Sales & Marketing news

• Apple CEO Tim Cook is a few days away from a $120 million payday (AAPL)

  22-08-2018 23:04 via feedproxy.google.com
  Apple CEO Tim Cook is in line to earn $120 million in Apple stock on Friday. 
  His compensation is tied to Apple's performance in the stock market. 
  Tim Cook's fortune is tied to Apple's performance in the stock market. 
  In 2013, two years after Cook became CEO, Apple updated his compensation plan to include large chunks of stock that would vest if, over a three year period, Apple outperformed two-thirds of the S&P 500, an index tracking 500 of the biggest public U.S. companies
  
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• Snap CEO Evan Spiegel said he was taught to be seen, but not heard — which is why he can be so shy with his employees (SNAP)

  22-08-2018 22:48 via feedproxy.google.com
  Until recently, Snap CEO Evan Spiegel never presided over companywide meetings, and he rarely interacted with employees, according to a new Bloomberg report.Spiegel said he's shy and his religious upbringing taught him to avoid the spotlight.
  But in response to criticism, he's been trying to interact more with employees and managers.Evan Spiegel is a billionaire thanks to the app he co-created, Snapchat, which is used by millions of people around the world. He is married to Miranda Kerr, a super
  
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• A new study reveals a worrying trend for Facebook, and the problem might not show up in the 'official' numbers (FB)

  22-08-2018 22:19 via feedproxy.google.com
  A third of Facebook users say they're using Facebook and Instagram less than last year, according to a new study.
  The finding highlights changing attitudes towards the social network following its chain of scandals.
  The Silicon Valley company has been rocked by everything from Russian propaganda to data privacy scandals.Russian propaganda. Fake news. Cambridge Analytica. Holocaust denial conspiracy theories. 
  Over the last year or so, Facebook has lurched from scandal to scandal, its execut
  
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• Stocks close mixed as legal worries in Washington hang over historic day on Wall Street

  22-08-2018 22:06 via feedproxy.google.com
  Stocks closed mixed Wednesday even as the S&P 500 hit its 3,453rd day without a major correction, marking the longest bull market in history. Strong earnings reports were unable to calm nerves surrounding a one-two legal punch to the White House that implicated President Donald Trump. The Federal Reserve signaled it would hike rates next month. 
  Here's the scoreboard:
  Dow Jones industrial average: 25,733.94 −88.35 (-0.34%)S&P 500: 2,863.56 +0.60 (+0.021%)Nasdaq Comp
  
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• 'Nonsensical': Some Wall Streeters say all the people celebrating the stock market's longest-ever bull run are doing it wrong

  22-08-2018 22:01 via feedproxy.google.com
  On Wednesday the bull market in stocks became the longest on record by one measure.But strategists have identified at least four other reasons any celebrations should be put on hold.
  The bull market in stocks is now the longest on record. The bull market in stocks is not yet the longest on record.
  Both statements are accurate; it just depends who on Wall Street you're asking.
  While there's agreement that the S&P 500 clinched a new high on Tuesday, not everyone concurs that the market achieve
  
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• IT'S OFFICIAL: The bull market in stocks is now the longest ever. Here are the 4 main reasons it broke the record.

  22-08-2018 22:00 via feedproxy.google.com
  The equity bull market is now the longest on record, at 3,453 days.
  The benchmark S&P 500 has surged a whopping 323% over the period.
  As traders celebrate the feat, they have four main drivers to thank: earnings growth, share buybacks, extended monetary accommodation, and a buy-the-dip mentality.
  Do you remember what were you doing on March 9, 2009?
  If you were buying the S&P 500, you had impeccable timing.
  That's because the equity bull market, which began on that date, is now the
  
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• A member of Congress dipped her toes into crypto — and likely took a big hit

  22-08-2018 20:30 via feedproxy.google.com
  US Representative Tulsi Gabbard of Hawaii bought ethereum and litecoin in December 2017, a financial filing shows 
  Even if the Democrat bought the coins at their lowest prices of the month, she would still be well in the red today.
  Watch  ethereum and litecoin trade in real time here.
  Another US congressperson has disclosed cryptocurrency holdings.
  According to a financial filing released Wednesday, the Democrat from Hawaii's 2nd district bought between $1,001 and $15,000 of both
  
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• Saudi Arabia is reportedly calling off what would have been the world's largest IPO

  22-08-2018 20:04 via feedproxy.google.com
  Saudi Arabia has reportedly called off plans to take state oil company Aramco public.
  The initial public offering would have been the largest deal in history. 
  The decision was made "some time ago," one Saudi source told Reuters.
  Saudi Arabia has reportedly called off plans to take its state-owned oil giant public in what would have been the largest initial public offering in history.
  Reuters reports Saudi Arabia decided it will not move forward with plans for a domestic or international Ar
  
