Sales & Marketing news

• Stocks end mixed as trade tensions weigh on Wall Street

  09-07-2019 22:12 via feedproxy.google.com
  Major US stock indexes were mixed on Tuesday amid trade tensions that have dimmed growth expectations, including for the chemical giant BASF.
  Negotiations to defuse the yearlong tariff dispute are set to resume, but the two sides remain far apart on key issues.The market is also expecting a less aggressive rate cut at the end of the month after a surprisingly robust June jobs report out last week.
  Visit Markets Insider for more stories.
  US stocks wavered Tuesday as Wall Street weighed ongoing tr
  
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• US Customs just seized a ship owned by JPMorgan after authorities found $1 billion worth of drugs on it

  09-07-2019 21:30 via feedproxy.google.com
  Federal prosecutors in Philadelphia have seized a container ship operated by the Mediterranean Shipping Co. and owned by JPMorgan Asset Management.
  That came weeks after authorities found more than $1 billion worth of cocaine on the vessel in what was one of the largest drug busts in American history. 
  At least a half a dozen crew members have been arrested, according to Homeland Security Investigations, and the investigation is ongoing.
  Visit Markets Insider for more stories.
  Federal prose
  
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• Victoria’s Secret's parent company falls after its CEO's ties with Jeffrey Epstein resurface (LB)

  09-07-2019 20:09 via feedproxy.google.com
  L Brands CEO Les Wexner has ties to Jeffrey Epstein, the financier charged with sex trafficking.
  While Wexner cut ties with Epstein years ago and has not been accused of any wrongdoing, L Brands shares declined on news of the charge.
  Victoria's Secret has struggled to stay relevant to consumers in the #MeToo era. 
  Watch L Brands trade live on Markets Insider.
  Shares of L Brands slid as much as 5% on Tuesday as reports of ties between its CEO and Jeffrey Epstein — the financier charged
  
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• The Knicks' free agency failures have paved a path to record revenue for the rival Nets

  09-07-2019 19:51 via feedproxy.google.com
  Brooklyn Nets owner Mikhail Prokhorov told Bloomberg he expects the team to hit a franchise record for revenue next season thanks to the free agency additions of all-stars Kevin Durant and Kyrie Irving.
  The Nets officially announced the signings on Monday, and the combined contracts for the two players are worth $305 million.The Nets signed Durant after the New York Knicks refused to offer him a max contract with $164 million, citing uncertainty around his recent Achilles injury.
  The Knicks targ
  
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• Lyft wants to patent a 'driver jukebox' that could let you play music during your ride (LYFT, UBER)

  09-07-2019 19:49 via feedproxy.google.com
  Lyft has applied to patent a "driver jukebox" system that could one day add custom music to your rides. 
  Uber launched a Spotify and Pandora partnership three years ago, but Lyft has not added anything similar. 
  Visit Business Insider's homepage for more stories.Three years after Uber launched the ability to play music during your ride, Lyft appears to be following suit.
  The company on Tuesday filed a patent for a "driver jukebox" system that appears to lay the groundwork for playing m
  
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• The CEO of Constellation Brands throws cold water on the idea that former Canopy Growth chief Bruce Linton was fired for financial reasons (CGC, STZ)

  09-07-2019 19:00 via feedproxy.google.com
  Constellation Brands CEO Bill Newlands said in an interview with CNBC that former chief Bruce Linton was not fired from Canopy Growth because of financials. 
  Instead, the board thought the cannabis company needed a new leader for the next phase of growth, he said. 
  Analysts say Canopy is still well-positioned to dominate in the cannabis industry going forward. 
  Watch Canopy trade live on Markets Insider. 
  To continue to dominate in cannabis, the board of Canopy Growth decided
  
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• US-China trade talks could get off to a rocky start this week as the two sides remain far apart on key issues

  09-07-2019 18:42 via feedproxy.google.com
  Senior negotiators from the US and China are expected to speak by phone this week.That would come after the US reached a trade ceasefire with China late last month, delaying a major escalation in tariffs as the two sides agreed to work toward an agreement. 
  However, the two sides have struggled to see eye-to-eye on how to enforce structural changes in the second-largest economy, which could represent a major sticking point.
  Visit Markets Insider for more stories.
  As Washington and Beijing l
  
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• Wall Street is expecting the worst this earnings season. But Bank of America says traders will be pleasantly surprised.

