Sales & Marketing news

• Stocks close mixed after Trump reportedly OK's additional tariffs on $200 billion worth of Chinese imports

  14-09-2018 22:08 via feedproxy.google.com
  Stocks closed mixed Friday, surrendering earlier gains after Bloomberg reported President Donald Trump instructed his administration to follow through with tariffs on roughly $200 billion worth of Chinese imports — despite a fresh round of trade negotiations between the world's largest economies having been proposed days earlier. 
  Here's the scoreboard:
  Dow Jones industrial average: 26,154.40 +8.41 (+0.03%)
  S&P 500: 2,905.19 +1.01 (+0.
  
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• Canadian cannabis companies are whipping around after report says workers may face lifetime travel ban to US (TLRY, CGC, CRON)

  14-09-2018 20:37 via feedproxy.google.com
  A report out Thursday suggests workers in the Canadian cannabis industry could face a lifetime ban on travel to the US.
  Shares of Canadian cannabis companies were down as much as 15% on the news before paring their losses.
  Ballooning valuations have caused these companies to come under more scrutiny of late.
  Watch Tilray, Canopy Growth, and Cronos trade in real time.Canadian cannabis companies are whipping around Friday morning, tumbling as much as 15% before paring their losses, following a rep
  
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• Nvidia gets a $350 price target — the most bullish on Wall Street (NVDA)

  14-09-2018 20:24 via feedproxy.google.com
   
  Nvidia received a $350 price target at Needham — the most bullish on Wall Street. The chipmaker on Wednesday launched AI data center platform TensorRT, which could deliver the industry’s most advanced inference acceleration.
  Nvidia last month unveiled a new lineup of video cards, GeForce RTX series, which can perform real-time ray tracing thanks to its new Turing architecture. 
  Watch Nvidia trade in real time here.Nvidia shares jump
  
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• Chase is giving wealthy millennials as much as $1,200 in rewards to sign up for a checking account based on its most popular card

  14-09-2018 19:16 via feedproxy.google.com
  Chase announced this week it will offer 60,000 Ultimate Rewards points to customers who open up a new Sapphire Banking account — worth as much as $1,200. 
  But, to be eligible, customers must hold $75,000 in deposits or investments with Chase.
  Current Chase checking customers can upgrade for $25. 
  This is the latest gambit by Chase to lure in wealthy millennials with its Sapphire brand, which started with credit cards and has also experimented with mortgages. 
  First it w
  
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• Acclaimed tech investor Mary Meeker is leaving Kleiner Perkins to start her own fund, and she's taking her team with her

  14-09-2018 19:15 via feedproxy.google.com
  Famed venture capitalist Mary Meeker is leaving Kleiner Perkins to start her own firm.
  Meeker is renowned in the tech world. She grew in prominence during her 19 years as an analyst at Morgan Stanley, and is one of Silicon Valley's top investors.
  But she reportedly disagreed with others at Kleiner Perkins over its investment strategy — as well as less material issues like where to hold the annual office Christmas party. 
  Three of her colleagues are leaving with her.Mary Meeker, a vent
  
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• Chinese tech stocks are getting hit after report says Trump wants to go ahead with tariffs (BABA, IQ, NIO, JD, BIDU)

  14-09-2018 18:46 via feedproxy.google.com
  Chinese tech stocks slid after President Donald Trump reportedly OK'd hitting China with the next round of tariffs.
  Treasury secretary’s attempt to restart trade talks with Beijing and China welcomed the invitation on Thursday.
  China said it will not buckle to US demands in any trade negotiations, reported by Reuters.
  Watch Alibaba, iQiyi, JD.com, Baidu.com, Pinduoduo, Nio trade in real-time here.Chinese tech stocks are getting sliding
  
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• Trump reportedly wants to push forward with tariffs on $200 billion worth of Chinese goods despite new trade talks

  14-09-2018 18:25 via feedproxy.google.com
  President Donald Trump has instructed aides to move forward with tariffs on $200 billion worth of Chinese goods despite new trade talks with Beijing, according to Bloomberg.
  Trump told reporters last week that tariffs were coming "soon," but final details about which goods the tariffs would apply to have delayed their imposition.
  Stocks fell in reaction to the Bloomberg report.President Donald Trump wants to move forward with tariffs on $200 billion worth of Chinese goods despite new overtures t
  
