Sales & Marketing news

• Amazon's Prime Video app disappeared from the Apple App Store for several hours

  04-10-2019 22:55 via feedproxy.google.com
  Prime Video, Amazon's streaming app, disappeared from the App Store on Apple devices for several hours on Friday.
  Users on Twitter reported the missing app. The app was back later on Friday.
  It wasn't immediately clear what happened, though a media report ascribed it to a bug.
  Visit Business Insider's homepage for more stories.On Friday, some owners of Apple devices tweeted that they could no longer access Prime Video in Apple's app store. Prime Video is Amazon's video streaming services. Tweet
  
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• Here are the 12 banks who advised on the most M&A activity in the 3rd quarter

  04-10-2019 22:40 via feedproxy.google.com
  There have been several mergers and acquisitions in 2019 that are set to reshape the dynamic of industries such as defense, pharmaceuticals, and energy. 
  Mergermarket — an editorial and analytics firm that tracks M&A activity — published its third quarter report highlighting the biggest deals and the banks behind them.Here are the 12 banks who advised the most M&A activity in the third quarter of 2019. 
  Visit the Business Insider homepage for more stories.
  Massive m
  
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• The Fed says it will continue overnight repos of at least $75 billion through November 4

  04-10-2019 22:31 via feedproxy.google.com
  The Federal Reserve announced Friday that it will extend overnight repos of at least $75 billion through November 4. 
  The bank's previous plans to calm rates in money markets only extended through Oct. 10. 
  Since short-term rates shot up as high as 10% in September, the Fed has injected hundreds of billions of dollars into money markets. 
  Read more on Business Insider.
  The Federal Reserve will continue its practice of injecting money into financial markets through November 4 to he
  
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• Facebook’s cryptocurrency push takes a big hit as PayPal cuts ties with Libra (FB, PYPL)

  04-10-2019 22:16 via feedproxy.google.com
  PayPal is dropping its association with Facebook's Libra cryptocurrency, Bloomberg first reported on Friday.
  The withdrawal is a huge hit to Facebook's push to establish its own cryptocurrency.
  The social media giant announced a partnership with more than two dozen other companies to found Libra, but multiple backers are reportedly reconsidering their involvement.
  Visit Business Insider's homepage for more stories.PayPal announced on Friday that it will no longer be part of Facebook's Libra cryp
  
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• Jerome Powell held calls with the CEOs of JPMorgan and Citigroup the day after the Fed cut rates for the first time since 2008

  04-10-2019 21:17 via feedproxy.google.com
  Federal Reserve Chairman Jerome Powell held phone calls with top Wall Street executives at the start of August.
  That came a day after the central bank cut interest rates for the first time since the global financial crisis. 
  Powell spoke with JPMorgan's Jamie Dimon for seven minutes and Citigroup's Michael Corbat for 15 minutes on the morning of August 1, according to his public schedule. 
  Visit Business Insider's homepage for more stories.
  Federal Reserve Chairman Jerome Powell held p
  
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• 'Moving fast and breaking things in peoples' mouths': A research firm said SmileDirectClub has 85% downside just weeks after it notched the worst US IPO in 12 years (SDC)

  04-10-2019 20:38 via feedproxy.google.com
  Hindenburg Research on Friday released a report on SmileDirectClub detailing the company's issues and reasons the firm decided to short the stock.
  The report details financial, regulatory, and competitive reasons why Hindenburg sees SmileDirectClub stock falling 85% below current levels.
  In September, SmileDirectClub's posted the worst first-day performance since 2007 for a US initial public offering over $1 billion, according to Bloomberg data.
  Watch SmileDirectClub trade live on Markets I
  
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• Legendary economist David Rosenberg says the latest US jobs report failed a crucial test — and warns recession is 'right around the corner'

  04-10-2019 19:35 via feedproxy.google.com
  David Rosenberg, the chief economist and strategist at Gluskin Sheff, said the latest jobs report showed a recession is coming very soon.
  Both the truck-transportation and durable-goods-manufacturing sectors lost jobs in September, even as the economy added jobs overall.
  Rosenberg said that weakness was going to spread and bring down the ongoing decade-long economic expansion.
  His view on the jobs report is influenced by Dow theory, a technical indicator that says industrial and transportation s
  
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• We just got the latest sign the US is losing manufacturing jobs — the opposite of what Trump's trade wars were supposed to accomplish

  04-10-2019 18:32 via feedproxy.google.com
  The US unemployment rate fell to its lowest level in half a century in September as the economy created jobs for a record 108th straight month.
  But in the manufacturing sector, employers eliminated jobs.
  While President Donald Trump has pledged to revive factory jobs in the US, that pocket of the economy dipped deeper into a recession last month.
  Visit Business Insider's homepage for more stories.
  The US unemployment rate fell to its lowest level in half a century in September as the economy cre
  
