Sales & Marketing news

• GrubHub short-sellers made $504 million Tuesday when shares fell 42% (GRUB)

  29-10-2019 21:37 via feedproxy.google.com
  GrubHub short-sellers made $504 million when shares of the company fell 42% Tuesday following lackluster third-quarter earnings, data from financial-analytics provider S3 Partners shows.
  Wall Street has grown increasingly bearish on the stock over the last month, and at the same time, shorts have boosted exposure to GrubHub, S3 said. 
  "It would not be a surprise if GRUB shares shorted hit a new high by year-end," said Ihor Dusaniwsky from S3. 
  Watch GrubHub trade live on Markets Inside
  
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• US Treasury Secretary Mnuchin is reportedly open to relaxing bank regulations born from the 2008 financial crisis

  29-10-2019 20:56 via feedproxy.google.com
  US Treasury Secretary Steven Mnuchin is open to loosening laws that require banks to create emergency reserves for liquidity crises, Bloomberg reported Tuesday.
  Mnuchin said he spoke with JPMorgan CEO Jamie Dimon and other banks about a September lending rate spike and how to avoid similar issues.
  Dimon recently said JPMorgan would have intervened in September's liquidity crisis had laws been looser. The spike prompted the Federal Reserve to begin capital injections for the first time since the
  
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• Bernie Sanders says he doesn't intend to release a funding plan for Medicare for All any time soon

  29-10-2019 20:51 via feedproxy.google.com
  Sen. Bernie Sanders said in a Tuesday interview with CNBC that he doesn't intend to release a plan soon specifying how he'll pay for Medicare for All, the signature proposal for universal healthcare powering his progressive campaign.
  Though the Democratic candidate expressed confidence "every nickel" would ultimately be paid for, he says he doesn't believe its a priority for him at the moment.
  "You're asking me to come up with an exact detailed plan of how every American — how much you're
  
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• Here’s what’s in the first stage of the partial US-China trade agreement

  29-10-2019 20:05 via feedproxy.google.com
  The US and China are closing in on the first phase of an agreement to defuse a more than yearlong tariff dispute.
  A truce reached this month stalled planned tariff escalations, but there have been few details about how core issues would be resolved.
  Here's what we know so far. 
  Visit Business Insider's homepage for more stories.The US and China are closing in on the first phase of an agreement to defuse a more than yearlong tariff dispute, according to trade officials. A truce reached this
  
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• Here's why one analyst thinks YouTube could be worth $300 billion as a standalone company, making it more valuable than AT&T, Exxon Mobil, and Bank of America (GOOGL)

  29-10-2019 19:58 via feedproxy.google.com
  Alphabet-owned YouTube could be worth as much as $300 billion if it were a standalone company, according to Needham & Company analyst Laura Martin. 
  That figure would make the video-sharing platform the 15th largest company in the world by market capitalization ahead of Exxon Mobil, Bank of America, and AT&T. 
  Martin's valuation for YouTube is based on estimated 2019 revenue of $30 billion and a 10-times enterprise-value-to-revenue multiple.
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• Uber and Lyft reveal their alternative proposal to California's new gig-economy law (UBER, LYFT)

  29-10-2019 19:26 via feedproxy.google.com
  Uber and Lyft took a major hit in California last month when lawmakers passed Assembly Bill 5, which could dramatically reshape the state's gig-economy. 
  On Tuesday, a coalition of the companies, as well as drivers and other workers, unveiled a ballot proposal to take their fight to California voters. 
  The group argues that the new law will strip drivers of the flexibility they value as part of their jobs driving or couriering for the apps. California Gov. Gavin Newsom signed the bill
  
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• Career tips from the 'Warren Buffett of bonds,' day-trading insights from a former engineer, and 13 top dividend-paying stocks

  29-10-2019 19:07 via feedproxy.google.com
  Dear Readers,
  If you've been doing anything for 61 years, you've earned the right to dole out advice. Dan Fuss, the vice chairman of Loomis Sayles and longtime portfolio manager of its flagship bond fund, meets that criteria — and he offered up four pieces of career wisdom when Business Insider spoke to him.
  Some of Fuss' tips are attitude-based, and some deal with how to actually perform within a job. In the end, he's just trying to help you last as long in your chosen career as he has.
  
