Sales & Marketing news

• Death, Wells Fargo, and Warren Buffett's most 'fun' investment: Here are the biggest things you missed from Berkshire Hathaway's annual gathering

  04-05-2019 20:24 via feedproxy.google.com
  The Warren Buffett-led Berkshire Hathaway held its annual shareholder meeting on Saturday.
  Buffett and Charlie Munger, Berkshire's vice chairman, discussed Wells Fargo, potential succession plans, the current political climate, and much more. 
  Follow Markets Insider's coverage of Berkshire Hathaway's meeting.
  Investors, media, and high-profile members of the investment community descended on Omaha, Nebraska, this weekend for Berkshire Hathaway's annual shareholder meeting.
  CEO Warren Buffet
  
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• Elon Musk is grimacing all the way to the bank as Tesla finally raises more money (TSLA)

  04-05-2019 20:06 via feedproxy.google.com
  Tesla finally decided to do a capital raise, and it should bring in about $400 million more than the company originally planned.
  The Tesla capital raise — a combination of equity and debt — will intensify CEO Elon Musk's pivoting of Tesla from an electric car company to a robotaxi service.
  That might make for a more profitable business, but it will also turn Tesla from the most interesting company on Earth to one of the most boring.
  Visit Business Insider's homepage for more stories.
  
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• Charlie Munger jokes about bitcoin, saying cryptocurrency fans 'celebrate the life and work of Judas Iscariot' (BRK.A)

  04-05-2019 19:10 via feedproxy.google.com
  Berkshire Hathaway Vice Chairman Charlie Munger slammed bitcoin at the company's annual meeting, saying bitcoin investors share the values of Judas Iscariot.
  Both Charlie Munger and Warren Buffett have long been critics of bitcoin and cryptocurrency. 
  Follow Markets Insider's coverage of Berkshire Hathaway's annual meeting.
  Berkshire Hathaway Vice Chairman Charlie Munger said he finally discovered what bitcoin investors do during their "happy hour" events. The billionaire investor was invit
  
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• Warren Buffett says the 'jury is still out' on companies that aren't making money (BRK.B)

  04-05-2019 18:20 via feedproxy.google.com
  Warren Buffett says that the "jury is still out" on the prospects of companies that aren't making money. 
  Buffett cited Amazon as an example of how investors were willing to support these business models.
  Follow Markets Insider's coverage of Berkshire Hathaway's annual meeting here.
  At the Berkshire Hathaway annual meeting, CEO Warren Buffett said the wave of loss-making companies, many of which had recent IPOs, might actually work out. The answer came in response to a shareholder's questio
  
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• Warren Buffett says Wells Fargo 'incentivized the wrong behavior,' and Charlie Munger says he wishes Tim Sloan was still CEO

  04-05-2019 18:16 via feedproxy.google.com
  Berkshire Hathaway CEO Warren Buffett and vice chairman Charlie Munger addressed a question about Wells Fargo at Berkshire's annual shareholder meeting Saturday.
  Buffett said the bank appeared to incentivize "the wrong behavior." 
  Munger said he wished the former bank CEO, Tim Sloan, was still in his post.
  Follow Markets Insider's coverage of Berkshire Hathaway's annual meeting here.
  The mind trust behind Berkshire Hathaway, Wells Fargo's biggest shareholder, on Saturday weighed in on the e
  
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• Warren Buffett says the US won't 'go into socialism in 2020, or 2040, or 2060'

  04-05-2019 17:52 via feedproxy.google.com
  Warren Buffett was asked about the growing political discussion around socialism.
  "I don't think the country will go into socialism in 2020, or 2040, or 2060," Buffett said.
  Socialism has become a hot topic with the rise of democratic socialists like Rep. Alexandria Ocasio-Cortez and recent attacks against the idea by President Donald Trump.
  Follow Markets Insider's coverage of Berkshire Hathaway's annual meeting here.
  Warren Buffett doesn't think the US is going to shift its economic system any
  
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• Warren Buffett shares the most 'fun' investment he's ever made

  04-05-2019 17:44 via feedproxy.google.com
  At Berkshire Hathaway's annual shareholder meeting, a young shareholder asked Warren Buffett about his favorite investment outside of the conglomerate.
  Buffett said his favorite investment was land owned by a duck-hunting club that later turned into an oil field.
  Munger added his favorite investment was one that paid out 10o times his original investment each year for a number of years.
  Follow Markets Insider's coverage of Berkshire Hathaway's annual meeting here.
  A young shareholder, brought to
  
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• I ate like Warren Buffett for a week — and it was miserable

  04-05-2019 16:41 via feedproxy.google.com
  I ate like Warren Buffett for a week.
  Buffett does not eat very healthy.
  My body felt terrible by the end of the week.
  Follow Markets Insider's coverage of Berkshire Hathaway's annual meeting here.Warren Buffett is one of the most successful investors in history.
  He also has a really weird diet.
  Buffett's diet of sugary soda, junk food, and limited vegetables has reached legendary status.
  The Berkshire Hathaway CEO drinks about five cans of Coca-Cola products a day, constantly munches on See's C
  
