Sales & Marketing news

• Indicted Rep. Chris Collins shows why members of Congress should not trade stocks

  08-08-2018 21:10 via feedproxy.google.com
  Rep. Chris Collins, a prominent backer of President Donald Trump in Congress, has been indicted for insider trading, along with his son and his son's fiancée's father.
  Collins is on the board of an Australian pharmaceutical company. The SEC alleges he tipped his son about a failed clinical trial, and that the son and associates saved $750,000 by trading on the tip.
  This is a really stupid thing to allegedly have done.
  Why are members of Congress even allowed to trade stocks or sit on corp
  
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• Elon Musk reportedly met with Japan's SoftBank last year about taking Tesla private (TSLA)

  08-08-2018 20:54 via feedproxy.google.com
  Tesla CEO Elon Musk met with SoftBank CEO Masayoshi Son about taking the electric-car maker private last year, Bloomberg reports.
  The news comes one day after Musk said he was considering taking Tesla private.
  SoftBank has previously invested in Uber, Nvidia and GM's Cruise. 
  Follow Tesla's stock price in real-time here. 
  Tesla's chief executive Elon Musk met with SoftBank CEO Masayoshi Son in April 2017 about the Japanese investment firm assisting in taking Tesla private, Bloombe
  
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• A $160 million corruption scandal in Argentina is roiling its financial markets

  08-08-2018 20:16 via feedproxy.google.com
  More than a dozen former Argentine government officials and business executives have been arrested in a large scale corruption scandal.
  The investigation is throwing Argentina upside down just as it gears up for economic recovery. 
  Watch the Argentine peso trade in real time here.
  Just as Argentina looked poised for a shot at economic recovery, a corruption scandal is roiling the embattled country.
  More than a dozen former government officials and business executives were arrested after pol
  
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• Snap sinks to a 2-month low as fewer people use Snapchat every day (SNAP)

  08-08-2018 18:38 via feedproxy.google.com
  Snap reported its first-ever decline in daily active users on Tuesday.
  Shares initially popped 10% after the company said it lost less money than Wall Street expected, but sank when markets opened Wednesday.
  Follow Snap's stock price in real-time here. 
  Shares of Snap sank more than 6% Wednesday, falling to their lowest price since June, after the company reported active user numbers that disappointed investors.
  For the second quarter, Snap said its total losses per share were smaller
  
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• 'A private life is a happy life': Here's what Wall Street is saying about Tesla's plan to leave the stock market (TSLA)

  08-08-2018 17:47 via feedproxy.google.com
  Tesla laid out an unprecedented plan to go private at $420 per share on Wednesday, sending Wall Street into a flurry.
  Shares skyrocketed more than 10% following the announcement, which came as a cryptic tweet. 
  When it comes to the specifics of the potential news, Wall Street has more questions than answersFollow Tesla's stock price in real-time here. 
  Elon Musk on Tuesday sent shockwaves through Wall Street when he cryptically tweeted that he was considering taking Tesla private
  
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• Elon Musk boosted his net worth by $1.4 billion with just one short tweet (TSLA)

  08-08-2018 17:09 via feedproxy.google.com
  Elon Musk became $1.4 billion richer on Tuesday as Tesla's stock surged after he tweeted that he was thinking of taking the company private. 
  With a $25.8 billion net worth, he's the world's 31st richest person. 
  He's also Tesla's largest shareholder. 
  The tweet was only 61 characters long, but it was powerful enough to make Tesla CEO Elon Musk $1.4 billion richer.
  Musk tweeted on Tuesday that he was considering taking Tesla private at $420 a share and had secured the funding
  
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• Elon Musk says he wants to take Tesla private — here are 5 reasons that makes sense (TSLA)

