Sales & Marketing news

• Here's everything you need to know about Jerome Powell, Trump's likely pick to lead the Federal Reserve

  30-10-2017 23:10 via feedproxy.google.com
  President Trump is expected to appoint Jerome Powell, current board governor and a former private equity executive, as Federal Reserve chair, replacing Janet Yellen.
  Picking Powell signals the administration was fearful of jolting markets with some of the picks on its list, who had signaled they might be more aggressive in raising interest rates.
  Powell lacks formal monetary policy training but has gotten quite a bit of practice since joining the board in 2012.
   
  Donald Trump looks set to
  
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• A key GOP senator who helped sink Obamacare repeal has 2 demands for the tax bill

  30-10-2017 22:45 via feedproxy.google.com
  Republican Sen. Susan Collins told Bloomberg that she has two stipulations to support the GOP's tax bill.
  Collins wants the estate tax to remain and no tax cuts for people making $1 million a year.
  The demands could throw a wrench in Republican tax reform negotiations.
  Sen. Susan Collins on Monday said she would have two demands to support the forthcoming Republican tax reform bill.
  Collins, a moderate member of the Senate GOP conference, told Bloomberg's Sahil Kapur on Monday th
  
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• Republicans are reportedly considering a 5-year phase in of their massive corporate tax cut

  30-10-2017 21:55 via feedproxy.google.com
  Republicans are considering a five-year phase-in of a cut in the corporate tax rate as part of their bill, according to a Bloomberg report.
  The proposal would lower the federal corporate rate by 3 percentage points per year through 2022 to get to a 20% target.
  This could help lower the amount the bill , a key procedural concern.Republicans on the House Ways and Means Committee are considering a slow rollout of their massive planned cut in the corporate tax rate, accordi
  
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• Here are 13 ETFs that are crushing it with a more than 60% return in 2017 (LABU, SOXL, EDC, YINN, INDL, TECL, CURE, ARKK, UDOW, CQQQ, ROM, ARKW, LIT)

  30-10-2017 21:13 via feedproxy.google.com
  ETFs have enjoyed healthy investment returns this year, some comfortably outpacing the S&P 500 and other major indices, which have hit all-time highs.
  Investors have flocked to exchange-traded funds, which try to mimic the performance of a single sector or index, for their low fees, liquidity, and tax efficiency.
  The current bull market is propped up by the funds, which have contributed $300 billion to equities this year, Goldman Sachs reports. Moody's Investor Servi
  
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• Some of the biggest names in tech closed at record highs (AAPL, AMZN, FB)

  30-10-2017 21:09 via feedproxy.google.com
  A number of the biggest tech companies in the US saw their stocks close at a record high on Monday.
  Shares were boosted by strong earnings results from a number of names last week.
  Tech stocks hitting all-time highs included:
  Apple (AAPL) +2.27% to $166.69
  Amazon (AMZN) +1.04% to $1,112.43
  Facebook (FB) +1.15% to $179.89Facebook is set to report its quarterly results on Wednesday, and Apple reports on Thursday.
  SEE ALSO: Tech stocks are setting the Nasdaq 100
  
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• Lennar is about to become America's largest homebuilder — here are some of its latest projects

  30-10-2017 20:40 via feedproxy.google.com
  On Monday, Lennar Corporation announced plans to buy smaller rival CalAtlantic Group, making it the largest homebuilder in the United States. The stock-and-cash deal is valued at about $9.3 billion, including a debt of $3.6 billion.Lennar and CalAtlantic already have large footprints across the US. Combined, the two corporations have 240,000 building plots in 21 states, a market value of around $18 billion, and a revenue of $17 billion over the past year.
  The a
  
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• JEFFERIES: Nintendo's Switch is selling like crazy, and won't slow down anytime soon

  30-10-2017 20:10 via feedproxy.google.com
  Nintendo just updated its sales projections for the Switch.
  The new console is set to sell more units than Nintendo's last.
  The largest long-term opportunity for Nintendo comes from mobile, however.
  Click here to get a live stock price for Nintendo.
   
