Sales & Marketing news

• We talked to JPMorgan CEO Jamie Dimon about the bank's $20 billion investment in the US, the economy, and why he won't run for office

  18-02-2018 21:33 via feedproxy.google.com
  Business Insider caught up with JPMorgan Chase CEO Jamie Dimon on Tuesday in the South Bronx, where the bank was announcing the expansion of its Entrepreneurs of Color Fund.
  We asked him about inflation concerns, the bank's five-year, $20 billion investment in the US, and its healthcare initiative with Amazon and Berkshire Hathaway.
  He also talked about the role corporations had to play in their community, saying as long as the bank was doing well "we always participate in the community, just li
  
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• There's something about Trump's infrastructure plan that's eerily reminiscent of his real estate deals

  18-02-2018 21:32 via feedproxy.google.com
  President Donald Trump's infrastructure plan is widely seen as committing far too few federal dollars — just $200 billion — to rebuild the country's outdated infrastructure.
  Trump's budget also includes "deep cuts to programs in the same agencies that would receive new grant-making authority under his infrastructure proposal," according to Jacob Leibenluft, senior advisor at the Center for Budget and Policy Priorities.
  Economist Paul Krugman says, "It's not a plan, it's a s
  
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• BlackRock is using robots to better predict the future of the economy

  18-02-2018 21:10 via feedproxy.google.com
  BlackRock's Macro GPS tool is designed as an improvement to traditional economic indicators, and is intended to give investors a more forward-looking outlook.
  The firm is using the big data quantitative insights provided by its Systematic Active Equity team to further hone the GPS indicator.Economic data can be a double-edged sword for investors.
  Sure, it serves an valuable input for traders deciding where to put their money, but it's also largely backwards-looking. So while it's undoubtedl
  
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• Warren Buffett just made life miserable for one group of investors

  18-02-2018 20:12 via feedproxy.google.com
  Warren Buffett and Berkshire Hathaway disclosed an almost $400 million stake in Teva Pharmaceutical after the market close on Wednesday, sending the shares soaring.
  The big stock increase crushed short sellers, who were sitting on a position of more than $1.2 billion when the news hit.Warren Buffett's almost $400 million investment in Teva Pharmaceutical made a lot of investors quite a bit of money Wednesday as the company's American deposit receipts surged 11% in after-market trading.
  Another g
  
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• GOLDMAN SACHS: These 17 stocks offer the best bargains in the market right now

  18-02-2018 19:16 via feedproxy.google.com
  The equity market correction has created plentiful opportunities in stocks that are now trading at their most attractive valuations in months. 
  Goldman Sachs has singled out the 17 companies that are the most mispriced, relative to their beta-implied return since the selloff started.Big selloffs create big opportunities.
  It's a tried and true tenet of the stock market, and one that's highly relevant to the situation currently unfolding in markets on the heels of recent turbulence. With all
  
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• ALBERT EDWARDS: There's a hidden risk that could accelerate the collapse of the market's long-running 'financial Ponzi scheme'

  18-02-2018 18:09 via feedproxy.google.com
  Notoriously bearish Societe Generale strategist Albert Edwards used Wednesday's surprisingly strong inflation data to argue a market reckoning is imminent.
  He's particularly worried about a possible breakout in the Japanese yen versus a US dollar that's already weak and being blamed for worsening inflationary pressures.One of Wall Street's most outspoken bears used Wednesday's surprisingly strong inflation data as an opportunity to criticize what he sees as "ludicrously timed" fiscal stimulus.
  T
  
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• Goldman Sachs CEO gives Trump credit for the economy, says it's better than if Hillary Clinton won (GS)

  18-02-2018 18:05 via feedproxy.google.com
  Goldman Sachs CEO Lloyd Blankfein told CNNMoney that the economy is better off under President Donald Trump than it would have been under Hillary Clinton. 
  Blankfein noted he had supported Clinton's White House bid. 
  Business confidence has surged under Trump as the administration has cut corporate taxes and pledged to roll back regulations. The US economy is better off under President Donald Trump that it would have been under Hillary Clinton, according to Lloyd Blankfein, the CE
  
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• 'Black Panther' shatters box office records, scores a huge $218 million Presidents' Day weekend (DIS)

  18-02-2018 17:35 via feedproxy.google.com
  "Black Panther" earned the best-ever opening weekend at the box office ever for February with $192 million over three days and $218.2 million over the four-day Presidents' Day weekend.It's also the fifth-best opening ever for a three-day and four-day opening weekend, beating out 2015's "Avengers: Age of Ultron."
  It looks like everyone took a trip to Wakanda this weekend.
  Marvel's long-awaited release of "Black Panther" opened over the weekend and exceeded all domestic box office industry project
  
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• The world is minting millionaires quicker than Goldman Sachs can keep up with them — and it's making a fortune off of them (GS)

