Sales & Marketing news

• Carl Icahn criticizes petroleum giant Occidental's recent mega-merger, says Warren Buffett took its CEO 'to the cleaners'

  22-07-2019 20:19 via feedproxy.google.com
  Carl Icahn slammed Occidental Petroleum's CEO and chairman Monday, saying its deal to takeover Anadarko was hastily done. 
  Icahn and the board of Occidental have been in a public battle over the deal and four director seats on the board. 
  In the latest letters to shareholders, Icahn said that Warren Buffett's $10 billion financing of the Anadarko deal took Occidental's CEO "to the cleaners."
  Read more on Markets Insider.
  Carl Icahn, the activist investor who has been in a public battle
  
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• Beyond Meat skyrockets as expectations for the company's second-quarter earnings mount (BYND)

  22-07-2019 20:07 via feedproxy.google.com
  Investors are starting to look ahead to Beyond Meat's second-quarter earnings release on July 29. 
  Shares of the plant-based meat alternative producer climbed more than 12% on Monday. 
  After the company's first-quarter earnings beat expectations, shares jumped more than 20%. Analysts at JPMorgan say another earnings beat is likely. 
  Watch shares of Beyond Meat trade live on Markets Insider. 
  Investors are setting high expectations for Beyond Meat's second-quarter earnings rel
  
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• DoorDash uses a shady tactic that stiffs workers out of some tips and customers are furious

  22-07-2019 19:57 via feedproxy.google.com
  DoorDash is being slammed by people accusing it of misleading tipping practices.
  As a New York Times reporter found out while delivering for the startup, sometimes customer tips don't always make it to the worker.
  The company has a guaranteed minimum payment for each delivery, and tips sometimes make up part of that.
  A DoorDash representative said the company was always perfecting its payment structures and in most cases contributed more to a delivery person's guaranteed minimum than customers,
  
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• 'Get out quick': A strategist at $1 trillion Edward Jones explains why bitcoin's 300% rally is not to be trusted

  22-07-2019 19:40 via feedproxy.google.com
  In an exclusive interview with Business Insider, Kate Warne — an investment strategist at Edward Jones, which oversees more than $1 trillion — said to "never be a long-term investor" in cryptocurrency.
  She also criticized the fervent speculation and excitement behind the asset class, attributing price movements to irrational investor behavior.
  Click here for more BI Prime stories.Sometimes investing can feel like gambling.
  Take the chorus of "The Gambler," most famously performed by
  
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• Elizabeth Warren just issued a stark warning around a 'coming economic crash' — and outlined a plan to avoid it

  22-07-2019 18:30 via feedproxy.google.com
  The Democratic presidential candidate Elizabeth Warren published a Medium post on Monday expressing her concern for the US economy and suggesting ways to prevent the next downturn.
  Warren pointed to rising household and corporate debt, as well as a slowing manufacturing sector, as the biggest threats to the American economy.
  Her plan to prevent the next downturn includes a series of steps including the regulation of leveraged corporate lending and raising the minimum wage to $15 an hour.
  Visit t
  
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• Boeing's credit outlook was just cut to 'negative' by a ratings agency, which cited the 737 Max crisis (BA)

  22-07-2019 18:04 via feedproxy.google.com
  Fitch Ratings downgraded its outlook for Boeing to "negative" from "stable" amid continued problems surrounding the still-grounded 737 Max aircraft. 
  The ratings agency said the damage to Boeing's image, along with costs associated with the 737 Max remaining grounded, will be important to watch over the next year.
  Boeing has struggled since two deadly crashes led to the 737 Max's grounding by the FAA. Now, the plane may not return to service until 2020. 
  Watch Boeing trade live on Mark
  
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• The biggest names in investing keep talking about 'bubbles' in the market. Here's what they're saying.

  22-07-2019 17:13 via feedproxy.google.com
  Dear Readers,
  There's been a lot of bubble talk in markets lately. Some of it has been warranted, while other punditry is clearly intended to roil investor emotions. The tough part for market participants is cutting through the noise and figuring out what's valid, and what's mere bloviation.
  The Investing team at Business Insider has been closely monitoring the various warnings shots that keep getting fired. And we've ultimately arrived at a tried and true method: listen most closely to the succ
  
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• Goldman Sachs says we're relying too much on manufacturing to measure the US economy

