Sales & Marketing news

• Stocks close at fresh highs as Wall Street anticipates a July rate cut

  12-07-2019 22:57 via feedproxy.google.com
  All three major US averages notched new records, days after the central bank chairman Jay Powell signaled that policymakers would slash interest rates at the end of the month.In congressional testimony on Wednesday and Thursday, Powell reaffirmed that the central bank would take action to sustain the decade-long expansion.
  That reassured investors who had seen a rate cut as less likely following a strong June jobs report last week.
  Visit Markets Insider for more stories.
  Stocks closed at fresh h
  
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• Facebook climbs after the FTC approves the company's $5 billion privacy settlement (FB)

  12-07-2019 22:45 via feedproxy.google.com
  Facebook stock extended gains in late trading on Friday after the FTC approved a $5 billion settlement payment with the social-media company. The stock closed up roughly 2%.
  The payment resolves an investigation stemming from the Cambridge Analytica scandal.
  The FTC settlement marks the most significant action yet against Facebook for its series of missteps that compromised users' data and privacy.
  Watch Facebook trade live here.
  Facebook stock rose in the last few minutes of regular-hours tradi
  
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• Who is Jerome Powell? The man Trump keeps trying to fire holds the fates of US economy and stock market in his grasp

  12-07-2019 20:27 via feedproxy.google.com
  Age: 66
  Family: Powell is married with three children: Lucy, Susie, and Sam Powell. 
  Where is he from: He was born in Washington, DC, and spent most of his career between the capital and New York City.
  Career: Partner at Carlyle Group, Visiting Scholar at the Bipartisan Policy Center, Assistant Secretary and Undersecretary of the Treasure for President George H.W. Bush
  Education: AB in Politics from Princeton University, Law Degree from Georgetown University
  How did Powell g
  
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• J&J tumbles amid reports the DOJ launched a criminal investigation into whether it lied about its baby powder's cancer risks (JNJ)

  12-07-2019 19:29 via feedproxy.google.com
  Shares of Johnson & Johnson fell as much as 6% Friday amid reports the US Justice Department is pursuing a criminal investigation into the company.
  The DOJ is looking into whether J&J lied about the possible cancer risks of its talcum powder, according to the Bloomberg report.
  Lawsuits alleging the products are responsible for cancer have cited internal memos dated as far back as the 1960s that warn asbestos could be found in J&J talc products.
  Nearly a dozen court cases have conclud
  
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• Advertising people will pay for

  12-07-2019 18:05 via warc.com
  What do you do about advertising so effective that people are willing to pay for it? What happens when the advertising itself becomes a kind of fast fashion? Faris Yakob thinks through the conundrum.
  
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• Bank of America just slashed its forecast for global economic growth — and it's blaming Trump's trade war

  12-07-2019 17:57 via feedproxy.google.com
  Bank of America Merrill Lynch cut its expectation for global gross-domestic-product growth on Friday to 3.3%, down from 3.6%.
  The firm cited trade-war uncertainty between the US and China and a lack of normalization in interest rates as reasons.
  Emerging markets in Europe, Africa, and the Middle East are holding up amid global trade woes and should see meager improvements in 2020, BAML says.
  Bank of America Merrill Lynch lowered its expectations for global gross domestic product growth on Friday
  
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• Here's what makes the developing Ford-VW alliance unique: 'coopetition' (F)

  12-07-2019 17:54 via feedproxy.google.com
  The emerging VW and Ford alliance makes use of an interesting concept, balancing cooperation and competition.
  Ford CEO Jim Hackett, who is overseeing an $11-billion restructuring of Ford, called this model "coopetition" after the two companies announced an expanded partnership on Friday in New York.
  Coopetition means that Ford and VW can save money on shared engineering while breaking ranks later when they take new vehicles and services to market.
  Visit Business Insider's homepage for more stori
  
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• What does the WFA’s Voice Coalition mean for advertisers?

  12-07-2019 16:46 via warc.com
  With children comfortable using voice search as their primary means of product discovery, now is the time for marketers to get ahead of the game, says Marin Software’s Wesley MacLaggan.
  
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• Kanye Strategy: where Nike’s loss was adidas’ gain

  12-07-2019 16:46 via warc.com
  In the Yeezy shoe brand, a collaboration between German shoemaker adidas and prolific showman and artist Kanye West, we see what becomes of a disciplined business model with a thoroughly undisciplined creative at the helm. WARC’s Lona...
  