  18-02-2018 17:20 via feedproxy.google.com
  Goldman Sachs' private wealth management business is bustling, adding $17 billion in long-term assets in 2017.
  The firm's 700 wealth advisers each generate a staggering $4.5 million in revenue on average.
  CEO Lloyd Blankfein expects the business to keep growing as the world continues to churn out more millionaires.
  "The world seems to be growing rich people faster than we can grow advisers to cover them," Blankfein said. Business is good if you're a wealth adviser at Goldman Sachs, as milli
  
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• The stock market's worst-case scenario is playing out

  18-02-2018 17:14 via feedproxy.google.com
  Inflation in January rose by more than economists expected, a report from the Bureau of Labor Statistics showed Wednesday.
  That spurred immediate selling in equities and a spike in Treasury bond yields.
  The market's snap reaction shows just how much risk stocks face amid the prospect of higher inflation.Just when it looked as if the US stock market was picking itself up off the mat after suffering a sharp correction, it got the worst possible news: Inflation rose by more than expected in January
  
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• Inside JPMorgan's big contrarian bet on brick-and-mortar bank branches (JPM)

  18-02-2018 16:40 via feedproxy.google.com
  Banks are closing retail branches at a record pace, shuttering 1,700 in the 12 months that ended in June.
  But JPMorgan last month announced plans to expand its branch network, adding 400 locations in 15 to 20 new markets.The company recently promoted Pam Codispoti, the creator of the Chase Sapphire Reserve, to run its retail branch network.
  Seeking to make branches more appealing to millennials, she'll draw on her playbook that made the Sapphire Reserve such a success.
  That includes the launch o
  
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• Wall Street’s favorite new thing to worry about may already be in the rearview mirror

  18-02-2018 16:21 via feedproxy.google.com
   
  Wall Street is worried stronger wage growth will lead the Federal Reserve to raise interest rates more quickly.
  Evidence from the Atlanta Fed's Wage Growth Tracker suggests the rate of increase in earnings peaked in 2016 and has been declining since. 
  David Blanchflower, a former Bank of England member, tells Business Insider the unemployment rate could fall a lot further before generating undue inflation.
  He thinks the Fed should stop raising interest rates now, or risk undermining
  
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• Morgan Stanley's US equity chief explains why the recent meltdown signaled the 'final stage' of the bull market

  18-02-2018 16:12 via feedproxy.google.com
  Morgan Stanley's chief US equity strategist, Mike Wilson, says stocks have entered the final stage of their almost nine-year bull-market run.
  In a wide-ranging discussion, Wilson outlined his views on the market cycle, broke down his 2018 forecast, opined on the much-maligned short-volatility trade, and predicted how stock pickers would fare in the coming months.The stock market's recent sell-off was enough to throw any expert off-balance. While many pundits had been calling for some sort of rec
  
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• There's a 'yellow light flashing' in the economy — and it poses a threat to the stock market

  18-02-2018 16:00 via feedproxy.google.com
  Global markets have stabilized on hopes of continued strong economic growth in the United States and overseas, but pockets of worry remain. 
  Erik Nielsen, UniCredit's global chief economist, tells us he sees two main roadblocks to ongoing prosperity — strapped consumers and overleveraged firms. 
  "Maybe the US economy is in more trouble than people appreciate," he told Business Insider. "The US has become increasingly fragile because households have been depleting their savings to
  
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• Apple's 'white ring' problem reflects a surprising lapse in quality control, but industrial design experts say it shouldn't be too hard to fix (AAPL)

  18-02-2018 15:30 via feedproxy.google.com
  The "white ring" problem that affects Apple HomePods placed on certain kinds of wood furniture is an embarrassing snafu for a company that prides itself on attention to detail. 
  Although the problem relates to the interaction between silicone and wood and does not appear to be Apple-specific, some industrial design experts that Business Insider spoke to were surprise that Apple didn't catch the issue in quality assurance testing. 
  Fixing the problem is probably not very costly, but cou
  
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• The stock market is in a bubble — just not the kind we're used to seeing

  18-02-2018 15:11 via feedproxy.google.com
  Grantham Mayo Van Otterloo cross-asset strategist James Montier argues the stock market is in a bubble, but not the type that's normally seen.
  Montier says bubbles can form even without the extreme emotions that have historically characterized them.Conventional market wisdom suggests in order for an asset to swell into bubble territory, investors have to be overconfident to the point of euphoria.
  That very idea has led equity bull market defenders to argue the absence of such sentiment means we'
  
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• Chipotle's founder could be the biggest problem the struggling chain's new CEO has to tackle (CMG)

  18-02-2018 15:08 via feedproxy.google.com
  Chipotle's founder, Steve Ells, is stepping down as CEO, and Taco Bell's CEO Brian Niccol is taking over as chief executive. 
  The new CEO's success will be "directly related" to the freedom he is given."Niccol will likely face an uphill battle in uprooting some of that heritage, as he’s stepping into a role occupied by a founder for the past 25 years," one analyst told Business Insider. 
   
  Chipotle's new CEO's biggest challenge could be taking on the chain's founder.&nb
  
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