Sales & Marketing news

• Recession fears are flaring as Trump's trade war has markets behaving in a way not seen since the financial crisis

  30-06-2018 23:28 via feedproxy.google.com
  Trade-war tensions have been ratcheted up in recent days, and investors are scrambling for safe-haven assets in a broad risk-off market move.
  A key relationship between the yields of Treasurys is doing something not seen since 2007, before the depths of the latest financial crisis.
  The relationship is nearing a level that has historically flashed ahead of economic recessions.
  If you want evidence of how President Donald Trump's trade war is affecting investor nerves, look no further than the wid
  
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• Morgan Stanley warns investors are in more danger of a market crash than they realize and identifies the best stocks in a sheltered sector

  30-06-2018 23:17 via feedproxy.google.com
  Morgan Stanley has upgraded utilities to "overweight" as it forecasts that bond yields have peaked for now.
  The sector, a bond proxy, is considered a safe haven during market turmoil and becomes more attractive when bond yields fall because it pays out steady dividends.
  It's rallied in recent weeks even as the broader market sold off amid trade tensions.
  One sector remained green as the stock market sold off on Monday: utilities.
  The so-called bond proxy, preferred during times of turmoil for it
  
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• Crypto exchange Uphold is the latest to use M&A to trade securities, just 3 weeks after Coinbase did the same thing

  30-06-2018 21:26 via feedproxy.google.com
  Uphold, a cryptocurrency and global currency exchange, has looked to acquisition to get the licenses necessary to trade securities in compliance with the Securities and Exchange Commission.
  On Wednesday, Uphold announced its plans to acquire JNK Securities Corp., a registered broker-dealer that works with institutional clients.While Uphold doesn't trade stocks, it does sell eight cryptocurrencies, and industry insiders expect the SEC to regulate some cryptocurrencies as securities in the near fu
  
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• Goldman Sachs has created a new team to take on high-speed traders like Virtu and Citadel Securities at their own game (GS)

  30-06-2018 21:25 via feedproxy.google.com
  Goldman Sachs is hoping a brand new technology team will help the trading giant better compete with the fastest traders on Wall Street.
  Raj Mahajan, who joined the firm in 2015, will run the new group alongside Konstantin Shakhnovich and Ezra Nahum.The three will report jointly to the chief information officer and the leaders of the securities division. 
  Large banks are looking for ways to compete more effectively with the likes of Citadel Securities and Virtu, which have shown an
  
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• Inside JPMorgan Chase's New York City tech office — the 'mothership' of the bank's $10.8 billion digital ambitions (JPM)

  30-06-2018 19:59 via feedproxy.google.com
  It's only a couple of years old, but at JPMorgan Chase's office at Five Manhattan West the walls have already been defaced. And it's not just the walls. Chairs and other surfaces have been scribbled all over as well.
  At the headquarters for JPMorgan's digital ambitions, this is all by design — writable surfaces are part of the effort to foment the collaboration, serendipity, and free-form thinking that run amok at Silicon Valley's most agile workplaces.
  JPMorgan developers and designers h
  
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• The economies of every US state and DC, ranked from worst to best

  30-06-2018 19:23 via feedproxy.google.com
  The US is a massive, complex economy, and so too are the component economies of the 50 states and Washington, DC, that make up the whole.
  Business Insider combined six measures of labor-market and general economic health for all the states and the District of Columbia. They are the unemployment rate, job growth, per-capita GDP, GDP growth, average weekly wages, and wage growth. By putting all those on a common scale and combining them, we came up with an overall score for each state's economy.
  
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• The Wall Street bankers who feast during recessions say there's a 'smell in the air' and it's starting to feel like 2007 (MC, HLI, GHL)

  30-06-2018 16:55 via feedproxy.google.com
  The global economy is growing and corporate defaults are low and projected to drop even further.
  Yet the Wall Street investment bankers who feast during recessions are optimistic about their business, and some say it's starting to feel like it did just before the financial crisis.
  Top restructuring firms have been filling out their rosters of talent to be prepared in case of an economic recession.
  Restructuring bankers told Business Insider that a massive amount high-yield debt issued in recent
  
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• Venezuela's inflation hits more than 40,000% as investors dump its currency 'like a hot potato'

  30-06-2018 14:30 via feedproxy.google.com
  Inflation in Venezuela rose above the 40,000% mark this week.
  The Maduro regime is bleeding money.
  Some economists say the economy will continue to spiral as long as Maduro holds power.
  Venezuela's inflation rate has hit a new high, according to university research, with consumer prices in the crisis-ridden country rising by more than 40,000% annually for the first time on record. 
  Steve H. Hanke, an applied economics professor at Johns Hopkins University, told Business Insider on Friday th
  
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• Growth is coming home: How a successful World Cup will boost the British economy as Brexit looms

  30-06-2018 09:25 via feedproxy.google.com
  England's World Cup campaign could give a major boost to the British economy.
  That's because when the team is playing, Brits spend on food, drinks and electronic goods.
  UK growth has been sclerotic since the Brexit vote in June 2016, and the World Cup could help it get back on track.
  "Without wishing to tempt fate, England’s recent sporting success on the football field (and cricket pitch) has probably added to that feel-good factor among England-supporting consumers," Bank of England chie
  
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• Domo just went public — insiders tell us that CEO Josh James apologized to the entire company after making remarks that alienated some women and people of color (DOMO)

  30-06-2018 01:31 via feedproxy.google.com
  Domo insiders say that CEO Josh James faced a sharp backlash, and eventually apologized, after telling a story at an all-hands meeting that made many people feel uncomfortable.
  Domo insiders tell Business Insider that women don't always feel like they can advance at Domo. 
  Domo told Business Insider that James cares deeply about creating a workplace where everyone feels welcome, and that "the implication that a story could portray Josh as insensitive to diversity is not only offensive, but
  
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• A studio insider explains why Hollywood’s archenemy, Google, is about to win big business in hostile territory (GOOG, GOOGL)

  30-06-2018 00:46 via feedproxy.google.com
   Next month, Google Cloud is launching a new region in Los Angeles, the company said this week.
  Google, Amazon and Microsoft are competing for a potentially new lucrative source of business, the scores of production companies, film and animation studios in the area.
  One of the reasons the film and TV industries are eager to make the transition to the cloud is the success that Netflix has had since signing with Amazon's cloud in 2012, according to a film-industry source. Back when YouT
  
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• Hot cybersecurity startup Tenable has filed to go public

  30-06-2018 00:02 via feedproxy.google.com
  The cybersecurity startup Tenable filed to go public on Friday.
  The startup was last valued at $550 million in 2015, when it raised a $250 million mega-funding round led by Insight Venture Partners and Accel. 
  The company plans to list on the NASDAQ under the ticker "TENB."
  Business may slow in summer, but the IPO boom powers on.
  Tenable, a Maryland-based cybersecurity company, officially filed to go public on Friday. The company plans to list on the NASDAQ under the ticker "TENB."
  Ten
  
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