Sales & Marketing news

• GM's self-driving car unit could be worth $43 billion — nearly 4 times the valuation it received 6 weeks ago, RBC says (GM)

  15-07-2018 21:29 via feedproxy.google.com
  General Motors' self-driving unit, Cruise, could be worth $43 billion, RBC Capital Markets estimates.
  The autonomous arm received a valuation of $11.5 billion from Japan's SoftBank in May.
  GM is reportedly eyeing a spin-off or tracking stock for Cruise, Bloomberg reported last month. 
  Follow GM's stock price in real-time here. 
  Cruise, the self-driving car company bought by General Motors in 2016, could be worth a whopping $43 billion, RBC Capital Markets estimates.
  That new valua
  
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• Elon Musk draws fire for donating $38,900 to a Republican fundraising committee (TSLA)

  15-07-2018 21:23 via feedproxy.google.com
  Tesla CEO Elon Musk has drawn criticism from some of his fans for donations he made to a Republican political committee.
  Musk donated $38,900 last month to Protect the House, a committee dedicated to preserving the Republican majority in the US House of Representatives, according to government records.
  While denying the characterization that he was a top Republican donor, Musk didn't deny that he made the donations.The contributions aren't unusual for Musk, who has donated to both parties.
  Elon
  
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• Trump calls the European Union, Russia, and China 'foes' of the US

  15-07-2018 17:47 via feedproxy.google.com
  President Donald Trump named the European Union as a "foe", along with Russia and China.
  When CBS News host Jeff Glor asked him to identify his "biggest foe globally right now", Trump said the European Union, as well as Russia "in certain respects" and China "economically".Trump's comments double down on his criticism of NATO member countries at last week's summit.President Donald Trump called the European Union a "foe" of the United States in an interview that aired Sunday.
  When "CBS Evening Ne
  
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• The Rock's new movie bombs while 'Hotel Transylvania 3' wins the weekend box office

  15-07-2018 17:14 via feedproxy.google.com
  "Skyscraper," starring big box office draw, Dwayne "The Rock" Johnson, had a very poor opening weekend at the box office.
  The movie only took in $25 million, coming in third place.
  A sequel is king once again this summer as Adam Sandler's "Hotel Transylvania 3: Summer Vacation" took in $44.1 million.
  Dwayne Johnson's latest solo effort was no match for the summer movie sequels.
  Universal always knew putting The Rock's movie, "Skyscraper," a homage to thrilling disaster movies like "Die Hard" and
  
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• 'Give People Money' is a useful book about a bad idea

  15-07-2018 16:03 via feedproxy.google.com
  I've written before that the idea of a universal basic income is one that needs to die. 
  Author Annie Lowrey disagrees, and she explores the concept in a new book.
  Her book provides a framework to examine what changes we can make to make our safety net better.Shortly after the 2016 election, I wrote that universal basic income — the blue-sky policy idea of the government providing a subsistence-level cash payment to every American, or at least every American adult — wa
  
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• There's a glaring problem with Trump's trade war that could drag out the fight indefinitely

  15-07-2018 15:33 via feedproxy.google.com
  President Donald is engaged in trade fights with many of the world's major economies, including China, Canada, Mexico, and the European Union.
  Trump has not laid out a clear vision of success for the trade fights.
  Experts say the lack of a clear goal will extend the trade war and likely end up hurting the US.
  In just over four months, President Donald Trump has managed to assault the international trading order, kick off trade battles with key allies, and push the US into a full-blown trade war
  
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• An exec at a $4.4 billion tech company fired a woman then put her on blast in a team-wide memo: Inside the nightmarish culture of a fast-growing Chinese beauty app

  15-07-2018 15:30 via feedproxy.google.com
  Meitu is a hot Chinese selfie app maker with hundreds of millions of users — but some believe its global expansion has been plagued by dysfunction.
  Business Insider spoke to more than a dozen former employees, and from some heard allegations of sexism, wild stories of shamings and scathing criticisms in front of other employees, and tales of a brutal workplace culture.
  Meitu's struggles highlight the challenges in running a global company, and show there's far more to running a tech busine
  
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• Morgan Stanley says a dreaded recession indicator is coming within the next year — here's its game plan to help investors get ready

  15-07-2018 13:00 via feedproxy.google.com
  A team of strategists at Morgan Stanley forecasts the yield curve will invert by mid-2019. 
  They see the Federal Reserve announcing plans to end its balance-sheet contraction sooner than investors expect, which should support Treasurys and push longer-dated bond yields below shorter-dated ones.
  They recommended investors overweight Treasurys. 
  A yield curve inversion has preceded every recession since the 1960s, but many investors aren't worrying about this pattern yet. 
  A classic
  
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• Retirement fund managers have made a huge mistake assuming 7% is an average return because 600 million workers are about to disappear from the global economy

  15-07-2018 12:55 via feedproxy.google.com
  For decades, retirement fund managers have assumed an expected return on stocks and bonds of about 7% per year.
  That's a mistake, according to Bernstein Research, because returns are about to decline to 4% over the long run.
  That means individuals will have to more than double what they save every month for retirement, from 5% to 11% of their salaries.
  People are not doing that, unfortunately. 
  The collapse of returns will be driven by the disappearance of 600 million workers globally, who
  
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