Sales & Marketing news

• Primary-care startup One Medical surged in its stock-market debut. Here are the investors and execs who stood to make the most.

  31-01-2020 23:01 via feedproxy.google.com
  
  The primary-care startup One Medical just went public under the ticker ONEM.
  The company raised $245 million after offering 17.5 million shares at $14 apiece. Shares started trading late Friday morning at $18 a share and closed up 58% at $22.07 a share. 
  The top investors and executives in the company, including founder Tom Lee, stand to make millions off the public offering.
  Click here for more BI Prime stories.The primary-care startup One Medical just went public.
  On Thursday, One Medical
  
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• Buzzy primary-care company One Medical surged to a $2.7 billion valuation to cap off its first day of trading (ONEM)

  31-01-2020 22:42 via feedproxy.google.com
  
  One Medical surged in its stock-market debut.
  The company priced its shares at $14 apiece on Thursday. The stock closed 58% higher for the day at $22.07 a share. 
  The company was valued at about $2.7 billion after its first day of trading under the ticker ONEM.
  One Medical operates primary-care practices that charge a $200 annual fee and bill your health insurance.
  Visit Business Insider's homepage for more stories.The primary-care company One Medical surged in its stock-market debut on Fri
  
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• Dow plummets more than 600 points in its worst day since August as coronavirus fears rage (SPX)

  31-01-2020 22:16 via feedproxy.google.com
  The Dow Jones Industrial Average erased its year-to-date gains in the last day of January trading, tumbling more than 600 points on rising coronavirus fears.
  American Airlines and United Airlines suspend flights to China.
  The yield curves flashes a signal of recession while gold climbs.
  Visit Business Insider's homepage for more stories. 
  The Dow cut its year-to-date gains Friday, tumbling more than 600 points as coronavirus fears continued to shake global markets.
  All major indices slid, w
  
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• Amazon Web Services made an accounting change to how it deals with servers that will add $2.3 billion in profits this year — and it speaks to its growing cloud efficiency (AMZN)

  31-01-2020 22:16 via feedproxy.google.com
  
  Amazon now expects the servers running its massively profitable and market-dominating Amazon Web Services cloud computing unit to last longer.
  That means Amazon gets to spread the depreciation cost of the servers over a longer period of time, recording smaller expenses each year — and bigger profits.
  Analysts say the longer server durability is also a testament to AWS's technological prowess, as it's become more efficient with its data centers.
  Visit Business Insider's homepage for more st
  
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• Amazon just gave a big signal that it's going to step up its grocery business, and it could be a wake up call for competitors like Albertsons and Kroger (AMZN)

  31-01-2020 19:28 via feedproxy.google.com
  
  Amazon added "companies that sell grocery products online and in physical stores" to its group of competitors for the first time in its annual filing on Friday.
  The update suggests Amazon thinks its grocery business is big enough to be considered a competitor to traditional retailers, like Albertsons and Korger. 
  It's unclear how exactly Amazon's grocery business is doing, but its CFO Brian Olsavsky said orders from its Amazon Fresh and Whole Foods businesses more than doubled last quarter.
  
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• A little-known trucking company surges nearly 58% after Volkswagen unit makes a surprise offer to buy (NAV)

  31-01-2020 18:39 via feedproxy.google.com
  US truck manufacturer Navistar's shares shot up in pre-market trading Friday, after a Volkswagen unit said Thursday it could buy the company in cash.
  Activist investor Carl Icahn is Navistar's single largest shareholder, and the billionaire has taken an active role in reforming the company over the past several years.
  The truck manufacturing industry struggled in 2019, and Navistar's stock trailed the S&P 500. It started out the new year on a decline.
  Visit Business Insider's homepage for mo
  
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• The 'watch has ended': Members of the Robinhood Reddit forum are roasting the platform as Fidelity releases fractional share trading

  31-01-2020 17:57 via feedproxy.google.com
  Members of the Robinhood subreddit are roasting the brokerage after Fidelity debuted its fractional trading program on Wednesday.
  Robinhood announced its fractional trading program in mid-December, but the service has a waitlist of more than 1.2 million users.Fidelity said it opened its service to some clients the day of its announcement and would continue the rollout "over the next several weeks."
  "Robinhood, if you're looking at this: this is what happens if you delay and waitlist everything,"
  
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• Trump failed to slash healthcare benefits for the poor when his Obamacare repeal effort collapsed — so now he's trying to do it on his own

  31-01-2020 17:49 via feedproxy.google.com
  Trump is moving to allow states to cap their spending on parts of Medicaid, a public health insurance program for low-income Americans.
  The new initiative allows states to convert portions of Medicaid into a system of block grants, likely scaling back health benefits for those insured.
  Congress rejected the idea during the Trump administration's effort to repeal and replace the Affordable Care Act.
  Democrats and patient advocates staunchly oppose the change, contending it will strip health cover
  
