Sales & Marketing news

• Evidence is mounting that the stock market could plunge into chaos this summer

  23-05-2018 18:22 via feedproxy.google.com
  After spiking to a multi-year high in February, the Cboe Volatility Index (VIX) has stabilized as investor nerves have calmed.
  However, Bank of America Merrill Lynch argues that worries are again mounting under the surface, which could derail the equity market over the summer.
  The stock market has stabilized quite nicely after a 10% correction rocked major indexes earlier this year, so it's easy to understand why investor concern has ebbed.
  This can be seen in the spot price for the Cboe Volatil
  
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• Just Eat brings in former EasyJet marketer Peter Duffy in new chief customer role

  23-05-2018 17:49
  Just Eat has hired former EasyJet marketer Peter Duffy as its first chief customer officer, just days after revealing that Barnaby Dawe has stepped down as CMO.
  Duffy was previously chief commercial officer of EasyJet but left in January as part of a management overhaul which saw his role dropped and the introduction of a chief data officer. He was at the airline for almost seven years, joining as marketing director before being promoted to group commercial director and then chief commercial off
  
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• CRYPTO INSIDER: Developers are raking in million dollar bonuses even as prices slump

  23-05-2018 17:01 via feedproxy.google.com
  Welcome to Crypto Insider, Business Insider's roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.
  Bitcoin may be down close to 40% since the beginning of the year, but that doesn't mean developers with expertise in the technology powering the crypto aren't making money hand-over-fist. 
  A Wall Street Journal report found that companies are willing to pay a lot to lure crypto talent. Some are even offe
  
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• Paypal is going to reap the benefits of being ditched by eBay (PYPL, EBAY)

  23-05-2018 16:59 via feedproxy.google.com
  eBay announced on January 31 that it would replace Paypal with Adyen BV as its payments processor on its site. 
  The contract change gives Paypal an opportunity to pursue other marketplace acceptance deals, which can increase market penetration and drive earnings. 
  Watch Paypal trade in real-time here.
  Paypal and eBay's recent contract changes left Paypal investors nervous, but the shifting relationship between the two companies can also present an opportunity.
  After years of using Payp
  
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• Elon Musk is supposed to be a visionary — but he doesn't seem to be thinking beyond his next tweet (TSLA)

  23-05-2018 16:56 via feedproxy.google.com
  Since Tesla CEO Elon Musk arrived on the scene, he's been called a visionary.
  Recently, however, Musk has shown that he prefers short-term thinking.
  The upsurge in Musk's Twitter activity is the most alarming evidence that he's backing away from long-term thinking."Musk is a long-term thinker in a short-term world, but his runway is running out."
  That's Dylan Byers at CNN, offering some insight into why Tesla and SpaceX CEO Elon Musk has seen Wall Street and the media shift from praising his eve
  
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• A former trader accused of manipulating a multi-trillion-dollar market compares his alleged rigging to a 'rounding matter'

  23-05-2018 16:50 via feedproxy.google.com
  In a recent courtroom testimony, ex-Barclays trader Colin Bermingham compared his alleged market rigging to a "rounding matter."
  Bermingham is accused, along with a handful of other individuals, of rigging the euro interbank offered rate — or Euribor — between 2005 and 2009.
  Ex-Barclays trader Colin Bermingham — who stands accused to fixing an overnight rate linked to trillions of dollars of assets — claims he was naive to the wide-reaching effects of his allege
  
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• Channel 4 launches £1m diversity award as it looks to change the portrayal of women in ads

  23-05-2018 16:19
  Channel 4’s Diversity in Advertising Award is back for a third year, with the theme for 2018 focused on the portrayal of women.
  The brand that best responds to the broadcaster’s brief will receive £1m of free air-time.
  In the wake of the #MeToo movement and recent focus on the gender pay gap, Channel 4’s head of agency and client sales and commercial marketing, Matt Salmon, says the broadcaster wants brands to address female stereotypes, objectification and the sexualisat
  
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• There's a simple reason why Tesla can't compete with other high-performance car brands (TSLA)

