09-2017 02:00 via warc.com
  BEIJING: Premium baijiu brands are tapping new markets in China, aiming to reach younger,middle class consumers with new products while also anticipating that a younger generation attracted to foreign spirits will eventually come back to the local...
  
  Read more

• Consumer confidence ‘in the doldrums’ as Brits ‘live now, pay later’

  29-09-2017 01:01
  Consumer confidence is still “in the doldrums” according to GfK, which doesn’t expect the UK economy to catch alight any time soon.
  In September, the overall consumer confidence index rose by just one point to -9 – this is eight points lower than the same period a year ago. Consumer perceptions of their personal finances over the last 12 months experienced the biggest fall, down three points to -1. And expectations for personal finances over the next 12 months also fell i
  
  Read more

• Debating the odds of a stock market correction

  29-09-2017 00:20 via feedproxy.google.com
  Business Insider executive editor Sara Silverstein chats with deputy executive editor Matt Turner about his biggest takeaways from the recent UBS CIO Global Forum, where he chatted with eight investment officers. According to him, they all share the view that the stock market is fully-valued, if not slightly expensive, but that there isn't any imminent downside risk due to overconfidence.
  Turner also addresses recent comments from Fidelity's director of global asset
  
  Read more

• MARK CUBAN: Here's how I'd tackle tax reform

  29-09-2017 00:18 via feedproxy.google.com
  As President Donald Trump and congressional Republicans release details of their plan to overhaul the nation's tax code, billionaire businessman Mark Cuban tossed out his own ideas for tax legislation.
  Cuban, the owner of the NBA's Dallas Mavericks and the star of ABC's "Shark Tank," provided Business Insider with the tenets of his tax reform proposal in an email exchange Thursday.
  Cuban, who has teased a possible 2020 presidential run, said he is "not against" lowering the corpo
  
  Read more

• A top Goldman Sachs exec explains the skills you need to make it as a stock trader

  29-09-2017 00:08 via feedproxy.google.com
  Young aspiring traders might want to couple their Finance 101 textbook with one on coding if they want to make it on the Street.
  The evolution of trading has made skills in STEM, an acronym standing for science, technology, engineering, and mathematics, just as important as an understanding of economics, according to Paul Russo, global co-COO of the equities franchise in the securities division at Goldman Sachs, the financial services powerhouse.
  Russo said during the most recent episode of "Exc
  
  Read more

Follow @sales_mrktinguk on Twitter!