Sales & Marketing news

• Bank of America has landed a slew of senior dealmakers and is planning more hires to win over rich families and sovereign wealth funds

  02-07-2019 23:48 via feedproxy.google.com
  Bank of America's investment bank is on the rebound from a tough year in 2018, adding a slew of senior dealmakers and winning blockbuster deals as it claws back market share. 
  The firm has hired nearly two-dozen senior investment bankers globally this year, according to people familiar with the matter. 
  More hiring is in the offing as well, as the bank announced last week efforts to build out its coverage of ultra-wealthy families and sovereign wealth funds. 
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• Tesla's stock is soaring after it reported record-setting vehicle deliveries last quarter (TSLA)

  02-07-2019 22:56 via feedproxy.google.com
  Tesla shares jumped late Tuesday after the automaker said it delivered and produced a record number of vehicles in one quarter. 
  Wall Street analysts have told investors in recent weeks that while this quarter was likely to meet or exceed expectations, the longer-term outlook is still in question.
  The California-based automaker, led by CEO Elon Musk, said it produced a record 87,048 vehicles in the second quarter. It also delivered around 95,200 vehicles for another record.
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• Tesla says it delivered a 'record' 95,200 cars in the 2nd quarter (TSLA)

  02-07-2019 22:42 via feedproxy.google.com
  Tesla on Tuesday released second-quarter delivery numbers that set a company record, it said. 
  Shares of the company's stock rose more than 7% in after-hours trading. 
  Visit Business Insider's homepage for more stories.Tesla on Tuesday said it delivered a record-setting 95,200 cars in the second quarter of 2019.
  Total production for the quarter, which ended on June 30, exceeded deliveries, as is common, leaving about 7,400 cars in the lurch at the end of the reporting period. 
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• US stocks edge higher to another record close, even as Trump threatens Europe with more tariffs

  02-07-2019 22:13 via feedproxy.google.com
  The S&P 500 edged slightly higher on Tuesday and notched a record closing high, even after the Trump administration's new threat to expand tariffs on European goods. 
  Energy badly lagged the market as the worst-performing sector amid falling oil prices.
  Visit Markets Insider's homepage for more stories.
  Stock markets in the US edged higher on Tuesday to cap off a quiet session for the stock market.
  The S&P 500 logged its second record close in as many days, even as the Trump adminis
  
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• Revolve, the Instagram-friendly millennial retailer, gets a boost after Wall Street analysts shower praise (RVLV)

  02-07-2019 21:53 via feedproxy.google.com
  Shares of the online retailer Revolve soared on Tuesday after analysts initiated positive coverage of the company. 
  The data-driven millennial retailer has eight buy ratings and one hold from nine analysts covering the company. 
  Analysts praised the brand's growth and ability to sell items at full price. 
  Watch Revolve trade live on Markets Insider.Even Wall Street knows the power of an Instagram influencer. 
  Shares of the online retailer Revolve rose as much as 9% on Tuesday
  
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• Morale at Deutsche Bank US headquarters is so low, traders are leaving to day drink at 1 PM and actively searching for other jobs in front of their bosses

  02-07-2019 21:48 via feedproxy.google.com
  Traders at Deutsche Bank's US headquarters are skipping work, openly searching for new jobs with their bosses' blessing and going out drinking early in the afternoon, according to a recent story by Bloomberg.
  The future of US equities and rates traders at the German bank remains very much up in the air following recent news that the company is planning to cut up to 20,000 jobs, including some executive-level staff.This follows a string of bad news for the company, including FBI attention fo
  
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• This startup wants young athletes to have more financial security. Here's how it could revolutionize sports.

  02-07-2019 21:41 via feedproxy.google.com
  Athletes face enormous challenges along the way to financial success, but a new firm says it can improve their odds by letting them pool their income.
  Pando Pooling says it's giving young athletes a shot at far greater financial security when their income is and their chances of success are the lowest. 
  If it catches on, the method might give athletes more bargaining power and change their approach to contract negotiations and free agency.
  Visit Business Insider's home page for more stories
  
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• Nike shares slide as Arizona's governor blocks factory incentives after Kaepernick-fueled sneaker controversy (NKE)