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• Starbucks slides as Wall Street worries it's run out of room to grow in the US (SBUX)

  22-08-2018 18:09 via feedproxy.google.com
  Piper Jaffray cut it's price target for Starbucks to $53 from $60.
  The firm is worried US sales growth could be stalling, and says the stock will remain range bound until trends improve.
  Shares of Starbucks fell about 1.8% in trading Wednesday following the downgrade. 
  Follow Starbucks' stock price in real-time here. 
  Starbucks slid 1.8% in trading Wednesday after Piper Jaffray cut its recommendation to "neutral" from "overweight," citing a slowdown in US same-store sales.
  "We believe
  
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• Tech giants are seeing a profound split in fortunes, and Bank of America has devised a way to profit from their divergence

  22-08-2018 17:58 via feedproxy.google.com
  US and Chinese tech giants are a lot more divorced from each other this year compared to 2017, Bank of America Merrill Lynch derivatives analysts observed. 
  They recommended a trade that could profit from the split between the FAANG +BAT stocks.
  The biggest US and Chinese tech stocks meld together into a convenient acronym — FAANG + BAT. But their fortunes are anything but similar right now. 
  Facebook, Amazon, Apple, Netflix, Google-parent Alphabet, Baidu, Alibaba, and Tencent ar
  
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• TARGET CEO: This might be the strongest consumer environment I've ever seen

  22-08-2018 17:44 via feedproxy.google.com
   Retailers are reporting the strongest sales in over a decade, beating earnings and lifting full-year guidance. 
  "We're currently benefiting from a very strong consumer environment, perhaps the strongest I've seen in my career," Target CEO Brian Cornell said.
  Jefferies analysts say there's no need to worry about the "rise of Amazon" as the e-commerce giant isn't good at selling non-commoditized fashion goods.
  American retailers are experiencing the best consumer environment in ove
  
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• Trump is stepping up the trade war with China, and he's convinced the US can win

  22-08-2018 17:38 via feedproxy.google.com
  Chinese officials are in Washington, DC, for negations with the Trump administration concerning the countries' trade war.
  The two sides are not expected to come to a solid agreement over the next two days, but the talks are a concrete step toward alleviating the trade tensions.
  US President Donald Trump appears to be committed to the trade war with China for the long haul, so it is unclear how much progress could be made.
  While the China fight continues, there are promising signs of easing in th
  
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• RBC: Hedge funds are piling into these 12 stocks unlike any others on the market

  22-08-2018 16:25 via feedproxy.google.com
  RBC Capital Markets has identified the stocks in which major hedge funds bought the most new positions during the second quarter.
  These so-called rockets usually shoot higher while they're being bought and continue rallying after, albeit at a slower pace, according to RBC. 
  The most popular stocks among hedge funds saw little turnover during the second quarter, according to regulatory filings parsed by RBC Capital Markets.
  Tech stocks like Facebook and Microsoft remained the darlings even a
  
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• Bank of America names 2 sectors investors should buy in to as the bull market makes history

  22-08-2018 16:23 via feedproxy.google.com
  Bank of America Merrill Lynch has moved to an overweight on the industrials and healthcare sectors.
  The bank's equity strategists don't see the bull market in stocks ending soon, mainly because earnings growth is still strong.
  This bull market is set to become the longest in history, as measured by its rise from the 2009 trough, after the market close on Wednesday.
  The bull market in US stocks is one day away from making history as the longest ever, as measured by its rise from the trough hit in
  
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• Mark Ritson: Lloyds beware, Noel Edmonds is doing more brand damage than you think

  22-08-2018 16:20
  Noel Edmonds is not a man to fuck around with. Separate your early memories of the TV presenter with the mellifluous voice and extravagant knitwear from the crafty entrepreneur who built a multimillion-pound media empire. Edmonds had the smarts to parlay a 70s career as a DJ into mega stardom in the 80s on TV, then into a wildly lucrative production business.
  But that company, the Unique Group, fell apart a decade ago after Edmonds claims it fell victim to a rogue group of bankers working for HB
  
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• London hedge fund Brevan Howard is reportedly cutting back on office perks like the gym

  22-08-2018 16:19 via feedproxy.google.com
  Hedge fund Brevan Howard has cut floor space at its London headquarters, Bloomberg reports.
  The space was used for a gym, kitchen, meeting areas, and reception.
  Brevan Howard suffered its worst ever year in 2017 but has been bouncing back in 2018.LONDON — Hedge fund Brevan Howard has cut back on perks and space in its head office, according to a report from Bloomberg.
  Bloomberg reported Tuesday that Brevan Howard, which is believed to manage around $8 billion, has cut down on the floor pla
  
