Sales & Marketing news

• The US and Canada are reportedly closing in on a NAFTA deal as a critical deadline looms

  29-09-2018 21:25 via feedproxy.google.com
  The Trump administration set a deadline of Sunday for Canada to agree to a revised version of the North American Free Trade Agreement.
  To step up the pressure, President Donald Trump and US officials threatened to leave Canada behind and sign a bilateral deal with Mexico unless the Canadians agree to a deal by the deadline.
  The pressure appears to be working as reports indicate the two sides are closing in on a deal.
  But there are still several issues outstanding, including dairy tariffs an
  
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• BANK OF AMERICA: The most important segment of the housing market has peaked

  29-09-2018 20:52 via feedproxy.google.com
  The top is in for existing-home sales, which make up 90% of transactions in the US, according to economists at Bank of America Merrill Lynch.
  They cite worsening affordability, higher mortgage rates, and price cuts as reasons sales are unlikely to bounce back after peaking in November.They no longer expect existing-home sales to contribute to the economy's growth.
  The largest segment of the housing market has peaked and will no longer contribute to the US economy's growth, according to US econom
  
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• HOWARD MARKS: Here's where we'll find 'ground zero' of the next financial crisis

  29-09-2018 20:51 via feedproxy.google.com
  Too much money is chasing too few deals in the credit market, according to Howard Marks, the co-founder of Oaktree Capital. 
  In a recent memo, he said debt instruments are likely to be "ground zero" of the next financial crisis. 
  He recommended that instead of avoiding debt, investors should favor prudent strategies over risk-taking. The stock market's historic bull run often comes into the purview of people trying to figure out what will cause the next big crash.
  But that's not w
  
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• CITI: Here's how to crush earnings season long before companies even report their results

  29-09-2018 20:51 via feedproxy.google.com
  Ahead of third-quarter earnings, Citi's quant strategists have updated their model that predicts which stocks would rally in anticipation of strong results.
  They detailed the most important factors that play into the model, and companies that are expected to outperform in the weeks ahead. Earnings season is almost upon us once again. 
  The big banks, including JPMorgan and Wells Fargo, are scheduled to report their third-quarter earnings in the second week of October, marking the unoffi
  
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• 'Great vampire squid' no longer — Goldman Sachs has finally rehabbed its reputation, 10 years after the financial crisis

  29-09-2018 20:50 via feedproxy.google.com
  Goldman Sachs' reputation has recovered since the depths of the financial crisis, according to a new report.
  Slightly more adults would now feel "proud" to work at Goldman, as opposed to "embarrassed." 
  Once called a "great vampire squid" in the depths of the financial crisis, Goldman Sachs' image has recovered in the last 10 years. 
  Slightly more American adults would now feel "proud" to work for the Wall Street giant, as opposed to "embarrassed," according to new data from YouGo
  
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• Here's the bank where you can earn the most on Wall Street straight out of college — and it's not Goldman Sachs (PJT)

  29-09-2018 20:49 via feedproxy.google.com
  PJT Partners offers first-year analysts the highest salary of any bank on Wall Street, according to a new report by job-search site Wall Street Oasis.
  Investment bankers just a year out of college are paid on average $170,000 including salary and bonus at the firm, which was started by former Morgan Stanley banker Paul Taubman.
  Investment banking is renowned for generously compensating its employees, in return for grueling hours and often tedious work. 
  But the firm that pays young graduate
  
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• Demand for the larger, more expensive iPhone XS Max may be significantly higher than demand for its smaller brother (AAPL)

  29-09-2018 20:48 via feedproxy.google.com
  Demand for the iPhone XS Max outpaces demand for the smaller, less expensive iPhone XS, according to a research note from the reputable analyst Ming-Chi Kuo.
  The largest iPhone XS storage configuration, 512 GB, is also "subject to a serious shortage," according to the research.
  In terms of color, gold and "space grey" iPhones seem to be more popular than the silver iPhone XS models.Demand for the iPhone XS Max is far outpacing demand for its smaller, less expensive sibling, the TF International
  
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• Tesla needs capital and Detroit needs to innovate — here's how a partnership could help both sides, according to a Wall Street analyst (TSLA)

  29-09-2018 20:42 via feedproxy.google.com
  Traditional automakers will "struggle to disrupt themselves" Morgan Stanley said Thursday. 
  At the same time, Tesla desperately needs their production expertise and access to capital.
  A partnership could be a match made in heaven, analyst Adam Jonas theorizes. 
  Follow Tesla's stock price in real time here. Tesla desperately needs access to new capital — and traditional Detroit automakers have a long road ahead of them to bridge the gap to the car of the future.
  That's a matc
  
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• With Facebook's new headset, the future that virtual reality fanatics dream of is closer than ever — but we're not there yet (FB)

  29-09-2018 16:00 via feedproxy.google.com
  Facebook unveiled the Oculus Quest, its first standalone virtual reality headset that tracks where you are in a room.
  Business Insider got to try it out.
  It's a remarkable device, but it still has some obvious shortcomings.
  However, it points to a wild future ahead for virtual reality.I got shot in the head on Wednesday.
  Crouching behind a wooden crate in the desert, I was caught in a gunfight when a stray bullet hit me square in the face. My vision went red; I was dead — until I respawned
  
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• Here's how the richest people in the world are investing their money