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• Beyond Meat just served up a reminder to investors that sometimes company performance takes a back seat to technical forces (BYND)

  29-10-2019 18:19 via feedproxy.google.com
  Beyond Meat's lockup period expired Tuesday, and the subsequent sell-off serves as the latest reminder that technical factors can overshadow promising performance.
  Lockup periods keep pre-IPO insiders from selling shares usually for months after a company's public offering.
  The plant-based-meat company beat third-quarter expectations Monday afternoon, but early investors' profit-taking dwarfed the positive report.
  Beyond Meat's stock closed at more than 320% its IPO price Monday, making a strong
  
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• A flood of Wall Street analysts slashed their price targets for Beyond Meat as its post-IPO lockup expired — and the stock plunged 24%

  29-10-2019 18:15 via feedproxy.google.com
  A rash of Wall Street analysts have lowered their price targets on Beyond Meat following the expiration of its post-initial public offering lockup period on Tuesday.
  That means roughly 48 million more shares are now available to trade. 
  Through Monday, Beyond Meat's stock had surged 322% from its IPO price. 
  The shares fell as much as 24% on Tuesday amid the expiry.
  Watch Beyond Meat trade live on Markets Insider.
  Beyond Meat's post-initial public offering lockup period expiration date
  
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• Lyft's slumping stock price cost General Motors $214 million last quarter (LYFT, GM)

  29-10-2019 17:50 via feedproxy.google.com
  General Motors' third-quarter financials were adversely affected by Lyft's struggling stock price.
  The stock's 28% rout during the three-month period cost GM $0.15 a share, or roughly $214 million.
  Despite the slump, GM's investment, originally made in 2016 for self-driving innovation, is most likely still in the green.
  Visit Business Insider's homepage for more stories.Lyft's terrible performance as a publicly traded company had a massive impact on General Motors' balance sheet in the third qua
  
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• Billionaire Paul Tudor Jones warns the stock market could tank 25% if Elizabeth Warren wins the presidency

  29-10-2019 17:14 via feedproxy.google.com
  Hedge fund billionaire Paul Tudor Jones warned that the stock market could crash 25% if Elizabeth Warren wins the upcoming presidential election, according to a report from Bloomberg. 
  Jones issued the warning while speaking at the Robin Hood Investors Conference in New York on Monday.
  The veteran investor joins a chorus of billionaires including Leon Cooperman criticizing Warren over her wealth tax proposal and predicting the stock market would fall if she's elected. 
  Visit the Busine
  
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• LVMH just offered to buy Tiffany & Co — here's a look at 17 of the most iconic brands the French luxury giant owns

  29-10-2019 17:08 via feedproxy.google.com
  Luxury conglomerate LVMH has announced interest in buying jewelry retailer Tiffany and Co. 
  As Reuters reported, the deal could be worth $14.5 billion, making it the single most expensive deal LVMH has ever made.
  LVMH's portfolio includes 75 different brands that range from wines and spirits to leather goods and cosmetics.
  If the deal goes through, Tiffany would join brands such as Christian Dior, Louis Vuitton, and Hennessy as part of LVMH's expansive portfolio.
  Visit Business Insider's ho
  
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• Harry Potter is getting dragged into the US-China trade war

  29-10-2019 16:50 via feedproxy.google.com
  Harry Potter is getting dragged into the trade war. 
  That's because its publisher, Bloomsbury Publishing, produces some of its books in China, which as of September 1 became subject to a 15% tariff from the US. 
  Nigel Newton, founder and CEO, told the Financial Times that "it may get worse before it gets better." 
  View Markets Insider's homepage for more stories.
  The trade war has been raging for months now taking a massive toll on the global economy, jobs and now even Harry Potte
  
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• A Wall Street chief strategist thinks investors are acting like a recession is already here — and explains why you should buy stocks unfairly neglected by worried traders

  29-10-2019 16:38 via feedproxy.google.com
  Jim Paulsen, the chief investment strategist at Leuthold Group, says investors are treating companies that are closely connected to the economic cycle — like banks and retailers — as if the US economy is already in the depths of a recession.
  Paulsen said the stocks made up an unusually small piece of the stock market by value, showing investors are fearful of a downturn. He thinks this is a major opportunity.
  Since a recession is depressing the value of the stocks already, Paulsen sa
  
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• China says it will take steps to open its financial industry amid talks with Trump trade team

  29-10-2019 16:19 via feedproxy.google.com
  China on Tuesday said it would take steps to ease foreign investment restrictions and technology rules.
  The comments came as the largest economies sought to finalize the first stage of a potential agreement to defuse trade tensions.
  But experts remain skeptical that the two sides will be able to reach an enforceable breakthrough on issues at the center of the conflict.
  Visit Business Insider's homepage for more stories.
  China on Tuesday said it would take steps to ease foreign investment restric
  
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• Planning, innovation and ‘giving a damn about people’: One marketer’s recipe for promotion to the C-suite

  29-10-2019 16:18
  Almost one year into her her role as CEO of Wagamama, former Unilever and Pizza Express marketer Emma Woods reflects on her biggest challenges and what marketers need to do to increase their influence.
  The post Planning, innovation and ‘giving a damn about people’: One marketer’s recipe for promotion to the C-suite appeared first on Marketing Week.
  
