Sales & Marketing news

• Walmart and Amazon's long-simmering feud exploded in 2017 — and it's redefining retail

  15-12-2017 21:29 via feedproxy.google.com
  Amazon and Walmart competed more fiercely in 2017 than ever before.
  It has quickly become the biggest feud in retail — and possibly all of business.
  With all of the new features that have been unveiled, consumers are the clear winners.
   
  No feud in business was more solidified in 2017 than the one between Amazon and Walmart.
  Walmart has quickly moved into Amazon's turf, eating away at online market share with a revamped Walmart.com. It now has an expanded online assortment and featur
  
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• Ripple hires Facebook communications manager after its cryptocurrency triples in a week

  15-12-2017 21:29 via feedproxy.google.com
  Ripple's XRP cryptocurrency has more than tripled in one week. 
  The company hired a Facebook communications manager to keep up with demand. Ripple, the company behind the third-largest cryptocurrency, has hired Tom Channick to serve as its head of communications. Channick, who will start January 2, previously served as a corporate communications manager for Facebook's advertising and business integrity unit. 
  "I am honored to join Ripple, and very much look forward to w
  
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• Wall Street is obsessed with Tesla Model 3 production — but investors may be missing something more important (TSLA)

  15-12-2017 21:17 via feedproxy.google.com
  Morgan Stanley analysts Adam Jonas expects Tesla to deliver 8,000 Model 3s in the first quarter of 2018 and raise that 46,000 by the end of the year.
  No other automaker has so many people scrutinizing its ability to do something as fundamental as build cars.
  Delivery-fixated observers could miss some bigger questions about whether the Model 3 can be profitable.On balance, Tesla is closing out 2017 in defiantly counterintuitive fashion. The company is losing more money than ever and struggling t
  
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• Marco Rubio reverses course and gives the GOP a jolt of momentum on their massive tax bill

  15-12-2017 21:07 via feedproxy.google.com
  Sen. Marco Rubio said Friday he would vote for the GOP tax bill, reversing course from his stance a day earlier.
  Rubio wanted the child tax credit to become more generous for low-income families.
  The Republican tax writers increased the amount of the credit that can be refunded, placating Rubio.Sen. Marco Rubio said Friday that he will vote for the Republican tax bill, reversing course roughly 24 hours after threatening to vote against the bill.
  Rubio had fought for the child tax credit to be m
  
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• Facebook admits that social media can be bad for you (FB)

  15-12-2017 20:34 via feedproxy.google.com
  Facebook has acknowledged that too much social media can be damaging to people's mental health.
  The company is coming under increasing scrutiny about its impact on society.
  A former Facebook exec recently said social networks are "destroying how society works."Facebook acknowledged on Friday that too much social media can be bad for you, a remarkable admission as the 2-billion member online service battles mounting criticism about its impact on society.
  In a blog post published on Friday,
  
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• We're nearing 'peak media' as Americans consume over 12 hours a day

  15-12-2017 19:08 via feedproxy.google.com
  Business Insider's Henry Blodget and Sara Silverstein discuss the argument that we're nearing "peak media" in the US. According to a recent study, the average US adult spends 12 hours a day consuming tech and media, and Blodget says that's been driven by the rise of the internet. He doesn't see the amount of time used to consume media increasing meaningfully going forward.Join the conversation about this story »
  
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• Republicans are about to release their final tax bill — here's what to expect

  15-12-2017 18:36 via feedproxy.google.com
  Republicans are set on Friday to release the final text of the compromise version of their massive tax reform bill.
  The compromise bill, crafted by GOP members of the House and Senate tax committees, will feature a few changes from the previous versions.
  Republicans leaders want to vote on the bill as early as next Tuesday.Republicans are expected to release the final version of their massive tax bill on Friday, setting up a frantic stretch to pass the plan through Congress next week.
  The bill
  
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• There's a lot to learn about bitcoin from looking at the tulip bulb bubble

  15-12-2017 18:04 via feedproxy.google.com
  Tulipmania gripped the Netherlands in the 1600s as the price of tulip bulbs skyrocketed.
  Bitcoin has been compared to tulipmania.
  When the tulip bubble collapsed, much of the Dutch economy was unaffected, which is likely the case if bitcoin ever collapses, according to Capital Economics.
  Watch the price of bitcoin move in real time on Markets Insider.
  Tulipmania is a famous period in the 1600s when the Netherlands was enraptured by tulip bulbs, sending their prices sky high before collapsi
  