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• Here's how every new IPO bigger than $1 billion has performed in 2019

  04-10-2019 18:05 via feedproxy.google.com
  Several of 2019's largest initial public offerings are badly trailing the broader stock market as investors start to shy away from high-risk companies.
  Eight IPOs have raised more than $1 billion this year, but it looks like the parade into markets could be slowing down as some newly public companies struggle to stay above their offer prices.
  Here's how every IPO larger than $1 billion has performed so far in 2019. 
  The IPO market has had a bumpy few weeks. 
  Over the last month, two bi
  
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• Snap climbs after Morgan Stanley issues three-pronged praise in stock upgrade (SNAP)

  04-10-2019 17:52 via feedproxy.google.com
  Snap traded as much as 5.9% higher early Friday after Morgan Stanley upgraded the company and praised three elements of its business.
  The Snapchat-parent's improved ad revenue, operating efficiencies, and profitability outlook prompted the bank's analysts to bump their price target to $17 per share from $14 and upgrade the stock to "equal-weight" from "underweight."
  Continued investment in partnerships, original content and daily active user growth would make the firm more positive on Snap stock
  
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• HP plummets on announcement of $1 billion reorganization plan that includes cutting 16% of its global workforce (HPQ)

  04-10-2019 17:43 via feedproxy.google.com
  HP announced a massive restructuring plan that will cost $1 billion and slash as many as 9,000 jobs by the end of fiscal 2022 on Thursday. 
  Shares fell as much as 11% on the news. 
  The announcement comes amidst a shuffle at the top of the company. Its current CEO will step down November 1 and be succeeded by a longtime HP executive. 
  Watch HP trade live on Markets Insider.
  HP just announced a massive restructuring plan that will include thousands of job cuts. 
  Shares of the p
  
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• A self-taught hedge fund manager who’s returned 19%-plus annually to investors since 2012 shares the 3 books that 'put it all together' for him

  04-10-2019 17:17 via feedproxy.google.com
  Steven Kiel — the self-made founder and portfolio manager at Arquitos Capital — says a few classic investing books helped shape his value-focused, hyper-concentrated philosophy.
  Since Arquitos' inception in 2012, Kiel has been trouncing the overall market by over 6% annually.
  He also explains how the sequential order in which an investor reads is just as important as the material.
  Click here for more BI Prime stories.Steven Kiel, founder and portfolio manager at Arquitos Capital, too
  
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• 'On some level, no one deserves to have that much money,' billionaire Facebook CEO Mark Zuckerberg said in response to Bernie Sanders saying billionaires shouldn't exist (FB)

  04-10-2019 16:59 via feedproxy.google.com
  In a rare move toward transparency, Facebook livestreamed its employee Q&A session on Thursday evening.
  It covered a wide range of topics, but one particularly interesting question concerned Sen. Bernie Sanders' recent statement that "I don't think that billionaires should exist."
  Zuckerberg, a billionaire, partially agreed with Sanders. "On some level, no one deserves to have that much money," he said. "I think if you do something that's good, you get rewarded. But I do think some of the we
  
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• Apple climbs on report iPhone 11 production could increase by 8 million units (AAPL)

  04-10-2019 16:59 via feedproxy.google.com
  Shares of Apple traded as much as 2.3% higher on Friday morning on a report the company is planning to increase iPhone 11 production. 
  The Nikkei Asian Review reported that Apple told suppliers to increase production by up to 10%, or 8 million units, amid better-than-expected demand for the iPhone 11. 
  According to Wedbush analyst Daniel Ives, the Chinese market could be one of the main drivers of the increased demand. 
  Watch Apple trade live on Markets Insider.
  Apple's stock pric
  
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• Here's why one Wall Street firm thinks Etsy will be able to keep Amazon off its turf (ETSY)

  04-10-2019 16:48 via feedproxy.google.com
  Nomura Instinet initiative coverage of Etsy Thursday with a buy rating and a price target of $70.
  Shares gained 3.5% on the news Thursday before climbing another 4% on Friday.
  Etsy is well positioned to maintain its lead in the vintage and crafted good space, even against Amazon Handmade, Nomura said. 
  The analysts outlined three reasons for their bullish rating and price target. 
  Watch Etsy trade live on Markets Insider.
  Etsy, the online marketplace for crafted and vintage goods, has
  
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• Stocks are surging after a mixed jobs report shows tepid growth in jobs and wages, but unemployment down to a 50-year low

  04-10-2019 16:44 via feedproxy.google.com
  US and European stocks jumped on Friday after a mixed  jobs report eased market nerves.
  The US economy added 136,000 nonfarm jobs in September — below the Bloomberg consensus forecast of 145,000 — and average hourly wages climbed 2.9%, their smallest rise in more than a year.
  In contrast, unemployment dropped from 3.7% to 3.5%, a 50-year low.
  "This report doesn't really shift the needle too much — not so hot to force a rethink on cuts, but not a disaster that could ramp ex
  