  09-07-2019 17:19 via feedproxy.google.com
  Earnings season is about to kick off as hundreds of public companies prepare to report financial results for the second quarter of 2019.
  Consensus estimates call for an earnings contraction of 2%, compared to the same period last year.
  But a team of analysts at Bank of America Merrill Lynch have a more optimistic view.
  The firm's analysts expect the S&P 500 to beat expectations by 2% and generate $41 in earnings per share, which would leave year over year growth flat.
  Visit the Markets Insid
  
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• Morgan Stanley says it's time to sell stocks. Here are 3 reasons why the firm is the least confident it's been in 5 years.

  09-07-2019 16:58 via feedproxy.google.com
  Morgan Stanley strategists describe a challenging backdrop for equities after the S&P 500 posted its best first half to a year since 1997.
  The firm gives three reasons why it's moving its current exposure to underweight global equities.
  Their strategists suggest moving capital into two currently unloved areas of the market.
  Click here for more BI Prime stories.Morgan Stanley is the most bearish it's been on global equities since 2014. 
  The Wall Street behemoth just downgraded its invest
  
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• The US just sold over $2 billion worth of arms to Taiwan — and Beijing isn't happy

  09-07-2019 16:52 via feedproxy.google.com
  The State Department has approved $2.2 billion worth of arms sales to Taiwan, the largest military sale since Trump took office.
  The US has historically backed Taipei, but its latest show of support could threaten the tentative truce between the two superpowers.
  China has always claimed control of Taiwan but has never ruled it, while the US is committed to help Taiwan defend itself under the Taiwan Relations Act.
  Read more stories on Markets Insider.
  The US State Department has approved a $2.2 b
  
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• Germany, the backbone of Europe's economy, 'hit a brick wall' in the second quarter

  09-07-2019 15:44 via feedproxy.google.com
  Factory orders in Germany plunged by 2.2% month-to-month in May, well below the consensus for a 0.2% fall driven by a fall in exports. 
  Germany, Europe's largest economy, wobbled in the last quarter but a recession is unlikely, say economists.
  If forecasts are correct, a decline in German manufacturing will have serious implications for the eurozone economy as a whole.
  Read more at Markets Insider. 
  Data coming out of Germany was decent enough, says Pantheon Macroeconomics. But look a
  
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• Elon Musk says there's no Model S or X refresh coming: 'only minor changes' (TSLA)

  09-07-2019 15:22 via feedproxy.google.com
  Tesla isn't planning to refresh its Model S or X, CEO Elon Musk said on Twitter. 
  His comments contradict earlier reports by Electrek that said a refresh was in the works. 
  Last week, Tesla reported second quarter deliveries that topped investor expectations, boosting the company's stock price. 
  Visit Business Insider's homepage for more stories.Tesla's chief executive Elon Musk on Monday night dispelled earlier reports that a major refresh to the company's Model S and X was being
  
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• Acacia Communications skyrockets after Cisco announces plans to acquire the company (CSCO, ACIA)

  09-07-2019 15:13 via feedproxy.google.com
  Cisco Systems has announced an agreement to acquire Acacia Communications for $70 per share, in a deal worth roughly $2.6 billion. 
  Shares of Acacia soared on the news, while shares of Cisco declined slightly. 
  The deal is expected to close in the second half of Cisco's fiscal year 2020. 
  Watch Acacia trade live on Markets Insider.Investors piled into shares of Acacia Communications when Cisco Systems announced early Tuesday that it had reached a definitive agreement to acquire th
  
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• PepsiCo rises after beating Wall Street earnings forecasts (PEP)

