Sales & Marketing news

• Wall Street's gotten obsessed with how Amazon could upend everything (AMZN)

  11-03-2018 21:38 via feedproxy.google.com
  In the past week, there has been a flurry of analysis from Wall Street on how Amazon could affect various industries, including banking, healthcare, logistics, and online travel.
  All the analyses are at least partly based on Amazon's flywheel model built on offering "Earth's biggest selection," using scale to lower the cost of goods and delivery, and providing a great customer experience.
  Through this lens, it appears there are few businesses Amazon couldn't upend.
  It seems Wall Street has a new
  
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• Boeing's struggling Air Force tanker program may be headed for more trouble

  11-03-2018 18:28 via feedproxy.google.com
  Boeing's struggling Air Force tanker program may be headed for more troubleSEE ALSO: The Air Force is still grappling with a personnel shortage — and one part of the solution can't be rushed
  Join the conversation about this story »NOW WATCH: Here's how the US military refuels B-52 warplanes in midair
  
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• GOLDMAN SACHS: Here are the 5 ways companies can win their escalating battle with higher rates

  11-03-2018 18:14 via feedproxy.google.com
  Goldman Sachs has some ideas for how companies can offset higher rates by pursuing internal growth.
  The firm sees 4% as a crucial threshold for the US 10-year Treasury yield.
  If US companies are going to withstand the pressure of Federal Reserve monetary tightening, they're going to have to grow.
  So says Goldman Sachs, which sees 4% as a crucial threshold for the US 10-year Treasury yield. If rates exceed 4%, the firm estimates, companies will have to generate 200 basis points of medium-term gro
  
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• An inside look at CVS' $40 billion bond deal, one of the biggest of all time, from the lead bankers' perspective

  11-03-2018 18:12 via feedproxy.google.com
  CVS completed a $40 billion bond offering earlier this week, and will use the proceeds to finance its pending $69 billion acquisition of Aetna.
  Business Insider spoke with two Barclays bankers that ran point on the deal to get the inside story around the third-biggest debt offering in history.
  CVS Health caught the attention of the entire investment community earlier this week when it completed a $40 billion debt financing in order to fund its massive $69 billion acquisition of Ae
  
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• $35 billion hedge fund Millennium Management has hired a top trader from Citigroup

  11-03-2018 17:41 via feedproxy.google.com
  Sebastian Ridd, who had been head of program trading and cash trading in the US at Citigroup, is joining giant hedge fund Millennium Management.
  His departure from Citigroup, along with that of global head of cash trading Armando Diaz, represents a shift at the top of the US bank's stock trading business. 
  Millennium Management, the $35.7 billion hedge fund giant, has hired a top trader away from Citigroup. 
  Sebastian Ridd, head of program trading and cash trading in the US a
  
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• 'We all better listen up': The CEO of an FX trading firm says Wall Street needs to pay attention to the breakneck growth of crypto exchanges

  11-03-2018 17:35 via feedproxy.google.com
  Cryptocurrency exchanges are growing fast thanks to the booming market for digital coins. 
  That has David Mercer, the CEO of LMAX Exchange, a foreign exchange trading firm, warning Wall Street that crypto exchanges might soon come after their respective businesses.
  Some of most powerful people on Wall Street have derided cryptocurrencies as a "fraud," "bleeding edge," and as a "bubble."
  But it might be cryptocurrency companies that have the last laugh, according to David Mercer, the chief e
  
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• Bank of America's new Americas head of prime brokerage was an actress, model, writer and MTV VJ before Wall Street (BAC)

  11-03-2018 17:15 via feedproxy.google.com
  Bank of America Merrill Lynch has promoted Kim Stolz to head of prime-brokerage sales in the Americas.
  She has an unorthodox pre-Wall Street résumé: Stolz is a former model, actress, and published author. 
  The appointment comes in the wake of sexual misconduct allegations against a senior banker.
  Bank of America Merrill Lynch has promoted a new senior banker in its prime-brokerage unit.
  Kim Stolz, a managing director who was previously based in London as the head of equity der
  
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• Companies with more female executives make more money, Bank of America says

  11-03-2018 17:09 via feedproxy.google.com
  Bank of America Merrill Lynch crunched the numbers and found that companies with a higher share of women holding executive positions had historically outperformed.
  The firm also says those companies experienced less stock price and earnings volatility.
  Bank of America Merrill Lynch has a solution for any company looking to boost the bottom line: Appoint more women to executive positions.
  Over the past seven years, S&P 500 companies where at least 25% of executives were female generated highe
  
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• How a harshly-worded email from Stitch Fix CEO Katrina Lake convinced Uber investor Bill Gurley to push Travis Kalanick out

  11-03-2018 17:00 via feedproxy.google.com
  Uber's spectacular meltdown in 2017 pitted two legendary tech personalities against each other.
  Business Insider has the inside story of how Benchmark partner Bill Gurley, one of Uber's first backers, turned on CEO Travis Kalanick.
  The clash between the two individuals broke one of Silicon Valley's most sacred rules and it's stil unclear how the reputational consequences will shake out. 
  Read the full story: THE TAKEDOWN OF TRAVIS KALANICK: The untold story of Uber's infighting, backstabbin
  
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• The CEO of JPMorgan's giant investment bank says a 40% correction could be on the horizon — here's how it could happen (JPM)

