Sales & Marketing news

• Hedge-fund billionaire Ray Dalio says capitalism is failing America, and we need to take 5 specific actions to save it

  04-04-2019 23:35 via feedproxy.google.com
  Ray Dalio is the founder of Bridgewater Associates, the largest hedge fund.
  In a new essay, Dalio wrote that capitalism is failing the majority of Americans and has to be reformed because concentrated and restrained wealth does not benefit the overall economy and destabilizes society.
  Dalio called for leadership that declares inequality a national emergency and addresses it with steps such as increased taxes on the wealthy.
  This article is part of Business Insider's ongoing series on Better Capi
  
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• Elon Musk said he'll probably reach a new settlement with the SEC in the next 2 weeks (TSLA)

  04-04-2019 23:13 via feedproxy.google.com
  Tesla CEO Elon Musk said he will probably settle with the Securities and Exchange Commission (SEC) over its motion to have him held in contempt of court following a February tweet about vehicle production.
  Bloomberg reporter Bob Van Voris tweeted a video of Musk on Thursday after the court hearing in New York City.
  When asked if he would reach a new agreement with the SEC in the next two weeks, Musk said, "most likely."
  During the hearing, a federal judge ruled that Musk and the SEC must take th
  
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• Here's how much Amazon stock Jeff Bezos will own after giving 25% of their stake to MacKenzie (AMZN)

  04-04-2019 23:09 via feedproxy.google.com
  MacKenzie Bezos tweeted on Thursday that soon-to-be ex-husband Jeff will retain 75% of the couple's Amazon stake and all of its voting rights.
  Jeff Bezos' net worth still be more than $100 billion at the current share price.
  Together the Bezoses own 78.8 million shares, or about 16% of the company. 
  Watch Amazon trade live. 
  The Bezos have finalized the terms of their divorce, with Amazon CEO Jeff Bezos retaining 75% of the couple's stake and all interests in the Washington Post and th
  
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• Amazon's big answer to Apple's AirPods could arrive later this year

  04-04-2019 23:02 via feedproxy.google.com
  Amazon will launch a pair of Alexa-enabled wireless earbuds in the second half of this year, according to a report.
  The earbuds would allow users to access Amazon's virtual helper by just saying "Alexa."
  Amazon would be entering a market dominated by Apple that's becoming increasingly crowded. Amazon is planning to release a pair of wireless earbuds with its popular Alexa virtual assistant built in during the second half of this year, according to a report from Bloomberg.
  The headphones wou
  
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• Here's how much Amazon stock MacKenzie Bezos will own after giving 75% of their stake to Jeff (AMZN)

  04-04-2019 22:54 via feedproxy.google.com
  MacKenzie Bezos tweeted on Thursday that she is giving her soon-to-be ex-husband Jeff 75% of their Amazon stake and all of its voting rights.
  The Bezos owned 78.8 million shares, or about 16% of the company. 
  Watch Amazon trade live. 
  The Bezos have finalized the terms of their divorce with MacKenzie Bezos saying she will give Amazon CEO Jeff Bezos 75% of their Amazon stock while relinquishing all interests in the Washington Post and space-travel company Blue Origin, she said in a Thur
  
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• Judge orders Elon Musk and the SEC to put on their 'reasonableness pants' and work things out (TSLA)

  04-04-2019 22:22 via feedproxy.google.com
  Lawyers for Tesla CEO Elon Musk sparred with government lawyers in federal court on Thursday.
  The Securities and Exchange Commission had accused Musk of violating his settlement agreement with the regulatory agency by tweeting that the company would make 500,000 cars this year.
  Elon Musk attended the hearing but did not testify.
  Judge Alison Nathan ordered the two parties to take two weeks and find a new resolution. A federal judge on Thursday ruled that Tesla CEO Elon Musk and federal regu
  
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• Leaked documents reveal that McDonald's is about to slash items from its late-night menu (MCD)

  04-04-2019 21:54 via feedproxy.google.com
  McDonald's is slashing its late-night menu, cutting items including buttermilk crispy tenders, Filet-O-Fish, and premium salads, according to leaked documents shared with Business Insider.
  The slimmed-down menu, which will cut back on what McDonald's serves from midnight until 5 a.m., will roll out at the end of April. 
  This is McDonald's first major change to its late-night menu since the fast-food giant rolled out its "After Midnight" menu, which features both dinner and breakfast options
  
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• The SEC revealed the punishment it wants Elon Musk to face if he violates the terms of their settlement in the future (TSLA)

