Sales & Marketing news

• Apple's plan to give away most of its cash might have had an unlikely supporter: Steve Jobs (AAPL)

  26-05-2018 15:00 via feedproxy.google.com
  Apple has announced plans to get to a $0 net cash balance, likely via even larger scale dividend and stock repurchase programs than it has in place now.
  On its face, the move seems contrary to the financial conservatism founder Steve Jobs helped instill in it; under Jobs, Apple eliminated its debt and stockpiled cash.
  But Fred Anderson, who served as Apple's chief financial officer under Jobs and worked closely with him to return it to health after it nearly failed, thinks he would have eventual
  
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• Elon Musk may never deliver a $35,000 Model 3—and that would actually be great news for Tesla (TSLA)

  26-05-2018 14:57 via feedproxy.google.com
  Tesla CEO Elon Musk admitted that selling a $35,000 version of the Model 3 would be a disaster for the company.
  The base Tesla Model 3 is now planned for deliveries in late 2018 or early 2019.
  Musk has to do this to save the company from ruin, even if he ends up jilting prospective owners.Everybody has been giving Tesla CEO Elon Musk a hard time for his savage Twitter ways of late, myself included. But that doesn't mean, amid all the trolling of haters and big media, Musk doesn't sometimes tweet
  
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• Credit card companies are quietly cutting back on an under-the-radar perk that people love — and robots are to blame (JPM, C)

  26-05-2018 14:24 via feedproxy.google.com
  For years, credit cards from JPMorgan Chase, Citigroup, and others have offered price protection, a benefit that refunds customers up to $500 if they buy an item and subsequently spot it cheaper somewhere else.
  Filing a claim was a laborious task, so few people ever did.Apps like Earny have emerged that use bots to automate the price-protection process, connecting with users' email accounts to monitor purchases and hunt down refunds.Insiders say the rise of these tools and services has led to ex
  
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• One side effect from Trump's trade war could linger for years beyond his presidency

  26-05-2018 11:02 via feedproxy.google.com
  President Donald Trump's abrupt, erratic approach to trade, even when he does not follow through on the harshest protectionist threats, is already damaging faith in the global trading system. 
  "The Trump administration’s increased willingness to argue that conventional imports are a threat to national security  could have an adverse impact on the global trading system over the long term," write Nomura economists in a research note.
  NAFTA talks in particular are under threat from
  
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• It's looking more and more like Facebook's business dodged a bullet with the Cambridge Analytica scandal (FB)

  26-05-2018 08:00 via feedproxy.google.com
  Facebook's reputation has taken a serious hit from the Cambridge Analytica scandal, but the impact on its business is likely to be relatively small, a new report indicates.
  Most of the social network's users were unaware of the scandal, according to a survey by GBH Insights.
  While many users were concerned about their privacy in the wake of the data leak, few plan to curtail their use of Facebook, GBH found.
  The Cambridge Analytica scandal has given Facebook a black eye, but ultimately, it's lik
  
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• An ultra-risky part of the market is the most out of whack since the financial crisis — here's what that means for investors

  26-05-2018 07:28 via feedproxy.google.com
  Goldman Sachs says one part of the market is the most "mispriced" it's been since before the financial crisis.
  The development is an extension of investors willing to take on more risk, even as market uncertainty swirls.
  Risk-taking behavior is alive and well, at least in one corner of the market.
  The credit-risk premium for CCC-rated bonds — the riskiest segment of the high-yield universe — has fallen to negative 53 basis points, its lowest since 2007, according to data compiled by
  
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• BANK OF AMERICA: Global markets are screaming that this historic expansion is almost over — here’s what investors should do to stay afloat

  26-05-2018 07:23 via feedproxy.google.com
  Financial markets are providing clear clues about where we are in the cycle, according to Michael Hartnett, the chief investment strategist at Bank of America Merrill Lynch. 
  For example, commodities are having a strong year and are the best performers so far while yields are rising and total returns are getting crushed. 
  His trading advise, detailed below, is truncated in the acronyms Long ABCD, short EFH.
  Almost nine years since the Great Recession, the US economy is in its seco
  
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• Trump reaches deal with China to lift sanctions on Chinese tech giant ZTE despite blowback from Democrats, GOP

  26-05-2018 02:38 via feedproxy.google.com
  The Commerce Department told members of Congress that the Trump administration reached a deal to lift sanctions on Chinese phone maker ZTE.
  President Donald Trump also announced the easing of sanctions on Twitter later Friday.
  In exchange for easing the sanctions, ZTE will be forced to "pay a bigger fine, have to hire American compliance officers, and they have to get rid of the current ZTE management team," according to a source familiar with the arrangement.
  ZTE was facing sanctions after sell
  
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