Sales & Marketing news

• US stocks surge to another record high as S&P 500 posts longest streak of weekly gains in 2 years

  15-11-2019 22:15 via feedproxy.google.com
  All major US stock indexes closed at record highs on Friday.
  The S&P 500 posted its sixth straight weekly gain, the longest such streak since late 2017.
  The fresh highs came amid a boost in optimism for a trade deal after White House Economic Adviser Larry Kudlow said late Thursday the US and China were getting closer to reaching a resolution. 
  Tech heavy-weights Microsoft and Google-parent Alphabet both notched record highs on Friday as well. 
  Visit the Business Insider homepage f
  
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• 4 major cannabis companies reported disappointing earnings this week. Here's how each one did.

  15-11-2019 22:11 via feedproxy.google.com
  Canopy Growth, Aurora Cannabis, Cronos Group, and Tilray all reported quarterly earnings this week. 
  All reports fell short of analyst expectations and sent shares falling amid a difficult year for the cannabis industry. 
  Here's how each company did, and how much the stock was affected. 
  Read more on Business Insider. 
  It was a rough week for cannabis companies. Four of the biggest businesses in the game — Canopy Growth, Aurora Cannabis, Cronos Group, and Tilray —
  
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• Uber's co-founders are starting to cash out of the ride-hailing giant. Here's the pitch deck they created back in 2008, way before it was a $45 billion ride-hailing giant. (UBER)

  15-11-2019 21:45 via feedproxy.google.com
  
  Uber, now a decade old, went public back in May on the New York Stock exchange, but has disappointed investors in the five months since. 
  Co-founders Travis Kalanick and Garrett Camp began cashing out hundreds of millions of dollars worth of stock this month as the company's lockup period expired. 
  The cash outs provide a perfect opportunity to revisit "UberCab"'s original pitch to investors more than 10 years ago. 
  Visit Business Insider's homepage for more stories.Uber founder G
  
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• Trump isn’t ready to sign China deal, White House advisers say

  15-11-2019 20:57 via feedproxy.google.com
  President Donald Trump and his advisers say they aren't yet ready to finalize the terms of a trade agreement with China. 
  The terms announced in mid-October have not yet been put to paper. On December 15, tariffs are scheduled to be expanded to far more products.
  The two sides have clashed over whether tariff rollbacks should be included in the first stage of the interim agreement, as well as over rules about the forced transfer of foreign technology. 
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• The 40-day GM strike cost the automaker nearly $3 billion — and BAML says Fiat Chrysler is most at risk of a future walkout

  15-11-2019 20:43 via feedproxy.google.com
  The United Auto Workers union is using its improved contract with General Motors to boost conditions with other automakers, and Bank of America Merrill Lynch analysts said Fiat Chrysler faces the greatest risk of a prolonged strike.
  Of FCA's UAW workforce, 59% are in-progression employees and 13% are temporary workers. Both groups of employees gained several contract improvements following a 40-day strike with GM.
  A strike with FCA would "materially increase costs" and could "shrink" the automak
  
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• GM's 40-day strike drives the biggest drop in US factory output since April

  15-11-2019 20:28 via feedproxy.google.com
  US factory output plunged the most since April as the 40-day General Motors strike pulled the metric lower.
  Manufacturing output dropped 0.6% in October, according to a Friday release from the Federal Reserve.
  Factory output of motor vehicles and related parts dropped 7.1% last month. Excluding the motor vehicles sector, US factory production only fell 0.1%.
  Visit the Business Insider homepage for more stories.
  US factory output plummeted the most since April as the 40-day General Motors strike
  
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• Google is cutting back on its popular TGIF all-hands meetings as it reels from unprecedented leaks and unrest (GOOG, GOOGL)

  15-11-2019 20:18 via feedproxy.google.com
  
  Google CEO Sundar Pichai told staff that the company will hold fewer all-hands meetings, according to an email obtained by The Verge.
  Pichai said the move was in response to a "coordinated effort" to share conversations outside Google as well as a desire to make better use of employees' time.
  The town-hall style forums have often been cited as an example of Google's transparent company culture.
  However, recent leaks have prompted Google to crack down on the sharing of information across the comp
  
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• Here's why one analyst thinks Uber's stock could double

  15-11-2019 20:13 via feedproxy.google.com
  Uber shares could double over the next year as it works toward profitability, according to a team of analysts at Barclays. 
  The analysts said between the diminishing overhang from the stock's lock-up expiration and the potential for strong fourth-quarter results, investors could see outsize returns. 
  Further, the firm added that if Uber consolidates its US restaurant delivery business with another company and scales back its operations in India, it could achieve profitability more quic
  
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• A new report alleges Under Armour dumped goods at TJ Maxx to boost sales numbers

