Sales & Marketing news

• Gemini, the crypto exchange founded by the Winklevoss twins, extends maintenance after massive bitcoin sell-off

  09-12-2017 20:15 via feedproxy.google.com
  Gemini, the crypto exchange, extended a scheduled maintenance after a bitcoin sell-off.
  The exchange appeared to be down for some users for much of the morning.
  Bitcoin, the red-hot cryptocurrency, shed more than $1,500 during the downtime.The exchange will provide data for Cboe Global Markets' bitcoin futures contracts, which will go live Sunday.Gemini, the cryptocurrency exchange founded by the famous Winklevoss twins, has extended a scheduled maintenance of its site after a massive bitcoin s
  
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• A top hedge fund recruiter explains why your college major doesn’t really matter

  09-12-2017 19:47 via feedproxy.google.com
  Ilana Weinstein is the founder of The IDW Group, which focuses on recruiting investment talent for all kinds of investment strategies.
  We asked Weinstein about the biggest trends in the hedge-fund business and how to get a senior-level job today.
  Here’s her best advice for recent college graduates looking to land jobs at a hedge fund.llana Weinstein, founder of the The IDW Group, is a tour de force within the hedge-fund industry.
  She recruits top-level talent for the world’s most pr
  
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• Android creator Andy Rubin is back at his phone startup after allegations of an 'inappropriate' relationship at Google

  09-12-2017 19:36 via feedproxy.google.com
  Andy Rubin led the charge for Android within Google. He left Google in 2014, and founded a smartphone startup named Essential in 2015.
  A report surfaced in late November on The Information, which uncovered a Google complaint from 2014 alleging Rubin had an "inappropriate" relationship with a colleague.
  He subsequently took a leave of absence from his startup, but has since returned.Andy Rubin is back at Essential, the smartphone startup he founded to take on his former employer, Google, an
  
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• Rich homeowners in blue states are among the biggest losers in the GOP tax plan

  09-12-2017 18:21 via feedproxy.google.com
  Republicans' tax bill is set to disproportionately affect homeowners in affluent parts of the US.Wealthier households are more likely to take advantage of key tax breaks that could be downsized, including the mortgage interest deduction and the state and local tax, or SALT, deduction.Though this could weaken buying activity and prices, the high end of the housing market is also the smallest by share.Most states that would be most affected also happen to be blue states. They include New York, Ca
  
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• It's easier than ever to bet on the death of brick-and-mortar retail

  09-12-2017 18:09 via feedproxy.google.com
  ProShares just launched its Decline of the Retail Store ETF, which allows investors to make the inverse of a brick-and-mortar index's return.
  The fund arrives at a time when many traders are skeptical about the future of traditional retail as online competition mounts.There's no denying that traditional retailers are in trouble. Fortunately for stock investors, it just got even easier to bet on their demise.
  ProShares, a provider of exchange-traded funds, just unveiled the Decline of the Retail
  
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• Bank of America just told investors that its stock is cheap (BAC)

  09-12-2017 17:10 via feedproxy.google.com
  Bank of America has announced plans to buy back an additional $5 billion of its own stock, just five months after announcing a $12 billion repurchase.
  This latest buyback activity signals to investors that the firm sees its stock as attractively priced, and the action itself should be accretive to shares.
  The Federal Reserve gave approval for the capital plans of many Wall Street banks back in June, and this is an extension of that.Bank of America thinks its stock is cheap. And to show you that
  
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• Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback

  09-12-2017 16:42 via feedproxy.google.com
  Greg Coffey, a star hedge fund manager who retired from the industry in 2012, is eyeing a comeback, according to people familiar with the matter.
  The founder of Moore Capital, Louis Bacon, once described him as "the most impressive trader I've ever seen."
  The situation is fluid, according to some of the people, and Coffey's plans could change. Greg Coffey, a star hedge fund manager who bowed out of the industry in 2012, is said to be eyeing a comeback.
  Coffey is considering launching
  
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• A tug-of-war is raging over control of the stock market

  09-12-2017 16:11 via feedproxy.google.com
  S&P 500 inter-sector correlation is close to its lowest on record, showing that industries within the index have been trading independently of one another.
  The offsetting nature of S&P 500 sector moves has been particularly pronounced in the past week as traders rotate out of tech and into financials and telecom.The next time someone you know conflates low stock market volatility with an overall lack of excitement around equities, be sure to point them to the chart below.
  It shows that
  
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• The conference committee has barely started, and the GOP tax bill already has some big problems

  09-12-2017 16:03 via feedproxy.google.com
  The GOP tax bill is headed to a conference committee to hash out differences between the Senate and House plans.
  There are already issues forming, as Senate and House members have begun requesting various pet projects be included in the final bill.Republicans are closer than ever to turning their massive tax reform dream into reality, but they have run into some early snags in the process of attempting to unify their legislation.
  The Tax Cuts and Jobs Act (TCJA) is headed toward a conference co
  
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• This top VC is investing in startups without ever meeting them — with amazing results