  29-09-2018 15:19 via feedproxy.google.com
  A report by UBS and Campden Wealth on family offices has some important insights on where and how the world's ultrarich are investing their money.
  Family offices are typically private offices which manage the money of people with significant wealth.
  Family offices are allocating 28% of their average portfolio to the equities market, followed by 22% in private equity, real estate (17%) and bonds (16%).
  Allocations to hedge funds continues to fall to 5.7% amid concerns over weak per
  
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• Ray Dalio, who predicted the financial crisis, outlines his scenario for the next recession — and draws some pointed parallels to the Great Depression

  29-09-2018 15:18 via feedproxy.google.com
  Ray Dalio, the founder and co-chief investment officer of Bridgewater Associates — the world's largest hedge fund — recently spoke with Business Insider CEO Henry Blodget and relayed his thoughts on the next economic recession.
  Dalio outlined what he thought would be the next recessionary scenario to rock the global economy.
  He also drew ominous parallels between today's economic situation and that of the 1930s — the era of the Great Depression.Ray Dalio literally wrote the boo
  
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• BANK OF AMERICA: A quirk that's distorted the stock market for 20 years is finally gone — here's what traders should do next

  29-09-2018 15:18 via feedproxy.google.com
  Theoretically, high-quality companies should command a premium in the stock market while their lesser peers trade at a discount — but the opposite has been true over the past 20 years.
  Bank of America Merrill Lynch notes this relationship is finally reversing back to its normal state, and offers some recommendations for how traders can take advantage.How often do you check a company's credit rating before buying the stock?
  It might be one attribute that you check in passing, but it's likel
  
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• Apple seems poised to create a new media bundle, but does anyone besides Wall Street want it? (AAPL, AMZN)

  29-09-2018 15:15 via feedproxy.google.com
  Buzz is picking up that Apple might introduce a bundled service offering.
  In a recent note, Goldman Sachs laid out what such an offering might look like.
  For $30 a month a month, Apple might include such things as an iPhone warranty, access to Apple Music, and streaming videos, Goldman Sachs speculated.
  While such a bundle might make sense to investors, it's not clear consumers would sign up for it.If you listen to people in the technology industry, Apple's next big product might be an automobil
  
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• It's unthinkable that the SEC would destroy Tesla over something as trivial as an Elon Musk tweet (TSLA)

  29-09-2018 14:57 via feedproxy.google.com
  The SEC has charged Tesla CEO Elon Musk with fraud and could seek to ban him from leading the carmaker.
  The SEC's case hinges on a tweet that Musk wrote in August.
  The idea that the SEC could crush Tesla based largely on something as trivial as an ill-advised tweet is extremely troubling.
  A few months ago, Elon Musk was sitting in his personal Tesla in Los Angeles on his way to the airport. He typed eight words and one bad-joke number into Twitter and posted the missive to his 22 million followe
  
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• MORGAN STANLEY: A 'blue sweep' could pressure key parts of the stock market — here's how to protect your portfolio

  29-09-2018 12:01 via feedproxy.google.com
  Morgan Stanley's policy strategists flagged to clients several polls that showed the rising odds of Democrats recapturing a Senate majority in the midterm elections. 
  They don't expect this outcome, but have still offered some recommendations for investors who want to hedge. 
  The market implications of the midterm elections revolve around fiscal policy. If the polls are on the money, Democrats are poised to regain a majority in the House, but not the Senate, in the November midter
  
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• A UK startup is planning to develop a 'crypto pound' as the sector goes crazy for 'stablecoins'

  29-09-2018 09:00 via feedproxy.google.com
  The London Block Exchange plans to launch a new cryptocurrency pegged to the pound: LBXPeg.
  LBXPeg is a so-called "stablecoin" and they're booming in popularity in crypto.LONDON — A UK startup has announced plans to launch a new cryptocurrency pegged to the British pound as interest in so-called "stablecoins" booms.
  The London Block Exchange, which does over-the-counter crypto trades and operates a crypto exchange, said on Friday that it had received permission from an unnamed banking part
  
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• Apple makes billions from Google's dominance in search — and it's a bigger business than iCloud or Apple Music (AAPL, GOOG, GOOGL)

  29-09-2018 08:29 via feedproxy.google.com
  Google pays Apple to be the default search engine on the iPhone.
  Goldman Sachs estimates these payments are now over $9 billion per year.
  According to the estimate, Apple makes more money on these payments than iCloud or Apple Music. Google pays Apple so that it remains the default search engine on the iPhone's Safari browser.
  Although neither Google nor Apple discuss the terms of the agreement, most analysts believe the payments are billions of dollars per year. 
  In fact, the so-calle
  
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• A top Bank of America executive explains how the bank is luring top talent from companies like Apple and Disney to fuel its $10 billion digital ambitions (BAC)

  29-09-2018 08:27 via feedproxy.google.com
  Bank of America Merrill Lynch is spending big to offer a ramp up its digital product for customers — $10 billion a year.
  This massive tech investment has helped the bank recently poach senior tech talent away from the likes of Apple and Disney.
  Michelle Moore, head of digital banking at the firm, told Business Insider she woos potential hires by pitching them on scale and impact, but also on the company's tech savvy and growing list of innovations.
  Landing such talent is key to Bank of Ame
  
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