  09-07-2019 15:10 via feedproxy.google.com
  PepsiCo rose as much as 1.6% ahead of trading Tuesday after outperforming analyst expectations.
  The food and beverage company's stock is up 20% so far this year, double the performance of its competitor Coca-Cola.
  PepsiCo attributed its second-quarter success to its popular water brands and higher snack prices.
  Watch PepsiCo trade live here.PepsiCo rose as much as 1.6% in early trading Tuesday after beating analyst predictions for its second-quarter earnings.
  The food and beverage company genera
  
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• A VC on Elon Musk's SpaceX board says founders who can't answer this question might miss out on millions in funding

  09-07-2019 14:53 via feedproxy.google.com
  Steve Jurvetson, the founder of the Future Ventures fund who is a board member at SpaceX and Tesla, looks to invest in companies that will "be written about in history books."
  The investor looks at long-term funding options in fields such as space technology and says he asks all applicants what they think their company will be up to in 20 years.
  Future Ventures launched in February and has made eight investments to date.
  Click here for more BI Prime stories."Where do you see yourself five years
  
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• A VC on Elon Musk's SpaceX board says founders who can't answer this 1 question might miss out on millions in funding

  09-07-2019 14:53 via feedproxy.google.com
  Steve Jurvetson, the founder of Future Ventures fund and a board member at SpaceX and Tesla, looks to invest in companies which "will be written about in history books."
  The investor looks at long-term funding options in fields such as space technology and asks all potential applicants the same question. 
  Future Ventures launched in February and has made eight investments to date. 
  Click here for more BI Prime stories."Where do you see yourself five years from now?" is a common questio
  
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• Piper Jaffray agrees to buy Sandler O'Neill for $485 million

  09-07-2019 14:47 via feedproxy.google.com
  Piper Jaffray has agreed to pay $485 million for Sandler O'Neill & Partners in an effort to boost its merger-advisory and fixed-income businesses. 
  The combined company will be named Piper Sandler Companies, with Piper Jaffray acquiring 100% of the equity and partnership interests in Sandler O'Neill.
  Share of Piper Jaffray fell as much as 1.5% before the opening bell on Tuesday.
  Watch Piper Jaffray trade live.
  Two smaller Wall Street firms are joining forces. 
  Piper Jaffray is shel
  
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• Here's why 100 tech firms a month are asking this VC to fund their ventures into space — 'It was a eureka moment for us'

  09-07-2019 14:38 via feedproxy.google.com
  VC funding for space projects has accelerated in recent years as investors wake up to the disruptive possibilities of space tech.
  Seraphim Capital, one of the world's first space focused funds, says it's been inundated by companies seeking financing for their projects as interest in the industry booms. 
  "Space is the nexus of multi-decade trends in major disruptions to the world," Boggett told Business Insider. Everything from climate change, heavy industry, and satellite imaging could be i
  
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• A critical recession indicator used by the Fed just hit its highest level since the financial crisis

  09-07-2019 14:26 via feedproxy.google.com
  A probability model used by the New York Fed to calculate the odds of a recession in the next 12 months just hit 32%, the highest level since 2009.
  A reading above 30% has preceded all recent recessions.
  Read more on Markets Insider. 
  A key recession tracker just hit its highest level since 2009, sending a signal that an economic downturn may be looming on the horizon.
  The New York Federal Reserve's probability model, which predicts the probability of a US recession in the next 12 months, d
  
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• He smashed 'Jeopardy!' records on the way to winning $2.5 million. Now champion James Holzhauer reveals to us the secret to his strategy.

  09-07-2019 14:05 via feedproxy.google.com
  "Jeopardy James" Holzhauer won $2.5 million an iconic game show where contestants usually play it safe. He told Business Insider why he made huge wagers at every opportunity.
  Holzhauer, a professional sports gambler, thought about risk in a unique way and broke records with the biggest wins in "Jeopardy!" history.
  While failure might have been embarrassing, Holzhauer argues that his method was safer than it looks because it let him lock up games in the early going.
  Click here for more BI Prime s
  
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• Stocks are dropping as traders fear a shift in the Fed's rate-cutting stance