  04-04-2019 21:41 via feedproxy.google.com
  The Securities and Exchange Commission (SEC) reportedly told a judge in New York City on Thursday that it wants Tesla CEO Elon Musk to face increasing fines if he violates the terms of their 2018 settlement in the future.
  It is unclear whether a fine would be the extent of the punishment the agency believes Musk should receive for a February tweet that the SEC said did not comply with their settlement.
  But it now appears unlikely that the SEC would want to bar Musk from serving as Tesla's CEO, a
  
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• A California company tested 20 popular CBD products and found 'insanely high levels' of dangerous chemicals and misleading labels

  04-04-2019 21:38 via feedproxy.google.com
  CannaSafe, a California cannabis-testing company, conducted a blind analysis of 20 popular CBD products.
  Just three of them, or 15%, actually contained what the labels said, the study found. The results were shared exclusively with Business Insider.
  Some of the products also contained dangerously high levels of solvents, Aaron Riley, CannaSafe's CEO, said in an interview.
  The test results point to the challenges of meeting the huge demand for a product that was illegal just months ago.It's no se
  
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• Here's how Elon Musk's tussle with federal regulators went down in court (TSLA)

  04-04-2019 21:36 via feedproxy.google.com
  Federal regulators and Elon Musk are set to face off in federal court in New York on Thursday. 
  The SEC has asked the judge to find Musk in contempt of court for allegedly violating his settlement with the agency. Tesla CEO Elon Musk and his legal team have arrived for a Thursday court hearing in the case against him brought by the Securities and Exchange Commission (SEC).
  The legal spat dates back to Musk's September 2018 tweet that he was looking to take Tesla private at $420 per sha
  
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• Jeff Bezos' divorce won't affect his voting power at Amazon, because Mackenzie is giving him control (AMZN)

  04-04-2019 21:08 via feedproxy.google.com
  Jeff Bezos will retain voting control over the Amazon shares he and Mackenzie Bezos hold following their divorce.
  Mackenzie will get 25% of their combined shares as part of the settlement.
  The agreement clears up some outstanding investor worries.
  But one big question remains: What does Mackenzie plan to do with her shares.Visit Business Insider's homepage for more stories.Jeff Bezos isn't going to have to worry about having his ex-spouse challenge how he runs Amazon.
  As part of their divorce,
  
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• Jeff Bezos finalized his divorce agreement for 75% of Amazon stock. Here's how he built the $1 trillion company to become the world's richest man (AMZN)

  04-04-2019 20:53 via feedproxy.google.com
  Amazon CEO Jeff Bezos just finalized the terms of his divorce with MacKenzie Bezos. The two announced in January they had filed for divorce after 25 years of marriage. 
  MacKenzie Bezos said she gave her ex-husband 75% of their joint Amazon stock, as well as voting rights over the shares she will retain.
  Jeff Bezos co-founded Amazon in 1995. The company has since grown to one of the most valuable, powerful companies on the planet.
  Visit Business Insider's homepage for more stories.Jeff Bezos
  
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• Tesla analysts are questioning how many people even want to buy Elon Musk's cars after weak delivery numbers (TSLA)

  04-04-2019 20:49 via feedproxy.google.com
  Wall Street has been concerned about Tesla demand for months. 
  But analysts say the picture appears more dire after disappointing first-quarter delivery numbers.
  Tesla delivered 63,000 vehicles during the quarter, missing expectations.
  Watch Tesla trade live.
  Tesla shareholders are dealing with a lot right now.
  The electric car-maker's first-quarter delivery figures fell short of expectations, sending the stock plunging by more than 8%. Elon Musk, the company's CEO, is in a battle with
  
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• Tesla's stock is nearing a key price. Here's what the pros are saying. (TSLA)

  04-04-2019 20:22 via feedproxy.google.com
  Tesla's first-quarter deliveries fell short of Wall Street estimates, sending shares down 8.8% on Thursday.
  The selling has the stock nearing key support in the $250 area.
  Two Wall Street pros have shared their thoughts on what the chart is saying.
  Watch Tesla trade live.
  Tesla shares were nearing a test of key support Thursday after the company's first-quarter deliveries fell short of Wall Street expectations.
  Shares were down about 8% to less than $269 a share and at their lowest level in more
  
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• Millennials were unloading their Tesla shares ahead of its disappointing first-quarter deliveries (TSLA)

  04-04-2019 18:51 via feedproxy.google.com
  Millennials shifted out of Tesla shares ahead of Wednesday evening's first-quarter-deliveries announcement according to data from Robinhood, the trading app popular among millennials.
  Tesla deliveries came in below expectations, sending the stock plunging more than 8%.Watch Tesla trade live.
  Millennials were dumping Tesla shares ahead of the company's disappointing first-quarter delivery numbers that sent shares tumbling by more than 8%.  
  Over the past week, a net 5,600 accounts on th
  
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• Trump says he will name former GOP presidential candidate and pizza-chain CEO Herman Cain to the Federal Reserve Board

  04-04-2019 18:14 via feedproxy.google.com
  President Donald Trump said he will appoint Herman Cain to the Federal Reserve Board.
  Cain is best known as the former CEO of Godfather's Pizza and the 2012 GOP presidential candidate who developed the so-called 9-9-9 tax plan.
  Cain dropped out of the race in 2012 after reports that he settled two sexual-harassment lawsuits.
  Cain would be Trump's second pick for the board in the past month, following the conservative economist Stephen Moore.President Donald Trump told reporters that he selected
  
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• What would a ‘no-deal’ Brexit mean for data protection in the UK?

