Sales & Marketing news

• A Trump administration source poured cold water on a report that Derek Kan is being considered for the Fed board

  17-05-2019 21:34 via feedproxy.google.com
  A news report on Friday said the White House was thinking of nominating Derek Kan for one of the two open seats on the Board of Governors.
  But Kan is not being seriously considered for a spot on the Federal Reserve board, according to a White House source familiar with the nomination process.
  Department of Transportation Undersecretary Derek Kan is not being seriously considered for a spot on the Federal Reserve board, according to a Trump administration source familiar with the nomination proce
  
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• Beyond Meat has become 'Beyond Stupid,' Citron Research says (BYND)

  17-05-2019 20:28 via feedproxy.google.com
  Beyond Meat's stock price "has become Beyond Stupid," according to Citron Research.
  Shares priced at $25 on May 2 and hit a high of $96.78 on Thursday.
  Watch Beyond Meat trade live.
  Beyond Meat's runaway stock price has become "Beyond Stupid," according to Citron Research.
  The company's stock soared 163% in its trading debut on May 2, drawing comparisons to tech names that went public during the dot-com bubble. They've gained as much as 285% from their initial-public-offering pricing of $25, hit
  
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• Millennials have helped take credit-card popularity back to full throttle. Banks are getting nervous and starting to crack down.

  17-05-2019 20:02 via feedproxy.google.com
  America's credit-card party has roared back to full throttle, thanks in part to young borrowers.
  Credit cards, long the most popular form of consumer credit, declined after the financial crisis, especially among people in their 20s.
  That trend reversed in recent years as banks loosened up lending standards and rolled out travel rewards cards that lured millennials back into the fold. 
  Credit-card debt has hit record highs and delinquencies have notched higher in recent years.
  These developm
  
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• Trump is rolling back steep tariffs on metal from Canada and Mexico

  17-05-2019 20:00 via feedproxy.google.com
  President Donald Trump on Friday said he would remove metal tariffs on Canada and Mexico.
  The move marks a major step toward ratifying the countries' new trade agreement reached last year.
  The metal tariffs were levied in a bid to keep cheap material from flooding the US market, but the sweeping policy has drawn criticism from lawmakers who said it alienated allies.
  Visit Markets Insider's homepage for more stories.
  President Donald Trump on Friday announced the US would be removing metal tariff
  
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• Sheryl Sandberg revealed a new argument to stop regulators from breaking up Facebook (FB)

  17-05-2019 19:26 via feedproxy.google.com
  Facebook's chief operating officer, Sheryl Sandberg, says the company is working hard with regulators worldwide to create new rules to regulate internet companies such as it.
  And she has a new argument as to why regulators shouldn't break up Facebook.
  The argument goes like this: Even if we broke up Facebook, there would still be big, powerful Chinese companies that weren't subject to a breakup.
  It's a red-herring argument for sure, but it gives insight into the types of conversations Facebook i
  
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• Evidence is mounting that Uber and Lyft increase traffic congestion. But one startup thinks it has found a way to help — and it's already turning a profit. (UBER, LYFT)

  17-05-2019 17:52 via feedproxy.google.com
  Uber and Lyft have been accused of increasing congestion in cities.
  They've also been criticized for classifying drivers as independent contractors, which allows the companies to avoid paying overtime and other benefits.
  Circuit, an upstart ride-hailing firm, is aiming to use those two areas of critique to its advantage.
  Its cofounder Alex Esposito told Business Insider about how the company's early days shuttling beachgoers from parking lots to sandy shores inspired expansion to other markets.I
  
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• A smartphone company you’ve never heard of rose to fame by being the opposite of Apple and Samsung. Now it looks like that might be starting to change.

  17-05-2019 17:49 via feedproxy.google.com
  OnePlus made a name for itself in the crowded US smartphone market with almost no marketing and by selling its phones through exclusive invites.
  Now, that appears to be changing as the company has paid celebrities like Robert Downey Jr. to promote its phones. It also now sells its products through T-Mobile, a major US carrier.
  The price gap separating OnePlus' new phones and devices made by Apple and Samsung is also starting to shrink as phone prices have increased across the industry.
  Visit Bus
  
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• Elon Musk says in email to employees that new cost-cutting measures are the 'only way for Tesla to become financially sustainable' (TSLA)

  17-05-2019 17:39 via feedproxy.google.com
  Tesla CEO Elon Musk promised new cost-cutting measures in an email to employees obtained by Electrek.
  A source with knowledge of the email confirmed its authenticity to Business Insider.
  Musk said that Tesla had about 10 months' worth of cash left at its current burn rate and that the company's CFO would review every page of expenses going forward.Elon Musk has promised yet another sprint of financial discipline at Tesla.
  In an email to company employees Thursday, parts of which were published b
  
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• Luckin Coffee, a massive but unprofitable Chinese Starbucks competitor, soars 47% in its debut

  17-05-2019 17:26 via feedproxy.google.com
  Luckin Coffee opened for trading at $25 a share on Friday after pricing its initial public offering at $17.Shares trade under the ticker LK on the Nasdaq.
  The two-year-old startup, which in April received a round of funding from BlackRock, is the latest in a long line of  money-losing IPOs to hit the US market this year.
  The company competes with Starbucks in China.
  Find out more about Luckin Coffee.
  Luckin Coffee, the coffee startup that competes with Starbucks in China, soared 47% in its
  
