Sales & Marketing news

• Stocks tumble as markets brace for Trump's next round of tariffs

  17-09-2018 22:04 via feedproxy.google.com
  Stocks fell Monday as markets braced for major escalations in the US-China trade war. The Nasdaq Composite dropped nearly 1.5%, with companies like Apple earlier warning tariffs could force them to raise prices. The dollar and Treasury yields slid. 
  Here's the scoreboard: Dow Jones industrial average: 26,062.46−92.21 (0.35%)
  S&P 500: 2,889.11 −15.87 (0.55%)
  Nasdaq Composite: 7,895.79 −114.25 (1.43%)
  The Trump administration is expected to impo
  
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• Ford is investing rapidly in the US and will have the 'freshest showrooms in the industry by 2020,' an exec says (F)

  17-09-2018 21:30 via feedproxy.google.com
  Ford recently decided to cancel plans to import the Focus Active to the US from China.
  Ford cited Trump administration tariffs as its reason — the low-volume vehicle wouldn't be viable.
  But Ford's North American head said that the carmaker is making substantial investments in the US market. 
  Last month, Ford decided to abandon a strategy of importing a new small vehicle, the Focus Active, to the US from China because Trump administration tariffs would have undermined the car's profita
  
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• THE BIG ONE: Trump is set to slam China with tariffs on $200 billion worth of goods, taking the trade war to the next level

  17-09-2018 21:23 via feedproxy.google.com
  President Donald Trump is expected to hit China with tariffs on another $200 billion worth of Chinese goods.
  The move is seen as a major escalation of the US-China trade war.
  China is expected to respond with more tariffs.
  Economists expect the tariffs to increase the cost of goods for US consumers and possibly slow the broader US economy.President Donald Trump is expected to order the US trade representative to impose tariffs on $200 billion worth of Chinese goods, catapulting the US-China trad
  
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• JD.com sinks after getting its most bearish target on Wall Street (JD)

  17-09-2018 21:23 via feedproxy.google.com
  JD.com shares dropped more than 5% Monday after Morgan Stanley slashed its price target.
  CEO Liu Qiangdong was briefly detained in the US over Labor Day weekend due to a rape allegation. He denied any wrong doing and has returned to China.
  Liu will no longer attend a state-run artificial intelligence forum in Shanghai this week, Reuters says.
  Watch JD.com stock price in real time here.JD.com dropped more than 5% Monday after Morgan Stanley slashed its price target to $25
  
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• The DOJ just approved Cigna's $67 billion merger with Express Scripts (ESRX, CI)

  17-09-2018 21:09 via feedproxy.google.com
  The Department of Justice just cleared Cigna's $67 billion merger with Express Scripts.
  The deal combines a health insurer and a company that helps negotiate lower prices for prescription drugs in the form of rebates on behalf of health plans.
  Cigna and Express Scripts said Monday that they expect the deal to close by the end of 2018.
  Watch Cigna and Express Scripts trade in real time.The US Department of Justice just cleared Cigna's $67 billion merger with Express Scripts.
  Cigna, one of the US'
  
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• Fitbit erases its losses after report says smartwatches won't be on tariff list (FIT)

  17-09-2018 20:45 via feedproxy.google.com
  Fitbit shares erased their losses after a Bloomberg report said the US won't include smartwatches in the next round of tariffs.
  The Asia-Pacific market was a bright spot for the company.
  Watch Fitbit trade in real time here.Fitbit shares erased their losses after Bloomberg reported the US won't include smartwatches on the list of $200 billion worth of Chinese goods that will be hit with upcoming tariffs. Shares were down 3% before the news. 
  The proposed tariffs could have po
  
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• Trump's top economic adviser says announcements on more Chinese tariffs are 'coming soon'