  11-03-2018 16:59 via feedproxy.google.com
  The market correction in February 2018 may be mere child's play compared with what's looming on the horizon.
  Daniel Pinto, JPMorgan co-COO and head of corporate and investment banking, says a 30% to 40% correction is possible in the next couple years.
  It was only a month ago, but the wild stock market gyrations in early February have already seemingly faded into a distant memory.
  Despite a record one-day point decline on the Dow Jones index, many Wall Street experts believe the sell-off was
  
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• In a Disney-dominant weekend, 'Black Panther' edges out 'A Wrinkle in Time' to win the box office — and pass $1 billion globally (DIS)

  11-03-2018 16:51 via feedproxy.google.com
  "Black Panther" wins the weekend domestic box office for a fourth straight weekend with an estimated $41.1 million.
  The movie has now passed $1 billion globally in just 26 days.
  "A Wrinkle in Time" came in second place with $33.3 million.
  In an extremely rare occurrence, the top two box office winners are directed by black filmmakers.This weekend proved not just the lasting power of "Black Panther" but that a Hollywood studio like Disney can release multiple diversely told stories in theaters at
  
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• Meet the Rockefeller family's new rainmaker

  11-03-2018 16:36 via feedproxy.google.com
  The Wall Street rainmaker Greg Fleming is the CEO of the Rockefeller family's new investment firm, Rockefeller Capital Management.
  Fleming is counting on the cachet of the Rockefeller name to help in growing the firm from $18.5 billion in assets under management to $100 billion.
  He also believes the Rockefeller philanthropic legacy will help in courting millennial customers, who increasingly demand social impact from corporations.
  "My 84-year-old father, my 18-year-old son, and me in the middle,
  
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• The former Target manager who made millions in a trade that just blew up wants you to know he's doing just fine

  11-03-2018 16:11 via feedproxy.google.com
  Seth Golden rose to fame in financial circles following reports that he'd made millions shorting volatility.
  When the stock market went haywire in early February, sending the Cboe Volatility Index surging, many Business Insider readers wondered how Golden had fared.
  He wants to let everyone know that he emerged from the market blowup largely unscathed, and he has provided an explanation of how that's possible.
  Seth Golden's life irrevocably changed in 2011 when someone emailed him the prospectus
  
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• THE TAKEDOWN OF TRAVIS KALANICK: The untold story of Uber's infighting, backstabbing, and multi-million-dollar exit packages

  11-03-2018 15:24 via feedproxy.google.com
  Twenty-four hours before Travis Kalanick would make a snap decision that would ultimately force him out of his job, the Uber CEO was relaxing at a rented house in Malibu with several friends.
  It was a Sunday afternoon and he was ready for a nap. But as his eyes began to close his phone buzzed.
  "Have you seen this?" a friend asked, sending a link to a tweet by a former Uber engineer named Susan Fowler. She had written a blog post titled "Reflecting On One Very, Very Strange Year At Uber" recount
  
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• 'Wall Street just lost its security blanket': Here's what experts are saying about Gary Cohn's exit from the White House

  11-03-2018 15:13 via feedproxy.google.com
  Reports that Gary Cohn, the top White House economic adviser, would depart the Trump administration sparked immediate selling in global equity markets.
  Experts across Wall Street have weighed in with their thoughts.
  Wall Street got another reminder of how volatile the White House is amid reports on Tuesday evening that Gary Cohn would step down as President Donald Trump's top economic adviser.
  The reaction was swift and strong, as S&P 500 futures immediately tumbled in after-hours trading. T
  
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• Bank of America: These 2 charts suggest the stock market could soar over the next 2 months

  11-03-2018 14:13 via feedproxy.google.com
  History suggests the stock market will be strong in March and April, according to Bank of America Merrill Lynch's technical analysis team.
  The firm provides two charts that uphold its expectation for equity gains over the next two months.
  The next two months should treat the stock market well — at least if history is any indication.
  The technical analysis team at Bank of America Merrill Lynch has looked at monthly performance for the benchmark S&P 500 dating all the way back to 1928 an
  
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• Companies across America say they're under intense pressure to pay workers more

  11-03-2018 14:11 via feedproxy.google.com
  Executives at various US companies are confirming that there's pressure to raise wages.
  Wage growth has been sluggish since the recession but is finally on the rise.
  There's no two ways about it: Corporate America is under pressure to pay workers more.
  That's the impression that several executives gave during quarterly conference calls with analysts about their earnings.
  The talk about higher wages came even before President Donald Trump signed the Tax Cuts and Jobs Act, which put more in the po
  
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• The highest-valued marijuana companies of 2017 reveal 2 key insights about the booming industry

  11-03-2018 13:41 via feedproxy.google.com
  US venture capital dropped $303.9 million into the cannabis industry in 2017, up from just $1 million in 2012.
  Most of the top venture-backed companies in the space are either biotech companies or those that provide ancillary services, like software platforms and payroll management.
  The murky legal status of cannabis in the US has given rise to cannabis-focused venture funds, which thrive in the uncertainty.
  The legal-marijuana industry is booming in spite of the federal government's antagonisti
  
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• Wall Street is in full agreement about one key element of the stock market — and that could cause the next big meltdown

  11-03-2018 11:05 via feedproxy.google.com
  Much of Wall Street is in agreement that the 10% stock market correction last month was actually healthy for the stock market.
  One investment strategist argues the cleansing effect of the selloff wasn't as pronounced as many are making it out to be.
  It's amazing what difference a month can make.
  Around this point in February, on the heels of a 10% stock market correction that caught many investors off-guard, doomsayers across Wall Street were sounding the alarm on inflationary fears.
  Bond yields
  
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