  23-05-2018 15:59 via feedproxy.google.com
  Tesla CEO Elon Musk taunted the BMW M3 when announcing a high-performance version of the Model 3.
  The Tesla would be faster from 0-60 mph.
  But the BMW M3 would still be a far better track car.Tesla makes very effective drag-racing cars. The fastest Model S sedan — the P100D — in Ludicrous Mode can blast from 0-60 mph in under 2.3 seconds. 
  That's good enough to outrun many of the world's most exotic supercars. The forthcoming new Roadster from Tesla, the successor to the company
  
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• M&S looks to unify brand and culture after profits decline

  23-05-2018 15:57
  Marks & Spencer (M&S) is looking to bring its business back together under “one brand, one set of values and one culture” as it prepares for a digital-first future, after posting a steep decline in annual profits for the year ending 31 March.
  Following a difficult trading period, the retailer has seen pre-tax profits drop 62.1% to £66.8m, down from £176.4m the previous year, while more than 100 store closures over the next four years are set to cause more dis
  
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• M&S looking to unify brand and culture after profits decline

  23-05-2018 15:57
  Marks & Spencer (M&S) is looking to bring its business back together under “one brand, one set of values and one culture” as it prepares for a digital-first future, after posting a steep decline in annual profits for the year ending 31 March.
  Following a difficult trading period, the retailer has seen pre-tax profits drop 62.1% to £66.8m, down from £176.4m the previous year, while more than 100 store closures over the next four years are set to cause more dis
  
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• Deutsche Bank sinks to an 18-month low after reports says its slashing up to 10,000 jobs (DB)

  23-05-2018 15:51 via feedproxy.google.com
  Deutsche Bank slipped as much as 3% ahead of its annual shareholder meeting Thursday.
  Separate reports outlined the bank's expected announcements, which are said to include a 10% staff cut and withdrawal from equity markets around the world.
  Follow Deutsche Bank's stock price in real-time here. 
  Shares of Deutsche Bank fell as much as 3% in early trading Wednesday, its lowest in more than a year, after new reports said the bank will make massive staff cuts and business pullbacks.
  Ahead of t
  
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• Tiffany is soaring after blowing past Wall Street estimates (TIF)

  23-05-2018 15:06 via feedproxy.google.com
  Tiffany & Co soared more than 14% in pre-market trading Wednesday after reporting first-quarter results that beat expectations. 
  Same-store sales of 7% easily topped analysts' 2.6% estimate. 
  The jewelry company boosted its fiscal year guidance and announced the approval of a $1 billion buyback program. 
  Watch Tiffany & Co trade in real-time here.
  Tiffany & Co is soaring, up more than 14% in pre-market trading Wednesday, after releasing first-quarter earnings that beat
  
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• The Turkish lira is in 'complete freefall' amid concerns of Erdogan's influence on its central bank

  23-05-2018 14:55 via feedproxy.google.com
  The Turkish lira fell to record lows against the greenback overnight Tuesday.
  President Recep Tayyip Erdogan, who is running for reelection, is a self-proclaimed "enemy" of interest rates.
  Follow the lira in real time here.
  The Turkish lira plummeted to a record low versus the US dollar Tuesday as investors pull cash out of the country ahead of a presidential election next month.   
  The lira fell 4.8% to 4.9233 per dollar around 8:30 a.m. ET. Overnight it had dropped to a record low 4.
  
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• There's been an executive shake-up at upstart stock exchange IEX as it struggles to attract a listing

  23-05-2018 14:43 via feedproxy.google.com
  There's been an executive shake-up at upstart stock exchange IEX.
  IEX hired Dan Cummings as head of corporate advisory, which includes IEX’s listings business, to replace Sara Furber, who's taking on the CFO role.There's been an executive shake-up at upstart stock exchange IEX as it continues to try to lure a listing from one of its rivals. 
  IEX has hired former Bank of America Merrill Lynch banker Dan Cummings as head of corporate advisory, which includes IEX’s listings busines
  
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• Comcast says it's considering an all-cash offer for 21st Century Fox that outbids Disney

