Sales & Marketing news

• MoviePass laid off roughly a third of its staff, including its entire team focused on relationships with movie theaters

  30-08-2019 22:27 via feedproxy.google.com
  MoviePass laid off at least seven of its employees this week, multiple sources close to the company told Business Insider.
  The layoffs included MoviePass' two-person exhibitor-relations team, which was responsible for helping MoviePass build relationships with movie theaters.
  The full-time staff is at 12, according to one source close to the company. At the company's peak, it had about 40 staffers.
  Visit Business Insider's homepage for more stories.The downfall of MoviePass continues.
  This week,
  
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• Stocks whipsaw after weak consumer-confidence reading rattles investors

  30-08-2019 22:14 via feedproxy.google.com
  Stocks ended August with a volatile day of trading on Friday, as a decline in a key consumer-confidence gauge offset earlier gains that had been sparked by increased optimism around trade. 
  Markets opened higher on Friday after China's Foreign Ministry said the US and China were maintaining "effective communication."Most of those gains were lost after the University of Michigan's consumer-sentiment index posted its largest monthly decline since 2012 in August.  
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• Trump's trade war with China is about to get worse — these maps show which states could be most affected

  30-08-2019 21:35 via feedproxy.google.com
  The costs of the US-China trade war have increasingly fallen on Americans, rippling through supply chains and putting pressure on prices across the country.
  Tariff escalations set to begin this weekend are expected to be felt in every region of the country.
  But states highly exposed to trade with China are poised to be hit particularly hard.
  Visit Business Insider's homepage for more stories.President Donald Trump sought to win fairer trade policies for the US as he ignited a trade war with Chin
  
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• Trump suggests companies complaining about tariffs are 'badly run and weak' with 'bad management'

  30-08-2019 18:50 via feedproxy.google.com
  President Donald Trump said on Friday that companies that have pushed back against his escalating trade disputes have done so in an attempt to shift blame away from internal mismanagement. 
  Trump has sought to blame others for backlash over his standoffs with China and other trading partners.
  But hundreds of companies testified before US trade officials this year to push back against tariffs, which they said would raise prices and threaten jobs.
  Visit the Markets Insider homepage for more s
  
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• Consumers, retailers, farmers, manufacturers, and tech firms are all getting clobbered by tariffs in Trump's trade war

  30-08-2019 18:28 via feedproxy.google.com
  Trump's trade war has now raged on for over a year, and although talks are set to resume, the American economy has been suffering. 
  GDP growth in the second quarter of 2019 came in lower than expected on Wednesday and America's trade deficit widened — both signs of the drag the trade war is having. 
  Now key sectors are fighting back, including farming, manufacturing, and retail, saying that the trade war is damaging their businesses, costing jobs and hurting their wallets. 
  
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• Trump attacks the Fed’s policies again, saying the US economy does not have a 'tariff problem'

  30-08-2019 18:18 via feedproxy.google.com
  President Donald Trump on Friday ripped into the Federal Reserve on Twitter yet again, calling for further interest-rate cuts to weaken the dollar. 
  Trump has long blamed the Fed for the greenback's strength, which he says gives other countries a trade advantage. 
  Companies that have said the tariffs are hurting business are "badly run and weak," Trump added. 
  Read more on Markets Insider. 
  President Donald Trump ripped into the Federal Reserve on Twitter — again.
  On Fr
  
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• Trade-war fears trigger the biggest decline in US consumer confidence in 6 years

  30-08-2019 17:54 via feedproxy.google.com
  The University of Michigan's consumer-sentiment index on Friday showed its largest monthly decline since December 2012, falling to 89.8 in August from a 98.4 reading in July.
  The newest data is the lowest reading since October 2016, following the recent yield-curve inversion and trade-war escalations that have revived recession concerns.
  The negative trend "is due to negative references to tariffs" from those surveyed, Richard Curtin, the Survey of Consumers chief economist, said in a statement.
  
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• Orange juice futures are surging as Hurricane Dorian threatens to devastate Florida's groves

  30-08-2019 17:54 via feedproxy.google.com
  Orange juice futures hit a 12-week high of $1.06 per pound on Friday, as Hurricane Dorian threatened to ravage Florida's orange groves this Labor Day weekend.
  The commodity's price has jumped 9% this week as traders brace for the storm.
  Florida's orange industry was hammered by Hurricane Irma two years ago, which slashed production to its lowest levels since 1945, according to Bloomberg.
  Watch orange juice trade live.
  Orange juice futures hit a 12-week high of $1.06 per pound on Friday, as Hurri
  
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• Ray Dalio's flagship hedge fund is reportedly down 6% this year as other macro managers flourish

  30-08-2019 17:19 via feedproxy.google.com
  Ray Dalio's primary hedge fund shed 6% of its value this year as of August 23, according to a new report from Bloomberg. 
  Dalio's Pure Alpha fund, which invests in macroeconomic trends, took significant losses from bearish bets on global interest rates. 
  While Dalio's funds are struggling, other macro managers are capitalizing on investment opportunities sprouting from geopolitical uncertainties.Visit the Markets Insider homepage for more stories. 
  One of Ray Dalio's main hedge fu
  
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• The market's favorite recession indicator has been wrong twice since 1950. Here's why some investors say it's flashing a false positive again.