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• Turkey's currency slides after Erdogan takes aim at its central bank for hiking rates

  14-09-2018 18:04 via feedproxy.google.com
  Turkey's central bank raised its benchmark interest rate sharply Thursday.
  The Turkish lira rallied briefly, but fell after President Recep Tayyip Erdogan criticized the central bank for the move.
  Follow the Turkish lira in real time here.
  Turkey's currency slid Friday as President Recep Tayyip Erdogan took aim at its central bank for sharply raising its benchmark interest rate a day before.
  The lira fell as much as 1.6% against the US dollar after Erdogan, a self-proclaimed enemy of intere
  
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• The owner of Victoria's Secret is closing down Henri Bendel — but that solves just a small piece of a much bigger problem (LB)

  14-09-2018 17:51 via feedproxy.google.com
  L Brands, the owner of Victoria's Secret, announced it will close Henri Bendel in January 2019.
  The closure is a small piece of a much bigger problem at L Brands, Jefferies says.
  L Brands should take further actions, such as cutting its dividend, closing more stores, and reducing capital expense, the analysts said.
  L Brands shares are up more than 4% on the news.
  Watch L Brands trade in real-time here.L Brands, the owner of Victoria's Secret, announced Friday it is shutting down&n
  
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• There's a simple way to tell the US job market is not as strong as it appears

  14-09-2018 16:26 via feedproxy.google.com
  US wage growth remains weak given the low level of unemployment, suggesting the job market still has room for improvement. 
  "The definition of full employment is low- and moderate-wage workers actually get raises," said Josh Bivens, director of research at the Economic Policy Institute. "We are not at full employment yet."
  Wage growth was both more rapid and more equally shared during the three decades after World War II than over the last four decades, a new EPI report shows.Who was it tha
  
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• Three young marketers on what it will take to get kids interested in marketing careers

  14-09-2018 15:50
  Olivia Gold, senior fashion marketing co-ordinator, Debenhams
  “My interest in marketing originated from an editorial perspective, because I thought it was compelling how a picture made me like a product or a brand.
  “At school I did business studies for GCSE, which included a marketing-specific module that touched on the basics of the 4Ps, but I think you would have to have done business to know about marketing at my school. If you’re a student who has talents, but just doesn&r
  
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• Nike, Coca-Cola, EasyJet : 5 things that mattered this week and why

  14-09-2018 15:47
  Has Nike got the targeting right with its Colin Kaepernick ad?
  Few campaigns have split opinion quite like the Nike ad that features Colin Kaerpernick. For many, Kaerpernick is someone to admire for standing up for racial injustice. For others, his decision to take the knee during the national anthem at NFL games is disrespectful. And so reactions to the campaign have been both hugely positive and hugely negative.
  Nike must have known that its decision would prompt both outrage and acclaim. The
  
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• Brands look to the future of ad tech at Dmexco

  14-09-2018 15:19
  Every year, tens of thousands of people flock to Cologne for Europe’s biggest digital marketing conference. Turn up to the airport-sized Koelnmesse too early and you’d be forgiven for thinking Dmexco – now in its ninth year – has lost its buzz. But after two days at the adtech extravaganza, it is clear it hasn’t. It’s still big, busy (perhaps not quite as much as in previous years) and a hive of conversations this year dominated by GDPR, voice assistants and
  
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• One of the leading companies in the video-game business is gunning to take over the enterprise software industry (ORCL)

  14-09-2018 15:00 via feedproxy.google.com
  Unity Technologies offers the most popular software used to develop mobile video games.
  But the company's long-term future lies outside the game industry, company CEO John Riccitiello told Business Insider.
  The company's tools are already being used to do things such as offer virtual tours of new buildings and real-estate developments.
  But its opportunity outside the game industry isn't a sure thing; it already faces competition from companies that have long catered to the types of enterprise cl
  
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• Here's the math to figure out how much the Tesla of China may be worth in the future (NIO)

  14-09-2018 14:57 via feedproxy.google.com
  Nio, known as the Tesla of China, debuted for trading in the US on Wednesday.
  Shares surged 75% Thursday, despite Bernstein analyst Robin Zhu giving shares an "underperform" rating.
  Nio's current $12 billion market cap could double in five years, according to Evercore ISI.
  Watch Nio trade in real time here.Nio, known as the Tesla of China, could be worth double its current valuation in five years, according to analysts from Evercore ISI.The stock had a disappoi
  