  08-08-2018 17:02 via feedproxy.google.com
  Tesla CEO Elon Musk announced on Tuesday that he's considering taking Tesla private.
  The financial world is unsure how he would do this, given that the deal will be enormous.
  But from where Musk and Tesla now sit, going private makes sense.Tesla CEO Elon Musk blew Wall Street's mind on Tuesday when, just after the Financial Times reported that the Saudi sovereign wealth fund had invested $2 billion in the company, he tweeted that he was considering taking the 15-year-old company private at $420
  
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• A $300 billion asset manager says investors are overlooking a huge threat that's building right in front of their eyes

  08-08-2018 17:01 via feedproxy.google.com
  In an exclusive interview, Sebastien Page, the global head of T. Rowe Price's Multi-Asset division, breaks down an overlooked risk he says could eventually derail markets.
  Page, who helps oversee nearly $300 billion, also expresses concerns over constrained liquidity, which Wall Street increasingly says will worsen any type of risk-off selling.
  With so much going on in the market, it's easier than ever to overlook potential threats percolating under the surface.
  You have President Donald Trump r
  
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• Mylan stock dropped 7% after second quarter sales slumped (MYL)

  08-08-2018 16:17 via feedproxy.google.com
  Mylan's stock dropped 7.4% shortly after markets opened on Wednesday due to poor second quarter earnings.
  The company's total revenue for the second quarter was $2.8 billion, down 5% compared to last year. Sales in North America also fell 22%. 
  Mylan then announced that it was going to conduct a strategic review of the company, saying it believes it is undervalued. This means the company could be broken up or sold. 
  Mylan N.V. is an American pharmaceutical company regist
  
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• Oil slides after China announces tariff on US crude

  08-08-2018 16:01 via feedproxy.google.com
  Oil prices fell more than 1% early Wednesday.
  Beijing announced American crude exports to China will be subject to a 25% retaliatory tariff.
  Watch oil trade in real time here.
  Oil prices slumped Wednesday after Beijing announced it would retaliate against the Trump administration with a 25% tariff on another $16 billion worth of US products, including crude exports to China. 
  West Texas Intermediate, the US benchmark, shed 2% to $67.70 per barrel after the Ministry of Commerce released
  
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• Why brands are looking elsewhere for strategy

  08-08-2018 16:00 via warc.com
  Marketing’s problem is that it controls relatively few business growth levers, says Dan Burdett, Chief Marketing Innovation Officer EMEA, eBay, in an essay for
  
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• 2 of the largest crypto exchanges have snagged veteran Wall Streeters as they build out businesses to lure in billion dollar investors

  08-08-2018 15:56 via feedproxy.google.com
  Two of the largest players in the crypto space have snagged employees from top Wall Street banks for similar roles, according to people familiar with the matter. 
  Amy Yu, who previously worked in sales for synthetic products at JPMorgan, joined BitMEX to head up institutional sales.  
  Meanwhile, Lauren Abendschein, formerly a director at Credit Suisse, has joined Coinbase as a manager of institutional sales. 
  Both will be tasked with luring more large players in financial services
  
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• Recommended reading: Speaking with passion and building brand experience

  08-08-2018 15:50
  Rock Your Presentation: A New Guide to Speaking with Passion
  By Nigel Barlow
  Utilising a rock’n’roll metaphor throughout, Nigel Barlow demonstrates how readers can turn up the volume and transform their presentations from monotonous mediocrity into captivating concerts. The book provides a guide to changing a stressful subject into a more enjoyable exercise with practical examples for the reader to try out. Barlow chronicles how to deliver a presentation like a hit song that he clai
  
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• Tesla's surging stock has cost short sellers $3 billion this month (TSLA)

  08-08-2018 15:45 via feedproxy.google.com
  Despite the surge in its stock price, Tesla remains the most shorted US equity.
  Investors betting against Tesla have lost $3 billion in August alone.
  Follow Tesla's stock price in real-time here.
  The "short burn of the century" that Tesla CEO Elon Musk promised back in May may have finally happened.
  Tesla's 27% surge this month, fueled by Musk's cryptic tweet Tuesday about taking the company private at $420 a share, has cost short sellers — the investors betting against Tesla's stock &mdas
  