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• The Russian ruble is on track for its lowest close in 2 years as Washington ramps up sanctions on Moscow

  22-08-2018 16:17 via feedproxy.google.com
  The Russian ruble fell 1% on Wednesday, putting it on track for its lowest close since June 2016.
  The sell-off came as Washington imposes new sanctions against Moscow.
  Watch the ruble trade in real time here.
  The Russian ruble was on track for its lowest close in more than two years Wednesday as Washington ramped up sanctions on Moscow. 
  The ruble was down 1% to 67.90 per US dollar after the Treasury Department blacklisted a set of Russian companies, entities, and individuals accu
  
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• Xiaomi says revenue soared 68% in first earnings report since its IPO

  22-08-2018 15:44 via feedproxy.google.com
  Xiaomi posted a profit of 14.6 billion yuan ($2.1 billion) on 45.2 billion yuan revenue.
  The company's main business — smartphones — saw sales increase 58.7% versus last year.Xiaomi smartphone average selling price in mainland China increased over 25%.
  IoT and lifestyle products segment grow fast.
  Xiaomi reported its first quarterly results after going public last month in Hong Kong, saying second-quarter revenue jumped to 68.3% year-over-year to 45.2 billion yuan. 
  The com
  
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• Legal marijuana could be worth $47 billion in the US alone, according to a Wall Street analyst (STZ, CGC)

  22-08-2018 15:36 via feedproxy.google.com
  RBC Capital Markets is trying to address investor anxiety surrounding the nascent marijuana industry.
  The bank says Constellation Brands' recent investment in Canopy Growth is "exactly the type of move that more companies should be making."
  RBC estimates that the US's legal marijuana sales could reach $47 billion in the next decade.
  Wall Street is catching the cannabis bug.
  In a lengthy note to clients on Wednesday, RBC Capital Markets estimates that US marijuana sales are quickly catching up to
  
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• JPMorgan's quant guru breaks down why the 'unprecedented' dominance of US stocks is headed for a rude awakening

  22-08-2018 15:21 via feedproxy.google.com
  JPMorgan's global head of quantitative and derivatives strategy, Marko Kolanovic, notes that US equities are dominating their European and Asian counterparts to an "unprecedented" degree.
  Kolanovic lays out two paths forward for the US market, neither of which bodes particularly well for it — at least relative to the international peers it's so thoroughly dominated.
  US stocks are dominating their peers in Europe and Asia to an "unprecedented" degree, JPMorgan says. But the firm warns that'
  
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• Molly Fleming: Coca-Cola’s experiment shows crowdfunding can be the fast track to innovation

  22-08-2018 14:42
  It can take years to get new products to market. Start with extensive research and development, carry out hundreds of tests, move on to endless focus groups, all before the product even hits the shelves.
  However, this month Coca-Cola challenged this traditional route to market in North America by using crowdfunding platform Indiegogo to gauge US consumers demand for premium water brand Valser. By all accounts the campaign went well and the drink is now being piloted in selected restaurants in A
  
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• Meet the direct-to-consumer brands shunning traditional agency relationships

  22-08-2018 14:27
  The Eve Hybrid mattress is delivered to consumers’ door in a box to trial at home.Direct-to-consumer brands are more than comfortable disrupting traditional sectors and cutting out retailers to get closer to customers, but they are also confidently shaking up traditional agency relationships in a bid to find new models that work for them.
  Nurturing talent in-house by building fully-fledged marketing teams is helping these disruptive players take control of their creative, digital and
  
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• Tobacco giant Philip Morris wants to be a ‘disruptive insider’ as it targets the smoke-free market

  22-08-2018 08:30
  Tobacco giant Philip Morris International describes itself as a disruptive insider challenging the status quo by cutting demand for cigarettes while simultaneously growing the market for smoke-free alternatives.
  Over the past decade the company behind the world’s biggest cigarette brand Marlboro has invested $4.5bn in R&D as it refocuses on science and technology. The firm has also been busy filing patents, with more than 3,400 granted and in excess of 5,000 pending.
  “We now hav
  
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• What B2B brands can teach B2C marketers about customer experience

  22-08-2018 08:00
  Business-to-business (B2B) marketing has long been deemed the poor cousin of its consumer-focused counterpart.
  But B2B brands can no longer afford to lag behind consumer brands when it comes to customer experience given people measure brands by the same standard no matter if it’s a business or personal purchase.
  As a result, there is now far less of a void between best practice in B2B and B2C marketing, creating many more opportunities for consumer marketers to learn from their business p
  
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