  15-11-2019 19:54 via feedproxy.google.com
  A new report from The Wall Street Journal claims Under Armour borrowed business from future quarters to mask weak demand in 2016. 
  Under Armour — which said earlier this month it was being investigated for its accounting practices — reportedly used this tactic to help continue its 26-quarter streak of 20% revenue growth, the WSJ reported. 
  The sports apparel company saw its stock fall more than 17% in a single day after the probe was revealed.
  Watch Under Armour t
  
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• Microsoft and Salesforce have made love and war for 15 years. Here's a timeline of the rocky history between the tech heavyweights. (MSFT, CRM)

  15-11-2019 19:27 via feedproxy.google.com
  
  Salesforce announced Microsoft Azure would be its public-cloud vendor for Salesforce's cloud software for marketing professionals.
  It's the latest in a long history of disputes and partnerships, and the first formal announcement between the two companies since their relationship soured after a contentious battle for LinkedIn in 2016.
  The two tech giants have had a rocky history, with their CEOs exchanging public barbs and suing each other, accusing one another of patent infringement. 
  When
  
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• Elizabeth Warren releases plan pledging to begin Medicare for All transition within first 100 days in office

  15-11-2019 19:10 via feedproxy.google.com
  
  Sen. Elizabeth Warren released a plan on Friday to start transitioning the United States towards a universal healthcare system in her first 100 days in office — and eventually steer the nation onto "Medicare for All" by the end of her first term as president.
  The first step would begin within her first 100 days in the White House, as she pledged to pass legislation creating a government-run insurance plan offering free coverage to all children under 18 and Americans earning less than
  
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• Shifting Gears: Tesla heads to Germany, more Boeing drama, and Uber insiders cash out (UBER, TSLA, LYFT)

  15-11-2019 18:09 via feedproxy.google.com
  
  Happy Friday — and welcome to Shifting Gears! It's the second week for our roundup of transportation news. Fittingly, it was a whirlwind with plenty of drama.
  You can sign up to get this recap in your inbox every week here. What did we miss? Let me know at [email protected]
  It was a busy week in transportation news across the board. Tesla's chief executive Elon Musk was in Germany to accept yet another award for the company's Model 3 sedan, where he also announced plans to build
  
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• Trump says Democrats want a 'nice, big, juicy recession'

  15-11-2019 17:54 via feedproxy.google.com
  President Donald Trump sought to shift focus toward the economy on Friday, the second day of public impeachment hearings.
  He repeated the unfounded claim that Democrats want the US to enter a downturn.
  Trump has argued that a strong economy should undermine the impeachment inquiry against him.
  Visit Business Insider's homepage for more stories.
  President Donald Trump sought to shift focus toward the economy on Friday, the second day of public impeachment hearings, repeating the baseless claim th
  
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• The top researcher at a firm managing $89 billion told us the 3 ways he analyzes whether a cheap stock is set for a surge, or if it's a trap

  15-11-2019 17:25 via feedproxy.google.com
  
  Michael Mullaney, the director of global markets research for Boston Partners, broke down his approach to value investing by saying he prizes fundamentals, valuation, and business momentum.
  Inexpensive value stocks have delivered strong returns over the past few months after a full decade of market-trailing returns. 
  Mullaney's firm has tens of billions of dollars invested in a variety of value-focused funds.
  Click here for more BI Prime stories.There's reason to think that after a decade t
  
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• Here's why the Tesla-BMW comparison doesn't make business sense (TSLA)

  15-11-2019 17:08 via feedproxy.google.com
  
  Bloomberg surveyed 5,000 Tesla Model 3 owners and concluded that BMW has something to worry about.
  BMW has nothing to worry about.
  The dynamics of BMW's and Tesla's businesses allow both automakers to thrive.
  But ultimately, Tesla's cost of doing business could become a disadvantage, if the company can't continue to produce revenue growth and start to generate steady profits.
  Sign up for Business Insider's transportation newsletter, Shifting Gears, to get more stories like this in your inbox.
  Vi
  
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• Uber shares plunged 34% last quarter. Here's how many millions some of its largest hedge-fund backers lost.

