Sales & Marketing news

• Warren Buffett dropped GE and signaled the end of an era (BRK.A, GE)

  30-12-2017 20:00 via feedproxy.google.com
  Warren Buffett cashed out of his $315 million position in General Electric, signaling the end of an era and an uncertain future for the $217 billion conglomerate.
  The company has underperformed in recent years. While the S&P 500 returned more than 35% to investors over the past three years, GE returned less than 9%.
  The company's problems won't easily be fixed, according to analysts.Warren Buffett is out on General Electric.
  During the second quarter — as the sprawling conglomerate con
  
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• Why Jefferies is surging and snatching back business from Wall Street's top investment banks (LUK)

  30-12-2017 18:50 via feedproxy.google.com
  Jefferies on Tuesday reported record earnings, driven by a strong year from its investment bank.
  It's part of a resurgence for the firm, which jumped two spots to ninth in US investment banking revenue.
  Investing in talent in recent years while others retreated has helped the bank snatch back market share, as has growing its business with private-equity firms.
  "If you do nothing too stupid or arrogant during the good times, you can take advantage during the bad times," CEO Rich Handler told Busi
  
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• A college student with a life-threatening illness used Make-A-Wish to meet JPMorgan CEO Jamie Dimon

  30-12-2017 17:21 via feedproxy.google.com
  After being diagnosed with cancer in high school, Sean Korpal was granted a wish by the Make-A-Wish Foundation.
  Korpal, who had developed a childhood hobby and passion for stock trading and investing, ultimately decided to head to Wall Street and meet JPMorgan CEO Jamie Dimon.
   
  One year ago, college sophomore Sean Korpal and his family stepped out of a limo in front of the towering office building at 270 Park Avenue in Midtown Manhattan. They were met by security guards, who ushered them i
  
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• There's a simple formula that explains how Nike lost its sneaker mojo (NKE)

  30-12-2017 16:41 via feedproxy.google.com
  Nike has had a problem with its Jordan brand recently.
  There is a simple formula that explains how Nike came to this problem, and how it can fix it.
  The problem probably can be traced back to decisions made years ago.
   
  In 1987, Nike partnered with then-rookie Michael Jordan and released the first Air Jordan, which forever changed the shoe industry. Nike's crown as king of the sneaker market lasted until just recently when the unthinkable happened and the brand suddenly lost its "cool
  
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• Tesla will face huge challenges in 2018 — and it could put the company under crushing pressure (TSLA)

  30-12-2017 14:57 via feedproxy.google.com
  Tesla will face major challenges as it becomes a mass-market automaker.
  The challenges range from CEO Elon Musk's workload to the arrival of new competitors.
  Tesla is preparing to meet these challenges, but it might not surmount them all.Tesla had a wild ride in 2017. The company is worth more than ever, passing Ford and Fiat Chrysler Automobiles in market capitalization and threatening General Motors.
  But the "production hell" of a sluggish Model 3 roll-out has tested the patience of customers
  
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• Bitcoin went bonkers in 2017 — here's what happened as the cryptocurrency surged more than 1000%

  30-12-2017 14:57 via feedproxy.google.com
  Bitcoin, the red-hot cryptocurrency, had a wild run in 2017. 
  Here's a look back at some of the significant events that drove big price swings in the market known for extreme volatility. To say bitcoin had a wild 2017 would be an understatement. The digital currency, which started the year under $1,000, has skyrocketed by more than 1,300% to more than $14,500 by December 29 — a rise that's grabbed the attention of Wall Street.  That climb was marked by extreme volatilit
  
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• California's cannabis market is expected to soar to $5.1 billion — and it's going to be bigger than beer

  30-12-2017 14:35 via feedproxy.google.com
  California is set to begin sales of recreational marijuana on January 1.
  The market is expected to hit $3.7 billion in 2018 alone, and that number will increase to over $5 billion in 2019.
  Legal marijuana will be a tax windfall for the state.
   
  Recreational cannabis sales are set to begin in California on January 1 — and the market is expected to haul in billions in revenue next year as dispensaries roll out across the state.
  A report from the cannabis industry research firm BDS Analy
  
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• 23 startups that became unicorns in 2017, scoring valuations of $1 billion or more

  30-12-2017 14:30 via feedproxy.google.com
  Once upon a time, a startup worth $1 billion or more was considered to be a rare, almost mythical thing — a unicorn. But in the past few years, unicorns have become far more plentiful, more like horses.
  A year ago, the venture capital industry looked like it was going to tighten its belt and bring valuations back to earth. But in 2017, venture investment continued to flow heavily and is on track to match or exceed dollars deployed in 2016, says PitchBook, a database that tracks such d
  
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• These are 7 of the hottest startups that launched in 2017 (AAPL, GOOGL, AMZN)

  30-12-2017 14:00 via feedproxy.google.com
  This year has been a tough one for many young companies.But the problems faced by the founders, investors, and managers of companies such as Uber, Snap, and Blue Apron hasn't dissuaded other entrepreneurs from building new companies with the hope of disrupting existing industries or garnering a coveted billion-dollar unicorn valuation. 
  Among the rookies were these seven companies, all of which either raised their first round of funding or launched their first product in 2017. Each company
  
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