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• Trump again claims that his immigration deal with Mexico included secret concessions

  12-07-2019 16:32 via feedproxy.google.com
  President Donald Trump defended his use of tariffs in a series of misleading tweets early Friday. 
  He suggested once again that there was more to the deal he reached with Mexico in June than had already been announced. 
  Trump has sought to emphasize that claim since the New York Times reported last month that many aspects of the agreement had been reached before the US threatened sweeping tariffs.
  Visit Markets Insider for more stories.
  President Donald Trump defended his use of tariff
  
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• US stocks are climbing as traders bet big on rate-cut hopes

  12-07-2019 15:49 via feedproxy.google.com
  Stocks climbed on Friday as the growing prospect of a cut to US interest rates this month outweighed renewed tensions in the US-China trade war, an unexpected contraction in Singapore, and uninspiring Chinese trade data.
  Federal Reserve Chair Jerome Powell told Congress that the central bank is largely in agreement that "more accommodative monetary policy may be appropriate."
  However, Trump accused China of "letting us down" by not purchasing US agricultural products as promised. 
  "Unhappy
  
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• Warren Buffett's favorite business is a little chocolate maker with an 8000% return. Here are 5 reasons why he loves See's Candies.

  12-07-2019 15:33 via feedproxy.google.com
  Investing guru Warren Buffett may have invested in Apple and Coca-Cola, but his "dream business" is See's Candies, a California seller of boxed chocolates he bought in 1972.
  The so-called Sage of Omaha has praised See's outsized financial returns, modest capital needs, economic moat, quality personnel, and the chocolates themselves.
  Watch Berkshire Hathaway trade live.Warren Buffett has invested in Apple, Coca-Cola, Amazon, Bank of America, and other household names. Yet See's Candies, a Califor
  
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• The top strategist for $2.5 trillion investment giant State Street breaks down a growing threat to the market that's lurking in the shadows, even as stocks soar

  12-07-2019 15:14 via feedproxy.google.com
  The swelling private-equity and debt markets are looming as possible threats to investors once interest rates rise and financial conditions tighten, according to Michael Arone of State Street Global Advisors.
  Arone says that market is likely to keep growing for now. But since the market lacks transparency compared to the stock market, investors may not understand the risks they're taking.
  Other experts are also saying the rapid growth in leveraged loans and other private debts in the past decade
  
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• Snap jumps after Goldman upgrades it to 'buy' on better-than-expected user growth (SNAP)

  12-07-2019 15:00 via feedproxy.google.com
  Shares of Snap Inc., the creator of popular social media platform Snapchat, rose as much as 3.8% pre-market on Friday after Goldman Sachs upgraded the company from a "neutral" to a "buy" rating.
  The Wall Street firm cited higher-than-anticipated user growth from the launch of Snap Games and widely popular gender swap lenses as being among the reasons for the upgrade. 
  Snap's stock has blown past the broader market this year, rising as much as 183%. 
  Watch Snap trade live. 
  Visit t
  
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• Illumina plummets after cutting revenue expectations and getting a downgrade from Bank of America (ILMN)

  12-07-2019 14:57 via feedproxy.google.com
  Shares of Illumina plummeted in early trading on Friday after issuing a disappointing revision to its full-year guidance and getting a rating downgrade from Bank of America Merrill Lynch.
  The bank cut its price target by more than 18% and gave the stock its first "underperform" rating since March.
  The genetics company said it expects to report second-quarter revenue of approximately $835 million, well below analysts' $887.9 consensus estimate.
  Watch Illumina trade live here.
  Illumina shares fell
  
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• Ford and VW have stepped up their alliance — Ford will develop an electric vehicle using VW tech by 2023 (F)

  12-07-2019 14:53 via feedproxy.google.com
  On Friday, Ford and the Volkswagen Group announced that they would step up their global alliance.
  "Ford will become the first additional automaker to use Volkswagen's dedicated electric vehicle architecture and Modular Electric Toolkit – or MEB – to deliver a high-volume zero-emission vehicle in Europe starting in 2023," the companies said in a statement.
  The VW Group also announced on Friday that it would invest $2.6 in the self-driving-car startup ArgoAI, after Ford invested $1 bil
  
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• This VC says the cut-throat hunt to beat SoftBank to the hottest startups means funds need to be faster than ever

  12-07-2019 14:34 via feedproxy.google.com
  Luis Valdich, an MD at Citi Ventures, the VC arm of Citigroup, says the market for startup funding has been changed by the emergence of SoftBank's Vision Fund. 
  VCs now have to move quickly to invest in attractive startups given the heavy competition from funds like SoftBank and others. 
  Despite the "tricky dynamic," Valdich sees possibilities in the sector as the fund looks to support different businesses within Citigroup. SoftBank's $100 billion Vision Fund has completely change
  