  15-11-2019 17:07 via feedproxy.google.com
  Uber's bumpy ride in the public markets continued during the third quarter. 
  Shares of the ride-hailing giant fell another 34% during the period as investors shied away from growth stocks associated with money-losing companies. 
  Several of the hedge funds backing the stock held onto their shares during the quarter, absorbing millions in losses on paper. 
  Here are some of the biggest funds that took heavy losses on their Uber stakes last quarter. 
  Watch Uber trade live on Mark
  
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• JCPenney surges 23% after its 3rd-quarter earnings report wasn't as bad as analysts thought it'd be

  15-11-2019 17:07 via feedproxy.google.com
  JCPenney reported fiscal third-quarter 2019 earnings on Friday that weren't as bad as Wall Street expected. 
  Shares of the retailer rose as much as 23% on the news in premarket trading Friday. 
  JCPenney is trying to turn itself around after struggling amid a tough retail landscape. 
  Watch JCPenney trade live on Markets Insider.
  JCPenney is climbing after its fiscal third-quarter 2019 earnings report Friday showed signs of life in the struggling retailer. 
  Shares surged as muc
  
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• Apple is predicted to beat Samsung and Huawei to become the leader in 5G smartphones next year, even though it's late to the game (AAPL)

  15-11-2019 17:02 via feedproxy.google.com
  
  Apple could lead the 5G smartphone market next year, despite the fact that it's one of the few major smartphone makers that hasn't launched a 5G phone yet, according to Strategy Analytics.
  Apple is expected to bring 5G support to all three of its new iPhones next year.
  If Apple's 2020 iPhones match upgrade rates for this year's new iPhones, Apple could claim the top spot in the 5G smartphone market, according to the research firm.
  That position may be short-lived, however, as Strategy Analytics
  
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• A fund manager who's crushing nearly all of his peers breaks down his unique strategy for continuing to outperform during a market crash

  15-11-2019 16:20 via feedproxy.google.com
  
  Sectors of the market, including utilities and telecommunications, are widely considered the default places to seek refuge in times of market turmoil. 
  These defensive sectors provide some cushion during sell-offs. But investors who overweight them tend to lose out in the long term, according to Joshua Bennett, a portfolio manager of the Alger subsidiary Weatherbie Capital.
  He told Business Insider how his alternative approach proved to be superior during the financial crisis and explained
  
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• Tariff anxiety is mounting across American households, threatening the backbone of the economy

  15-11-2019 16:10 via feedproxy.google.com
  Trade tensions with China have further raised alarm in American households, undermining one of the brightest spots in an economy otherwise expected to slow. 
  About two-thirds of US adults were concerned about how tariffs would impact their household spending in October, according to a new survey from the market-research group Civic Science.
  That was an eight-point rise from the start of the summer, before President Donald Trump significantly escalated tensions with China. 
  Visit the Bu
  
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• Tesco hopes to build on last year’s Christmas success with a time-travelling delivery van

  15-11-2019 16:00
  
  Tesco is hoping a "fun and festive" approach to its Christmas marketing can boost sales despite economic and political uncertainty.
  The post Tesco hopes to build on last year’s Christmas success with a time-travelling delivery van appeared first on Marketing Week.
  
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• John Lewis, BritBox, M&S: 5 things that mattered this week and why

  15-11-2019 15:22
  From BritBox's first ad campaign and M&S's new value strategy, to Christmas ads from John Lewis and Sainbury's, catch up on all the big marketing news from this week.
  The post John Lewis, BritBox, M&S: 5 things that mattered this week and why appeared first on Marketing Week.
  
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• Former M&S marketer Jude Bridge to become Oystercatchers managing partner

  15-11-2019 12:37
  
  The former Marks and Spencer, Mothercare and Save Children marketing boss replaces Phil Edmonds at the helm of the marketing consultancy.
  The post Former M&S marketer Jude Bridge to become Oystercatchers managing partner appeared first on Marketing Week.
  
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• Smart speakers contribute to Singles Day sales

  15-11-2019 01:00 via warc.com
  
  Chinese e-commerce giant Alibaba generated sales worth 268.
  
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• How to measure ad response with young audiences

  15-11-2019 01:00 via warc.com
  
  Marketers seeking to understand how children react to ads could benefit from using research techniques that are based on non-verbal responses, according to a study published in the Journal of Advertising Research (JAR).
  
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• How Britvic turned around a ‘supertanker brand’

  15-11-2019 01:00 via warc.com
  
  Britvic, the soft drinks company, took drastic steps to address a decline in sales and penetration at Robinsons, its leading dilutes brand.
  
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• Google teams up with Citi to offer checking accounts

  15-11-2019 01:00 via warc.com
  
  Google has become the latest tech giant to venture into personal banking, having teamed up with Citigroup and a credit union at Stanford University to offer checking accounts to consumers.
  
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• CMOs are out of step with other C-suite executives

  15-11-2019 01:00 via warc.com
  
  There is a growing disconnect across the C-suite about what other professionals consider the role of the chief marketing officer to be, according to a new survey that even finds differences of opinion between CMOs and their own marketing...
  
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• CCPA or GDPR? What China can learn about consumer privacy

  15-11-2019 01:00 via warc.com
  
  With policymakers in China yet to reach a consensus on how to protect consumer privacy, one consultant argues they should look to the California Consumer Privacy Act (CCPA) for guidance rather than the EU's General Data Protection Regulation...
  
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