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• The 11 worst cities for homeowners if the GOP tax plan passes

  15-12-2017 17:59 via feedproxy.google.com
  Republicans have reached a preliminary agreement on their tax bill, meaning the US tax code could soon be overhauled.The tax bill would limit the property tax deduction to $10,000 a year; currently, homeowners can deduct their property tax in full.We compiled a list of the places where homeowners and prospective homebuyers are likely to be hit hardest if the tax bill is enacted.House and Senate Republicans on Wednesday came to a preliminary agreement on their final tax bill.
  The bill could affe
  
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• RBC: Nvidia's crypto boom isn't dead, it's just getting started (NVDA)

  15-12-2017 17:58 via feedproxy.google.com
  Some have argued that the boost Nvidia has seen from cryptocurrency mining is over, but one analyst thinks differently.
  Alt-coins have been exploding in value and could provide another big boost to Nvidia's bottom line.
  Watch Nvidia's stock price move in real time here.Some analysts have already called for the end of the crypto boom for Nvidia, but Mitch Steves, an analyst at RBC Capital Markets, thinks differently.
  "While the Ethereum market opportunity could fade, we are confident the market
  
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• TOP TECH ANALYST: Only one thing could stop the FANGs from skyrocketing in 2018 (FB, AAPL, NFLX, GOOGL)

  15-12-2017 17:56 via feedproxy.google.com
  Tech has outpaced the broader market by a wide margin in 2017.
  But it wasn't all smooth sailing, as many of the largest companies faced public and regulatory scrutiny along with company-level issues.
  Mark Mahaney, an analyst at RBC Capital Markets, told Markets Insider that he sees little risk to the future growth of the largest tech companies.Tech has been the fastest-growing sector this year, with the tech-heavy Nasdaq 100 nearly doubling the gains of the S&P 500.
  But tech has made its sh
  
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• PAUL KRUGMAN: Bitcoin is a more obvious bubble than housing was

  15-12-2017 17:48 via feedproxy.google.com
  Nobel prize-winning economist Paul Krugman talks to Business Insider senior political editor Josh Barro about bitcoin. Krugman says the price of bitcoin is helped by the fact that no one understands it and people are caught up in the mystique of this new technology. Following is a transcript of the video. 
  Josh Barro: Finally, I want to ask you about Bitcoin. Does the runup in bitcoin prices make any sense to you?
  Paul Krugman: No.
  Barro:  What's going on here?
  Krugman: Bitcoin, nobody
  
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• Centerview Partners has crushed 2017 — and its investment bankers are going to make a fortune in 2018 as well

  15-12-2017 17:37 via feedproxy.google.com
  Boutique investment bank Centerview Partners is having a monster year.
  It has advised on some of the biggest deals in 2017, including the $69 billion CVS-Aetna merger and Disney's $66 billion buyout of 21st Century Fox's film and TV assets. 
  With just 37 senior bankers on staff, the small firm is projected to pull in as much as $13.5 million per partner.In the first two weeks of December, two industry-shaking transactions hit the wire: CVS Healthcare announced a deal to acquire Aetna for $
  
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• CSX tumbles 7% after CEO goes on medical leave (CSX)

  15-12-2017 16:48 via feedproxy.google.com
  CSX shares fell on Friday after the company announced CEO Hunter Harrison has taken medical leave. 
  The company has appointed James Foote, its chief operating officer, as acting CEO. 
  CSX hired Harrison in March to help turnaround the company, and concerns had been raised about his health.
   
  Shares of the railroad-provider CSX Corporation tumbled in trading on Friday after the company announced that its CEO has taken medical leave. 
  Hunter Harrison experienced "unexpected co
  
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• Bitcoin cash falls after losing its title of 3rd most valuable crypto

  15-12-2017 16:43 via feedproxy.google.com
  Ripple's XRP overtook bitcoin cash to become the third most valuable cryptocurrency on Thursday.
  Bitcoin cash is falling on Friday after dropping a spot on the most valuable cryptocurrencies list.
  Ripple also fell slightly on Friday.
  Check out the live price of the top cryptocurrencies here.Bitcoin cash is down 9.83% in the 24 hours after losing its spot as the third most valuable cryptocurrency by market cap. 
  On Thursday, Ripple's XRP currency jumped about 78% to a market cap of $32
  