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• Banks are keeping closer tabs on your reputation than ever before — and it may explain why one Sapphire Reserve cardholder mysteriously had his account shut down by Chase (JPM)

  14-09-2018 13:32 via feedproxy.google.com
  Over the past year, stories have piled up in online communities of credit-card super users suddenly having their accounts shut down by JPMorgan Chase.
  The case of Bryan Sequeira seemed similar at first, but upon closer inspection, it proved particularly unusual and confounding.
  Sequeira, who has a strong credit profile and doesn't game the points system to maximize rewards, was informed this summer that his accounts would be terminated by Chase.
  But even after his appeal, the company not only de
  
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• Dozens of retailers testified about how Trump's trade war with China could affect them — here's what they said

  14-09-2018 12:55 via feedproxy.google.com
  The Trump administration has threatened to place tariffs on all Chinese products entering the US. In addition to a round of duties on $200 billion worth of Chinese goods that could be announced any moment, President Donald Trump last week said another $267 billion worth of imports could be targeted as well.
  Hundreds of company and industry representatives testified before trade officials in Washington last month about how the next round of duties could affect them. The hearings lasted more than
  
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• 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, JPM, GS, NIO)

  14-09-2018 12:49 via feedproxy.google.com
  Here is what you need to know.
  Hurricane Florence nears landfall. With winds and rain already battering the US coast, the eye of the storm is expected to make landfall near Wilmington, North Carolina, on Friday with sustained winds of 90 mph.
  China says it will not 'surrender' in the trade war. "The Trump administration should not be mistaken that China will surrender to the US demands," an editorial in the state-run China Daily paper said on Friday. "It has enough fuel to drive its economy even
  
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• Top 10 picks for what to see at the Festival of Marketing

  14-09-2018 12:37
  Marketing Week will be hosting a panel in partnership with marketing intelligence company MiQ on creating the ‘Future Marketing Organisation‘. Hiscox’s global brand director Annabel Venner, Pret A Manger’s chief customer officer Barnaby Dawe, head of digital media partnerships at Diageo Jerry Daykin and MiQ CMO Rebecca Mahoney will explore the culture, structure and processes that will make marketing fit to meet the future needs of customers.
  There will be a mix of insigh
  
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• Morgan Stanley says industrial companies will dominate the market going forward — here are the 8 stocks it loves the most

  14-09-2018 12:03 via feedproxy.google.com
  Morgan Stanley is the most bearish firm on Wall Street when it comes to equities, but that doesn't mean the firm thinks the market is devoid of money-making opportunities.
  The firm is bullish on the industrial sector and has identified eight stocks it thinks will outperform the broader market going forward.Morgan Stanley is the most bearish firm on Wall Street right now when it comes to stocks.
  Over the past few weeks, it has made no bones about what it calls a "rolling bear market" — or t
  
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• 'As catastrophic as the financial crisis': Here's what Mark Carney warned politicians will happen to the UK economy after a no deal Brexit

  14-09-2018 10:10 via feedproxy.google.com
  Bank of England Governor Mark Carney privately warned the government of the potentially dire economic consequences of a no deal Brexit.
  Carney reportedly told Prime Minister Theresa May's cabinet on Thursday that a no deal Brexit outcome "could be as catastrophic as the financial crisis."
  Among the consequences of no deal would be a 35% house price crash, and the UK's rate of unemployment more than doubling.LONDON — Bank of England Governor Mark Carney has privately warned the UK governmen
  
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• UBS expects London to lose 25% of a €1 trillion-a-day business due to Brexit

  14-09-2018 08:59 via feedproxy.google.com
  UBS: LCH, the London clearing house owned by the London Stock Exchange, is likely to lose at least 25% of its euro clearing volumes as a result of Brexit.
  LCH processes the bulk of all euro clearing in the UK, which is a €1 trillion-a-day business.
  Even if Britain avoids a "hard" Brexit, UBS expects volumes to shift to the continent as regulators order firms to do so to guard against the potential risk.
  Deutsche Bank, Barclays, and HSBC have all moved some of their euro-denominated clearing
  
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