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• American optimism toward economy surges to 9-month high as job market hums

  31-01-2020 17:34 via feedproxy.google.com
  American households were more optimistic about the economy this month.
  The University of Michigan said its index of consumer sentiment jumped to 99.8, just below the cyclical peak.
  A historically strong labor market helped offset a wave of potential concerns, including the impeachment trial of President Donald Trump and developments abroad.
  Visit Business Insider's homepage for more stories.
  American households were more optimistic about the economy this month as a historically strong labor mark
  
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• Legendary investor Charlie Munger loved 'The Rebel Allocator' so much that he called the author and encouraged him to make it a movie. Here are the book's 3 key takeaways.

  31-01-2020 17:31 via feedproxy.google.com
  
  Jacob Taylor, the CEO of Farnam Street Investments and author of "The Rebel Allocator," said his 25-minute phone call with Charlie Munger was "the most surreal experience" of his life.
  Through a fictional lens, Taylor offers readers timeless lessons in business.
  He says "people are afraid to think for themselves."
  Click here for more BI Prime stories.It's not every day that Charlie Munger, the vice chairman of Berkshire Hathaway and Warren Buffett's right-hand man, calls you personally. 
  "I
  
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• LVMH banked $59 billion in revenue last year — here are 17 of the most iconic brands the French luxury giant owns

  31-01-2020 17:10 via feedproxy.google.com
  
  In 2019, LVMH, the world's largest luxury goods seller, saw record growth, bringing in revenue that reached €53.7 billion ($59 billion), Business of Fashion reported. 
  Last year, the conglomerate also agreed to buy American jewelry retailer Tiffany & Co. for $16.2 billion, which, according to the New York Times, will be LVMH's priciest acquisition. It will also the most expensive deal ever made in the wider luxury sector. 
  LVMH's portfolio already includes 75 different brands
  
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• Americans spent at slowest pace in 3 years in 2019, threatening powerhouse of US economy

  31-01-2020 16:50 via feedproxy.google.com
  Consumer spending is closely watched because it drives about two-thirds of gross domestic product.
  But there are signs that households are starting to pull back on spending.
  Personal consumption expenditures rose 4% on an annual basis last year, the smallest increase since 2016.Visit Business Insider's homepage for more stories.
  American shoppers continued to serve as the engine of the US economy through volatile times last year, fueling growth even as a global cooldown and trade tensions cloude
  
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• Warren Buffett's big Amazon investment is finally paying off, 8 months after he lamented not buying sooner (AMZN, BRKA)

  31-01-2020 16:41 via feedproxy.google.com
  Warren Buffett spent years watching Amazon soar from the sidelines, before his holding company Berkshire Hathaway started purchasing shares earlier this year.
  Shares skyrocketed Friday, with Amazon hitting a $1 trillion market capitalization for the second time in its history.
  Visit Business Insider's homepage for more storiesBefore his holding company, Berkshire Hathaway, bought shares in Amazon this year, Warren Buffett had spent years ruing not buying them earlier on. But Buffett is sure
  
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• Super Bowl fans reject political campaign ads

  31-01-2020 01:00
  
  Super Bowl 2020 kicks off this Sunday and, as usual, numerous brands will vie for attention of football fans, but a new survey suggests campaign teams fighting the presidential election would be advised not to advertise during the game.
  
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• Most children in the UK own a mobile by age seven

  31-01-2020 01:00
  
  More than half (53%) of children in the UK own a mobile phone by the age of seven while a similar proportion (57%) say they sleep with their mobile device beside their bed, a new survey has revealed.
  
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• Indonesia’s Blibli opens Amazon-style cashless store

  31-01-2020 01:00
  
  Indonesian e-commerce firm Blibli.
  
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• Cross-media effects differ by market

  31-01-2020 01:00
  
  A combination of television and online advertising can yield distinct cross-media impacts in different countries, according to a study published in the Journal of Advertising Research (JAR).
  
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• Coronavirus forces global brands to respond

  31-01-2020 01:00
  
  Quite apart from the alarm and disruption that the coronavirus outbreak is causing in China, its rapid spread has forced global brands operating in the country to scale back their operations, close stores and restrict travel.
  
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• Applying the psychology of AR to OOH

  31-01-2020 01:00
  
  The psychological impact of augmented reality (AR) can be used in an OOH advertising context to build emotional connections and bring consumers closer to a brand, research suggests.
  
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• Advertising Association puts spotlight on responsibility and trust

  31-01-2020 01:00
  
  Brands, media owners and politicians have backed moves to put responsibility at the heart of the UK advertising industry, as the Advertising Association announced a new focus at its annual LEAD summit.
  
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