Sales & Marketing news

• Wuhan coronavirus leads Ericsson, LG, Google, Apple, and others to suspend employee travel as WHO declares global health emergency (AAPL, FB)

  07-02-2020 23:54 via feedproxy.google.com
  
  Ericsson, LG, Apple, Google, and other major tech companies have restricted employee travel in response the coronavirus outbreak.
  The virus has killed more than 100 people and spread to at least 18 countries, prompting many to warn against travel to China.
  Companies with a presence in China are halting business travel as a precaution.
  Here are the ones who have confirmed travel restrictions so far.
  Visit Business Insider's homepage for more stories.Ericsson and LG have both announced they will n
  
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• 'A number of red flags': Aurora Cannabis shed 19% on a string of bad news. Here's what 4 analysts are saying. (ACB)

  07-02-2020 22:17 via feedproxy.google.com
  On Thursday Aurora Cannabis announced CEO Terry Booth is retiring and that the company will slash 500 jobs to reduce costs.
  Shares fell as much as 19% Friday. 
  Here's what four Wall Street analysts are saying about the Canadian cannabis company. 
  Watch Aurora Cannabis trade live on Markets Insider.
  Read more on Business Insider.
  Shares of Aurora Cannabis tumbled as much as 19% Friday after the company announced Thursday that its CEO Terry Booth is retiring and stepping down, and that i
  
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• Coronavirus effects could 'spill over to the rest of the global economy,' Fed warns in report to Congress

  07-02-2020 21:27 via feedproxy.google.com
  A fast-spreading virus has killed hundreds of people in China and sickened thousands more, bringing activity in the second-largest economy to a near standstill.
  And the scope of the outbreak's economic consequences may only grow, according to the Federal Reserve.
  In its latest monetary-policy report to Congress on Friday, the central bank said possible spillover effects of the coronavirus outbreak "have presented a new risk to the outlook."
  Visit Business Insider's homepage for more stories.
  A f
  
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• Amazon quietly hired the NBCUniversal executive known as ex-CEO Jeff Zucker's 'right-hand man' to lead PR for its original-video and streaming services (AMZN)

  07-02-2020 21:19 via feedproxy.google.com
  Cory Shields, the former executive vice president of communications at NBCUniversal, is now vice president of public relations for the Amazon Studios and original-video teams, Business Insider has learned.
  Shields spent about 20 years at NBCUniversal and was once called ex-CEO Jeff Zucker's "right-hand man," according to Variety.
  Shields' hiring comes at a time when Amazon's entertainment group needs a high-profile representative, as competition in the space is intensifying this year.
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• Here's why one Wall Street chief strategist thinks the market's turbulent January is the new normal

  07-02-2020 20:06 via feedproxy.google.com
  Events like the coronavirus outbreak, US presidential election, and geopolitical tensions are set to drive greater volatility in 2020 compared to last year, according to Seema Shah, chief strategist at Principal Global Investors.
  Central banks are still "still obviously in play," and with the Federal Reserve pausing rate adjustments until inflation meets its 2% goal, investors shouldn't expect the stimulus seen in 2019, she said.
  Shah recommends investors remain "fully invested" as long as econo
  
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• China GDP will be 0% this quarter as coronavirus rages, says Wall Street chief economist

  07-02-2020 19:56 via feedproxy.google.com
  GDP growth will be flat this quarter in China as the country battles falling consumption as a result of the coronavirus outbreak, Evercore ISI Chairman Ed Hyman told CNBC on Friday.
  The US's economy will be little affected, he said.Visit Business Insider's homepage for more stories.
  The coronavirus outbreak will wipe out Chinese growth this quarter, according to Evercore ISI Chairman Ed Hyman.
  "China is really slowing, and that's worrying people for sure," Hyman said in a CNBC interview on Frida
  
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• US economy beats estimates, adds 225,000 jobs in January as wages grow

  07-02-2020 18:55 via feedproxy.google.com
  The US labor market entered 2020 on a stronger-than-expected note, adding jobs for a record 112th month.
  The Bureau of Labor Statistics on Friday said 225,000 nonfarm payrolls were created in January, compared with economist forecasts for 165,000.
  Average hourly earnings rose 3.1% from the same month last year, compared with a 2.9% year-over-year rise in December.
  Visit Business Insider's homepage for more stories.
  The US labor market entered 2020 on a stronger-than-expected note, adding jobs fo
  
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• Trump and Xi think coronavirus could delay promised China purchases, Kudlow says

  07-02-2020 18:30 via feedproxy.google.com
  President Donald Trump and Chinese President Xi Jinping said in a phone call Friday that the coronavirus outbreak could delay key trade pledges.But they predicted that any interference would be temporary.
  The coronavirus outbreak has closed businesses across China and disrupted global supply chains, adding to existing doubts about steep purchase quotas.
  Visit Business Insider's homepage for more stories.
  President Donald Trump and Chinese President Xi Jinping said in a phone call Friday that the
  
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• Uber's accelerated race to profitability has one Wall Street analyst doubling down on it as the best stock pick of 2020 (UBER)

  07-02-2020 18:23 via feedproxy.google.com
  Mark Mahaney of RBC Capital Markets reiterated that Uber is his top long stock pick for 2020 after the company reported solid quarterly results Thursday. 
  Shares of Uber surged as much as 9% in early trading Friday. 
  "We still see material upside potential from current levels," Mahaney said in a Friday note. 
  Watch Uber trade live on Markets Insider.
  Read more on Business Insider.
  One Wall Street analyst not only thinks that Uber should be added to the FANG stocks — rebrandi
  
