Sales & Marketing news

• The world's largest asset manager will exclude gun manufacturers and retailers from its newest investment products

  07-04-2018 22:04 via feedproxy.google.com
  BlackRock, the world's largest asset manager, is offering new investment products that exclude gun manufacturers and retailers.
  It has been in discussions with these companies since March, in the wake of the fatal Parkland high school shooting.
  The decision is directly related to BlackRock CEO Larry Fink's declaration in January to only do business with companies that are taking into account their impact on society.
  This post is part of Business Insider's ongoing series on Better Capitalism
  
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• JPMorgan CEO Jamie Dimon lays out the market's worst-case scenario — and outlines 7 differences from the latest financial crisis

  07-04-2018 20:16 via feedproxy.google.com
  JPMorgan CEO Jamie Dimon's annual letter to shareholders was just published.
  Dimon is keenly focused on one market headwind that is being overlooked, and it features prevalently in his worst-case scenario for markets.
  As fears of a global trade war capture the attention of investors, JPMorgan CEO Jamie Dimon is turning a watchful eye to something that has been largely swept under the rug: the Federal Reserve's unprecedented monetary tightening and the impact it could have on markets.
  In his annu
  
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• The tumbling stock market is stuck in free fall without its most important safety net

  07-04-2018 19:12 via feedproxy.google.com
  The US stock market is plummeting once again Wednesday as global trade-war tensions escalate even further.
  Unfortunately for bulls, US equities will have to recover without the use of a trusted strategy that has served as a safety net for the market.
  If the stock market is to recover from its ongoing free fall, it'll have to do so without its most important buyer: companies themselves.
  That's because this patch of equity weakness is occurring smack dab in the middle of the share-buyback lockup p
  
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• The best stock trade of 2018 is a reversal from last year as turbulence rocks the market

  07-04-2018 18:14 via feedproxy.google.com
  As the US stock market has been mired in turmoil, one trade has stood head and shoulders above the rest — and it may not be what you think.
  The strength of the strategy is a reversal from 2017, when an inverse version of it was crowned Business Insider's trade of the year.
  When the stock market gives you lemons, make long-volatility bets.
  If you've heeded this advice this year, it has most likely been a lucrative approach. After all, as major US indexes have tested multimonth lows —
  
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• An unconventional hedge has been creating 'turbo-charged' returns for worried stock traders

  07-04-2018 17:13 via feedproxy.google.com
  Stock traders have been scurrying for downside protection amid heightened stock market volatility.
  There's one unconventional strategy that's been providing outsized hedging returns for investors in recent weeks.
  Downside hedges have been a stock investor's best friend over the past couple weeks as major US indexes have slipped to multi-month lows.
  While some traders might have guarded their positions using contracts on the Cboe Volatility Index (VIX), which trades inversely to the S&P 500 r
  
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• Manhattan home sales plunge to the slowest pace since 2009 as buyers fight for bigger discounts

  07-04-2018 17:10 via feedproxy.google.com
  The pace of condo and co-op sales in Manhattan slowed in the first quarter to an almost nine-year low, according to the real-estate appraiser Miller Samuel and Douglas Elliman Real Estate.
  Buyers got more aggressive about negotiating discounts amid rising mortgage rates and uncertainty about the new tax law's effects.
  Manhattan home sales slowed to the lowest levels in nearly a decade last quarter as buyers more forcefully negotiated discounts.
  In the first quarter, condo and co-op sales fell by
  
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• One of bitcoin's biggest bulls pinpoints a $25 billion reason why the crypto could stop plunging by mid-April

  07-04-2018 16:30 via feedproxy.google.com
  Bitcoin investors owe an estimated $25 billion in US taxes, according to Tom Lee, the cofounder of Fundstrat.
  As Tax Day approaches, many bitcoin owners are selling their digital coins in exchange for dollars. Lee therefore believes some of the selling pressure on bitcoin will lift after the April 17 tax deadline.
  Bitcoin is down about 65% from its mid-December peak.
  US tax returns for 2017 are due April 17.
  Many people who bought bitcoin as it soared last year are not looking forward to that da
  
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• JPMORGAN: Tesla is facing a 'self-feeding downward spiral' — here's how to protect against a stock crash

  07-04-2018 16:15 via feedproxy.google.com
  Tesla's stock price has taken a beating recently, falling almost 30% over a three-week period.
  The equity derivatives team at JPMorgan has identified the perfect trade to hedge against the worst-case scenario of a Tesla stock crash.
  Tesla's stock got some relief Tuesday morning after the company released first-quarter production results.
  Watch Tesla trade in real time.
  The past three weeks have been enough to worry even the staunchest Tesla bull, with the company's stock dropping as much as 27%
  
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• GOLDMAN SACHS: The stock market's turbulent first quarter created a bonanza for 2 groups of companies (ICE, NTRS)

  07-04-2018 15:34 via feedproxy.google.com
  Volatility made a dramatic comeback to the stock market in the first quarter.
  As a result, trading volumes and portfolio turnover increased.
  This should benefit the first-quarter earnings of trust banks and stock exchanges, according to analysts at Goldman Sachs.
  While some investors count their losses from the first quarter, Goldman Sachs is betting that renewed volatility was a boon for a small group of companies.
  Stock market volatility made a dramatic comeback in Q1, with no shortage of news
  
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• You should stop using Facebook Messenger until it proves it's worthy of your trust (FB)

