Sales & Marketing news

• Tesla could be the only automaker that doesn't survive the Great Auto Disruption (TSLA)

  03-08-2019 15:17 via feedproxy.google.com
  There is no disruption of the auto industry. But there could be a "self-disruption," with automakers pursuing an electrification strategy that would benefit from customers changing over from gas-powered cars.
  Tesla kicked off the latest wave of the EV era, but it might not survive its own innovations.
  Ultimately, that outcome could be fine with CEO Elon Musk, whose vision is wider than just Tesla.
  Visit Business Insider's homepage for more stories.It's common now to hear "auto industry" and "dis
  
  Read more

• A $1 billion Putnam Investments fund is over-exposed to derivative trades based on fragile shopping mall mortgages, says this short bettor

  03-08-2019 15:00 via feedproxy.google.com
  45% of nearly $1 billion in net assets inside Putnam Investments' Mortgage Securities Fund (PGSIX) are exposed to an index of commercial mortgages based on fading US shopping malls, according to the fund's semi-annual report.
  Investors at MP Securitized Credit Partners have taken a significant short position against that index, named "CMBX 6," betting it will fall.
  There is a liquidity question: It is not clear who would be willing to buy these assets if the price of them starts to fall.
  Putnam
  
  Read more

• Berkshire Hathaway is the most expensive stock in the world. Here's what else you can buy for a single share. (BRK.A)

  03-08-2019 14:05 via feedproxy.google.com
  Berkshire Hathaway's Class A is the costliest stock in the world, with its price sitting at roughly $300,000 a share.
  This is primarily due to CEO Warren Buffett's choice to not split the shares as they rise in value. He once said that keeping the share price so high drives away traders looking to make a quick buck.
  Here are a few luxuries you could buy for the same price as a single share of BRK.A, ranging from 151,000 lottery tickets to two houses.
  Watch Berkshire Hathaway Class A trade here l
  
  Read more

• LSE's big bet; Humans are beating machines in hedge-fund land; Early days for AI

  03-08-2019 13:15 via feedproxy.google.com
  Dear readers,
  Happy Saturday!
  In a blockbuster $27 billion deal that's certain to threaten Bloomberg's financial-data empire, the London Stock Exchange struck an agreement this week to buy the data company Refinitiv.
  The tie-up highlights trading venues' desire to move beyond low-margin trading and clearing into the more lucrative business of selling data.
  LSE CEO David Schwimmer, who joined the stock-exchange group less than a year ago from Goldman Sachs, is driving the industry-changing transa
  
  Read more

• Advertisement

• 'Follow the bubble': Famed investor David Rosenberg breaks down the unique way he thinks the next US recession will unfold

  03-08-2019 12:05 via feedproxy.google.com
  David Rosenberg, chief economist and strategist at Gluskin Sheff, sounds the alarm on a Federal Reserve-induced bubble he sees expanding within the US economy. 
  He points to inflated corporate balance sheets and looming debt servicing payments in order to bolster the case for a recession.
  Click here for more BI Prime stories.It's hard to find a word in the English language that conjures a more visceral reaction from investors than "bubble."
  This market phenomenon has been associated with ev
  
  Read more

• The SEC says former high flying VC Michael Rothenberg misappropriated $19 million from investors, and kept it up even while he was negotiating his settlement

  03-08-2019 00:43 via feedproxy.google.com
  The SEC, in a recent legal filing, alleges that former Silicon Valley VC Mike Rothenberg misappropriated roughly $19 million in investor funds. 
  The filing comes a year after Rothenberg settled SEC charges that he diverted investor funds, in a deal that barred Rothenberg from the investment and brokerage advisory business for five years.
  According to the new SEC filing, Rothenberg misappropriated funds even as he was negotiating with the agency about the initial allegations.
  The SEC wants t
  
  Read more

Follow @sales_mrktinguk on Twitter!