Sales & Marketing news

• Amazon has quietly taken a big and fast-growing stake in a $7 trillion market (AMZN)

  11-09-2018 23:42 via feedproxy.google.com
  In addition to Amazon Web Services and its advertising initiative, Amazon has another fast-growing business — its business-to-business marketplace.
  Sales through Amazon Business have now reached an annual rate of $10 billion, and the marketplace is being used by "millions of businesses" around the globe.
  Total sales through the marketplace could exceed $25 billion by 2021, said Colin Sebastian in a new research note.Amazon is known as the leading online store for consumers, but it's quickl
  
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• A cryptocurrency created as a joke about a dog meme is surging while other coins are tanking

  11-09-2018 22:43 via feedproxy.google.com
  With a sharp sell-off that gripped cryptocurrency markets since the beginning of the year, a coin deemed as the biggest joke by many in the community has became the outlier to crypto-land this time.
  Dogecoin, an alt-coin inspired by a Doge meme, has jumped more than 160 percent over the last 30 days, according to data on CoinMarketCap, a website tracking crypto trading performance. In fact, Dogecoin is the only crypto that's posted big gains in the last month, with all of the other coins includ
  
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• Stocks jump as tech, energy rally

  11-09-2018 22:08 via feedproxy.google.com
  Stocks rose Tuesday as trade war fears took a backseat to energy and tech rallies. Apple surged ahead of the unveiling of new iPhones set for Wednesday. The dollar and Treasury yields edged higher.
  Here's the scoreboard:
  Dow Jones industrial average: 25,971.19 +114.12 (+0.44%)
  S&P 500: 2,888.19 +11.06 (+0.38%)
  Nasdaq Composite: 7,972.47+48.31 (+0.61%)A Category 4 hurricane is due to make landfall on the East Coast of the
  
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• Oil prices jump as Hurricane Florence adds to supply concerns

  11-09-2018 21:20 via feedproxy.google.com
  Oil prices jumped nearly 3% on Tuesday.
  Hurricane Florence is adding to Iran-related supply concerns, analysts say.
  Watch crude trade in real time here.
  Crude prices jumped nearly 3% on Tuesday as Hurricane Florence headed for the eastern coast of the US, adding to existing supply concerns linked to Washington's looming oil sanctions against Tehran.
  West Texas Intermediate gained nearly $2 a barrel to $69.45. Brent, the international benchmark, rose $1.67 a barrel to trade above $79.
  The Categor
  
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• Snap jumps after formerly neutral analyst raises price target amid management changes (SNAP)

  11-09-2018 21:10 via feedproxy.google.com
  Snap shares are up following a rating upgrade from a team of analysts at Wedbush, who are encouraged by the company's recent management changes.
  The social media company announced Monday that strategy chief Imran Khan was leaving, and Wedbush said his departure was beneficial to the company.
  Khan has "no meaningful strategy or operations experience" and the company's strategy "has never been well-articulated," the analysts said. 
  Watch Snap trade in real-time here.Shares of Snap j
  
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• There's 'ample dry powder' for Apple to ignite as it launches new iPhones, UBS says (AAPL)

  11-09-2018 19:37 via feedproxy.google.com
  Apple is expected to unveil three iPhone models Wednesday, and sales of the devices could grow 6% next year, according to UBS analysts.
  The recurring nature of Apple's hardware and services revenues would help send the shares up 13% over the next 12 months, they said.
  Even with Apple's hardware business trading at a premium to its peers, there "still seems ample dry powder" as the stock remains a top underweight with active managers, UBS said.  
  UBS expects consumers to upgrade their i
  
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• Donald Trump's NAFTA approach is doomed

  11-09-2018 18:27 via feedproxy.google.com
  President Trump's approach to renegotiating NAFTA is plagued by political and policy errors.
  His push for a Mexico-only deal is politically and legally unworkable — he must seek a three-country deal.
  But his unwise push to weaken investor protections will be blocked by interests in Canada and the US.
  He must change his approach and find ways to strengthen the agreement in all three parties' interest.The United States and Mexico came to terms on a new “agreement” last month tha
  
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• Insurance and construction stocks are getting hammered ahead of Hurricane Florence

  11-09-2018 18:26 via feedproxy.google.com
  Equity investors are scrambling to position themselves ahead of Hurricane Florence's expected landfall on Friday morning.
  Insurance and construction-material stocks have been the worst hit so far, while companies specifically tied to the roofing industry have climbed.
  Oil remains a wild card. While it's historically spiked amid natural disasters, some experts have noted that there aren't any major refineries in Hurricane Florence's path.With Hurricane Florence barreling down on the Carolina
  
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• Argentina's currency continues to slide despite the world's highest interest rates and a $50 billion IMF bailout

  11-09-2018 18:06 via feedproxy.google.com
  The Argentine peso was down more than 1% against the dollar on Tuesday.
  Sweeping austerity measures and a $50 billion credit line have failed to prop up the currency.
  Follow the peso in real time here.
  The Argentine peso continued to slide Tuesday, even after officials stepped up efforts to support a historic International Monetary Fund credit line that had been extended to the country earlier this year amid a spiraling economic crisis.  
  Even a central bank rate hike to 60% last month
  