  23-05-2018 14:21 via feedproxy.google.com
  Comcast signaled a new bidding war on Wednesday as it announced it was considering an all-cash offer for the 21st Century Fox assets that Disney already agreed to buy.
  Comcast said in a statement that it hadn't made a final proposal but that "the work to finance the all-cash offer and make the key regulatory filings is well advanced."
  Disney agreed to buy most of 21st Century Fox's assets, excluding Fox News, Fox Business, and other properties, for $52 billion.
  Comcast said Wednesday it was cons
  
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• UBS: These 8 stocks are going to dominate the self-driving car revolution

  23-05-2018 14:14 via feedproxy.google.com
  Self-driving cars will change which parts and suppliers automakers purchase from.
  UBS' has identified eight parts suppliers set to reap the rewards of a self-driving future.
  Cars as we know them are about to undergo a radical transformation. 
  As our four-wheeled transporters become more eco-friendly, connected, and autonomous, the way automakers assemble vehicles will also need to radically change.
  UBS analysts led by Colin Langan set out to identify the hardware makers, software developers
  
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• The man who guided Britain through the 2008 financial crisis worries cyber attacks could trigger the next crash

  23-05-2018 13:58 via feedproxy.google.com
  Former British Chancellor Alistair Darling tells BI cyber attacks could cause another global financial crisis.
  Darling said it would be a "profound mistake" for governments and institutions to ignore the possibility that another crisis could be just around the corner.
  Darling was Britain's Chancellor of the Exchequer during the 2008 financial crash and oversaw the bailout of UK banks Lloyds and Royal Bank of Scotland.Ignoring the possibility of another looming financial crisis would be a "profou
  
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• 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA, HMNY, BCS, WMT)

  23-05-2018 12:43 via feedproxy.google.com
  Here is what you need to know.
  Congress quietly passed the largest rollback of Wall Street regulations since the financial crisis. If signed into law by President Donald Trump, the legislation will lift regulations on community and regional banks while preserving many rules established under the post-financial-crisis Dodd-Frank Act.
  Trump says he will propose new tax cuts before November. The announcement will come ahead of the midterm elections as Republicans look to retain their control of Con
  
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• There’s a worrying disconnect between how Fed officials look at the economy and the way workers experience it

  23-05-2018 12:23 via feedproxy.google.com
  A new Federal Reserve survey shows four in 10 Americans could not afford a $400 emergency without going into debt, contradicting the predominant view among Fed officials that the economy is at "full employment."
  The Fed's minutes, due for release later Wednesday, are likely to focus on the bright side of economic conditions in order to justify ongoing interest rate increases. 
  The Fed's own Community Advisory Council warns that "when the Federal Reserve chooses to raise interest rates,
  
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• Notorious short seller Andrew Left can send a stock tumbling with a single tweet — here's an inside look at how he decides which companies to target

  23-05-2018 12:02 via feedproxy.google.com
  Andrew Left, the world-famous short seller and founder of Citron Research, has made a name for himself by writing market-moving reports on companies.
  His highest-profile success was the series of reports he wrote on Valeant Pharmaceuticals, which ended up coming under fire for the fraud he helped highlight. The company's stock has dropped 90% since Left's initial publication date.
  In an exclusive interview with Business Insider, Left shed some light on his process for identifying short targets,
  
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• Winning a 'social licence to operate' in a post-GDPR world

  23-05-2018 12:00 via warc.com
  Companies have been harvesting data without having to consider whether society has conferred on them a licence to operate. Smartpipe’s CMO Chad Wollen explores the lessons from another industry that had to prove its social...
  
