Sales & Marketing news

• Under Armour short-sellers made $130 million in a single day on the company's new accounting probe — and it erased their losses for the year (UAA)

  04-11-2019 22:37 via feedproxy.google.com
  Traders betting against Under Armour Class A shares wiped out their losses for the year on Monday after the company's stock plunged following the announcement of a two-year accounting probe. 
  According to data from financial analytics provider S3 Partners, Under Armour short-sellers made $130 million in mark-to-market paper gains on Monday after shares fell more than 17%. 
  With close to $820 million in short interest, Under Armour is the second most shorted stock in the Apparel, Access
  
  Read more

• Uber losses keep growing as the ride-hailing giant scrambles to get its finances in order (UBER)

  04-11-2019 22:19 via feedproxy.google.com
  Uber reported its third-quarter earnings on Monday, which topped Wall Street's revenue estimates. 
  However, the ride-hailing giant lost more money on a per-share basis than analysts expected. 
  Shares sank by as much as 6% to $29.21 in after-hours trading following the report.
  Last week, Lyft topped Wall Street expectations with its earnings report.
  Visit Business Insider's homepage for more stories.Uber on Monday reported mixed third-quarter financials that sent the stock sinking after
  
  Read more

• Billionaire Leon Cooperman warns Elizabeth Warren is 'taking the country down a very wrong path'

  04-11-2019 21:50 via feedproxy.google.com
  Billionaire Leon Cooperman called out Democratic presidential candidate Elizabeth Warren's wealth tax proposal on CNBC Monday, calling the policy a "bankrupt concept."
  The famous investor also said Warren is "taking the country down a very wrong path" by vilifying rich people.Cooperman sent a five-page letter to Warren last week addressing the escalating spat between the two over the senator's policy positions. 
  Visit the Business Insider homepage for more stories.
  Billionaire Leon Cooperma
  
  Read more

• The quickest way to spot a recession, according to new research by a Federal Reserve economist

  04-11-2019 21:48 via feedproxy.google.com
  It often take months to years to officially declare a recession. 
  In a recent paper, a Federal Reserve economist proposed a way to spot and address a recession more rapidly.
  A more timely indicator and an automatic mechanism to respond to it could insulate the economy from some of the consequences of a slowdown.
  Visit Business Insider's homepage for more stories.
  The financial crisis began in late 2007, but it wasn't until nearly a year later that top economists officially declared a recess
  
  Read more

• Advertisement

• Undoing Obamacare would lead to huge tax cuts for the wealthiest Americans, study says

  04-11-2019 21:32 via feedproxy.google.com
  The wealthiest Americans stand to receive billions in tax cuts if the Affordable Care Act is struck down in court, according to a new study released Monday from the Center on Budget and Policy Priorities, a progressive think tank.
  The research found that if a Trump administration-backed federal lawsuit is successful in overturning the healthcare law, the richest taxpayers would reap substantial benefits as it would eliminate several taxes implemented to pay for the law's expansion of Medicaid in
  
  Read more

• Morgan Stanley warns that returns for traditional portfolios will slide near 100-year lows over the next decade

  04-11-2019 19:44 via feedproxy.google.com
  Morgan Stanley is cautioning investors that returns on a traditional investment portfolio made up of 60% stocks and 40% bonds could slide to century lows over the next decade. 
  The firm expects the annual return on a traditional 60/40 portfolio to fall to 2.8% over the next decade. 
  A combination of low growth, tempered inflation expectations, and falling yields could hamper upside, according to Morgan Stanley analysts. 
  Visit the Business Insider homepage for more stories.
  Morgan
  
  Read more

• Dow soars to record high on trade optimism, joining other major US indexes

  04-11-2019 19:27 via feedproxy.google.com
  The Dow Jones industrial average joined major US stock indexes at record highs Monday, climbing on positive trade-deal hopes.
  The US and China are "making good progress" on a partial trade deal, US commerce secretary Wilbur Ross told Bloomberg Sunday.
  The S&P 500 and Nasdaq Composite posted record highs on Friday after a better-than-expected jobs report drove stocks higher. The healthy payroll gains cooled worries of US economic slowdown.
  Visit the Business Insider homepage for more stories.
  
