Sales & Marketing news

• BAML: The Fed is doing something not seen since the 1987 market crash — and that could mean more pain for stocks

  11-02-2018 18:12 via feedproxy.google.com
  With the stock market struggling through a tough week of losses, Bank of America Merrill Lynch says the Fed could be doing more to allay concerns.
  The Fed has been continuing down the hawkish path it's been signaling for months, selling Treasurys and becoming a "buyer of volatility" for the first time since 1987, BAML says.The US stock market is in serious trouble, and the Federal Reserve isn't helping matters.
  Bank of America Merrill Lynch pointed out that policy action from the Fed helped
  
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• 'Fifty Shades Freed' dominates the weekend box office with $38.8 million (CMCSA)

  11-02-2018 17:44 via feedproxy.google.com
  "Fifty Shades Freed" is the last movie in the trilogy adapting the popular E.L. James books.
  It won the weekend box office with an estimated $38.8 million.
  The franchise has already taken in $1 billion at the global box office for Universal.With the release of "Fifty Shades Freed," the third movie in Universal's "Fifty Shades" trilogy, based on the popular erotic E.L. James books, we have now hit the end of the franchise. Despite not being a favorite of critics, it gave a boost for the February
  
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• Goldman Sachs is trying to build the ultimate financial destination for the masses (GS)

  11-02-2018 17:35 via feedproxy.google.com
  For most of its nearly 150-year history, Goldman Sachs has catered to the ultra wealthy.
  But the bank has been rapidly expanding services for Main Street consumers in the past two years under its Marcus brand.
  On Wednesday, the bank was reported to be in talks to acquire Clarity Money, a startup that uses artificial intelligence to help you cancel unwanted subscriptions, stay under budget, and keep on top of your investments.
  It's also reportedly in talks to provide financing for Apple iPho
  
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• Wall Street lays out the case for a comeback that would quickly erase the stock market's plunge

  11-02-2018 17:25 via feedproxy.google.com
  Several analysts on Wall Street say the recent stock market plunge had little to do with economic fundamentals. 
  Some have pointed to investors who — a little too late — rushed to unwind a trade that had bet on low volatility in the stock market.
  And so, they're advising investors to "buy the dip," but be braced for more volatility. Monday's dramatic selloff that wiped out the stock market's gains for the year showed that fear and volatility are back on Wall Street.
  But jus
  
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• JPMorgan has found a trigger for the next big market collapse

  11-02-2018 17:16 via feedproxy.google.com
  JPMorgan says something sinister is brewing in markets amid massive turbulence as stocks and bonds trade increasingly in tandem.
  The problem stems from the practices of risk-parity and balanced mutual funds, which are forced to de-risk when big fluctuations occur, which can put stress on markets.JPMorgan has noticed a big shift in markets that should have any investor worried.
  Yes, traders are clearly already spooked, as evidenced by Thursday's massive 1,000-point drop in the Dow Jones industria
  
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• The former Target manager who made millions on a trade that just blew up refuses to throw in the towel

  11-02-2018 17:09 via feedproxy.google.com
  Seth Golden, a former Target manager, said last year that he'd made millions shorting the Cboe Volatility Index (VIX).
  After this week's market meltdown, there was some concern over Golden's status, but he says he's just fine and continuing to bet against the VIX.As the stock market suffered through its worst stretch in years earlier this week, readers of Business Insider kept asking one interesting question: What on earth does this mean for Seth Golden?
  They're referring, of course, to the Ocal
  
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• Carl Icahn says there's a dangerous bubble in the hottest investment products on the market

  11-02-2018 16:30 via feedproxy.google.com
  Billionaire investor Carl Icahn told CNBC that the selloff in stocks exposed issues with passive investment products. 
  "Passive investing is the bubble right now, and that's a great danger," he said. 
  The recent drop in stocks is "just the beginning of rumblings of an earthquake," he said, adding that it's fruitless to try and predict the next crash.Billionaire investor Carl Icahn said Tuesday that the selloff in stocks exposed problems with passive investment vehicles that h
  
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• IPO bankers are unfazed by the mayhem in the markets

  11-02-2018 16:27 via feedproxy.google.com
  Bankers who help run initial public offerings aren't sweating the recent market turmoil.
  Though the stock market cratered in recent days and volatility has spiked, senior bankers don't expect equity capital markets to be materially impacted.
  “We expect the IPO markets to remain open to quality issuers around the world,” Tyler Dickson, Global Head of Capital Markets Origination at Citi, told Business Insider.Bankers responsible for running initial public offerings aren't concerne
  