  30-08-2019 17:00 via feedproxy.google.com
  A yield-curve inversion has preceded every US recession since 1950.But not every instance of inversion was followed by a recession.
  In fact, the popular signal — which flashes when the two-year Treasury yield tops the 10-year — has been wrong on at least two occasions since 1950.
  Some investors think the current yield curve inversion could be yet another false-positive. If the Federal Reserve keeps easing monetary conditions and a trade resolution is reached, it could un-invert. 
  
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• China's renminbi is headed for its biggest ever monthly drop — and economists warn other currencies will suffer

  30-08-2019 16:46 via feedproxy.google.com
  China's yuan (also called the renminbi) is headed for it's biggest monthly drop on record.
  A lower-valued currency makes Chinese goods cheaper to export. It's a battleground issue in the trade spat between the US and China. 
  Economists are now warning that the currency may go down even more, and the risk of contagion to emerging markets is rising. 
  Argentina, Brazil, and Turkey's currencies could all be at risk. 
  View Markets Insider's homepage for more stories.
  China's currency,
  
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• Marketing Week Top 100: Meet the judges

  30-08-2019 16:31
  The post Marketing Week Top 100: Meet the judges appeared first on Marketing Week.
  
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• Stocks are rallying after China touted that it's having 'effective communication' with the US on the trade war

  30-08-2019 16:08 via feedproxy.google.com
  Global stock markets jumped on Friday, fueled by renewed hopes for a deal to end the year-long trade war between the world's two largest economies.
  US and Chinese trade negotiators are maintaining "effective communication," China's Foreign Ministry said on Friday, according to Reuters.
  "Both sides remain in communication at various levels," a White House official told Markets Insider on Thursday.
  View Markets Insider's homepage for more stories.Global stock markets jumped on Friday, fueled by re
  
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• Ulta Beauty erases a quarter of its market value after an earnings miss shows demand for makeup is shrinking (ULTA)

  30-08-2019 16:05 via feedproxy.google.com
  Ulta Beauty plummeted as much as 25% in early Friday trading after the company reported worse-than-expected revenue and profit figures for its second quarter.
  The beauty retailer shifted its yearly forecast lower as well, citing a lack of "newness and innovation" in its key cosmetics business.
  CEO Mary Dillon noted an upcoming expansion with exclusive partner Kylie Jenner will bring her Kylie Skin brand to its stores later in the third quarter.
  Watch Ulta trade live here.
  Ulta Beauty fell as muc
  
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• 5 surprising calls by 'Big Short' investor Michael Burry, who just called passive investing a 'bubble'

  30-08-2019 16:03 via feedproxy.google.com
  Michael Burry, who made millions after predicting the US housing crisis of 2008, called passive investing a "bubble" in a Bloomberg interview this week.
  The boss of Scion Asset Management was portrayed by Christian Bale in the movie adaptation of Michael Lewis' book "The Big Short."
  Burry has trumpeted GameStop, water, Asian equities, and small-cap stocks as attractive investments.
  View Markets Insider's homepage for more stories.
  Michael Burry, who made millions after predicting the US housing
  
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• Trump says General Motors should 'start moving back to America again'

  30-08-2019 15:39 via feedproxy.google.com
  President Donald Trump took aim at General Motors once again early Friday, urging the American automaker to shift its production from China. 
  The broadside came days before planned escalations between the US and China, who have been mired in a trade dispute for more than a year.
  The president ordered private US companies to immediately find alternative markets to China in a flurry of tweets last week, but the command carried no legislative weight. 
  Visit Markets Insider for more storie
  
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• Tesla surges after China says it will exempt several of the company’s models from its purchase tax (TSLA)

  30-08-2019 15:15 via feedproxy.google.com
  Shares of Tesla surged more than 4% in early-morning trading on Friday after China's automotive regulator said it planned to exclude several Tesla models from a purchase tax. 
  China's Ministry of Industry and Information released the statement on Friday, and the list includes Tesla's Model 3, Model S, and Model X vehicles. 
  Tesla recently raised prices in China after the yuan began trading at its lowest level in more than decade, according to Reuters. 
  Watch Tesla trade live.Visit
  
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• Formula One champion Lewis Hamilton is investing in a plant-based meat chain that includes Beyond Meat’s burgers, and it's sending shares higher (BYND)

  30-08-2019 14:46 via feedproxy.google.com
  Lewis Hamilton, a Formula One champion, announced Thursday that he's investing in Neat Burger, a plant-based fast-food chain. 
  The chain will use Beyond Meat's burgers. Shares of Beyond Meat rose more than 2% early Friday on the news. 
  Many restaurants have partnered with Beyond Meat to add plant-based options to menus. 
  Watch Beyond Meat trade live on Markets Insider. 
  The plant-based meat trend got another big player. 
  Formula One champion Lewis Hamilton has invested i
  
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• Ray Dalio sees 'serious problems' stemming from the next recession. Here's why he warns even the Fed might be powerless to save the economy.