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• Tanya Joseph: The finance sector needs to change to get more women to invest

  08-08-2018 15:37
  I have started going to the City for the first time in years. The Square Mile has changed dramatically. There are new streets, buildings and shops, and the people are different too: more women, more people of colour, fewer pin stripes, more stripy t-shirts.Alas there has been no surprise about how the financial services sector engages with women as consumers. Being the sort of person I am, I started to look at if there was a difference in male and female attitudes to money and investments.
  It w
  
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• Canadian dollar gets whacked after Saudi Arabia reportedly starts dumping the country's assets 'no matter the cost'

  08-08-2018 15:26 via feedproxy.google.com
  The Canadian dollar slid Wednesday after the Financial Times reported that Saudi Arabia had begun selling off its holdings of the country's bonds, stocks, and cash. 
  The divestment came after Canada's foreign ministry condemned the kingdom's arrest of a prominent women's rights activist.  
  Saudi Arabia's national airline suspended flights to and from Toronto on Tuesday. 
  Watch the Canadian dollar trade in real-time here.
  The Canadian dollar fell on Wednesday after the Financi
  
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• The stock market is stretched to double tech-bubble extremes, according to one measure — here's why investors should be very scared of the implications

  08-08-2018 15:10 via feedproxy.google.com
  Leuthold Group has sounded the alarm on a valuation metric that shows the S&P 500 is twice as expensive as it was at the peak of the tech bubble.
  This development could have large implications for stock investors of all types, particularly value traders who make their living by finding discounts in the market.
  With the stock market within shouting distance of an all-time high, traders are readying their Champagne bottles.
  Just don't tell them about the eye-popping statistic just published by
  
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• How Virgin Holidays is going beyond bookings to ‘inspire change’

  08-08-2018 15:04
  Travel is “bonkers” according to Amber Kirby, vice president, marketing and customer experience at Virgin Holidays, but she clearly loves it.
  After 15 years working in FMCG and retail, four months ago she left her role as Boots’ global brand director to take over marketing at Virgin Holidays.
  In Soho, over lunch, she can’t stop beaming about her new role, but also explains how wrong she was to think she was prepared for travel.
  “I used to think my last job was comp
  
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• Trump is going to slap tariffs on another $16 billion worth of Chinese goods — here's the full list of what will get hit

  08-08-2018 15:02 via feedproxy.google.com
  The Trump administration announced the second tranche of tariffs on Chinese goods will go into effect August 23.
  The tariffs will hit $16 billion worth of Chinese goods coming into the US.
  The goods are mostly industrial products ranging from chemicals to tractors.
  Here's the full list of goods that will be hit.
  The second tranche of President Donald Trump's tariffs on Chinese goods will go into effect August 23, according to the administration, and the restrictions will hit a slew of items
  
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• Tesla’s current fundamentals don’t support a valuation ‘anywhere close’ to $420, one bear says (TSLA)

  08-08-2018 14:59 via feedproxy.google.com
  Tesla said Tuesday it will attempt to go private at $420 per share, or an $81 billion total valuation.
  Bears like Cowen say that the company's current fundamentals don't support the price proposed by CEO Elon Musk.
  Shares of Tesla rose more than 10% Tuesday on the news.
  Follow Tesla's stock price in real-time here. 
  Tesla’s skeptics still aren’t convinced.
  In a note to clients Wednesday, Jeffrey Osborne, an analyst at Cowen, said Tesla’s current fundamentals don’t su
  
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• ROUND 2: US, China announce newest round of tariffs as Trump's trade war shows no sign of slowing down

  08-08-2018 14:47 via feedproxy.google.com
  The US will impose a 25% tariff on $16 billion worth of Chinese goods starting August 23.
  The tariff will mostly apply to industrial equipment, like tractors and chemicals.
  In response, the Chinese government also announced a 25% tariff on $16 billion worth of US goods that will go into effect the same day.
  The move is the latest escalation of the trade war between President Donald Trump and China.
  The US and China rolled out a new wave of tariffs as the trade war between the two countries rolls
  
