Sales & Marketing news

• Trump made a special sign to show reporters that the initials of the 4 most valuable stocks spell MAGA

  11-02-2020 23:56 via feedproxy.google.com
  
  President Trump highlighted the best-performing companies on the stock market so far this year, holding up a sign that said "the trillion $ club" in an Oval Office briefing held Tuesday. 
  The sign alluded to a recent achievement made by Google's parent company Alphabet, which became the fourth American company to hit a market cap of $1 trillion last month. Visit Business Insider's homepage for more stories.⁩Four tech companies have earned bragging rights to a unique milestone in
  
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• Airbnb reportedly lost $322 million in the first 9 months of 2019, and it could mean a bumpier path to going public

  11-02-2020 22:50 via feedproxy.google.com
  
  Airbnb was unprofitable during the first nine months of 2019, The Wall Street Journal reported on Tuesday.
  The report said Airbnb lost $322 million, compared with a $200 million profit during the same period a year prior, and that costs climbed faster than revenue in its third quarter.
  Sources also told The Journal that the coronavirus outbreak, which forced Airbnb to suspend bookings in China, could affect the timing of its expected initial public offering in 2020.
  Visit Business Insider's home
  
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• Fed's Kashkari tears into 'giant garbage dumpster' cryptocurrencies

  11-02-2020 22:43 via feedproxy.google.com
  Cryptocurrencies are "like a giant garbage dumpster" and lack the basic characteristics of any stable currency, Minneapolis Federal Reserve President Neel Kashkari said at an event on Tuesday.
  The Fed official praised the Securities and Exchange Commission for "cracking down on" the coin-offering frauds and said "people have been fleeced for tens of billions of dollars."
  Kashkari acknowledged cryptocurrencies could prove useful in the future but quickly added that the sector's current status "is
  
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• Lyft's fourth quarter topped Wall Street's expectations, but no update on its path to profitability left investors unenthused

  11-02-2020 22:23 via feedproxy.google.com
  
  Lyft on Thursday reported fourth-quarter 2019 results that topped Wall Street's expectations.
  Shares of the ride-hailing company fell 4% immediately following the announcement. 
  While revenue is still growing, Lyft's losses ballooned by more than $100 million year-over-year. 
  Visit Business Insider's homepage for more stories.Lyft on Tuesday reported fourth-quarter financial results that largely topped Wall Street expectations but warned growth could slow in 2020, leaving investors lar
  
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• Google Cloud CEO Thomas Kurian lays out his master plan for taking on Amazon and Microsoft and says deals over $50 million more than doubled in 2019 (GOOG, GOOGL)

  11-02-2020 22:19 via feedproxy.google.com
  
  On Tuesday at the Goldman Sachs Technology and Internet Conference, Google Cloud CEO Thomas Kurian said Google Cloud was growing its business as "an important part of Alphabet's overall revenue-growth plan."
  Kurian said the cloud market, where Google Cloud competes against Amazon Web Services and Microsoft, was still in its "super early stages," and he compared it to the Super Bowl playoff game between Kansas City Chiefs and the Houston Texans.
  Google Cloud is working to focus on specific indust
  
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• The coronavirus outbreak will 'very likely' affect the US economy, Fed warns

  11-02-2020 21:12 via feedproxy.google.com
  A deadly viral outbreak in China is poised to affect the US economy, but it's too soon to estimate to what extent, Fed Chair Powell warned Tuesday. 
  Powell emphasized that the US economy was in a solid place but that the coronavirus presented new risks. 
  A growing number of major companies have warned of fallout from the coronavirus.
  Visit Business Insider's homepage for more stories.
  A deadly viral outbreak in China is poised to affect the US economy, but it's too soon to estimate to
  
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• Household debt balloons the fastest since 2007, Federal Reserve says

  11-02-2020 20:51 via feedproxy.google.com
  Household debt jumped in 2019, posting the fastest annual growth since 2007, the Federal Reserve said.
  Mortgages powered the jump, though credit standards and delinquencies showed signs of restraint.
  Student loans are more likely than other forms of debt to be delinquent, but they are not the most popular form of first-time debt for young people.
  Visit Business Insider's homepage for more stories.
  A Federal Reserve report released on Tuesday showed that household debt jumped in 2019, posting the
  
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• These are the 5 hedge fund managers who took home more than $1 billion last year

  11-02-2020 20:06 via feedproxy.google.com
  The top 15 hedge fund managers collectively earned $12 billion in 2019, with the top five taking in more than $1 billion each, according to Bloomberg estimates.
  The hedge fund industry generally underperformed the soaring US stock market last year, yet 14 of the 15 funds listed posted double-digit returns.
  Here are the five managers to make more than $1 billion in 2019 in ascending order of earnings, according to Bloomberg estimates.
  Visit the Business Insider homepage for more stories.
  Hedge fu
  
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• Why one Wall Street firm thinks coronavirus is a 'true black swan' for oil and energy markets

  11-02-2020 20:00 via feedproxy.google.com
  Oil prices have fallen for five weeks straight amid the coronavirus outbreak, which has weighed on demand in China. 
  The blow could be the "first black swan of the decade" for oil and energy markets, according to a note to clients sent Monday from Ned Davis Research. 
  Investors should heed objective indicators, remain flexible, and manage risk, as there might be some opportunities to buy midstream companies at a later date, Warren Pies of Ned Davis Research wrote. 
  Watch oil trade
  
