Sales & Marketing news

• We asked cryptocurrency experts to respond to Jamie Dimon's bitcoin bashings — here's what they said

  21-10-2017 19:42 via feedproxy.google.com
  Jamie Dimon has been a vocal critic of bitcoin since its earliest days, but his most recent comments have ignited a conversation about digital currencies on Wall Street.
  Two of the bankers' main arguments against the cryptocurrency are that it is in a bubble, and it will ultimately be "crushed" by governments. 
  We spoke with experts in the cryptocurrency space to examine those two critiques.They said bitcoin's underpinning blockchain technology can't be easily jeopardized by governments an
  
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• An obscure company is ground zero for the biggest debate in the stock market (MDP)

  21-10-2017 19:06 via feedproxy.google.com
  More than 20% of Meredith Corporation's shares are owned by ETFs, with much of that being held in dividend-focused funds.
  This is among the highest percentages in the US market, and serves as a microcosm for the debate around the effect rapidly-growing ETF investment is having on the stock market.
  You may not have heard of Meredith Corporation, but its shareholder list highlights a tug-of-war in the stock market.
  A little known fact about the $2.4 billion media conglomerate is that well over 20
  
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• MORGAN STANLEY: A stock market correction is 'looking more likely'

  21-10-2017 17:06 via feedproxy.google.com
  Earnings season can be a euphoric time for stocks.
  It's a time when companies have the opportunity to show off growth that matches their valuations, and it can encourage investment by traders looking to put money to work.
  But that may not be the case this time around, Morgan Stanley warns.
  A big part of that has to do with how investors approach earnings season. When investors anticipate strong results, stocks tend to rally heading into the season only to fade as results are actually reported, t
  
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• The retail apocalypse just sabotaged Nordstrom's attempt to go private — and the whole industry is getting hit (JWN)

  21-10-2017 16:06 via feedproxy.google.com
  It's official: Nordstrom's quest to go private is over — at least for now.
  On Monday, the family members who own the department-store chain suspended their attempt to sell the company to a private-equity firm through the end of the year. The news sent Nordstrom's shares down as much as 6.1% in early trading.
  The company "intends to continue" its attempt to go private "after the conclusion of the holiday season," it said in a press release.
  The writing had been on the wall for Nordstrom sin
  
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• A Wall Streeter who started his career on Black Monday recalls the biggest one-day crash in stock market history

  21-10-2017 15:35 via feedproxy.google.com
  Thursday, October 19, marks the 30th anniversary of Black Monday, when the Dow Jones industrial average suffered a record 22% crash.
  David Rosenberg, now the chief economist at Gluskin Sheff, was just starting out on Wall Street as the stock market crashed. "I had never in my life seen such pandemonium either professionally or personally," he recalled.An important lesson from that day that economists got but traders missed, Rosenberg said, was that market crashes don't cause recessions —
  
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• Morgan Stanley is making a boatload of cash lending money to rich people — and it's just getting started (MS)

  21-10-2017 15:16 via feedproxy.google.com
  Morgan Stanley's wealth-management business produced record revenue in the third quarter.
  Most of its clients are very wealthy — its CEO says 98% of assets come from people with more than $100,000 at the bank.
  A growing opportunity is to lend these rich people, who often have illiquid assets like real estate or business equity, more money. 
  Morgan Stanley reported third-quarter earnings this week and landed a solid beat with earnings of $0.93 a share, higher than expectations of $0.8
  
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• Bets on a 'dangerous' trade that reminds experts of the 1987 market crash just broke a record

  21-10-2017 15:05 via feedproxy.google.com
  Investors just can't resist making a quick buck on the motionless stock market.
  With price swings already locked near record lows for weeks, traders have pushed short bets on the CBOE Volatility Index, or VIX — widely known as the S&P 500 fear gauge — to a new high.
  It marks the fourth such record in just 11 weeks for hedge funds and large speculators, which have made a serious habit out of betting against the VIX, according to data compiled by the US Commodity Futures Trading Co
  