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• JPMorgan is working on a way to reward you to improve your credit score, and it may be the future of consumer finance (JPM)

  11-09-2018 17:25 via feedproxy.google.com
  JPMorgan CEO Jamie Dimon said the bank is considering ways to reward customers for boosting their credit scores, such as offering rewards points or reducing the rate on their loan, according to an interview he gave to Business Insider.
  The ideas are part of a larger effort at the firm's consumer bank to help consumers improve their financial health.
  In the coming months, the firm will begin beta testing a number of tools to help consumers get more fit financially, according to a person with know
  
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• 'If you get to 700, 750, we'll cut your mortgage costs a little bit': JPMorgan is working on ways to reward you for improving your credit score, and it may be the future of consumer finance (JPM)

  11-09-2018 17:25 via feedproxy.google.com
  JPMorgan CEO Jamie Dimon said in an interview with Business Insider in July that the bank was considering ways to reward customers for boosting their credit score, such as offering rewards points or reducing the rate on a loan.
  The ideas are part of a larger effort at the firm's consumer bank to help customers improve their financial health.
  In the coming months, the firm is likely to begin beta testing several tools to help consumers get more financially fit, according to a person with knowledg
  
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• Being up front about influencer partnerships won’t damage engagement

  11-09-2018 16:54
  The recent launch of the CMA’s influencer investigation is the latest in a series of industry actions demanding for greater regulation within the talent marketing arena.
  It follows Unilever CMO Keith Weed’s highly-publicised call for greater transparency at Cannes Lions, and pledges from brands such as L’Oréal to only work with authentic influencers, and shows this rapidly evolving industry is being forced to face up to some of its failings.
  Influencer marketing ha
  
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• I drove the $78,000 high-performance Model 3 — and it's now my new favorite Tesla (TSLA)

  11-09-2018 16:00 via feedproxy.google.com
  The Tesla Model 3 Performance has two motors and can go from 0-60 mph in 3.5 seconds, with a top speed of 155 mph.
  A "base" Performance version can be ordered for $64,000; the car I sampled was fully loaded, at $78,000.
  I drove the Model 3 Performance for only about an hour, in less-than-ideal Manhattan conditions, but my overall impression was that the car is completely brilliant.Here's the bottom line: I really, really, really liked the Tesla Model 3 when I drove it earlier this year — b
  
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• JPMorgan studied decades of market history and compiled a playbook for guarding against losses in the next recession

  11-09-2018 15:50 via feedproxy.google.com
  JPMorgan recently published its investing playbook for the next recession, with recommendations across asset classes.  
  Because this economic cycle is different than previous ones, some of the trades that investors used as late-cycle plays may not quite work this time. 
  The playbook explains what trades may be successful ahead of the next recession. 
  Ten years after the Great Recession, even the most bullish investors have to ponder how and when the next big one will unfold.
  
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• 'No longer investable': One of Tesla's biggest former bulls just slashed his price target, and the stock is tumbling (TSLA)

  11-09-2018 15:31 via feedproxy.google.com
  Tesla dropped Tuesday after being downgraded by Nomura Instinet, which was formerly one of the most bullish firms on Wall Street.
  Shares came under renewed pressure last week amid senior personnel changes, and after CEO Elon Musk was filmed smoking marijuana during a live interview.
  While Nomura says Tesla is "no longer investable," analysts from Baird said earlier this week that traders should "buy even with drama."
  Watch Tesla trade in real-time here.Shares of Tesla dropped more than
  
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• Google is fighting a big, messy battle over whether expanding the 'right to be forgotten' amounts to censorship

  11-09-2018 15:27 via feedproxy.google.com
  Google is currently fighting a big battle in the EU's top court about whether people's "right to be forgotten" should apply globally to its search engine.
  The right means private citizens in Europe can ask Google and other search engines to scrub certain unflattering results about them.
  France's data protection agency said Google only deletes results from its EU search engines, and that the information is still visible on non-EU domains.
  Google argued on Tuesday that applying the rule globally w
  
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• $8 billion Twilio acquired a Prague-based software startup that alerts call-center employees when a customer is mad (TWLO)

  11-09-2018 15:00 via feedproxy.google.com
  Twilio announced Tuesday it's acquired Ytica, a small Czech software firm that sells tools for call centers.
  Twilio plans to combine Ytica's tools with its Flex product, which is coming out in October and is designed to be used by call-center operations with up to 50,000 customer-service agents. 
  Flex is what Twilio calls an "application platform": Customers can use it right away like most software, but they can also edit the code to customize it for their own needs. Twilio will soon b
  
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• Mark Carney has extended his term as Bank of England governor to steer Britain through Brexit

  11-09-2018 13:27 via feedproxy.google.com
  Bank of England Governor Mark Carney has extended his stay in the job until January 2020.
  Carney was previously set to leave his role in June 2019 but has been persuaded to stay on by Chancellor Philip Hammond.
  His extended stay is down to a desire to ensure continuity at the Bank of England as the UK navigates Brexit.LONDON — Bank of England Governor Mark Carney has extended his stay as the head of the UK's central bank for an additional seven months, the Treasury announced on Tuesday.
  Ca
  