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• JPMorgan drops $500 million on healthcare payments firm InstaMed in its largest acquisition since the financial crisis

  17-05-2019 16:46 via feedproxy.google.com
  JPMorgan on Friday agreed a deal to acquire InstaMed for $500 million.
  The deal for the healthcare payments tech company expands JPMorgan's already vast corporate payments operation.
  Visit Business Insider's homepage for more stories.JPMorgan Chase has acquired the healthcare payments company InstaMed for $500 million, the bank's largest acquisition since its financial-crisis era buyouts of Bear Stearns and the assets of Washington Mutual.
  The bank on Friday said it had agreed to pay $500 millio
  
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• The UK government built a $146 billion war chest to stop a run on the pound in the case of a 'no-deal' Brexit, Bank of America says

  17-05-2019 16:37 via feedproxy.google.com
   
  The British government and the Bank of England built a $146 billion foreign currency reserve war chest to in the event of a no-deal Brexit, Bank of America said.
  The stash "suggests the UK government was piling up FX reserves on the chance the UK would leave the EU without a deal and thus creating a run on the pound and a current account crisis," the BofA analysts say.The UK government built a $146 billion war chest in the fourth quarter to defend against an anticipated run on the pound i
  
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• Tesla sinks after the NTSB says the driver killed in a recent Model 3 crash had Autopilot engaged (TSLA)

  17-05-2019 16:33 via feedproxy.google.com
  The National Transportation Safety Board on Thursday said Autopilot was engaged in a deadly crash in March that involved a Tesla Model 3 sedan.
  Tesla shares fell more than 4% following the report's release.
  On Friday, they were trading at their lowest level since January 2017.
  Watch Tesla trade live.
  Tesla was under pressure on Friday, down more than 4%, after the National Transportation Safety Board said in a preliminary report on Thursday that the Autopilot feature was engaged during a deadly
  
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• Trump may stop Huawei in the US, but the underseas cable race continues

  17-05-2019 16:31 via feedproxy.google.com
  President Trump's executive order and the Commerce Department's "Entity List" create new challenges for Huawei's 5G wireless technology in the U.S. But in the meantime, the Chinese telecom giant is racing ahead under the world's seas.
  Why it matters: Globally, about 380 submarine cables carry the vast majority of international data, from cloud computing to text messaging. These cables will only become more important with the arrival of 5G and other services tha
  
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• Stocks are dropping after China threatens to cut off trade-war talks, accusing the US of 'petty tricks'

  17-05-2019 15:47 via feedproxy.google.com
  US, European, and Asian equities fell on Friday after the Chinese government threatened to suspend trade talks with the US.
  Chinese state media accused the US of playing "petty tricks" and lacking a sincere desire to resolve the trade war.
  "If there is no real concrete action by the United States, it will be meaningless for you to come and talk," China's ruling party wrote in a commentary published on social media.US, European, and Asian equities slumped on Friday after the Chinese government th
  
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• For marketers, culture fatigue is real

  17-05-2019 14:20
  Keeping up with the culture has become an apparent imperative, but the currents that inform the conversation - though it may move at the speed of Instagram - are deeper lying and require our focus, writes Mindshare's Alexis Fragale.
  
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• OREO wins Super REGGIE

  17-05-2019 01:54
  A brand activation campaign for OREO, the confectionery snack made by Mondelez International, has claimed the top prize at the 2019 ANA REGGIE Awards.The REGGIE...
  
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• MG Motor unveils India's first 'internet car'

  17-05-2019 01:54
  MG Motor, the iconic British automaker that is now owned by SAIC Motor of China, has unveiled what is being described as India’s first internet car, which comes with a host of smart technology features.The Hector is also India’s first...
  
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• How Initial tackled washroom disgust

  17-05-2019 01:54
  Smells (and bad smells especially) are an emotive subject for consumers – and nowhere is that more evident than in washrooms, an often neglected part of the user experience in retail outlets.“It’s something they [consumers] like...
  
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• How brands can tackle the fake news threat

  17-05-2019 01:54
  Brands worried about the prospect of their ads appearing on fake news sites may need to refine their programmatic strategies and allow for greater human oversight of campaigns, a paper in the Journal of Advertising Research (JAR) has argued. ...
  
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• Bud Light's storytelling inspired by Game of Thrones

  17-05-2019 01:54
  Bud Light, the beer owned by Anheuser-Busch InBev, has successfully engaged consumers through a storytelling formula inspired by “Game of Thrones”, HBO’s hit fantasy television series.The “Dilly Dilly” campaign, which...
  
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• Bacardi taps indie music to engage Indian consumers

  17-05-2019 01:54
  Advertising alcoholic drinks is banned in India, but that has not stopped veteran rum producer Bacardi from building its brand by engaging audiences through the medium of independent music.Anshuman Goenka, head of marketing at Bacardi India,...
  
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• Amazon is the world's most valuable retail brand

  17-05-2019 01:54
  Amazon continues to top BrandZ’s Most Valuable Retailers rankings, but Chinese pure-plays are presenting some stiff competition.With an estimated brand value of $315,505m – a staggering 91% increase from 2018 – Amazon is...
  
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