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• Tesla should make a change to prove itself to Wall Street (TSLA)

  21-10-2017 15:01 via feedproxy.google.com
  Tesla currently reports US sales on a quarterly basis.
  No other major automaker does this, following instead a monthly reporting protocol.
  Tesla should switch to monthly reporting — a signal that it will be selling many more vehicles in the future.
  Tesla has never done things the way that other car companies do — and it probably never will.
  But every so often it acts like a "normal" automaker. A while back, largely because everyone was spending a lot of time trying to figure ou
  
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• Google built a new Trojan Horse to get inside every aspect of your life (GOOGL)

  21-10-2017 14:30 via feedproxy.google.com
  Google is taking hardware seriously after years of experimentation.
  But it doesn't have a chance at becoming another Apple or Samsung.
  Instead, Google's hardware division will be used to sneak the company's AI technology into everything else.Suddenly, Google is starting to look like a hardware company.
  As the holiday gadget-buying season approaches, Google's offerings are starting to look more like what you'd see from Samsung or Apple, not a search giant.
  It started this week with the launch of
  
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• A huge chunk of men who rule corporate America would prefer if everyone focused less on diversity

  21-10-2017 14:18 via feedproxy.google.com
  Corporate America is still run by mostly white, old men. According to a new survey, they're not too bothered about the lack of diversity.
  Nearly a third of the men surveyed recently by PwC would prefer if less attention was paid to diversity. Thirty-one percent of men said there is too much focus on it, compared to 4% of women.   
  The survey interviewed 866 US public company board members, of which 14% were women – a representative cross section, according to PwC.
  Among
  
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• Warren Buffett's advice for CEOs touches on a key issue plaguing the US economy

  21-10-2017 14:07 via feedproxy.google.com
  Warren Buffett generally likes to take a hands-off approach when it come to investing in companies, but he has some advice for CEOs on how to run a business better.
  His advice indirectly touches on a key problem plaguing the US, that CEOs focus on the short-term and quarterly earnings instead of long-term objectives.
   
  Warren Buffett, generally speaking, likes to take the hands-off approach with companies he and Berkshire Hathaway invest in.
  He once wrote that Berkshire feel
  
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• A flawed argument used by Warren Buffett could be setting stocks up for 'one of the worst disasters in history'

  21-10-2017 14:05 via feedproxy.google.com
  Billionaire investor Warren Buffett made a lot of people feel better about historically stretched stock prices earlier this month.
  Speaking in an interview with CNBC on October 3, the chairman and CEO of Berkshire Hathaway said, "Valuations make sense with interest rates where they are."
  The investment community breathed a sigh of relief. After all, Buffett is arguably the most successful stock investor in world history. An all-clear from him surely gives a green light for adding more equit
  
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• ROSENBERG: Everyone obsessing over who becomes the next Fed chair is doing it wrong

  21-10-2017 11:04 via feedproxy.google.com
  President Donald Trump has left markets in suspense as he considers who to nominate as the next Fed chair. 
  His pick is not as relevant as many are making it out to be because with a few exceptions, Fed chairs are not bigger than the institution they oversee, Gluskin Sheff's David Rosenberg argues.
  The next chair will direct the huge task of slowly reversing the Fed's accommodative policies without causing another recession.
  The race for chair of the Federal Reserve is heating up
  
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• Republicans are considering a proposal that would radically change the way you save for retirement

  21-10-2017 04:59 via feedproxy.google.com
  Republicans are reportedly considering a cap on the amount people can put into a traditional, tax-deferred retirement account.
  One proposal would cap the amount at $2,400 annually and force people to use a Roth account for anything over that.
  The plan would help pay for the GOP's massive tax overhaul but could depress retirement savings.
   
  Republicans are reportedly considering a massive change as part of their tax-code overhaul that could drastically alter how Americans save for retiremen
  
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