  04-04-2019 18:10 via warc.com
  Data is fundamental to the UK’s majority service economy, and any non-alignment with its largest trading partner could have serious implications. The DMA’s Zach Thornton looks at the implications of a no-deal exit and how...
  
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• 'By whatever means necessary': Tesla leaves some customers in the lurch as it rushes to deliver cars by the end of the quarter (TSLA)

  04-04-2019 18:05 via feedproxy.google.com
  Tesla buyers usually have 10 days to take delivery of their car once it's finished at the factory.
  That becomes an issue, however, if the window overlaps with the end of a quarterly deadline for Tesla, current and former employees say.
  In the company's rush to deliver cars by the end of the period, some customers get "unmatched" in favor of someone who can take the car sooner.
  Tesla on Wednesday reported its biggest sales drop ever, with the number of quarterly deliveries sinking 31% since the f
  
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• The CEO of the US' largest bank is sounding the alarm on America’s crumbling infrastructure (JPM)

  04-04-2019 17:59 via feedproxy.google.com
  Jamie Dimon, CEO of JPMorgan Chase, is urging American politicians to invest in infrastructure. 
  American roads, bridges, tunnels, airports, and more have been crumbling for decades, and time may be running out to catch up to the rest of the world.
  The billionaire points to Canada and Germany as examples of efficient investment in major projects that the US could follow to kick-start America's resurgence in infrastructure. The CEO of the largest American bank is sounding the alarm abou
  
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• Less, But Better Retail

  04-04-2019 16:27 via warc.com
  Retail is in crisis, we hear – but the truth is more complex. Retail is changing and certain brands are reaping the rewards of that change. The future of retail is less but better says Andy Thomas, executive creative director of Sydney...
  
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• WARC launches 2019 Prize for Asian Strategy

  04-04-2019 02:00 via warc.com
  WARC is today launching its 2019 Prize for Asian Strategy, a search for the best strategic ideas from Asia’s marketing industry which will be chosen by a jury including marketers from Visa and Unilever.The case study competition showcases...
  
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• Tech firms fear ramifications of Singapore fines plan

  04-04-2019 02:00 via warc.com
  Big tech is expressing alarm over the Lion City’s latest proposals to protect its citizens from fake news with its Protection from Online Falsehoods and Manipulation Bill.The bill, which has now been tabled in parliament, proposes maximum...
  
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• Refinery29 takes TV logic to Instagram

  04-04-2019 02:00 via warc.com
  Refinery29, the female-focused digital media company, has applied a similar approach to television scheduling to maximise the impact of its content on Instagram, the photo- and video-sharing platform owned by Facebook.“We’ve started to...
  
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• Generation Z: beyond social

  04-04-2019 02:00 via warc.com
  Marketers wanting to to get through to Generation Z may like to start with the idea that they're actually less different to other generations than one might imagine.They generally don’t see themselves as trendsetters, they value spending...
  
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• David Lubars on BBDO's success in the WARC Creative 100

  04-04-2019 02:00 via warc.com
  David Lubars, chairman/chief creative officer at BBDO, discusses how the agency drives creative consistency and how to approach customer experience from a creative perspective. He also reveals other campaigns featuring in the WARC Creative 100...
  
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• 'Brand belonging' is the future of competitiveness

  04-04-2019 02:00 via warc.com
  Understanding how to instil a sense of “brand belonging” through a clear and relevant purpose is quickly becoming a prerequisite for competitiveness, according to senior executives at Accenture.Writing in the current issue of
  
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• Apple: news considers its pact with big tech

  04-04-2019 02:00 via warc.com
  Following the announcement of Apple News Plus subscription service, media firms are once again weighing the promises of tech platforms’ high-reach albeit mediated relationships with readers against direct traffic.Its offer is extremely...
  
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• Accenture acquires Droga5 in 'game-changing' deal

  04-04-2019 02:00 via warc.com
  Accenture is to acquire independent agency Droga5, the most-high profile of its purchases since it began a spree to strengthen its creative capability under the Accenture Interactive marketing banner.Accenture Interactive, which is positioning...
  
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