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• Roku has skyrocketed 240% this year. We spoke to 3 experts about why, and what investors should be looking for in the future. (ROKU)

  12-07-2019 14:30 via feedproxy.google.com
  Roku, a provider of smart TVs and a wildly popular streaming platform, has risen 240% since the start of the year. 
  Markets Insider spoke with three Wall Street analysts to dive into the metrics, initiatives, and trends that have helped elevate Roku's market value this year. 
  The analysts mentioned everything from Roku's ability to secure low-cost content, to the how the company has positioned itself to soak up subscription revenue from new streaming platforms coming to the market.&nbs
  
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• Morgan Stanley's investment chief says beware these 3 'summer surprises' set to crush stocks

  12-07-2019 14:14 via feedproxy.google.com
  Mike Wilson, the chief investment officer and chief US equity strategist at Morgan Stanley, thinks stocks are in for a rough third quarter because of three specific headwinds.
  He also calls for a 10% correction and says stocks haven't properly discounted looming danger.
  Click here for more BI Prime stories.It's important not to let the summer heat get to you.
  When the temperature in the marketplace rises, a lack of proper preparation, analysis, and composure can turn would-be temporary pain into
  
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• JPMORGAN: These 4 drivers are all you need if you want to master the market heading into 2020

  12-07-2019 14:05 via feedproxy.google.com
  This year has been marked by powerful rallies in the stock and bond markets, thanks to the dovish policy tilt by central banks.
  According to JPMorgan, the double-digit gains are unlikely to be repeated in the second half of the year.
  It outlined four themes it thinks will drive markets into 2020.
  Click here for more BI Prime stories.The trade war that's threatening to upend the global economy has indirectly become a boon for markets this year.
  Amid the tensions, investors piled into the safety o
  
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• VW is investing $2.6 billion in ArgoAI following a cash infusion from Ford, valuing the self-driving-car startup at more than $7 billion (F)

  12-07-2019 14:00 via feedproxy.google.com
  Volkswagen on Friday announced a $2.6 billion total investment in ArgoAI, a self-driving-vehicle startup founded in 2016 that had earlier attracted $1 billion in funding from Ford.
  VW's investment is $1 billion in cash, with the additional contribution of its $1.6-billion, Munich-based Autonomous Intelligent Driving division.
  ArgoAI would remain an independent company post-deal, which would allow it to seek additional investment from other partners.
  Also on Friday, VW and Ford revealed additiona
  
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• Trump's rant against crypto was 'baffling' and 'depressingly archaic,' says financial advisory CEO

  12-07-2019 12:40 via feedproxy.google.com
  Trump on Thursday slammed crypto currencies, saying "was not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air."Now one finance advisory firm is saying that Trump's thoughts about bitcoin are "archaic" and his approach to cryptocurrencies is "baffling."
  Click here for more Markets Insider stories.On Thursday President Trump tweeted that he "was not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose
  
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• What you need to know from the China Internet Report 2019

  12-07-2019 02:00 via warc.com
  China has taken a leadership role on the global technology stage, with Chinese tech brands now considered trailblazers rather than copycats, according to the latest
  
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• The Body Shop rediscovers its mojo

  12-07-2019 02:00 via warc.com
  The Body Shop, the health and beauty manufacturer and retailer, is making activism a core part of its business – extending all the way from marketing messages to the commercial brand proposition.The brand has always had a strong sense of...
  
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• Spotify goes Lite as it launches emerging markets push

  12-07-2019 02:00 via warc.com
  Music streaming service Spotify has launched a simplified version of its main app in 36 markets across Asia, Latin America, the Middle East and Africa.Dubbed Spotify Lite, it touts features that make the user experience a better one for markets...
  
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• Former AOL chief helps direct-to-consumer brands

  12-07-2019 02:00 via warc.com
  Direct-to-consumer brands are growing in popularity, but they often find they rely on Google and other tech giants to reach new customers – an unsatisfactory arrangement that former AOL CEO Tim Armstrong seeks to resolve with a new venture. ...
  
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• Amazon Music grows faster than Spotify and Apple

  12-07-2019 02:00 via warc.com
  Spotify continues to dominate the global music streaming industry, but Amazon is gaining momentum, adding subscribers to its own music streaming service at a faster rate than its rivals, which also include Apple and Google.According to informed...
  
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• Adolescent perceptions of black-oriented movies

  12-07-2019 02:00 via warc.com
  Movies that are targeted primarily at black audiences could also be promoted more extensively to different groups of consumers, a paper in the Journal of Advertising Research (JAR) has suggested.The study, entitled
  
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