  17-09-2018 20:36 via feedproxy.google.com
  White House economic adviser Larry Kudlow said Monday announcements on Chinese tariffs would likely be "coming soon."
  The US and China had been considering holding high-level trade talks next week.
  China said it would pull out of those talks and retaliate if the Trump administration imposes additional tariffs.Top White House economic adviser Larry Kudlow said Monday that announcements regarding another round of tariffs on Chinese imports would likely be "coming soon," raising concerns for a majo
  
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• Wall Street salaries reach $422,500 on average, hitting highest level since financial crisis

  17-09-2018 20:01 via feedproxy.google.com
   
  The average salary on Wall Street increased last year by 13% to its highest level since the 2008 financial crisis. 
  Annual pay in New York City's securities industry reached $422,500 on average in 2017, said the report, which was released on Monday by the New York state comptroller Thomas DiNapoli.
  Wall Street pay rose as profits in the industry grew by 42% to $24.5 billion in 2017. In the first half of 2018, it reported a total profit of $13.7 billion, up 11% compared with the
  
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• Wall Street bankers are getting paid more than at any time since the financial crisis

  17-09-2018 20:01 via feedproxy.google.com
   
  The average salary on Wall Street increased last year by 13% to its highest level since the 2008 financial crisis. 
  Annual pay in New York City's securities industry reached $422,500 on average in 2017, said the report, which was released on Monday by the New York state comptroller Thomas DiNapoli.
  Wall Street pay rose as profits in the industry grew by 42% to $24.5 billion in 2017. In the first half of 2018, it reported a total profit of $13.7 billion, up 11% compared with the
  
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• The Tesla of China is getting slammed (NIO)

  17-09-2018 18:31 via feedproxy.google.com
  Nio shares dropped 12% Monday amid trade tensions.
  The Chinese electric-car startup debuted for trading in the US on Wednesday, and surged 75% on Thursday.
  Nio is not the only recently-listed Chinese startups that experienced big gains last week.
  Watch Nio trade in real time here.Nio, known as the Tesla of China, dropped 12% Monday after debuting on US markets last week.
  Shares had a disappointing debut on Wednesday after the Chinese electric-car maker priced a
  
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• GOLDMAN SACHS: Businesses around the world are undergoing a $127 trillion payments revolution, and these 11 tech stocks will profit the most

  17-09-2018 18:15 via feedproxy.google.com
  Businesses around the world pay each other about $127 trillion every year, and the process is still bogged down by paperwork and administrative costs. 
  According to a report from Goldman Sachs, there's $1 trillion in revenue to be earned by companies such as credit-card networks that digitize and cheapen the business-to-business payments process. 
  The analysts listed 11 publicly traded companies at the forefront of this opportunity. A $1 trillion opportunity is open for companies
  
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• TripAdvisor goes deeper into social with relaunch as a travel ‘hub’

  17-09-2018 18:12
  TripAdvisor is relaunching its website as a personalised travel hub that will allow users to save recommendations, follow friends and influencers and create their own “inspiring” content.
  Speaking on a press call today (17 September), CEO and co-founder Stephen Kaufer said the website is “going from the world’s largest travel site to the most personalised and connected travel community ever.”
  The revised platform appears to work like a social network, with users gi
  
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• Twitter is trading at its lowest price since April after a brutal note from a Wall Street analyst (TWTR)

  17-09-2018 18:02 via feedproxy.google.com
  Twitter shares fell to their lowest price in months on Monday after a brutal research note from MoffettNathanson.
  "For a business locked in competition with industry giants and under siege from regulators, reported operating expense growth has been amazingly low," analyst Michael Nathanson said.
  Follow Twitter's stock price in real-time here. 
  Twitter shares fell more than 4% to $28.43 on Monday, their lowest price since April, after MoffettNathanson cut its price target to a Wall
  
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• MoviePass' parent company wants approval for a dramatic reverse stock split of up to 1-for-500, just months after its 1-for-250 one failed to stabilize the stock (HMNY)