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• Mark Carney extends term as Bank of England governor to steer Britain through Brexit

  11-09-2018 13:27 via feedproxy.google.com
  Bank of England Governor Mark Carney extends stay in job until January 2020.
  Carney was previously set to leave his role in June 2019, but has been persuaded to stay on by Chancellor Philip Hammond.
  His extended stay is down to a desire to ensure continuity at the Bank of England as the UK navigates Brexit.LONDON — Bank of England Governor Mark Carney has extended his stay as the head of the UK's central bank for an additional seven months, the Treasury announced on Tuesday.
  Carney, who wa
  
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• Leadership, influence, celebration: What to expect from Marketing Week at the Festival of Marketing

  11-09-2018 12:31
  New for 2018, the Marketing Week Strategy Stage will bring to life some of the biggest strategic challenges for marketers, with the help of some of the biggest names around.
  Highlights include:Two legends of the industry, Sir John Hegarty and RBS CMO David Wheldon, will be answering questions on the past, present and future of marketing to mark Marketing Week’s 40th anniversary.
  In a session that we hope will bolster your standing, Marketing Week columnist and marketing leadership consult
  
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• Marketing Week Meets…Diageo CMO Syl Saller

  11-09-2018 12:29
  The post Marketing Week Meets…Diageo CMO Syl Saller appeared first on Marketing Week.
  
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• MORGAN STANLEY: The stock market's favorite tech juggernauts are headed for a rude awakening — here's what traders should buy instead

  11-09-2018 12:03 via feedproxy.google.com
  Morgan Stanley says market-leading tech stocks are in for a rude awakening.
  It's an extension of the firm's long-standing view that US equities are in the midst of a drawn-out rolling bear market.
  The firm highlights a sector that investors should consider buying instead as tech continues to hurtle towards an abrupt reckoning.All good things must come to an end.
  It's an age-old proverb — and one that Morgan Stanley says applies to the tech sector.
  This is an alarming prognostication when y
  
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• US small-business confidence just hit its highest level in 45 years

  11-09-2018 12:00 via feedproxy.google.com
  The National Federation of Independent Business' small business optimism index hit the highest level in the survey's 45-year history in August.
  Small businesses are planning to hire more workers, raise compensation for current employees, and spend more on capital investments according to the index 
  Juanita Duggan, the president and CEO of the NFIB, attributed much of the increase to President Donald Trump and the GOP's economic policies.
  There is no question that the change of policy i
  
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• UK workers are finally getting a pay rise

  11-09-2018 10:37 via feedproxy.google.com
  UK wage growth picked up to almost 3% in the three months to July.
  "Earnings have grown faster than prices for several months, especially looking at pay excluding bonuses," David Freeman, the ONS' head of labour market statistics said in a statement.
  The increase is in part down to more than one million NHS workers getting a recent pay rise.
  Unemployment continued to fall, with 55,000 fewer people out of work over the period.Wages for British workers surged in the three months to July, according
  
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• Marketoonist on the silo mentality

  11-09-2018 10:13
  Tom Fishburne is founder of Marketoon Studios. Follow his work at marketoonist.com or on Twitter @tomfishburne
  See more of the Marketoonist here
  The post Marketoonist on the silo mentality appeared first on Marketing Week.
  
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• UBS analysed 450 million words to find the companies most worried about Trump's trade war

  11-09-2018 09:37 via feedproxy.google.com
  UBS analysed hundreds of thousands of earnings calls to understand which companies are most impacted by US President Donald Trump's trade war.
  UBS found that words like trade, tariffs, and trade war have been used more often in the last year than at any other point since 2010.
  The automotive sector has discussed the trade war most frequently and has seen the biggest impact in terms of share price drops.When it comes to macroeconomic risks for businesses, Donald Trump's trade war is pretty much t
  
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• Taking on the trolls: Meet the brands fighting hate speech online

  11-09-2018 08:00
  Sam Renke’s advert for Maltesers featuring in the Channel 4 takeover.Trolls are the source of some of the internet’s vilest abuse. And any brand prepared to take a stand with a purposeful campaign is often first in the firing line to experience racist, homophobic, discriminatory or sexist hate speech.
  But rather than just targeting brands, comments often personally attack the individuals involved, meaning businesses have got to be prepared to take responsibility and help protect the
  
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• Apple may finally release a new 'low price' laptop — and it likely won't have its controversial touchscreen keyboard (AAPL)

  11-09-2018 02:16 via feedproxy.google.com
  Apple will release a new laptop model before the end of the year, according to a well-respected analyst at a Hong Kong bank. 
  The new computer will have a fingerprint reader but won't have Apple's controversial Touch Bar, according to the note seen by Business Insider. 
  The laptop will replace Apple's current 12-inch MacBook, according to the note. Apple has a new lower cost laptop in the works that will have a fingerprint sensor but not the company's widely panned touch-sensitive
  
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