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• Asda dials up the emotion in first blockbuster Christmas ad

  29-10-2019 16:16
  Econometrics have played a significant role in influencing Asda's Christmas activity this year, as the supermarket looks to add another layer of emotional storytelling and align perceptions of quality with the in-store experience.
  The post Asda dials up the emotion in first blockbuster Christmas ad appeared first on Marketing Week.
  
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• Taxes on wealthy Americans and corporations alone is not enough to pay for Medicare for All

  29-10-2019 15:52 via feedproxy.google.com
  A preliminary study from a budget watchdog found that taxes on wealthy Americans and corporations alone to pay for Medicare for All would be "impossibly high."
  The Committee for a Responsible Federal Budget published research on Monday on how Medicare for All could be paid for.
  Democratic presidential candidates Sens. Bernie Sanders and Elizabeth Warren are both staunch supported of the proposal, which would roughly cost an estimated $30 trillion over the next decade.
  "There is not enough annual
  
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• A mounting 'techlash' is hurting Alphabet's profits, and one analyst says spinning off YouTube could be the answer (GOOGL)

  29-10-2019 15:46 via feedproxy.google.com
  Google parent Alphabet reported third-quarter profits that missed Wall Street estimates on Monday. Some analysts expect the tech conglomerate's earnings to suffer going forward as it continues to invest to grow its business. 
  As a mounting "techlash" and heightened regulatory scrutiny eat away at Alphabet's margins, selling off YouTube could be the answer, according to Needham & Company analyst Laura Martin. 
  Watch Alphabet trade live.
  The rebuke of big tech is starting to tak
  
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• GrubHub sees 40% of market value wiped out on dismal earnings report (GRUB)

  29-10-2019 15:11 via feedproxy.google.com
  GrubHub, the online food-delivery service, reported disappointing earnings Monday that showed slower-than-expected growth. 
  Shares fell as much as 40% in regular trading on Tuesday.
  The company attributed its performance to diner "promiscuity" and increased competition. 
  Watch GrubHub trade live on Markets Insider.
  GrubHub lost more than one-third of its market value after the company's third-quarter earnings report Monday disappointed investors and sent shares falling. 
  Shares of
  
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• Macquarie is slashing 100 equity trading jobs in London and New York this week

  29-10-2019 14:36 via feedproxy.google.com
  Australian bank Macquarie is in the process of cutting 100 jobs in its equities and trading units in New York and London, a person familiar with the situation told Business Insider. 
  The bank plans to focus on its Asia Pacific operations, and the source said that structural changes in the market pushed the changes. 
  View Business Insider's homepage for more stories. 
  Australian bank Macquarie is cutting 100 jobs in its equities and trading units in New York and London, a person fa
  
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• Marketoonist on A/B testing

  29-10-2019 11:43
  Tom Fishburne is founder of Marketoon Studios. Follow his work at marketoonist.com or on Twitter @tomfishburne See more of the Marketoonist here
  The post Marketoonist on A/B testing appeared first on Marketing Week.
  
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• Changes at the top for Nike and Under Armour spark wider shift in sportswear

  29-10-2019 08:00
  With fresh faces in the boardroom and new approaches to retail and marketing, sportswear's big hitters are readying themselves for a challenging 12 months.
  The post Changes at the top for Nike and Under Armour spark wider shift in sportswear appeared first on Marketing Week.
  
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• What Moxy can teach the wider Marriott stable

  29-10-2019 01:00 via warc.com
  Moxy, the youth-oriented hotel brand, is committed to “living its truth” and in doing so has helped owner Marriott International understand the power of position – and the power of a voice – to create meaningful differentiation in the...
  
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• WFA: For good agency relationships, budget and scope must be clear

  29-10-2019 01:00 via warc.com
  The key to productive agency work is a combination of a longer relationship, and a careful balance of scope and budget, a new report finds.
  
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• Spotify in profit but ad revenue weaker than forecast

  29-10-2019 01:00 via warc.com
  Swedish-headquartered audio streaming service, Spotify has revealed that it is making a profit, surprising Wall Street by beating expectations.
  
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• Rural Chinese internet use is growing

  29-10-2019 01:00 via warc.com
  China’s rural areas have added three million new internet users in the first half of this year, rising to 26.
  
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• Online adspend bucks Brexit gloom

  29-10-2019 01:00 via warc.com
  UK advertising expenditure during the first six months of 2019 was 5.
  
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• How Diageo overcomes unconscious bias in ads

  29-10-2019 01:00 via warc.com
  Brands have much work to do in changing how women are portrayed in ads but Diageo is addressing the issue in a systematic manner which allows brands like Royal Challenge to overcome unconscious bias.
  
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