  09-12-2017 16:00 via feedproxy.google.com
  Chamath Palihapitiya is trying to blow up the old-school, biased venture capital industry in every way he can think of.
  In the past few months he announced two new plans. One is a potentially industry-changing method of investing in startups all over the world, sight unseen.
  The other is a different way to fund bigger startups that's like an instant IPO. Chamath Palihapitiya is living an epic life. He's a true rags-to-riches Silicon Valley success story. And he's got a plan to bring that s
  
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• Deutsche Bank's brand new head of emerging market fixed income sales in Europe is already out

  09-12-2017 15:45 via feedproxy.google.com
  Deutsche Bank's head of emerging markets fixed income sales in Europe has left the company after only a couple months.
  Ken Reich was hired in September to help run the company's fixed income sales operation for Europe, the Middle East, and Africa.
  It was his second stint at the firm. 
   
  Ken Reich, who was hired by Deutsche Bank in September to help run its emerging markets fixed income sales operation in Europe, has left after only a couple months, the company confirmed.&nbs
  
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• A Tesla-SpaceX merger would be the deal of the decade (TSLA)

  09-12-2017 14:57 via feedproxy.google.com
  A Morgan Stanley analyst and Tesla bull teased a merger with SpaceX.
  Tesla wouldn't gain any meaningful synergies from a tie-up, but its business would become more complicated.
  CEO Elon Musk would avoid the hassles of having to run two high-pressure public companies.Last year, Tesla merged with struggling SolarCity, making Elon Musk CEO of both companies. The tie-up hasn't hurt Tesla in 2017 as the company's stock has surged above $300 per share and the combined enterprise hit a market capitali
  
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• Deutsche Bank is hiring an ex-Goldman Sachs partner to run its global equities business (GS)

  09-12-2017 14:14 via feedproxy.google.com
  Deutsche Bank is hiring Peter Selman, a former Goldman Sachs partner, to run its global equities business.
  Selman spent 22 years at Goldman Sachs before retiring in 2016 as a cohead of global equities trading and execution services.
  The hire is part of a wave of additions to the bank's sales and trading operation, including 50 managing directors and directors in the US this year.Deutsche Bank is hiring an ex-Goldman Sachs partner to run its global equities business, part of a growing investment
  
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• Over 1 million children and pregnant women are on the brink of losing health insurance

  09-12-2017 14:00 via feedproxy.google.com
  If Congress doesn't reauthorize funding for the Children's Health Insurance Program (CHIP), at least 1.2 million children could lose healthcare coverage.
  A handful of states are expected to run out of money by early next year.Medical officials in those states are beginning to send termination notices to families as they prepare for the worst.Even if Congress does restore CHIP money, the delay in funding will have already cost taxpayers hundreds of thousands of dollars.For the first time in the
  
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• Argentina's ex-president is going down for treason for covering up a threat to the entire western hemisphere

  09-12-2017 14:00 via feedproxy.google.com
  A judge has ordered former Argentine President Cristina Fernandez de Krichner be arrested on charges of treason.
  Those charges relate to a 1994 bombing in Buenos Aires that killed 84 people, and her attempt to cover up Iran's involvement it.
  It is a case that not only illustrates Iran's threat to the western hemisphere, but also what can happen when weak leaders are approached by bad actors bearing promises.
  An Argentine judge has ordered the arrest of the country's former president Cristina Fe
  
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• GOLDMAN SACHS: Here's how to make a killing on the 7 top trades of 2018

  09-12-2017 13:07 via feedproxy.google.com
  Goldman Sachs highlights seven of its most high-conviction trades heading into 2018.
  The firm's recommendations are based on four core tenets, most notably robust economic growth.With both stocks and bonds enjoying lengthy bull markets, there's been no shortage of investment opportunities for traders over the past year. But what about in 2018?
  Goldman Sachs has some ideas. In a recent note to clients, strategist Francesco Garzarelli and his colleagues have laid out seven high-conviction trades
  
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• GOLDMAN SACHS: There's an attractive way to profit from the $1.3 trillion student-loan bubble

  09-12-2017 13:05 via feedproxy.google.com
  The $1.3 trillion student-loan market is a "bubble," Goldman Sachs strategists said in a recent note. 
  The banks believes the market for asset-backed securities refinanced by private lenders like SoFi "may offer relative value" compared to public student-loan securities.
  Asset-backed securities bundle pools of loans with similar risks that investors can profit from when former students make their payments. 
  Although student loans are in a bubble, Goldman doesn't see them as a ris
  
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• A Wall Street bank just made the most bullish call on stocks yet

  09-12-2017 11:02 via feedproxy.google.com
  John Stolzfus of Oppenheimer has the most bullish S&P 500 forecast for 2018, with a year-end price target of 3,000.
  He sees many of the positive drivers from 2017 continuing, such as slow-and-steady economic expansion, strong earnings growth and continued monetary accommodation.With nearly every market expert bullish on stocks heading into 2018, it's tough to stand out. But John Stoltzfus has managed to do it.
  The chief investment strategist at Oppenheimer just unveiled his year-end S&P
  
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