  07-04-2018 15:30 via feedproxy.google.com
  Facebook Messenger is one of the most popular messaging apps, with 1.2 billion users.
  That huge audience makes it extremely useful — your friends and family probably use it — but it also means that Messenger doesn't need to fight for your trust.
  It's time to change that. There's no shortage of ways to text your friends and family for free. You can choose from WhatsApp, Skype, Google Hangouts, Signal, Telegram, Apple's iMessage, or literally scores of other options.
  But the mess
  
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• One of the smallest oil producers in the Middle East just announced its biggest discovery in decades (HAL, SLB)

  07-04-2018 15:15 via feedproxy.google.com
  The island nation of Bahrain announced Wednesday that it discovered a shale reserve with at least 80 billion barrels of crude oil. 
  Like other producers, Bahrain's government relies on oil revenues to fund itself, and its deficit was worsened by the oil crash that began in 2014.
  Halliburton will frack the shale reserve to evaluate how much oil in the find is actually extractable.
  Bahrain announced on Wednesday that it discovered at least 80 billion barrels of crude oil in a shale reser
  
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• A group of investors once left for dead looks more prepared than anyone to fight off a trade war

  07-04-2018 15:12 via feedproxy.google.com
  An escalating global trade war stoked by the actions of the Trump administration has been largely responsible for stock market volatility in recent weeks.
  A group of investors once left for dead is surprisingly well-positioned to withstand mounting trade-war pressures, according to Bank of America Merrill Lynch.
  As President Donald Trump prepares to ratchet up the stakes of a mounting global trade war, one group of investors is well-positioned to withstand the fallout.
  That would be active manag
  
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• How Salesforce's Marc Benioff has been pushing other CEOs to do the right thing, even when the government won't (CRM)

  07-04-2018 15:00 via feedproxy.google.com
  Business Insider met with Salesforce CEO Marc Benioff to discuss the new role of activist CEOs.
  Benioff helped start a movement among CEOs and is now working 'every day' to encourage business leaders to speak out and take action on a range of social issues.
  He believes that, as governments get mired in partisan divisiveness, CEOs have a new obligation to champion people other than their own shareholders. Salesforce CEO Marc Benioff is known to hang out with world political leaders
  
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• Tesla could run out of cash before the end of the year — here's how Elon Musk could change that (TSLA)

  07-04-2018 14:57 via feedproxy.google.com
  Tesla could run out of money before the end of 2018, as it ramps up production of its Model 3.
  In a recent filing with the Securities and Exchange Commission, Tesla said it wouldn't need to raise additional funds, but it has said that before and gone on to raise billions.
  CEO Elon Musk, however, has some fundraising options.
  Tesla has officially declared that it won't need to raise any additional funds in 2018, but market observers and close followers of the company aren't buying it. 
  
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• More than 3,800 stores will close in 2018 — here's the full list

  07-04-2018 14:33 via feedproxy.google.com
  More than 3,800 stores are closing in 2018
  Walgreens, Toys R Us, and Gap are among the many retailers expected to shutter hundreds of stores this year.The record-high rate of store closures that rocked the retail industry last year has continued into 2018, with more than 3,800 closures expected this year, according to an analysis by Business Insider.
  Walgreens, Toys R Us, and Gap are among the many retailers that will shutter hundreds of stores in 2018. 
  Many stores have already closed or a
  
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• Here's a 2-part trade that will help investors survive as global economies splinter apart, says Bernstein

  07-04-2018 14:09 via feedproxy.google.com
  Economies around the world are the most synchronized in years, but Bernstein argues they'll start diverging soon.
  The firm offers a two-part recommendation for best handling this splintering of global economic growth.
  As the spectre of a trade war looms, one measure shows that countries around the world are surprisingly unified — at least in one regard.
  Global economies are the most synchronized in 50 years, showing a "remarkable degree of consistency" when it comes to growth, according to
  
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• The search process for a new president of the New York Fed was seriously shady

  07-04-2018 13:34 via feedproxy.google.com
  John Williams was named president of the New York Fed above the objections of critics and community organizations who wanted a woman or person of color to represent the powerful regional central bank.
  Several highly-qualified women were passed up for the job in an opaque search process with little public input. "I think Williams is a disastrous appointment," David Blanchflower, a former central bank official at the Bank of England and currently a professor at Dartmouth College, told Busines
  
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• Bank of America has identified a major discount in the stock market that’s about to get even more enticing

  07-04-2018 11:10 via feedproxy.google.com
  The sell-off in stocks has cheapened the market. 
  Ahead of the all-important earnings season, quant strategists at Bank of America Merrill Lynch say one sector on the S&P 500 outranks every other in their model. 
  Here's one benefit of the stock market's decline this year: it's cheaper to buy. 
  And according to quant strategists at Bank of America Merrill Lynch, no sector looks better than technology. 
  The S&P 500 Information Technology sector has declined by more than
  
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• A $250 million money manager wants to unleash Chinese crypto companies onto US investors

  07-04-2018 04:06 via feedproxy.google.com
  Reality Shares, the company behind one of the first exchange-traded funds offering exposure to blockchain technology, is trying to get another ETF approved.
  The new fund aims to track the growth of blockchain technology in China.
  The company behind one of the first blockchain exchange-traded funds is looking to list another blockchain-focused fund on the Nasdaq Stock Market, a person familiar with the matter told Business Insider.
  California-based asset manager Reality Shares made headlines at t
  
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