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• 'The emperor has no clothes': Billionaire debt investor Howard Marks slammed WeWork's business model and valuation

  04-10-2019 16:41 via feedproxy.google.com
  The billionaire investor Howard Marks attacked WeWork, describing it as an overpriced sham, after the shared-workspace group shelved its plans to go public last month.
  "All you needed was for Hans Christian Andersen's little kid to step out of the crowd and say, 'The emperor has no clothes,' and then it falls apart," the Oaktree Capital Management boss said.
  Marks said it was "encouraging" that public investors rejected WeWork's private valuation of $47 billion, spurring the company to overhaul
  
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• A hedge fund has reportedly cut Juul's valuation by more than a third as vaping scrutiny heats up

  04-10-2019 16:19 via feedproxy.google.com
  Hedge fund Darsana Capital Partners has reportedly cut the valuation of e-cigarette maker Juul Labs by more than a third. 
  The firm now values Juul at $24 billion, down from its peak valuation of $38 billion, according to a report from the Wall Street Journal. 
  Juul's business has come under increased scrutiny in recent months as the reported number of vaping-related illnesses and deaths continues to rise. 
  Visit the Business Insider homepage for more stories.
  The federal crackdow
  
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• Apple CEO Tim Cook just took a not-so-subtle shot at Facebook's decision to create a cryptocurrency, saying companies 'shouldn't be looking to gain power this way' (AAPL, FB)

  04-10-2019 16:13 via feedproxy.google.com
  Apple does not plan to create a cryptocurrency any time soon, CEO Tim Cook said.
  Facebook has announced plans to release a cryptocurrency in June 2020.
  Cook, taking a not-so-subtle shot at Facebook, said he thinks making a cryptocurrency is an inappropriate way for a private company to gain power.
  Visit Business Insider's homepage for more stories.Tim Cook took a not-so-subtle shot at Facebook in an interview published Thursday.
  Cook said Apple will not launch a cryptocurrency to compete with ot
  
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• Churchill gets a CGI makeover as brand looks to get its edge back

  04-10-2019 16:05
  Churchill is relaunching its brand with a new look and feel, and a campaign that aims to modernise perceptions and help it stand out in a crowded insurance market where price has come to dominate.
  A new campaign, created by agency Engine, invites people to ‘Chur-Chill’. Its nodding brand mascot, Churchie, has been given a CGI makeover in order to make him fresher and more relevant to a modern audience.
  In a TV ad he is seen riding a skateboard down a street in a spot meant to evoke
  
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• John Lewis, Tesco, Nectar: 5 things that mattered this week and why

  04-10-2019 14:56
  John Lewis and Waitrose merge to become the ‘Future Partnership’
  John Lewis and Waitrose is merging its operations from February 2020 to become a single business under a new strategy to be known as the ‘Future Partnership’.
  It is all part of their parent company the John Lewis Partnership’s (JLP) strategy to bring the two brands closer together and accelerate its plans to differentiate amid ever-challenging retail conditions.
  This involves cutting 75 of its 225 top
  
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• Search drives brand discovery across most of APAC

  04-10-2019 02:00 via warc.com
  Search remains the most popular way of discovering new brands throughout the majority of APAC, with China being the major exception to this, according to a new report from Rakuten Marketing.
  
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• How digital is changing the luxury ecosystem

  04-10-2019 02:00 via warc.com
  As luxury consumers become younger, digital is increasingly permeating luxury transactions, reframing expectations of the physical retail experience and modifying luxury’s path to purchase.
  
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• How Amazon could transform TV ads

  04-10-2019 02:00 via warc.com
  Amazon, the e-commerce giant, has the potential to “fulfill a promise that traditional television never could” if it decides to ramp up its video advertising endeavours, according to a paper in the Journal of Advertising Research (JAR).
  
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• Facebook’s app is no longer seen as indispensable

  04-10-2019 02:00 via warc.com
  Facebook’s reputation as the go-to, most important mobile app has witnessed a marked decline in the US, the UK and five north European markets over the past couple of years, according to new research.
  
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• Connected TV is key to reaching GenZennial voters

  04-10-2019 02:00 via warc.com
  As Democratic candidates battle it out in the primaries ahead of the 2020 presidential election that is expected to see a record amount spent on political advertising, a recent study has revealed how to reach crucial “GenZennial” voters.
  
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• Asian telcos try to tackle video-streaming piracy

  04-10-2019 02:00 via warc.com
  Video-streaming has brought many benefits, not least choice and the growing amount of original content, but piracy remains a major problem, which is why a group of telcos and other industry players have joined forces to tackle the issue.
  
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