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• Former Facebook exec: I take back what I said about Facebook 'destroying society' — kinda

  15-12-2017 16:26 via feedproxy.google.com
  Former Facebook executive Chamath Palihapitiya said during a recent talk at Stanford that he feels guilty about what social media has done to society.
  His former employer, Facebook, pushed back on the assertion that social media has a negative impact on society.Palihapitiya took to his Facebook page on Thursday night to walk back some of his statements about Facebook and add more context to his remarks.The former Facebook executive who recently criticized social media for "destroying how societ
  
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• Former Facebook exec: I take back what I said about Facebook 'destroying how society works' — kinda

  15-12-2017 16:26 via feedproxy.google.com
  The former Facebook executive Chamath Palihapitiya said during a recent talk at Stanford that he felt guilty about what social media had done to society.
  Facebook has pushed back on the assertion that social media negatively affects society.On his Facebook page on Thursday night, Palihapitiya walked back some of his statements about Facebook and added more context to his remarks.The former Facebook executive who recently criticized social media for "destroying how society works" is walking back
  
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• Why bitcoin checks all the boxes of a bubble

  15-12-2017 16:19 via feedproxy.google.com
  Business Insider CEO Henry Blodget discusses the meteoric rise of bitcoin. He references a recent research note published by former Merrill Lynch chief investment strategist Richard Bernstein, who refers to the cryptocurrency as "bitcon." Blodget walks through Bernstein's assertion the bitcoin meets all five characteristics of a bubble: available liquidity, leverage, democratization, new issues and turnover. The good news for bitcoin speculators is that Bernstein thinks the rally will continue u
  
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• A photo from the CEO of Goldman Sachs is fueling Twitter takeover chatter (TWTR)

  15-12-2017 15:38 via feedproxy.google.com
  Twitter's stock surged as much as 7.3% on Thursday after Goldman Sachs CEO Lloyd Blankfein tweeted a picture of himself at the company's headquarters.
  Goldman had reportedly advised Twitter in takeover discussions with Disney last year, and the tweet fueled speculation that a deal could be in the works.
  Meanwhile, short sellers are scaling back bearish bets on Twitter.Traders are piling back onto the Twitter bandwagon.
  The company's stock surged as much as 7.3% on Thursday, closing at its highe
  
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• JPMorgan's bond market awards for 2017

  15-12-2017 12:45 via feedproxy.google.com
  Each year, JPMorgan makes an annual tongue-in-cheek list of bond market awards.
  The bank named Jay Powell the central banker the year while giving Janet Yellen the lifetime achievement award.
  Check out all of the awards below.
   
  JPMorgan makes an annual tongue-in-cheek list of bond market awards. Here it is for 2017...
  Bond of the Year – Veolia 0% due 11/20. It’s not that a BBB-rated French company was able to borrow at ZERO percent, it’s that they actually charged lender
  
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• 10 things you need to know today (SPY, SPX, QQQ, DIA, ORCL, JPM, DIX, FOXA)

  15-12-2017 12:40 via feedproxy.google.com
  Here is what you need to know.
  The FCC repeals net neutrality. The Federal Communications Commission voted 3 to 2 in favor of repealing net neutrality, which paves the way for broadband providers to sell different tiers of internet service but which critics say will leave consumers and web startups at the mercy of the big telecommunications companies.
  JPMorgan sets its S&P 500 target for 2018. The JPMorgan quant guru Marko Kolanovic set his year-end 2018 target for the S&P 500 at 3,000 &
  
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• 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, ORCL, JPM, DIX, FOXA)

  15-12-2017 12:40 via feedproxy.google.com
  Here is what you need to know. 
  The FCC repeals net neutrality. The Federal Communications Commission voted 3 to 2 in favor of repealing net neutrality, which paves the way for broadband providers to sell different tiers of internet service but which critics say will leave consumers and web startups at the mercy of the big telecommunications companies.
  JPMorgan sets its S&P 500 target for 2018 target. JPMorgan quat guru Marko Kolanovic set his year-end 2018 target for the S&am
  
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• Aldi, M&S, Disney: 5 things that mattered this week and why