  02-07-2019 20:36 via feedproxy.google.com
  Nike shares fell by more than 1% on Tuesday after Arizona Governor Doug Ducey ordered the state to pull all financial incentives for a Nike manufacturing plant there. 
  The announcement came after Nike scrapped the release of a sneaker featuring a colonial-era version of the American flag amid pushback from former NFL quarterback Colin Kaepernick.
  Track Nike shares here in real time.
  Shares of sportswear giant Nike slid Tuesday after Arizona's governor ordered the state to pull all financial
  
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• Christine Lagarde, managing director of the IMF, was just nominated for the top job at the European Central Bank

  02-07-2019 19:56 via feedproxy.google.com
  Christine Lagarde has been nominated to be the next president of the European Central Bank.
  Lagarde has been the managing director of the International Monetary Fund since 2011. 
  Read more on Markets Insider. 
  Christine Lagarde, the managing director of the International Monetary Fund, was nominated to become the next president of the European Central Bank by the European Union Council on Tuesday.
  If Lagarde is confirmed, she will succeed Mario Draghi in the top job at the ECB. 
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• OPEC is stepping in as oil prices send an ominous signal about the global economy

  02-07-2019 19:40 via feedproxy.google.com
  OPEC and other supply-cutting countries led by Russia on Tuesday finalized plans to prop up oil prices.
  The extended agreement to cut 1.2 million barrels per day through March 2020 was expected to at least temporarily support prices. 
  Yet oil prices remained depressed following the announcement, signaling that concerns about a slowdown in growth have overwhelmed expectations for lower supply.Visit Markets Insider for more stories.
  OPEC and other supply-cutting countries led by Russia on Tue
  
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• Stock buybacks are set to hit a record $1 trillion this year, even as presidential candidates try to restrict them

  02-07-2019 19:06 via feedproxy.google.com
  Corporate buyback activity in the first half of 2019 suggests investors could see more than $1 trillion in S&P 500 repurchases this year, according to Bank of America Merrill Lynch.
  Financial firms have bought back the most stock so far this year, and are expected to authorize more repurchases after many received the Fed's approval last week, BAML said.
  Stock buybacks exacerbate wealth inequality and inflate equity prices, critics say.
  Visit Markets Insider's homepage for more stories.
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• Stocks are dropping on trade-war jitters after Trump threatens another $4 billion in tariffs on EU goods

  02-07-2019 19:03 via feedproxy.google.com
  US stocks slid on Tuesday after the Trump administration threatened to slap tariffs on $4 billion worth of EU goods in retaliation for the union's subsidies to Airbus.
  The news "dented the market sentiment" that had been lifted by the recent truce in the US-China trade war, one analyst said.
  The US Trade Representative's office has already targeted $21 billion of EU products for potential duties.
  View Markets Insider's homepage for more stories.Traders were jittery on Tuesday after the the Trump
  
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• The US economic expansion is now the longest in history

  02-07-2019 19:00 via feedproxy.google.com
  The US economic expansion, at 121 months and counting, became the longest on record on July 1.The record-breaking expansion has also been one of the slowest, with job and GDP growth lagging other post-war recoveries.Now, economists are watching how much longer the expansion will run. There have been mixed signals from economic data and trade disputes have weakened the global economy, potentially prompting a slowdown in the US. 
  Read more on Markets Insider. 
  The US economic expansion a
  
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• Life gets more complicated for Facebook as social ad growth halves

  02-07-2019 19:00 via warc.com
  Social media ad growth halved over the year to end-March 2019, according to WARC’s latest Global Ad Trends. Facebook is looking to diversify its revenue model to guard against a rising tide of consumer distrust and poor...
  
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• Bankers are rushing to take Oxford University's fintech courses before robots take their jobs

  02-07-2019 18:57 via feedproxy.google.com
  Bankers are rushing to take Oxford University's courses on fintech, blockchain strategy, AI, and other futuristic subjects before robots take their jobs.
  More than 9,000 people, aged 39 on average and predominantly working in financial services, have taken Saïd Business School's online open courses in less than two years.
  AI is expected to generate $300 billion in cost savings by 2030, partly through the dismissal or reassignment of more than 1.3 million bankers.
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• 5 takeaways from Business Insider's investigation into Robinhood's botched foray into checking and savings

  02-07-2019 18:26 via feedproxy.google.com
  Millennial investing app Robinhood attempted to launch a checking and savings account with a 3% interest rate last year. 
  Robinhood claimed the accounts were insured, but no one checked ahead of time to see if this was actually true.
  Business Insider interviewed 10 former Robinhood employees to uncover the true story about Robinhood's failed launch.
  Visit the Markets Insider homepage for more stories.
  Robinhood, the millennial stock-trading platform that wants to democratize the financial s
  
