Sales & Marketing news

• In the worst opening weekend ever for an 'X-Men' movie, 'Dark Phoenix' made just $33 million

  09-06-2019 18:16 via feedproxy.google.com
  "Dark Phoenix," the latest installment in the "X-Men" franchise, brought in $33 million at the domestic box office, the worst in franchise history.
  However, the movie did make over $100 million at the international box office, making it the number one global release for the weekend and tops in 36 markets, including China.
  Universal's "The Secret Life of Pets 2" won the weekend domestically with $47.1 million, however, underperformed as projections had the movie earning around $60 million.
  The su
  
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• Wall Street's 'inflection point,' the Vision Fund's power players, and secret messages

  09-06-2019 15:38 via feedproxy.google.com
  Hello!
  Wall Street has reached an "inflection point." After years of spending big on tech, America's biggest banks are starting to see that investment pay off. 
  Citigroup CEO Michael Corbat recently said his firm reached a turning point last year in which its $8 billion tech budget, part of which is used for streamlining its operations to "shrink the cost of running the bank," started to pay off in meaningful net savings.
  "Last year, we crossed the inflection point of actually ge
  
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• Etsy exec explains why the company has a huge advantage over everyone else who tries to copy it

  09-06-2019 15:38 via feedproxy.google.com
  Other online stores have their own handmade or vintage shops, but Etsy remains the first one most people think of.
  That's because it has placed a special emphasis on these goods, which has required a lot of innovation specifically for these unique items that can't be easily categorized or inventoried.
  Etsy completely changed how it ranks its search results for buyers, and it's resulted in hundreds of millions of additional gross sales.
  Visit Business Insider's homepage for more stories.Etsy woul
  
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• One of Lyft's early investors explains why he opted for the smaller company over Uber, and which growth metrics he'll be watching in the coming quarters (LYFT, UBER)

  09-06-2019 15:33 via feedproxy.google.com
  Autotech Ventures invested $120 million in Lyft in 2016, a stake that could now be worth three times the size.
  Cofounder Alexei Andreev told Business Insider that the fund opted for Lyft over Uber because of its focus on customer experience.
  You can read his full interview with Business Insider here.When Autotech Ventures invested in Lyft in 2016, the company was already worth $4.5 billion and beginning to snap up market share from Uber in the United States.
  Uber, meanwhile, was already netting
  
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• 5 reasons why Tesla is probably poised for a rebound (TSLA)

  09-06-2019 14:07 via feedproxy.google.com
  After dropping below $200, Tesla shares last week moved above that mark again, on news that Q2 sales would be better than Q1.
  Several years ago, Tesla endured a pattern of falling stock prices at the beginning of the year, followed by recoveries by the year-end. That pattern is reasserting itself.
  With some of the noise fading around CEO Elon Musk's antics and the war between Tesla longs and shorts cooling off, the company's dominant position in the EV market is becoming more important.
  Visit Bu
  
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• Luxury cars, private jets, and piles of cash: Warren Buffett inadvertently funded the lavish spending of a couple accused of running an $800 million 'Ponzi-type' scheme

  09-06-2019 13:54 via feedproxy.google.com
  Warren Buffett may have inadvertently helped fund the lavish lifestyle of a couple as part of what the FBI calls an $800 million "Ponzi-type" scheme, according to Bloomberg.
  Buffett's Berkshire Hathaway conglomerate invested $340 million in DC Solar, a maker of mobile solar generators that allegedly paid back investors with new investors' money, according to federal investigators.
  DC Solar's owners Jeff and Paulette Carpoff splurged millions on classic cars, private jets, diamond jewelry, a stad
  
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• The world’s biggest stock bear blasts a glaring investor mistake that could lead to years of losses — and explains why even the Fed will be powerless to stop a crash

  09-06-2019 12:05 via feedproxy.google.com
  Investors are gearing up for an interest rate cut that the Federal Reserve appears willing to deliver.
  The prospect of further monetary easing pushed major US indices to their best week of 2019.
  John Hussman — the outspoken investor and former professor who's been predicting a stock collapse — explains why traders are placing too much faith in the presumed rate cut.
  He also breaks down why the Fed will be powerless to stop a sudden stock crash, even if it's willing to lower interest
  
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• Take a peek at the 5 mansions, condos, and villas bought by the couple who allegedly scammed Warren Buffett

  09-06-2019 09:00 via feedproxy.google.com
  A couple accused of scamming Warren Buffett's Berkshire Hathaway conglomerate in a "Ponzi-type" scheme splurged more than $40 million on real estate, according to federal investigators.
  Jeff and Pauline Carpoff used funds from the fraud to buy a Las Vegas mansion, a pair of condos in Lake Tahoe, a vacation home in Scottsdale, and dozens of other properties, according to court filings.
  Five of their biggest property purchases are shown below.
  Visit Markets Insider's homepage for more stories.A co
  
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• The latest potential Fed pick, a former Trump campaign adviser, says it would be ‘superficial’ for her to say whether the central bank is independent

  09-06-2019 00:17 via feedproxy.google.com
  The Federal Reserve has long been regarded as independent from political influence. But its reputation has been called in to question in recent months after unprecedented pressure to lower rates from President Donald Trump.
  Potential Federal Reserve nominee Judy Shelton sees some grey area when it comes to the independence of the central bank. When asked by Markets Insider whether the central bank was currently an independent institution, Shelton said it would be "superficial" to answer yes or n
  
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• Here’s what Trump’s potential Federal Reserve pick says she’d bring to the central bank

  09-06-2019 00:17 via feedproxy.google.com
  Judy Shelton has advocated for drastically changing the way interest rates are set and going back to a Bretton Woods-type monetary system, policies she argued would set up optimal conditions for growth.
  In an interview with Markets Insider, Shelton highlighted the importance of "fresh thinking" at the Fed."I think we have to say, what is the role of central banks in a productive economy?" she said. "And are they helping or hurting? I think it's legitimate to say, are they too dominant or does it
  
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• Trump's potential Federal Reserve nominee wants a 0% inflation target

  09-06-2019 00:16 via feedproxy.google.com
  Potential Federal Reserve nominee Judy Shelton said she would be in favor of an inflation target of 0%, adding that it would offer stable price signals in the economy. 
  The Federal Reserve currently targets 2% inflation, a level officials see as optimal for the economy.
  Economists say that a 0% inflation target would leave the Federal Reserve with fewer tools to help the economy in the event of a downturn. 
  Conservative economist Judy Shelton, who has emerged as a potential nominee for
  
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• The White House is said to be vetting Judy Shelton for a seat on the Fed board. She told us what she would bring to a central bank whose policies she has long criticized.

  09-06-2019 00:15 via feedproxy.google.com
  The White House is vetting former Trump adviser Judy Shelton for nomination to the Federal Reserve Board of Governors, according to reports.
  The potential nominee has been critical of the central bank and would like to change some of the core ways it operates. 
  In an interview with Markets Insider, she said she thought it would be "superficial" to solely answer yes or no to whether the central bank was independent, outlined a zero-percent inflation target, and expressed support for the pres
  
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