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• There are 2 reasons why the volatility explosion that rocked markets won't happen again anytime soon

  11-02-2018 16:12 via feedproxy.google.com
  A spike in volatility exacerbated the worst stock market selloff in years earlier this week.
  Goldman Sachs highlights two reasons why volatility is now less likely to wreak that type of havoc on the equity market anytime soon.The volatility spike that accompanied this week's market meltdown poured gasoline on an already-raging fire. And while that surge in the Cboe Volatility Index (VIX) made life even more hectic for stock traders, its massive move isn't likely to repeat it self anytime soon.
  B
  
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• ALLIANCEBERNSTEIN: Here are 17 stocks you might want to buy when the stock market gets rocky

  11-02-2018 16:01 via feedproxy.google.com
  Although heavy selling has engulfed US stock markets over the past several weeks, that does not mean investors should exit the market completely, an AllianceBernstein quantitative research team led by Ann Larson wrote in a note sent out to clients earlier this week.
  Both the Dow Jones industrial average and the S&P 500 tumbled into correction territory as selling on Thursday pushed their slides from all-time highs in excess of 10%. Additionally, the Cboe Volatility Index spiked as high as 3
  
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• Trump doesn't seem to understand some key elements of the stock market rally

  11-02-2018 15:17 via feedproxy.google.com
  President Donald Trump tweeted Wednesday that a strong economy should be pushing stocks higher, and he called the market's recent decline a "big mistake."
  His tweet suggests he doesn't fully understand the dynamics that drive and have been driving the stock market during his term.Before President Donald Trump tweets any more about the stock market, perhaps a lesson is in order.
  On Wednesday, the president addressed the equity market on Twitter for the first time since a brutal sell-off that, at
  
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• Buffalo Wild Wings was sucked into a downward spiral as millennials ditched the chain — but the new CEO has a plan for a comeback

  11-02-2018 15:07 via feedproxy.google.com
  Arby's parent company Roark Capital Group completed its $2.9 billion acquisition of struggling Buffalo Wild Wings on Monday. 
  Paul Brown, who led Arby's turnaround, will be CEO of the newly formed operating company that will oversee both Buffalo Wild Wings and Arby's.Brown told Business Insider that the major changes on Buffalo Wild Wings' horizon include new menu and marketing strategies. 
  The biggest problem Brown says he has to solve: Buffalo Wild Wings lost what made it unique
  
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• Bank of America is investigating the deal with a South African retailer that blew a $1 billion hole through Wall Street bank earnings (BAC)

  11-02-2018 15:05 via feedproxy.google.com
  A handful of banks made a loan to the ex-chairman of South African retailer Steinhoff International
  The loan went belly-up after Steinhoff became embroiled in an accounting scandal.
  That cost Wall Street banks over $1 billion on their fourth-quarter earnings.
  Bank of America has hired an outside law firm to figure out whether the losses could've been prevented, according to The Wall Street Journal. A bad loan to the ex-chairman of embattled South African retailer Steinhoff International cos
  
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• Meet the $12 billion investor who's beat the market since the financial crisis mostly by ignoring it (OPPAX)

  11-02-2018 14:19 via feedproxy.google.com
  Oppenheimer Global Fund, a $12 billion portfolio of large-cap global stocks, has outperformed its MSCI benchmark since 2008. 
  But in picking what stocks go into the fund, portfolio manager John Delano pays little attention to what's happening to the benchmark. 
  "We have an acronym — MANTRA — which stands for Mass Affluence, New Technology, Restructuring and Aging," he told Business Insider.  Ignoring your benchmark is one way to consistently beat it.
  At least, tha
  
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• The Fed is officially in a nail-biting showdown with Wall Street

  11-02-2018 12:00 via feedproxy.google.com
  After years of being able to count on low interest rates, market participants now face uncertainty about how the Federal Reserve could react to the possibility of higher inflation.
  This concern was a driving factor of the stock market's correction.
  The sell-off coincided with a changing of the guard at the helm of the central bank.Federal Reserve Chair Jerome Powell had quite an eventful first week on the job. 
  It coincided with the worst week for the stock market in two years, which s
  
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