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• Tesla is now the most popular stock on SoFi as millennials chase record-shattering gains (TSLA)

  07-02-2020 16:55 via feedproxy.google.com
  Tesla is the most held stock on SoFi Invest, SoFi's trading platform, CNBC reported on Thursday.
  Tesla unseated Apple, which was previously the most popular stock on the platform.
  Tesla has been on an eye-popping bull run recently, but it hasn't been without whiplash: Shares hit a new intraday high and fell by 17% within two trading days this week.Visit Business Insider's homepage for more stories.
  Among investors experiencing Tesla whiplash this week: millennials.
  Tesla is the most held stock o
  
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• 'It's a physical impossibility to lift yourself up by a bootstrap': Alexandria Ocasio-Cortez argues everyone needs help to succeed

  07-02-2020 15:59 via feedproxy.google.com
  
  Rep. Alexandria Ocasio-Cortez blasted the idea of "pulling yourself up by your bootstraps."
  The progressive lawmaker argued nobody succeeds alone, and some people have advantages over others.
  "It's a physical impossibility to lift yourself up by a bootstrap, by your shoelaces," she tweeted.
  Ocasio-Cortez said it would be "narcissistic" to claim she bootstrapped her way into office.
  Visit Business Insider's homepage for more stories.Rep. Alexandria Ocasio-Cortez dismissed the idea of "pulling you
  
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• Warner Music Group files for an IPO as streaming services boost labels

  07-02-2020 15:46 via feedproxy.google.com
  Warner Music Group filed for an IPO with the Securities and Exchange Commission on Thursday as streaming services continue to boost the music industry.
  The offering is Warner's second, as a slew of private-equity firms took the company public in 2005 after buying it from Time Warner the previous year.
  The S-1 filing follows Vivendi selling a 10% stake in Universal to Tencent in late December for €3 billion ($3.4 billion). The sale established Universal as the world's largest music company.
  
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• Ford just announced a big leadership change as it continues a $11 billion restructuring (F)

  07-02-2020 15:44 via feedproxy.google.com
  
  Ford announced leadership changes on Friday, naming Jim Farley chief operating officer.
  Automotive president Joe Hinrichs is retiring after 19 years with the carmaker.
  Ford is undergoing of an $11 billion restructuring under CEO Jim Hackett.
  Visit Business Insider's homepage for more stories.Ford announced on Friday that Joe Hinrichs would retire as the carmaker's president of automotive, a position he was named to just last April.
  Ford also said Jim Farley, who formerly headed up the company's
  
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• The House just passed a bill designed to strengthen worker rights. Here's an astounding chart showing how the death of the union worsened economic inequality.

  07-02-2020 15:32 via feedproxy.google.com
  The House voted on Thursday to pass one of the most sweeping pro-worker bills in decades, but it's likely dead on arrival in the GOP-led senate.
  In 2019, the union membership rate stood at 10.3%, a historic low.
  Experts say the decreased sway of unions has contributed to accelerating inequality within the United States.
  One chart illustrates that falling unionization rates have also correlated with a higher share of income streaming towards the top 10% of US households in the last 30 years.
  Visi
  
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• Uber surges after saying it will be profitable a year earlier than expected (UBER)

  07-02-2020 15:20 via feedproxy.google.com
  Uber reported quarterly earnings Thursday that exceeded Wall Street's expectations.
  Shares surged as much as 9% in early trading Friday.
  Uber also announced that it expected to reach profitability this year, earlier than its previous goal of reaching profitability on an Ebitda-adjusted basis in 2021.
  Watch Uber trade live on Markets Insider.
  Read more on Business Insider.
  Uber just pushed up its timeline to profitability, and investors like it.
  Shares of the ride-hailing giant surged as much as
  
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• Understanding the digital ‘double-jeopardy effect’

  07-02-2020 01:00
  
  The presence of a “double-jeopardy effect” for website traffic should inform digital media plans and online publishers’ strategies for growth, according to a study published in the Journal of Advertising Research (JAR).
  
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• The importance of creative sponsorship activation

  07-02-2020 01:00
  
  As brands grapple with the effects of short-termism in marketing, sports sponsorship can perform a dual purpose, delivering both immediate outcomes and longer-term results by placing brands at the intersection between consumers and the things...
  
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• Key trends shaping Halal Travel 2.0

  07-02-2020 01:00
  
  Muslim travellers are predicted to contribute US$300bn to the global economy in the next decade and the market has shifted from niche to a mainstream one, according to Mastercard and Crescent Rating.
  
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• Indian adspend forecast to grow at 10.7% in 2020

  07-02-2020 01:00
  
  Advertising expenditure in India is forecast to grow 10.
  
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• Google Chrome will block intrusive video ads

  07-02-2020 01:00
  
  Google has announced that its Chrome browser will block all “disruptive” ads that are displayed alongside short-form videos of eight minutes duration or less, while it also reviews its own websites, such as YouTube, for compliance.
  
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• Consumers will drop environmentally unfriendly brands

  07-02-2020 01:00
  
  At least six in ten (61%) global consumers say they would be less willing to buy a company’s product if they found it performed poorly on environmental practices, a new survey has revealed.
  
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