  17-09-2018 16:59 via feedproxy.google.com
  MoviePass' parent company, Helios and Matheson Analytics, will propose a reverse stock split of up to 1-for-500 to its shareholders in a special meeting next month.
  It's the latest attempt by the struggling movie-ticket subscription service to not have the HMNY stock be delisted by the Nasdaq in mid-December. 
  Next month, MoviePass will try its most dramatic step yet to revive its failing stock.
  In a filing with the Securities and Exchange Commission on Monday, the movie-ticket subscription
  
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• How AI Can Help Retailers Fight Shrink

  17-09-2018 16:35 via retailpro.com
      Retailers struggle with “shrink” — thefts from retailers that includes shoplifting and employee stealing — to the tune of $46.8 billion in 2017, according to the National Retail Federation. Retailers lose an average of 1.33% of sales, on …
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• Tyson Foods CEO Tom Hayes is stepping down for personal reasons (TSN)

  17-09-2018 16:24 via feedproxy.google.com
  Tyson Foods CEO Tom Hayes is stepping down, with veteran leader Noel White succeeding his role, the company announced Monday.
  The company reiterated his adjusted earnings-per-share guidance for fiscal year 2018.
  The sudden CEO transition is a "surprise", but should not cause any short-term volatility, said Jefferies analyst Akshay Jagdale.
  Watch Tyson Foods trade in real time here.Tyson Foods CEO Tom Hayes is stepping down for personal reasons, but the man
  
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• Beverage giants like Heineken and Constellation Brands are duking it out in the billion-dollar market for marijuana-infused drinks

  17-09-2018 16:15 via feedproxy.google.com
  Coca-Cola is reportedly eyeing a deal to produce CBD-infused beverages.
  Beverage companies are looking to develop marijuana-infused beverages as a way to revitalize their businesses.
  Constellation Brands, the third-largest beer company in the US, this week invested $4 billion in Canopy Growth, a Canadian marijuana cultivator, to develop marijuana-infused beverages and other products.
  Lagunitas, Heineken's California-based brand, recently developed a hoppy, THC-infused sparkling water. 
  
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• Saudi Arabia shuns Tesla, invests $1 billion in rival Lucid Motors (TSLA)

  17-09-2018 16:08 via feedproxy.google.com
  Saudi Arabia's Public Investment Fund is investing $1 billion in Lucid Motors, a Tesla rival.
  The kingdom was previously in talks with Tesla about funding its go-private bid.
  Follow Tesla's stock price in real-time here. Tesla slid as much as 2% Monday after Saudi Arabia's public-investment firm announced a $1 billion investment in rival Lucid Motors.
  The kingdom's Public Investment Fund had previously been in talks with Tesla around the time of its exploration of going private. Musk said i
  
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• Coca-Cola is reportedly eyeing the legal marijuana industry, and it could soon be a bigger market than soda

  17-09-2018 15:51 via feedproxy.google.com
  Coca-Cola is in discussions with Aurora Cannabis to develop beverages infused with CBD, a non-psychoactive compound found in marijuana. 
  Legal marijuana is set to hit $75 billion in sales by 2030, according to a note from analysts at the investment bank Cowen.
  The market for marijuana could eventually eclipse soda sales.
  Coca-Cola is reportedly eyeing the legal marijuana industry. The beverage maker is in discussions with Aurora Cannabis, a Canadian cultivator, to develop beverages inf
  
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• Data privacy, customer experience & personalisation: 5 killer stats to start your week

  17-09-2018 15:44
  1. Rise of subscription services fuels boost to TV and video consumption
  A 45% rise in Netflix viewers over the past year and growth in the subscription video-on-demand (VoD) category has reinforced TV and video as the nation’s most popular medium.
  On average, 99% of British adults watch TV and video content for four hours and 41 minutes per day – up 2% year on year. Adults still spend two-thirds (67%) of their viewing time watching live TV, although this is down from 70% in 2017 an
  
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• Campari aims to emulate Aperol’s growth with first major marketing campaign