  22-07-2019 17:08 via feedproxy.google.com
  An analyst at Goldman Sachs has questioned how much emphasis we should be using to measure the economy. 
  "We warn against putting excessive weight on ups and downs in manufacturing data," because the sector only accounts for 20% of volatility in overall output growth.
  View Markets Insider for more stories. 
  Markets and economists have traditionally been focused on manufacturing when measuring the economy and its overall health.
  But, Daan Struyven an analyst at Goldman Sachs, says manuf
  
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• Stitch Fix jumps after Stifel says the stock is trading at an attractive discount (SFIX)

  22-07-2019 16:45 via feedproxy.google.com
  Analysts at Stifel Nicolaus upgraded Stitch Fix to "buy" from "hold" citing a good entry price on shares. 
  Shares of Stitch Fix climbed as much as 4% on the news. 
  While the growth of the client base has stagnated, the analysts expect a rebound going forward as Stitch Fix continues to expand. 
  Watch Stitch Fix trade live on Markets Insider. 
  For investors looking for a discount, now's the time to buy shares of Stitch Fix, according to analysts who cover the company. 
  
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• Philip Morris is betting on e-cigarettes and new flavors as it feels the heat from Juul and KT&G

  22-07-2019 16:45 via feedproxy.google.com
  Philip Morris is expanding its e-cigarette business and rolling out new flavors as it feels the heat from Juul and Korea Tobacco & Ginseng Corporation.
  The tobacco titan has "an eye" on Juul and plans to fend off the startup by winning customers first.
  It lost e-cigarette market share in South Korea in the second quarter as KT&G capitalized on South Korean smokers' unique tastes with novel flavors and crushable capsules.
  Watch Philip Morris trade live.The maker of Marlboro cigarettes is
  
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• These are the 20 fastest-growing US states over the last 50 years

  22-07-2019 16:29 via feedproxy.google.com
  The US economy has been the world's largest economy for more than a century. 
  However, some US states have been growing much faster than others over the past 50 years.
  Some states have benefited hugely from the tech boom, while others have suffered from declines in manufacturing jobs and other factors.
  View Markets Insider for more stories.The United States may be the largest economy in the world, but some states have contributed more to its growth than others.
  It's no secret that Californi
  
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• Iran is squirrelling millions of barrels of crude oil in Chinese ports to avoid breaching US sanctions

  22-07-2019 16:08 via feedproxy.google.com
  Iran is squirreling away millions of barrels of oil in storage tanks at Chinese ports, avoiding a breach of US sanctions while providing its biggest buyer with a ready supply of crude.
  The oil has been placed in "bonded storage," Bloomberg said, meaning it hasn't cleared customs so isn't subject to sanctions.
  China received about 12 million barrels of Iranian oil from January through May, but only 10 million barrels cleared customs.
  View Markets Insider's homepage for more stories.Iran is squirr
  
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• Disney stock jumps after 'The Lion King' and 'Avengers: Endgame' set box office records (DIS)

  22-07-2019 16:01 via feedproxy.google.com
  Disney shares opened 1% higher Monday after the weekend brought a record July opening for "The Lion King" and established "Avengers: Endgame" as the highest-grossing movie of all time.
  James Cameron's "Avatar" was the last blockbuster to hold the record for biggest international release. Disney acquired the "Avatar" franchise in 2019 when it merged with Fox.
  Five of the top six openings in 2019 are Disney movies. Sequels to "Maleficent" and "Frozen" are slated for release later in the year.
  Watc
  
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• Deutsche Bank's CEO fretted about 'mercenary,' 'buccaneering' traders ruining the brand before saying 'The party is over!'

  22-07-2019 15:50 via feedproxy.google.com
  The Financial Times chronicled how Germany's biggest bank went about overhauling the business with a plan to slash 18,000 jobs."Saying 'enough of it, the party is over!' required a lot of courage," one unnamed source told the newspaper.
  The bank had to develop a "bad bank," segregating unwanted equities and tens of billions of "deadwood" derivatives.
  Visit Markets Insider for more stories. 
  In a chronicle of Deutsche Bank's demise, leading to an overhaul that will see more than 18,000 jobs
  
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• The top strategist at $2 trillion investor JPMorgan Asset Management says the leveraged loan market is now ‘deeply concerning’

  22-07-2019 15:39 via feedproxy.google.com
  In Europe, 95% of all leveraged loans are now "cov-lite," meaning that companies have made few or zero promises to investors about how they get their money back. Globally, it's over 80%.
  "It's deeply concerning to me when you see the covenant erosion taking place here," J.P. Morgan's Michael Cembalest told Business Insider.
  "The leveraged loan market is one of those markets that is highly liquid when everyone wants them but really illiquid when no one wants them," Cembalest said. "In bad market
  