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• Warren Buffett says he doesn't think men and women invest differently because his sisters have 'loaded up on Berkshire Hathaway too'

  04-05-2019 16:04 via feedproxy.google.com
  Berkshire Hathaway CEO Warren Buffett attended a women's investing conference in Omaha, Nebraska, on Friday, a day before his company's annual shareholder.
  Buffett answered questions about women in investing and value investing.
  Follow Markets Insider's coverage of Berkshire Hathaway's annual meeting here.
  Berkshire Hathaway's annual shareholder meeting on Saturday wasn't the only weekend event on CEO Warren Buffett's calendar. He attended a women's investing conference in Omaha, Nebraska, on Fr
  
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• Berkshire Hathaway earnings surge, but they don't include Kraft Heinz (BRK.A, BRK.B)

  04-05-2019 15:40 via feedproxy.google.com
  Berkshire Hathaway reported first-quarter earnings of $21.7 billion.
  The results excluded Kraft Heinz's earnings.
  The results now include investment gains and losses, driving wide swings in earnings.
  Warren Buffett has criticized the new rule as producing 'wild and capricious' swings.
  Follow Markets Insider's coverage of Berkshire Hathaway's annual meeting here.
  Berkshire Hathaway reported first-quarter earnings of $21.7 billion on Saturday, a stark contrast to last year's first-quarter los
  
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• Here are the rising hedge fund stars you've got to know; private equity is investing in an anti-cheating startup

  04-05-2019 15:20 via feedproxy.google.com
   
  Hi everyone! 
  Our reporters will be out and about over the next two weeks at various conferences, from Sohn in New York (check out our preview below), to SALT in Las Vegas to Morningstar in Chicago. If you happen to see anyone with a BI name tag, please come and say hi! 
  Last week, we sent a team of three reporters to the Milken Institute Global Conference (aka Davos of the West). Held annually in Beverly Hills, it brings together the Masters of the Universe of the finance and
  
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• A Texas congressman drove for Uber during a legislative recess. Here's what he learned. (UBER)

  04-05-2019 14:09 via feedproxy.google.com
  US Rep. Marc Veasey, a Democrat from Texas, works odd jobs in his time between sessions of Congress.
  Most recently, he took to the roads of Dallas-Fort Worth as an Uber driver. 
  In an interview with Business Insider, the congressman said he's excited about the future of the gig economy as a way for people to find flexible work. 
  Visit Business Insider's homepage for more stories.One American Airlines employee had an unexpected driver for her Uber ride back to Dallas-Ft. Worth Internati
  
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• 2 of Wall Street's biggest firms are at odds over the stock market's next move — and their clash should be a wake-up call for bulls everywhere

  04-05-2019 12:05 via feedproxy.google.com
  Equity strategists at Morgan Stanley and Bank of America Merrill Lynch have divergent outlooks for where US stocks go next. 
  Their point of departure is about whether or not stocks, having regained new highs, will melt up from here.
  Despite their differences, the two firms advised a similar action plan that should be on the radar of anyone who is bullish about stocks. 
  Visit Business Insider's homepage for more stories.With US stocks back at all-time highs and the economy darting ahead
  
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• Tesla warns employees of 'potential consequences' if they leak secrets to 'people who will do anything to see us fail'

  04-05-2019 07:05 via feedproxy.google.com
  Tesla emailed employees warning them of ramifications for violating their confidentiality agreements, according to company emails obtained by CNBC.
  In the letter to employees, Tesla cited "an intense amount of public interest" in the company and "people who will do anything to see us fail."
  Tesla included several examples of "inappropriate conduct and the potential consequences" in case employees were "unsure about what constitutes unacceptable behavior."
  Visit Business Insider's homepage for mo
  
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• The CEO of Google says 'headwinds' are hurting its Pixel smartphone business, but experts say that Google owns much of the blame (GOOG, GOOGL)

  04-05-2019 01:29 via feedproxy.google.com
  Google said that sales of its Pixel smartphone declined in the first three months of the year. 
  Google's CEO Sundar Pichai cited "headwinds" facing the high-end smartphone industry, echoing the bumpy smartphone sales that Apple and Samsung have recently suffered.
  But according to industry experts, Google owns much of the blame based on its pricing and go-to-market strategy. 
  Google has purposefully kept its smartphone business in low gear, say analysts. But that strategy could be
  
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• The White House wants the Fed to cut rates. Wall Street says it's a terrible idea.

  04-05-2019 00:24 via feedproxy.google.com
  Top White House brass, including President Donald Trump and Vice President Mike Pence, have recently called for the Federal Reserve to cut interest rates.
  On Friday, Pence argued that the Fed should cut rates because inflation was low.
  Earlier this week, at the Milken Institute Global Conference, some of the biggest names on Wall Street pushed back against the idea that the Fed should cut rates, saying inflation would pick up soon. 
  Visit Markets Insider's homepage for more stories.
  The US
  
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