  Nintendo's Switch game console is one of the hottest items in tech right now. It has been delighting users for months, and it doesn't look like its popularity will be waning anytime soon.
  The company just updated its forecast for th
  
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• The head of JPMorgan's giant investment bank is worried 'the next market correction will be painful' (JPM)

  30-10-2017 19:54 via feedproxy.google.com
  Daniel Pinto, the head of JPMorgan Chase's dominant investment bank, told research analysts from Keefe, Bruyette, & Woods that the markets are too complacent right now, and we could be in store for a painful correction. 
  One significant risk is that inflation exceeds projections by investors and central bankers, disrupting the economic cycle. 
  The bank is taking pains to be more conservative given the risks it's seeing, and is rejecting leveraged lending deals even
  
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• Sarah Huckabee Sanders used a parable about 10 people paying for beer to help explain Trump's tax plan

  30-10-2017 19:44 via feedproxy.google.com
  Sarah Huckabee Sanders told a story about tax cuts and a beer tab during Monday's White House press briefing.
  The story, which attempts to explain why benefits of a tax cut would mostly go to the wealthy, has been floating around the internet since 2001.
  Sanders read the story to explain the effects of the forthcoming Republican tax bill.White House press secretary Sarah Huckabee Sanders kicked off Monday's press briefing with a story about a bar tab to try to explain who wo
  
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• Cisco looks to Detroit to pilot its connected roadway project for autonomous vehicles (CSCO)

  30-10-2017 19:18 via feedproxy.google.com
  Cisco is partnering with the state of Michigan on a three-year digital development project.
  The California-based networking company is looking to partner with the state on self-driving car programs which would link vehicles to public infrastructure.
  Cisco chose Michigan in part because of its long history in car manufacturing. 
  It's not just startups and ex-Brooklynites with an eye on Detroit.
  The Silicon Valley-based networking giant Cisco is teaming up with the state of Michigan on
  
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• Russian oil behemoth Rosneft reportedly suspends an oil project in the Black Sea because of western sanctions

  30-10-2017 18:58 via feedproxy.google.com
  Rosneft reportedly suspended an oil project in the Yuzhno-Chernomorsky area of the Black Sea due to western sanctions.
  Rosneft had partnered with Exxon-Mobil and Eni a few years ago to work on joint-exploration projects in the Black Sea and other areas.
  While US sanctions block Exxon from working with Rosneft, the EU version of the sanctions includes a grandfather clause for existing projects, which has allowed Eni to continue working with Rosneft.
   
  Russian o
  
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• Sprint, T-Mobile sink following report that merger talks are over (S, TMUS)

  30-10-2017 18:07 via feedproxy.google.com
  Nikkei reported on Monday that Sprint and T-Mobile planned to end merger talks. 
  SoftBank, the Japanese telecom company that owns Sprint, insisted on retaining a controlling stake after Deutsche Telekom, T-Mobile's owner, showed interest in taking control, the report said.
  Sprint shares were halted for volatility shortly after the news crossed. They plunged by as much as 13% after trading resumed.Sprint and T-Mobile shares sank on Monday after Nikkei reported that SoftBank Group planned to
  
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• The president of Goldman Sachs says a client he met as a personal trainer in his teens helped shape his entire career

  30-10-2017 18:05 via feedproxy.google.com
  Harvey Schwartz, the president of Wall Street giant Goldman Sachs, opened up about a woman named Linda during the most recent episode of "Exchanges at Goldman Sachs."
  The 20-plus-year veteran of Wall Street was promoted to president and co-COO at Goldman Sachswhen Gary Cohn was tapped by the White House to lead the National Economic Council. 
  Schwartz explained how Linda, whom he trained at the gym he worked for after high school, helped him get into college. 
  He said L
  
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• BANK OF AMERICA: There's one area of the stock market that stands above the rest

  30-10-2017 17:44 via feedproxy.google.com
  Out of all the most appealing areas of the US stock market, Bank of America Merrill Lynch identifies biotech as the No. 1 option.
  The firm likes biotech's ideal combination of relatively cheap valuation, high expected growth and considerable upside potential.
   