  15-12-2017 12:16
  Brits flock to Aldi in the run up to Christmas
  Aldi reclaimed its crown as Britain’s fastest growing supermarket during the 12 weeks to 3 December, according to the latest data from Kantar Worldpanel this week.
  The German discounter grew sales by 15.1% year on year, ahead of Lidl’s 14.5% sales growth. And with like-for-like grocery inflation now standing at 3.6%, its highest level since 2013, this looks to be leading more people to consider the cheaper German discounters.
  The Kantar
  
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• JPMorgan's quant guru says traders are waiting for tax cuts to unleash more stock market gains

  15-12-2017 12:03 via feedproxy.google.com
  The US stock market is not even close to pricing in the full positive effect of a successful GOP tax bill, says the JPMorgan quant guru Marko Kolanovic.
  The firm has a 2018 year-end price target of 3,000 for the S&P 500, which ties it with Oppenheimer as the most bullish on Wall Street.
  JPMorgan also forecasts that volatility will rebound from near-record levels next year, and it sees tail risks mounting in the second half.Despite already sitting close to record levels, US stocks are a slee
  
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• JPMorgan's quant guru says there are still huge stock gains to come

  15-12-2017 12:03 via feedproxy.google.com
  The US stock market is not even close to pricing in the full positive effect of a successful GOP tax bill, says JPMorgan quant guru Marko Kolanovic.
  The firm has a 2018 year-end price target of 3,000 for the S&P 500, which ties it with Oppenheimer as the most bullish on Wall Street.
  JPMorgan also forecasts that volatility will rebound from near-record levels next year, and it sees tail risks mounting in the second half.Despite already sitting close to record levels, US stocks are a sleeping
  
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• Richard Shotton: Consumers trust precise prices mean a fairer deal

  15-12-2017 09:56
  In 1896, Henry J Heinz was travelling across New York by train when an ad caught his eye. It was for a shoe shop which proudly boasted that it had 21 styles of shoe. He was so taken with the idea that he began emblazoning his packaging with the claim that his company had 57 varieties. In fact, his company had far more, but he was untroubled by this fact – it was the precision that he loved.
  But what if Heinz was starting his company today? Would he still plump for the iconic 57? Or would
  
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• Zalando uses partner scheme to ward off Amazon

  15-12-2017 01:00 via warc.com
  BERLIN: Amazon is making inroads in Europe, having signed up more than 350 brands in the past year, but German rival Zalando is fighting back by growing its already extensive partnership initiative.Zalando, which has grown into an online fashion...
  
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• UK start-up revolutionises loyalty schemes

  15-12-2017 01:00 via warc.com
  LONDON: Tech start-up Yoyo Wallet, a cashless payment app, has built up 700,000 registered users since its launch in 2013, in large part because of its innovative approach to customer loyalty.Key to its success has been the recognition that it...
  
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• Twitter taps sports content in Asia Pacific

  15-12-2017 01:00 via warc.com
  SINGAPORE: Twitter is ramping up its involvement in live sports in Asia Pacific with the expectation that sports bodies prefer it to the likes of Amazon and Facebook.The company has been keen to promote itself as the go-to platform for...
  
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• Tencent Music dwarfs rivals in China

  15-12-2017 01:00 via warc.com
  SHENZHEN: Tencent Music, a streaming and download service, is expected to raise a minimum of $1bn at its IPO next year and, with twice as many subscribers as Spotify, the service looks to push out competition from both Apple and Spotify in China. ...
  
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• T-Mobile will launch internet TV in 2018

  15-12-2017 01:00 via warc.com
  WASHINGTON DC: T-Mobile, the mobile telecoms brand owned by Deutsche Telekom, has announced plans to launch its own disruptive TV service across the US in 2018 after acquiring start-up Layer3 TV for an undisclosed sum.Layer3 TV, which was founded...
  
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• Media chiefs attack Google, Facebook

  15-12-2017 01:00 via warc.com
  NEW YORK: The media ecosystem is increasingly fragmented with Google and Facebook taking the majority of digital ad dollars, and this will require successful media companies to develop new ways of generating revenue from many sources.That is the...
  
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• Marriott ties social to customer journey

  15-12-2017 01:00 via warc.com
  CHICAGO: Marriott International, the hotels and hospitality company, is leveraging social media throughout the customer journey as it seeks to maximise the returns from this unique channel.Alex Stein, Director/Marketing and Social Media Analytics...
  
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