  17-09-2018 15:41
  Campari is set to launch its first above-the-line campaign in the UK as it looks to replicate growth it has seen at sister brand Aperol by tapping into growing consumer taste for more bitter drinks.
  Nick Williamson, the brand’s marketing director, explains: “If you prompt people and ask the question, ‘Are you aware of Campari?’, a  lot of people say yes. But on the spontaneous level people don’t necessarily think about it. It’s about starting that c
  
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• Berghaus launches biggest ever campaign as it looks to get people outdoors

  17-09-2018 15:36
  Outdoor sports brand Berghaus is launching its biggest ever marketing campaign, the first stage of a sustained five-year initiative to drive awareness and growth of the brand, as its owner Pentland Brands looks to grow its brands faster.
  The campaign, created by VCCP, focuses on encouraging consumers to escape the stresses of modern life by reconnecting with friends and family in the outdoors.
  The ‘Time to Get Out’ activity uses messages such as ‘Stuck in meetings about meetin
  
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• India's currency nears all-time lows even as government scrambles to prop it up

  17-09-2018 15:24 via feedproxy.google.com
  The Indian rupee neared all-time lows Monday.
  India's government announced a plan to curb imports last week. 
  Watch the rupee trade in real time here.
  India's currency neared all-time lows Monday even after the government rolled out various measures aimed at propping up the worst-performing Asian currency of 2018.
  The Indian rupee fell as much as 1% to 72.6 per US dollar, even after Finance Minister Arun Jaitley announced a plan to lower the country's current account deficit, saying the fal
  
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• Coca-Cola is 'closely watching' the cannabis space — and is reportedly eyeing a deal with one of Canada's biggest producers (KO)

  17-09-2018 14:58 via feedproxy.google.com
  Coca-Cola has been in talks with Aurora Cannabis to produce CBD-infused drinks, Bloomberg reported Monday.
  Shares of Aurora popped more than 15% on the report, but the companies did not confirm the discussions.
  An increasing number of beverage companies are rapidly investing in the marijuana space as the drug gains legalization in more jurisdictions.Coca-Cola is said to be in discussions with Aurora Cannabis to develop beverages infused with CBD, one of the nonpsychoactive compounds found in can
  
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• Trump doubles down on trade war with China and warns: 'If countries will not make fair deals with us, they will be "Tariffed!"'

  17-09-2018 12:47 via feedproxy.google.com
  President Donald Trump on Monday said tariffs had put the US "in a very strong bargaining position."
  He threatened other countries with tariffs if they didn't "make fair deals with us."
  The US is expected to levy tariffs on another $200 billion worth of Chinese goods as soon as Monday.
  China has threatened to retaliate and pull out of negotiations if that happens.US President Donald Trump escalated his trade-war rhetoric on Monday, threatening unspecified countries with tariffs if they "will not
  
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• 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, JD, TSLA)

  17-09-2018 12:46 via feedproxy.google.com
  Here is what you need to know.
  A new round of tariffs on Chinese goods could come as early as Monday. China could reject trade talks if President Donald Trump imposes fresh tariffs on $200 billion worth of Chinese goods, The Wall Street Journal says.
  US household wealth is above $100 trillion for the first time — but that excess could be signaling the next market crash. "Household net worth cannot sustainably grow this much faster than incomes," Russ Mould, an investment director at AJ Bel
  
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• 'The whole point of advertising is to be a little bit out of the box'

  17-09-2018 12:00 via warc.com
  Just a few days remain to enter the 2018 WARC Media Awards, a global case study competition that rewards effective comms planning. Here, Lucy Aitken, WARC’s Managing Editor – Case Studies, reflects on the objectives of...
  