  Right now, it seems like there's opportunity in the stock market no matter where you look.
  Tech companies are surging to yet another series of record highs following blockbuster earnings reports for many of the sector's mega-ca
  
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• The beer giant behind Corona paid $191 million for a stake in the world's largest legal marijuana producer (STZ)

  30-10-2017 17:30 via feedproxy.google.com
  Constellation Brands — which sells Corona and is the third-largest beer company in the US — paid $191 million for a stake in the Canadian cannabis company Canopy Growth.
  Constellation's CEO says that he believes it is "highly likely" that marijuana will be legalized nationally in the US.Beer sales have slumped in recent years — and weed could be the solution.
  A beer industry giant is betting big on legalized weed.
  On Monday, Constellation Brands — which sells Corona and
  
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• A key homebuilders' group is now opposing the Republican tax plan — and it's a sign of trouble to come

  30-10-2017 17:20 via feedproxy.google.com
  The National Association of Home Builders on Sunday came out against the Republican tax bill, expected to be released on Wednesday.
  The NAHB was working with lawmakers on changes to the mortgage-interest deduction in the plan, but it did not support the proposed changes and said the bill would not incentivize homebuying.
  The NAHB's position indicates a broader problem for Republicans as they try to eliminate various deductions.Republicans on Sunday lost a big ally in their fight to overhaul the
  
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• Asda appoints new CEO as it claims brand is finally ‘realising its potential’

  30-10-2017 11:51
  ‘Big four’ supermarket Asda has today (30 October) announced the appointment of Roger Burnley as its new president and chief executive.
  Burnley, who is currently chief operating officer and deputy CEO’, is due to start in the new role from 1 January 2018. He’s an experienced retail man having served as Sainsbury’s retail and operations director before joining Asda in October 2016. Importantly, Burnley has a long history with Asda having previously worked there betwe
  
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• Under Armour, Apple, Alibaba: Everything that matters this morning

  30-10-2017 08:30
  Apple shares hit record high following 19% profit boost
  Pre-sales for the iPhone X, which is released today (3 November), coupled with a 19% rise in profits and have resulted in Apple’s share price hitting a record high. The company is now worth more than $868bn, meaning it is one step closer to becoming the world’s first trillion-dollar company.
  Sales of its flagship iPhone contributed to more than half of the $52.6bn it earned during the last quarter. Apple sold 46.7m iPhones duri
  
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• Uber, Jigsaw, Facebook: Everything that matters this morning

  30-10-2017 08:30
  Uber hires banking vet as UK chair in bid to restore reputation
  Few industries know more about reputational damage than the financial sector and Uber is hoping the creator of M&S Bank can help it to restore its damaged brand reputation in the UK.
  The ride-hailing app has hired Laurel Powers-Freeling, who set up M&S Bank and is also a former director of the Court of the Bank of England, as its new UK chairman.
  Uber’s interim UK CEO Tom Elvridge said: “With this new position La
  
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• Ryanair, YouTube, GBBO: Everything that matters this morning

  30-10-2017 08:30
  UK advertisers increase ad spend amid economic uncertainty
  The UK might still be facing uncertainty surrounding Brexit, but advertisers seem eager to spend their way through it. New figures show that UK advertising expenditure grew 3.7% to £10.8bn during the first six months of 2017, the largest H1 total of any year since monitoring began in 1982.
  The latest AA/Warc Expenditure Report data, published today (31 October), has led to an upgraded forecast for 2017 of 3.1% growth, which indicat
  
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• Facebook, Estée Lauder, BBC: Everything that matters this morning