  Read more

• Robert Shiller's 'Irrational Exuberance' predicted the housing and dot-com crises. He told us why another book he recently read makes a 'decisive case' for the next one.

  04-11-2019 19:13 via feedproxy.google.com
  Robert Shiller's "Irrational Exuberance" is a seminal book that forewarned investors about the dot-com bust and housing crisis.
  In an exclusive interview with Business Insider, Shiller highlighted a more recent book that addresses lingering misconceptions about the 2008 crisis and informs investors about how the next one is shaping up.
  Click here for more BI Prime stories.Robert Shiller's "Irrational Exuberance" is one of the most important finance books that explain how bubbles develop.
  The Yal
  
  Read more

• Advertisement

• BANK OF AMERICA: Here are the 3 main takeaways from earnings season now that the majority of companies have reported

  04-11-2019 19:00 via feedproxy.google.com
  At the start of November, 81% of S&P 500 companies have reported quarterly earnings.
  So far, earnings per share have exceeded analyst expectations and resulted in bigger-than-usual market reactions, according to a Monday note from Bank of America Merrill Lynch.
  Companies are giving mixed signals about what to expect in the fourth quarter and full-year 2020, the analysts wrote.Here are Bank of America Merrill Lynch's three main takeaways from earnings season so far.
  Read more on Business Insi
  
  Read more

• Lovehoney looks to bring buzz to the high street with first pop-up shop

  04-11-2019 18:26
  The adult brand is hitting the high street for the first time to see how the online experience translates physically and what it can learn from customers.
  The post Lovehoney looks to bring buzz to the high street with first pop-up shop appeared first on Marketing Week.
  
  Read more

• Facebook wants you to know it owns Instagram and WhatsApp, so it's changing its corporate logo to make that clear (FB)

  04-11-2019 18:16 via feedproxy.google.com
  As of Monday, Facebook has a new logo.
  Notably, the new logo won't replace the existing logo for the social-media service named Facebook — it's for the corporate parent of Instagram, WhatsApp, and Facebook.
  "People should know which companies make the products they use," Chief Marketing Officer Antonio Lucio said in the announcement, adding, "We're introducing a new company logo and further distinguishing the Facebook company from the Facebook app, which will keep its own branding."
  Visit
  
  Read more

• A regional Fed chief offered the latest hint at when the central bank might resume rate hikes

  04-11-2019 17:53 via feedproxy.google.com
  The Federal Reserve should wait until inflation hits its 2% target to issue a rate hike, Minneapolis Fed president Neel Kashkari told CNBC Monday.
  The statement comes five days after the Fed issued its third rate cut of the year and hinted at a pause to further adjustments.
  The central bank should announce it won't hike rates until reaching 2% inflation, as such guidance can help boost inflation closer to its target level, Kashkari said.
  Visit the Business Insider homepage for more stories.
  The
  
  Read more

• Trump is repeating his 2018 midterm strategy by floating another tax cut. But it didn't even work the first time.

  04-11-2019 17:49 via feedproxy.google.com
  The Trump administration is floating another round of tax cuts to juice the economy and bolster his economic message ahead of the 2020 election, the Washington Post reported last week.
  But there's a problem with that: President Trump tried doing the same thing during the 2018 midterm elections and it flat-out didn't work.
  It highlights a difficult reality for the GOP after they pushed through the tax cuts in late 2017, which permanently rolled back tax rates for corporations from 35% to 21%, and
  
  Read more

• McDonald's CEO will get at least $675,000 in severance pay after being fired for having a relationship with an employee

  04-11-2019 17:48 via feedproxy.google.com
  McDonald's former CEO Steve Easterbrook is set to receive at least $675,000 in severance pay after being fired for having a consensual relationship with an employee. 
  Easterbrook will continue to be eligible for benefits, bringing his total severance plan package to $702,255. He could earn a prorated bonus in the future. 
  Easterbrook earned $15.9 million in his role as McDonald's CEO in 2018. 
  A representative for McDonald's did not immediately return Business Insider's request fo
  