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• Unilever, Sports Direct, Time magazine: Everything that matters this morning

  17-09-2018 08:15
  Salesforce co-founder buys Time magazine
  The billionaire co-founder of Salesforce Marc Benioff and his wife Lynne are buying Time magazine for $190m.
  The global multimedia brand, which is owned by US media group Meredith Corporation, reaches a combined audience of more than 100 million readers in print and online – including 80% of US millennial women.
  Meredith, which bought Time’s parent company Time Inc in January, says the Beninoffs will not be involved in the day-to-day operatio
  
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• Time magazine, Sports Direct, Unilever: Everything that matters this morning

  17-09-2018 08:15
  Salesforce co-founder buys Time magazine
  The billionaire co-founder of Salesforce Marc Benioff and his wife Lynne are buying Time magazine for $190m.
  The global multimedia brand, which is owned by US media group Meredith Corporation, reaches a combined audience of more than 100 million readers in print and online – including 80% of US millennial women.
  Meredith, which bought Time’s parent company Time Inc in January, says the Beninoffs will not be involved in the day-to-day operatio
  
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• Kinder, Mastercard, Horlicks: Everything that matters this morning

  17-09-2018 08:15
  Kinder website banned for promoting junk food to children
  A website, app and YouTube channel that promote Kinder chocolate have been banned for advertising to children
  The homepage of the Kindernauts website featured cartoons of a sun and rainbow, a Kinder chocolate branded video showing children playing and “fun activities and prizes”. The website magic.kinder/en also had Kinder branding alongside games and videos that were labelled as suitable for children above the age of three,
  
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• Deliveroo, McDonald’s, Ryanair: Everything that matters this morning

  17-09-2018 08:15
  Uber in talks to buy rival Deliveroo
  Uber is in early talks to buy rival food delivery service Deliveroo in a deal said worth billions.
  By acquiring UK-based Deliveroo, which was last valued at £1.5bn, Uber, which operates Uber Eats, plans to dominate the food delivery market across Europe.
  Although the exact value of the deal is unknown, sources have told Bloomberg it will need to be considerably higher than its current valuation.
  The deal could fall down, however, as Deliveroo and its i
  
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• Coca-Cola, Instagram, House of Fraser: Everything that matters this morning

  17-09-2018 08:15
  Trust between media agencies and advertisers declines
  Trust between media agencies and advertises has declined in the last two years, according to a new report.The ID Comms media transparency survey, which  collects the views of marketing, media and procurement professionals, found that40% of the respondents said levels of trust between advertisers and their media agencies was ‘low’ — an increase of 11% from 2016.According to the report some of those surveyed said the
  
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• Amazon, gambling adverts, Alzheimer’s UK: Everything that matters this morning

  17-09-2018 08:15
  Labour vows to ban TV gambling advertising
  Labour has pledged to ban gambling advertising during live sports if it wins the next election as the party attempts to curb problematic gambling.
  Deputy leader Tom Watson has defined problem gambling as a “public health emergency” and “Britain’s hidden epidemic”. He has also accused the opposition for not properly helping the UK’s estimated 430,000 problem gamblers.
  As part of the proposal the Labour party would int
  
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• From counter-culture magazine to global entertainment brand: Time Out turns 50

  17-09-2018 08:00
  It’s been 50 years since Time Out launched as a one-sheet pamphlet listing the hottest events taking place in the UK’s capital city.
  From the swinging 60s and punk-rock 70s, through to 80s disco and 90s Brit pop and grunge, Time Out has witnessed the birth and death of some of Britain’s most iconic eras – as well as being vocal on a number of political and cultural issues such as gay rights, racial equality and police harassment.
  Time Out, too, has evolved. Onc
  
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• Category escapology: How brands are breaking free of their core market

  17-09-2018 08:00
  For established brands, the pursuit of constant growth is a gruelling task and there are only so many levers you can pull – whether it be price, product, promotion or distribution – to keep boosting sales year after year.
  There comes a time when any brand owner must decide whether the existing product portfolio still has sufficient potential.
  When the answer is no, marketers either have to identify new uses for their products or escape the bounds of their category and explore n
  
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