  09-07-2019 14:04 via feedproxy.google.com
  World stocks dropped Tuesday as investors braced for the US Federal Reserve to signal it might temper or scrap expected cuts to interest rates this month.
  Stellar nonfarm payroll data last week pointed to a robust US labor market, which "could prompt the central bank to use a smaller knife when cutting interest rates," said Neil Wilson, the chief market analyst for Markets.com.
  "This is the key period that will either see the Fed crystallize market expectations for a cut later this month, or gen
  
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• A Wall Street firm says these 19 companies are set to dominate the broader market over the next year

  09-07-2019 14:02 via feedproxy.google.com
  Needham, a Wall Street investment bank, asked each of its analysts which company they think will outperform the broader market in the medium term.The Needham Conviction list features companies from a broad range of industries including semiconductors, software, retail, and pharmaceuticals. 
  Here are the 19 companies identified by Needham analysts as likely outperformers over the next year.Visit the Markets Insider homepage for more stories.
  Needham just released its first-ever Conviction Li
  
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• Richard Branson's Virgin Galactic is going public in 3, 2, 1...

  09-07-2019 13:05 via feedproxy.google.com
  Sir Richard Branson has struck a deal to take Virgin Galactic public.
  The billionaire and serial entrepreneur has agreed to sell a 49% stake in his space-tourism venture, in a transaction valuing the company at $1.5 billion.
  The buyer is a public investment vehicle controlled by two venture capital firms, Social Capital and Hedosophia.
  View Markets Insider's homepage for more stories.Sir Richard Branson has struck a deal to take Virgin Galactic public, creating the first publicly traded commerci
  
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• Here's why Deutsche Bank's thousands of newly unemployed workers have a tough road ahead

  09-07-2019 11:33 via feedproxy.google.com
  Deutsche Bank kicked off a plan to cut 18,000 jobs yesterday in a massive overhaul of the business. 
  Most of these workers will be looking for jobs at the worst possible time due to an ever shrinking market and summer lull in hiring. 
  An insider at one bulge-bracket firm, who spoke to Business Insider, said any poaching of top talent from Deutsche Bank had been done long before yesterday's cuts.
  Read more stories on Markets Insider.
  Yesterday, Deutsche Bank started a massive overhaul o
  
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• Why you shouldn’t get distracted by your competitors

  09-07-2019 02:00 via warc.com
  London’s bike wars provide a salutary lesson for marketers who obsess about the competition. Instead, says Nick Liddell, they should look to the example of Formula One’s McLaren.
  
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• Monzo shows the power of brand (though losses increase)

  09-07-2019 02:00 via warc.com
  Monzo, the UK-based fintech, continues to add customers both in the UK and now the US, but profits are yet to arrive as the challenger bank invests in staff and increased marketing spend.The mobile-only bank hit ‘unicorn’ status last...
  
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• Internal disruption works for General Mills

  09-07-2019 02:00 via warc.com
  Faced with a changing market where it found itself in the ‘squeezed middle’ between premium and private-label products, General Mills has had to rethink not just its brands but how it operates internally.While the cereals giant has...
  
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• India's digital audio opportunities

  09-07-2019 02:00 via warc.com
  India’s audio market is undergoing a renaissance as music streaming and podcasting take off, giving brands new opportunities to reach consumers and to target them more closely based on factors such as mood and interests.According to Neeraj...
  
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• How dairy brand Amul won the trust of India's consumers

  09-07-2019 02:00 via warc.com
  Amul, the Indian dairy brand, is so trusted by all levels of society it does not do the sort of market segmentation other brands customarily undertake, but that trust has been built over decades, based on quality and a local focus. ...
  
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• Diageo talks up Talisker

  09-07-2019 02:00 via warc.com
  Diageo’s belief that voice is “a great way to enhance the whisky-tasting experience” has been demonstrated sufficiently with its Talisker single malt for the drinks giant to consider rolling out the approach to other products in...
  
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• Budweiser backs women's football

  09-07-2019 02:00 via warc.com
  The 2019 FIFA Women’s World Cup may have lacked a beer sponsor, but following the success of the US national team Budweiser is extending its support for women’s soccer by stepping into that role with the National Women’s Soccer...
  
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