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• Equifax agrees to pay up to $700 million to settle a probe into its massive data breach (EFX)

  22-07-2019 15:36 via feedproxy.google.com
  Equifax, one of the three largest credit reporting agencies, will pay as much as $700 million in fines over its 2017 data breach that revealed personal information on about 147 million people. 
  The Federal Trade Commission announced the settlement in a statement on its website on Monday morning, nearly two years after the hack occurred. 
  The proposed settlement would also require Equifax to provide free credit reports to all US customers.
  Watch Equifax trade live.
  Nearly two years afte
  
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• Trump ramps up pressure on the Fed, saying the 'very misguided' central bank should 'move now' to cut interest rates

  22-07-2019 15:11 via feedproxy.google.com
  President Donald Trump lambasted the Federal Reserve on Monday, urging policymakers to lower interest rates at its policy meeting next week. 
  That marked the latest broadside on the independent central bank, adding to an unprecedented campaign as his 2020 reelection campaign heats up.
  The president has separately attempted to install political allies at the top of the central bank and suggested the US should artificially weaken the dollar.
  Visit Markets Insider for more stories.
  President D
  
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• The biggest week of earnings season is here. Here are the 8 companies to watch — and what to look out for.

  22-07-2019 14:17 via feedproxy.google.com
  July 25 is shaping up to be the biggest day of the week, with Amazon, Alphabet, Starbucks and 3M all announcing their quarterly figures.
  These large-cap companies will announce their latest earnings figures after several banks reported mixed results and major indexes hit record highs.
  Visit the Markets Insider homepage for more stories.
  The busiest and most important earnings season of the year is set to kick off on July 22. That follows a week where major stock indexes hit record highs and seve
  
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• Chinese investment into the US has plunged 90% since Trump took office — and poorer states may get hit the hardest

  22-07-2019 12:11 via feedproxy.google.com
  Chinese foreign direct investment in the US has plummeted, leaving rural states that depend on that investment vulnerable, The New York Times reported.
  Chinese FDI peaked in 2016 at $46.5 billion but fell to $5.4 billion in 2018, according to data cited by The Times.
  A slowing Chinese economy and growing distrust between the countries are being blamed.View Markets Insider for more stories.
  Chinese foreign direct investment in the United States has plummeted since President Donald Trump took offi
  
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• The need for female 'wolf packs' in India's advertising scene

  22-07-2019 02:00 via warc.com
  India’s advertising industry needs more female ‘wolf packs’ to address internal challenges around harassment and inequality, an industry figure maintains, a development that could also produce better marketing communications. ...
  
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• Quality sites trigger a 'halo effect' on ad perception

  22-07-2019 02:00 via warc.com
  Consumers respond far more favourably to digital ads that are viewed on trusted editorial sites, suggesting that high-quality journalism has a “halo effect” and generates a more engaged audience for advertisers.That is according to...
  
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• Japan's Uniqlo bets big on India with store debut in October

  22-07-2019 02:00 via warc.com
  After months of anticipation, fast fashion retailer Uniqlo has announced that its first outlet in India will open its doors to consumers in October.“The opening of our first store in Ambience Mall, Vasant Kunj, followed by a second and third...
  
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• ITV and BBC will launch a joint streaming service

  22-07-2019 02:00 via warc.com
  ITV and the BBC announced last week that they have joined forces to launch a new streaming service in the UK, as they seek to counter the challenge posed by the likes of Netflix and Amazon Prime.The UK’s two largest TV networks
  
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• Gannett and GateHouse Media in merger talks

  22-07-2019 02:00 via warc.com
  Gannett and GateHouse Media, the two largest newspaper publishers in the US, are reported to be in advanced merger talks that, if successful, would create a news giant with at least 265 daily titles, including Gannett’s flagship USA Today. ...
  
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• Charles Schwab's podcast marketing strategy

  22-07-2019 02:00 via warc.com
  Charles Schwab, the banking provider and brokerage, is utilising a nuanced podcasting strategy to engage consumers about their money and lead them towards using the company’s products.Helen Loh, Schwab’s SVP of digital and content...
  
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• Advertisers in Australia and Singapore bullish on Connected TV's future

  22-07-2019 02:00 via warc.com
  The prevalence of online streaming platforms in everyday conversations may suggest that it has replaced traditional TV for consumers as the go-to for their favourite shows.However, traditional TV still holds the largest share of TV watching (46%...
  
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