  30-10-2017 08:30
  Facebook ad revenue reaches $10bn
  Facebook’s advertising revenue rose to in excess of $10bn (£7.5bn) in the third quarter of 2017, driving profits up 80% year-on-year to $4.7bn (£3.5bn).
  Total ad revenue rose 47% year-on-year thanks to the platform’s more than six million active advertisers, many of whom are small and medium-sized businesses. Going forward Facebook expects ad prices to increase, although the pace of expansion has been slowing.
  The number of Facebook&rsquo
  
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• Burberry, Just Eat, Next: Everything that matters this morning

  30-10-2017 08:30
  Burberry’s Christopher Bailey set to leave
  Christopher Bailey, Burberry’s chief creative officer and one of the architects of its transformation into a modern luxury fashion brand, is to leave the company next year after more thann 17 years. Bailey started as a designer but had a hugely successful relationship with former CEO Angela Ahrendts, with her driivng the business and him the design. When she left for Apple in 2014, he took on the dual role of CEO and chief creative officer.
  
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• Apple, Under Armour, Alibaba: Everything that matters this morning

  30-10-2017 08:30
  Apple shares hit record high following 19% profit boost
  Pre-sales for the iPhone X, which is released today (3 November), coupled with a 19% rise in profits and have resulted in Apple’s share price hitting a record high. The company is now worth more than $868bn, meaning it is one step closer to becoming the world’s first trillion-dollar company.
  Sales of its flagship iPhone contributed to more than half of the $52.6bn it earned during the last quarter. Apple sold 46.7m iPhones durin
  
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• Pukka Pies tries to go ‘posh’ with rebrand

  30-10-2017 08:13
  Pukka Pies is unveiling a rebrand as well as a move into the premium market, as it admits it had previously “not properly supported the brand” with marketing.
  The brand has launched an £8m marketing campaign to show off a complete brand relaunch – which includes updated recipes for its most popular pies, brighter packaging and a new brand positioning aimed at convincing mums to consider the brand for family meals.
  The relaunch is part of an ambition to bring one million n
  
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• Look up, not down

  30-10-2017 01:00 via warc.com
  Mike Teasdale warns network ad agencies that they should focus on how to use data to help their clients achieve a consistently connected brand experience or risk being run over by the management consultancy juggernaut.Think back...
  
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• How to talk to Asian Centennials

  30-10-2017 01:00 via warc.com
  SINGAPORE: Brands have often articulated aspects of the self when talking to young Asians, but new research suggests that greater value may be found in talking to Centennials about a brighter future for their community.“By 2030, there will...
  
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• How a shift in perspective accelerated growth at Very

  30-10-2017 01:00 via warc.com
  LONDON: Online retailer Very grew steadily over its first five years, but it was a shift in perspective in 2015 that accelerated its expansion to become a £1.2bn business.Created by Shop Direct in 2010, the brand was designed as an...
  
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• Google antitrust ruling struggles to benefit rivals

  30-10-2017 01:00 via warc.com
  BRUSSELS: Google's concessions to the European Union made in the wake of its June antitrust fine have had a negligible impact on competitors' appearance in shopping search results, according to a new analysis.Following the penalty, which came with...
  
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• Content delivers better ad experiences – SPH

  30-10-2017 01:00 via warc.com
  SINGAPORE: Native advertising and effective content marketing delivers a much better ad experience to consumer, according to a senior executive at Singapore Press Holdings, the country’s largest print media publisher.Singapore Press Holdings...
  
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• Campbell's Soup fuses food and tech

  30-10-2017 01:00 via warc.com
  ORLANDO, FL: The Campbell Soup Co. is leveraging cutting-edge technology to provide a new service, called Habit, that uses a consumer’s DNA to provide tailored food suggestions.Carlos J. Barroso, SVP/Global Research and Development and...
  
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• Amazon's advertising division grew 58% in Q3

  30-10-2017 01:00 via warc.com
  SEATTLE: Amazon beat out the other tech giants with 34% year-over-year revenue growth according to its latest quarterly figures, with a still-sharper annual increase in the retailer's advertising revenues making a significant contribution.During...
  
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