  Read more

• Here's what 5 Wall Street firms are saying about the shocking departure of McDonald's CEO — and what it means for the company's future

  04-11-2019 17:44 via feedproxy.google.com
  The ouster of McDonald's CEO Steve Easterbrook is sparking mixed reactions on Wall Street. 
  Some analysts are standing by the fast-food giant and its remaining management team, but others fear the change will leave investors with greater uncertainty about the stock's upside. 
  Here's what five analysts are saying about Easterbrook's shocking departure — and what it means for the future of the company. 
  Visit the Business Insider homepage for more stories.McDonald's CEO Steve
  
  Read more

• We just got the latest sign of a downturn in US manufacturing — the opposite of what Trump's trade wars were supposed to accomplish

  04-11-2019 17:24 via feedproxy.google.com
  New orders for American-made products and equipment investment slumped more than expected in September.
  US manufacturing slipped into a recession this year as a trade dispute between the Trump administration and China piled onto pressure in the sector.
  The manufacturing sector accounts for 11% of gross domestic product but is deeply intertwined with broader parts of the economy.
  Visit Business Insider's homepage for more stories.
  New orders for American-made products and equipment investment slu
  
  Read more

• US stocks are at record highs, but Goldman says they're still the top asset for investors to own

  04-11-2019 16:14 via feedproxy.google.com
  Goldman Sachs continues to recommend US equities to high-wealth clients despite stocks' record-high prices, managing director Silvia Ardagna told Bloomberg.
  Major US stock indexes reached record highs Friday, driven by positive trade-deal sentiment and a better-than-expected jobs report.
  Many investors have been rotating out of equities in recent months, but the rally in US stocks "can clearly extend" if economic data remains strong, Ardagna said.
  Visit the Business Insider homepage for more sto
  
  Read more

• Uber is under pressure to turn around its 'horror show' after Lyft had a stellar quarter (UBER, LYFT)

  04-11-2019 16:09 via feedproxy.google.com
  Uber was set to report earnings on Monday after Lyft set a high bar last week.
  While Uber continues to invest heavily in areas like self-driving cars and flying taxis, Lyft cut costs with its singular (and US-only) ride-hailing focus.
  To make things worse for Uber, new data shows Lyft may be gaining on it in the US.
  "Since going public, Uber has been a horror show," one Wall Street analyst said of the stock's 25% decline. Lyft is still down by even more, at 45%.
  Click here for more BI Prime stor
  
  Read more

• Under Armour tanks 16% after reporting a 2-year probe into its accounting and lowering its sales forecast

  04-11-2019 15:47 via feedproxy.google.com
  Under Armour's shares plummeted on Monday after the company said that it has been investigated by federal authorities over its accounting practices.
  The company also lowered its full-year sales forecast.
  The sportswear company saw shares drop 16% in early trading.
  The company said last month that CEO Kevin Plank will step down on January 1. 
  View Business Insider's homepage for more stories.
  Under Armour's shares are tanking after saying officials had been investigating its accounting pract
  
  Read more

• McDonald's loses $4 billion in value after CEO fired over relationship with subordinate (MCD)

  04-11-2019 15:44 via feedproxy.google.com
  McDonald's on Sunday announced it had fired its CEO, Steve Easterbrook, for violating company policy by having a relationship with an employee.
  McDonald's shares sank as much as 3% on Monday, wiping $4 billion from the company's market capitalization at intraday lows.
  Since Easterbrook took the helm in 2015, the McDonald's share price has more than doubled.
  Watch McDonald's trade live here.
  View Business Insider's homepage for more stories.
  McDonald's lost $4 billion in value early Monday mornin
  
  Read more

• Christmas ad spend, consumer confidence, ‘dishonest’ social posts: 5 killer stats to start your week

  04-11-2019 15:19
  We arm you with all the stats you need to prepare for the coming week and help you understand the big industry trends.
  The post Christmas ad spend, consumer confidence, ‘dishonest’ social posts: 5 killer stats to start your week appeared first on Marketing Week.
  