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• Snap pops after topping Wall Street's earnings expectations, but sinks on slowing user growth (SNAP)

  08-08-2018 14:11 via feedproxy.google.com
  Snap Inc reported second-quarter earnings on Tuesday that topped Wall Street's expectations.
  Shares initially jumped as much as 11% before sinking into the red as investors digested disappointing user numbers.Follow Snap's stock price in real-time here.
  Shares of Snap rose as much as 11% in after-hours trading Tuesday following the company's release of second-quarter earnings before quickly sinking into the red as investors digested the implications of a slowdown in users on its flagship Sn
  
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• The crypto market has lost 20% of its value in 2 weeks and bitcoin is still dropping

  08-08-2018 13:47 via feedproxy.google.com
  Bitcoin is down 3% on Wednesday morning while other major cryptos are down as much as 9%.
  The entire cryptocurrency market has lost 20% of its value over the last 2 weeks, according to FXPro.
  You can follow live cryptocurrency prices on Markets Insider.LONDON — The price of bitcoin is slipping on Wednesday, extending a poor run for the digital currency.
  Bitcoin is down almost 3% to $6,521.47 at 12.45 a.m. BST (7.45 a.m. ET). Over the last 24 hours, it is down around 7%. The cryptocurrency
  
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• 10 things you need to know before the opening bell (SNAP, TSLA, DIS, CRM)

  08-08-2018 13:33 via feedproxy.google.com
  Here is what you need to know.
  The trade war escalates. The second tranche of President Donald Trump's tariffs on Chinese goods is set to take effect August 23, hitting $16 billion worth of imports.
  Elon Musk wants to remove Tesla from the stock market. "Am considering taking Tesla private at $420. Funding secured," the CEO tweeted before issuing a formal statement on the company's website.
  Saudi Arabia's sovereign wealth fund reportedly amassed a $2 billion stake in Tesla. According to the Fin
  
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• The pound is below $1.29 for the first time in almost a year as 'no-deal' Brexit fears mount

  08-08-2018 13:27 via feedproxy.google.com
  The pound is below $1.29 for the first time since 2017 and falling against the euro and yen.
  Sterling's price is suffering from ongoing concerns about a potential no deal Brexit.
  Analysts say the currency's poor performance is likely to continue in the short-term.LONDON — The pound fell below $1.29 for the first time since September 2017 on Wednesday as fears about a possible no-deal Brexit continued.
  Sterling is down 0.6% against the dollar to $1.2860 at 12.00 p.m. BST (7.00 a.m. ET). It
  
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• Mark Ritson: Calling all marketers – it’s up to you to prove if Vote Leave’s overspend won the EU refrendum

  08-08-2018 12:52
  You can feel it in the morning. An auburn tinge in the sunrise, an impatience in the leaves above, and a distinct nip in the air before you close the door at night. Autumn is on the way. Perhaps not down south, where summer bumbles on. But it was 17 degrees yesterday in Carlisle. Summer is winding down.
  Soon it will be autumn, then winter and before you know it, March will usher in spring 2019. And spring won’t be the only thing happening in a few months. At the end of March, between the q
  
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• Mark Ritson: Calling all marketers – it’s up to you to prove if Vote Leave’s overspend won the EU referendum

  08-08-2018 12:52
  You can feel it in the morning. An auburn tinge in the sunrise, an impatience in the leaves above, and a distinct nip in the air before you close the door at night. Autumn is on the way. Perhaps not down south, where summer bumbles on. But it was 17 degrees yesterday in Carlisle. Summer is winding down.
  Soon it will be autumn, then winter and before you know it, March will usher in spring 2019. And spring won’t be the only thing happening in a few months. At the end of March, between the q
  
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• Mark Ritson: Calling all marketers – it’s up to you to prove if Vote Leave’s overspend swung Brexit