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• Barclays has reportedly 'kicked around' the idea of merging with Standard Chartered

  23-05-2018 10:16 via feedproxy.google.com
  The Financial Times says Barclays' board has considered a merger with Standard Chartered.
  The possible deal is apparently one plan being considered to ward off the activist investor Edward Bramson, who has built a 5.4% stake in Barclays.
  Neither side has issued statements to shareholders, suggesting no serious talks have taken place.
  LONDON — Barclays has considered merging with Standard Chartered Bank, according to a report in the Financial Times.
  The FT report on Wednesday cited sources
  
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• The Bank of England is once again at war with pro-Brexit politicians

  23-05-2018 10:01 via feedproxy.google.com
  Foreign Secretary Boris Johnson takes aim at Bank of England Governor Mark Carney.
  Johnson questions claims from Carney that the Brexit vote has already cost Brits £900 per household.
  It is not the first time Carney has clashed with pro-Brexit politicians.LONDON — Foreign Secretary Boris Johnson set himself on a collision course with the Bank of England on Tuesday, after calling into question claims made by Governor Mark Carney.
  The comments came after the governor told a parliamenta
  
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• Meet the 35 most exciting young entrepreneurs, engineers, and advisors in UK fintech

  23-05-2018 08:00 via feedproxy.google.com
  LONDON — Fintech is a big business in the UK.
  The British Treasury has now held two conferences to promote the country's burgeoning financial technology industry on the world stage and the government estimates that the entire sector is worth £7 billion to the UK economy. That's up from almost nothing a decade ago.
  Business Insider has covered UK fintech since our 2014 launch. The UK Fintech 35 under 35 highlights the most promising young entrepreneurs, engineers, marketers
  
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• Why Asia's agency model needs to evolve

  23-05-2018 01:27 via warc.com
  SHANGHAI: In a time of unprecedented change, agencies in Asia need to rethink their own capabilities to keep up with consumers and clients in the digital era, a leading industry figure tells WARC.“Agency business is supposed to really create...
  
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• Visual search promises 'visual commerce'

  23-05-2018 01:27 via warc.com
  GLOBAL: Visual search is rapidly becoming a mainstream proposition among younger consumers, and while associated ad products are not keeping pace the longer term holds out the promise of “visual commerce”, according to a new WARC report....
  
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• Sony underlines new direction with EMI purchase

  23-05-2018 01:27 via warc.com
  TOKYO: Following Sony’s seven-fold increase in profits year on year, the Japanese consumer electronics giant has signalled a new direction with its acquisition of EMI Music Publishing.Known for its televisions, sound systems, and the wildly...
  
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• Programmatic moves in-house

  23-05-2018 01:27 via warc.com
  NEW YORK: Two-thirds of brand marketers purchasing digital ads programmatically have moved all or some of that function in-house, according to new research.The Interactive Advertising Bureau (IAB) and its Data Center of Excellence surveyed 119...
  
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• PoliticalAd icon aims for greater transparency

  23-05-2018 01:27 via warc.com
  NEW YORK: The Digital Advertising Alliance (DAA) is attempting to throw some light on the murky world of online political advertising with the launch of a new initiative that includes guidance for political advertisers and a...
  
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• Pharma brands fall short with older consumers

  23-05-2018 01:27 via warc.com
  BOSTON: Pharmaceutical brands are typically failing to engage the valuable audience of consumers over 50 years old, according to research by AARP, an interest group focused on this demographic.Mark Bradbury, senior director, insights/marketing at...
  
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• Korean appliance market signals lifestyle changes

  23-05-2018 01:27 via warc.com
  SEOUL: The appliance-buying patterns of young Korean couples highlight how society is changing, with sales of traditional products flat while trendy gadgets are finding favour.Data from Lotte Hi-Mart, the electronics chain run by retail giant...
  
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• GDPR prompts consumer 'spring clean'

  23-05-2018 01:27 via warc.com
  LONDON: UK consumer awareness of GDPR has doubled in the past three months as their inboxes fill up with companies requesting permission to continue contacting them – and many are taking the chance to opt out, a new survey shows.The latest...
  
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• Carpe diem: Brits want to spend now

  23-05-2018 01:27 via warc.com
  LONDON: Brits may be gloomy about the state of the economy and feeling the financial pinch but a majority prefer to splash out today rather than save for later, a new survey suggests.When research agency
  
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• American Airlines' long-haul view on blockchain

  23-05-2018 01:27 via warc.com
  NEW YORK: American Airlines, the air carrier, is taking a considered approach to potentially leveraging blockchain solutions, rather than being seduced by the latest shiny object in the technology toolkit.Phil Easter, American Airlines’...
  
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