  30-08-2019 14:06 via feedproxy.google.com
  Ray Dalio, the founder and cochief investment officer of Bridgewater Associates, the world's largest hedge fund, says central banks' ability to reverse an economic debacle is "coming to an end."
  He outlines the possible routes the Federal Reserve could take to combat a recession, and then explains how these options will most likely be ineffective. 
  Click here for more BI Prime stories.Few things can conjure up a panic among investors quite like a recession.
  Stocks plummet, jobs disappear, s
  
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• Trade fears are making stocks wildly unpredictable. The chief of Wells Fargo's $1.9 trillion investing business told us how you should play defense in the market.

  30-08-2019 14:02 via feedproxy.google.com
  Darrell Cronk of Wells Fargo's $1.9 trillion investing business says it's time for investors to take a more careful approach to stocks and that they can do so by relying on some of the best-performing equities this year.
  Cronk said quality and yield were two themes that could help investors find safety during a tumultuous time in the market and told Business Insider where he was finding each.
  He is also staying away from some of the least loved parts of the market: emerging-markets stocks, small
  
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• Facebook, Asda, Costa: 5 things that mattered this week and why

  30-08-2019 13:43
  Facebook tries to repair trust with privacy campaign
  Facebook has launched a privacy campaign, the latest step in its bid to improve transparency and rebuild trust following the Cambridge Analytica scandal.
  The ‘Privacy is Personal’ campaign is designed to raise awareness of the privacy features the social media giant offers, including ad preferences, by highlighting how each individual user has their own ‘privacy settings’ and preferences depending on their environment.
  
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• High time: How brands can capitalise on the CBD explosion

  30-08-2019 08:00
  It is fair to say cannabinoid (CBD) is gripping the UK. From beauty masks to coffee, the seven-leafed symbol is popping up more than ever before, spanning sectors and target audiences.
  The number of CBD consumers shot from 125,000 in 2017 to 250,000 in 2018, according to the Cannabis Trades Association UK. While a separate study by the Centre for Medicinal Cannabis (CMC) estimates there are 1.3 million regular users of CBD in the UK, with 6 million people having tried it in the last year. Furth
  
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• Western luxury brands suffer Chinese backlash

  30-08-2019 01:22 via warc.com
  Luxury brands Coach, Givenchy and Versace recently got themselves in hot water after misreading China’s strict rules about the portrayal of its territories, and now new research has revealed the extent of the consumer backlash.
  
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• US consumers worry about the impact of tariffs

  30-08-2019 01:22 via warc.com
  Retailers in the US are being urged to adopt dynamic and responsive pricing, which could include managing margins at points of sale in real time, to offset the impact of extra tariffs on Chinese imports, which come into force as soon as this Sunday.
  
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• UK regulator issues fresh warning to ad tech players

  30-08-2019 01:22 via warc.com
  Two months after the UK’s Information Commissioner’s Office (ICO) published a hard-hitting report about the adtech industry’s misuse of personal data, the watchdog has revealed that “nothing” has been resolved at this...
  
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• How shoppers make choices on e-marketplaces

  30-08-2019 01:22 via warc.com
  The display price of goods and the number of reviews a seller has received can together shape buying decisions on e-marketplaces where shoppers choose between different vendors, according to a paper in the Journal of Advertising Research (JAR).
  
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• How OOH is adapting to new location data thinking

  30-08-2019 01:22 via warc.com
  In the Australian market there has been rising interest in the potential of location data to enhance OOH executions, according to the marketing technology firm Blis.
  
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• Diageo extols the role of agencies

  30-08-2019 01:22 via warc.com
  Since bringing its programmatic and social buying in-house in North America, Diageo, the British alcoholic drinks giant, has concluded that the move boosted productivity while delivering more control and returns, according to a senior company...
  
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• Marketers should prepare for ‘unsettled’ consumer confidence as concerns over Brexit rise

  30-08-2019 01:01
  Consumer confidence declined in August following a short-lived summer boost, with all five measures deteriorating this month, according to GfK’s consumer confidence index.
  The overall index scored dropped three points from July to -14, which is seven points below the -7 experienced in August last year.
  “The twists and turns of the Brexit debate continue to suppress consumer confidence. All measures are down this month and the overall index score of -14 takes us back to where we were
  
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