  08-08-2018 12:52
  You can feel it in the morning. An auburn tinge in the sunrise, an impatience in the leaves above, and a distinct nip in the air before you close the door at night. Autumn is on the way. Perhaps not down south, where summer bumbles on. But it was 17 degrees yesterday in Carlisle. Summer is winding down.
  Soon it will be autumn, then winter and before you know it, March will usher in spring 2019. And spring won’t be the only thing happening in a few months. At the end of March, between the q
  
  Read more

• Inside the power struggle at the top of Citigroup's equities unit that's a window on the latest Wall Street fad (C)

  08-08-2018 12:47 via feedproxy.google.com
  A struggle at the top of Citigroup's equities division several months ago resulted in the departure of the bank's global head of cash trading.
  Executives disagreed over how integral a role the firm's central risk book should have in its overall equities strategy and how it would interact with clients.
  The dispute is a window into Wall Street's latest fad, as banks turn to central risk books as a lifeline for cash equities trading desks suffering from shrinking commissions and new research rules.
  
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• A top Bank of England official says he's seeing an 'exodus' of EU bankers from London

  08-08-2018 11:39 via feedproxy.google.com
  European bankers are leaving London in an "exodus", a senior Bank of England official claims.
  Iain McCafferty said the number of Europeans moving to the city has "fallen very sharply" since the 2016 referendum.LONDON — Bankers from the EU are leaving the City in an "exodus" according to Iain McCafferty, a senior official at the Bank of England
  McCafferty told Britain’s LBC in an interview on Tuesday that the number of German, French, and other European bankers coming to work in the C
  
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• Young are influential but not 'influencers'

  08-08-2018 02:00 via warc.com
  LONDON: A majority of young people in the UK think they have influence on their peers but few regard themselves as influencers on social media and many reject the ‘influencer’ label,new research shows.For its
  
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• Will Google's reported China re-entry work?

  08-08-2018 02:00 via warc.com
  SHANGHAI: As reports emerge of Google’s plans to re-enter China, some market experts aren’t optimistic about the company’s ability to crack the notoriously difficult market which is dominated by home-grown internet giants. ...
  
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• Understanding six-second TV ads

  08-08-2018 02:00 via warc.com
  JERSEY CITY: Six-second television spots are viable – and powerful – tools of audience engagement, according to new analysis from the Advertising Research Foundation (ARF), the industry body.Paul Donato, at the ARF’s chief...
  
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• Trade groups oppose census citizenship question

  08-08-2018 02:00 via warc.com
  NEW YORK: Four leading trade bodies, including the Association of National Advertisers (ANA) and Advertising Research Foundation (ARF), have outlined their opposition to asking respondents to the 2020 US census about their citizenship status.Bob...
  
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• Mobile has yet to reach its potential

  08-08-2018 02:00 via warc.com
  LONDON:Mobile has already established itself as an important part of the marketing mix but a new WARC report indicates there is more to come as marketers embed formal mobile strategies and begin to exploit the possibilities of the Internet of...
  
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• Facebook denies play for financial data

  08-08-2018 02:00 via warc.com
  NEW YORK: Facebook has denied reports that it is asking banks for financial information about their customers but said it is exploring how to offer some banking services on Messenger.“A recent
  
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• DOOH boom is coming to India

  08-08-2018 02:00 via warc.com
  MUMBAI: India’s digital out of home (DOOH) market is expected to grow rapidly over the next five years as more sites are converted to this format and as brands take advantage of the medium’s agilityand ability to deliver measurability....
  
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• KFC and Kellogg’s ads banned for promoting junk food to children

  08-08-2018 01:01
  KFC and Kellogg’s have both had ads banned for promoting junk food to children in the latest sign that the ad regulator is stamping down on those that break the rules.
  The Advertising Standards Authority (ASA) made the ruling following complaints from the Obesity Health Alliance that the ads breached rules around advertising products that are high in fat, salt and sugar to children.
  A poster ad for KFC’s Mars Krushems drink, which KFC says was “mistakenly placed” on
  
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