  Read more

• How brands are using digital innovation in customer service

  04-11-2019 13:40
  There are a myriad of ways for brands to use digital innovation for customer service but the best are taking an omnichannel approach to ensure they delight, rather than annoy, customers.
  The post How brands are using digital innovation in customer service appeared first on Marketing Week.
  
  Read more

• Festival of Marketing 2019: Highlights from all our partners’ sessions

  04-11-2019 13:10
  Marketing Week presents coverage of its partners' content sessions at Festival of Marketing 2019, featuring the industry's most progressive companies.
  The post Festival of Marketing 2019: Highlights from all our partners’ sessions appeared first on Marketing Week.
  
  Read more

• Unilever, Ryanair, Lavazza: Everything that matters this morning

  04-11-2019 09:06
  Good morning and welcome to Marketing Week’s round-up of the news that matters in the marketing world today.
  The post Unilever, Ryanair, Lavazza: Everything that matters this morning appeared first on Marketing Week.
  
  Read more

• P&G, Uber, Mothercare: Everything that matters this morning

  04-11-2019 09:06
  Good morning and welcome to Marketing Week’s round-up of the news that matters in the marketing world today.
  The post P&G, Uber, Mothercare: Everything that matters this morning appeared first on Marketing Week.
  
  Read more

• M&S, YouTube, Ford: Everything that matters this morning

  04-11-2019 09:06
  Good morning and welcome to Marketing Week’s round-up of the news that matters in the marketing world today.
  The post M&S, YouTube, Ford: Everything that matters this morning appeared first on Marketing Week.
  
  Read more

• Gap, Unilever, BT Sport: Everything that matters this morning

  04-11-2019 09:06
  
  Good morning and welcome to Marketing Week’s round-up of the news that matters in the marketing world today.
  The post Gap, Unilever, BT Sport: Everything that matters this morning appeared first on Marketing Week.
  
  Read more

• Channel 4, Sainsbury’s, Airbnb: Everything that matters this morning

  04-11-2019 09:06
  Good morning and welcome to Marketing Week’s round-up of the news that matters in the marketing world today.
  The post Channel 4, Sainsbury’s, Airbnb: Everything that matters this morning appeared first on Marketing Week.
  
  Read more

• McDonald’s CEO Steve Easterbrook fired after dating employee

  04-11-2019 08:54
  Easterbook has been forced to step down after a consensual relationship with an employee, which violates company policy, and will be replaced by Chris Kempczinski, the president of McDonald's USA and a marketer.
  The post McDonald’s CEO Steve Easterbrook fired after dating employee appeared first on Marketing Week.
  
  Read more

• TikTok continues to grow, but new challenges await

  04-11-2019 08:00
  The social media platform of choice for Gen Z, TikTok offers an array of possibilities for access and engagement, but as it matures growing pains could be on the horizon.
  The post TikTok continues to grow, but new challenges await appeared first on Marketing Week.
  
  Read more

• Why more brands need to collaborate

  04-11-2019 01:00 via warc.com
  Collaboration is a potentially powerful strategy to enable marketing to scale its impact but few brands use it, saysAdam Morgan of eatbigfish; he has a framework to help change that.
  
  Read more

• Liquor brands hit dry spell in India

  04-11-2019 01:00 via warc.com
  Liquidity issues and high taxes amidst a general economic slowdown has hit liquor brands operating in the world’s third largest market for alcoholic beverages.
  
  Read more

• Brands step up war on plastic

  04-11-2019 01:00 via warc.com
  Big FMCG companies are exploring the use of refills in new categories at the same time as supermarkets are looking to reduce the use of plastic from the products they stock.
  
  Read more

• Ben & Jerry’s looks to employees for purpose inspiration

  04-11-2019 01:00 via warc.com
  Ben & Jerry’s, the ice cream brand owned by Unilever, often looks to its employees as it identifies the social issues that are fundamental to its mission.
  
  Read more

Follow @sales_mrktinguk on Twitter!