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• A critical recession indicator is dangerously close to a threshold that's signaled every meltdown since 1960, Morgan Stanley warns

  02-07-2019 17:50 via feedproxy.google.com
  Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, denotes a key market divergence that bolsters a case for a recession over the next 12 months.
  Shalett frames her argument around the firm's go-to recession indicator — which backs up her case with hard data.
  The signal that's on the brink of flashing has preceded every single recession since 1960.
  Click here for more BI Prime stories.In the 10-plus-year US economic expansion, fears of a recession have been few and
  
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• Advertisers drop the ball during FIFA Women’s World Cup

  02-07-2019 17:25 via warc.com
  Brands are missing an opportunity to appeal to a wider audience as ads fail to capture the joy of watching sport or connect stories to the brand, despite their powerful and inspirational messaging, argues Kantar’s Graham Page.
  
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• The economist nicknamed 'Dr. Doom' just gave a bleak economic outlook — calling China and Iran 2 'big shocks' that will lead to 'severe recession'

  02-07-2019 16:43 via feedproxy.google.com
  America's disputes with China and Iran could spark a global recession next year, said Nouriel Roubini, an economist nicknamed "Dr. Doom" for his pessimistic predictions.
  "It's a bit of a scary time for the global economy," Roubini said in an interview with Bloomberg TV.He warned that a breakdown in US-China trade talks and an escalation in the US-Iran conflict could divide the world into two trading blocs, deliver a double whammy to global growth, and force central banks to spend their way out o
  
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• The Trump administration's new Europe threat ended a moment of global trade calm after just 2 days

  02-07-2019 16:34 via feedproxy.google.com
  The US is threatening to expand tariffs on Europe as part of a long-running dispute over aircraft subsidies.
  The move raised tensions with a major trade partner just days after the Trump administration reached a temporary ceasefire with China. 
  President Donald Trump and European Commission President Jean-Claude Juncker have been locked in a separate trade dispute for more than a year, but progress toward a lasting agreement has proven challenging. 
  Visit Markets Insider for more stori
  
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• How to build a premium brand: Deliver satisfaction, not happiness

  02-07-2019 02:00 via warc.com
  The world famous, Nobel prize winning, behavioral economist, Daniel Kahneman has spent years reviewing and leading the whole literature on happiness research.Overwhelmingly, it finds that if we really wanted to be happy, we wouldn’t be...
  
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• Purple shows more DTC ad dollars going into TV

  02-07-2019 01:07 via warc.com
  US direct-to-consumer mattress brand Purple is shifting its media strategy toward building top of mind awareness through TV while scaling up online shopping feeds in a trajectory illustrative of the wider DTC space.Speaking to Digiday, a...
  
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• Indonesia's consumer finance options expand

  02-07-2019 01:07 via warc.com
  Unbanked consumers in Indonesia can avail themselves of credit-like services as the leading digital payments brands offer “pay later” options to those people buying on their platforms.Both Go-Pay, which grew out of ride-hailing app...
  
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• Hong Kong's craft brewers look overseas

  02-07-2019 01:07 via warc.com
  Craft beers tend to be regarded as a US or European development but Hong Kong boasts around 18 craft breweries and twice as many brands, many of which are now targeting overseas markets.According to the head of the Hong Kong Craft Beer...
  
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• Facebook looks to diversify as social ad growth slows

  02-07-2019 01:07 via warc.com
  Social advertising spend grew by 26.2% year-on-year in the first three months of 2019 to a total of $17.9 billion worldwide, and while this is the second-highest total in the format’s relatively young history, it was roughly half the growth...
  
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• Axel Springer's evolution into a digital 'über first' business

  02-07-2019 01:07 via warc.com
  German publisher Axel Springer has reinvented itself as a digital business over the past decade, moving from a point where just 1% of profits came from digital products to the current position where they generate around 80%.“Digital can be...
  
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• Airbnb: how to plan a platform strategy

  02-07-2019 01:07 via warc.com
  Airbnb, the peer-to-peer accommodation platform, has built a strong market of hosts at the same time as creating an extensive offer and product for guests: a former growth lead at the company has revealed some of the strategies that propelled the...
  
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