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• Trump suggests without evidence that Fed Chair Powell caused the Dow to drop

  11-02-2020 18:42 via feedproxy.google.com
  President Donald Trump suggested without evidence that comments by Federal Reserve Chairman Jay Powell drove stocks lower on Tuesday.
  The Dow Jones industrial average briefly dipped into negative territory mid-morning as a drop in Boeing shares pressured the index. 
  Bond yields held mostly steady throughout the central bank testimony, suggesting there was no significant change in market expectations for interest rates.
  Visit Business Insider's homepage for more stories.
  President Donald Tru
  
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• Why one analyst thinks Tesla's Model Y could 'ultimately cannibalize' some Model 3 sales (TSLA)

  11-02-2020 18:37 via feedproxy.google.com
  Tesla is due to begin deliveries of its Model Y vehicle in March 2020. 
  "A key question is whether Model Y demand will ultimately cannibalize Model 3 volumes," analyst Toni Sacconaghi of Bernstein wrote in a note Tuesday. 
  He added that any softness in Model 3 sales could spook investors near-to-medium term. 
  Here's why Sacconaghi thinks the Model Y could take sales from the Model 3. 
  Watch Tesla trade live on Markets Insider. 
  Read more on Business Insider. 
  Tesla
  
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• Puerto Rico gets investors' OK to reduce debt load by $24 billion, inching closer to the end of bankruptcy

  11-02-2020 18:24 via feedproxy.google.com
  Puerto Rico struck a deal with bondholders Sunday that reduces debt by $24 billion while agreeing to pay back debt 10 years sooner than before.
  Puerto Rico has struggled as two hurricanes hit the island months after it had filed for bankruptcy.
  Wanda Vázquez, governor of Puerto Rico, opposes the new deal on the grounds that it protects bondholders more than retirees.Visit Business Insider's homepage for more stories.A deal between Puerto Rico and creditors could inch the country one step
  
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• The lead manager at the world's top-ranked small-cap fund crushes peers in the riskiest part of the market. He reveals the 4 attributes he looks for in a stock pick.

  11-02-2020 17:19 via feedproxy.google.com
  
  Ken Korngiebel's Wasatch Micro Cap Fund beat 99% of its peers in 2019, and it's consistently stayed ahead of its peers throughout the last two decades. 
  Korngiebel is investing in companies that might have a short track record and depend heavily on a few key people.
  He told Business Insider he makes sure he's getting his calls correct by zeroing in on these four areas.
  Visit Business Insider's homepage for more stories.It's survival of the fittest in Ken Korngiebel's portfolio.
  When he took
  
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• SoftBank just made $12 billion after Sprint's stock rocketed 70%

  11-02-2020 17:05 via feedproxy.google.com
  SoftBank made about $12 billion after Sprint's stock price rocketed 70% on Tuesday.
  The Japanese conglomerate is Sprint's parent, owning nearly 85% of the wireless carrier's shares.
  The stock surge boosted the value of SoftBank's holding from about $17 billion to $29 billion.
  Sprint's shares shot up after a federal judge approved its mega-merger with T-Mobile.
  Visit Business Insider's homepage for more stories.SoftBank made about $12 billion this morning, courtesy of Sprint's surging stock price
  
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• The $23 trillion debt leaves the US with fewer tools to fight a recession, Fed warns Congress

  11-02-2020 17:00 via feedproxy.google.com
  Mounting government debt could hold back congressional efforts to fight a downturn in the US economy, Federal Reserve Chairman Jay Powell warned Tuesday. 
  Relatively low interest-rate levels could leave the central bank with less room to help stimulate growth in the event of a downturn.
  The federal deficit typically falls during periods of strong economic growth, but recent policies have driven it toward historic highs. 
  Visit Business Insider's homepage for more stories.
  Mounting gove
  
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• Apple's massively popular AirPods dominated the competition again in 2019 — and it doesn't look like that's changing anytime soon (AAPL)

  11-02-2020 17:00 via feedproxy.google.com
  
  Apple's AirPods held a strong lead over rivals in the fourth quarter of 2019 and over the course of the whole year, according to new data from Counterpoint Research.
  Apple's AirPods claimed 47% of the global market for truly wireless earbuds in 2019, according to the report.
  Xiaomi and Samsung were runner-ups, but with roughly 6% of the market each they're still distantly behind Apple.
  It's the latest sign that Apple's AirPods have been a hit, proving the headphones can stand out in the market e
  
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• The battle over Tesla, a real estate rags-to-riches story, and stock picks from 10 top-ranked analysts

  11-02-2020 16:53 via feedproxy.google.com
  
  Dear Readers,
  No stock is more polarizing than Tesla right now. It may well be the most controversial company in history.
  But while your opinion of the company may rest on either side of the grand spectrum, Tesla's stock performance has been undeniable. The Elon Musk-helmed automaker has skyrocketed more than 200% over the last six months, and started 2020 on a 112% tear.
  Proponents will tell you that Tesla is in pole position to win the electric-vehicle race set to define the auto industry's f
  
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• Sprint surges 73% after its megamerger with T-Mobile gets the go-ahead

  11-02-2020 16:33 via feedproxy.google.com
  Sprint stock rocketed more than 70% on Tuesday.
  The rally came after a federal judge approved Sprint's megamerger with T-Mobile.
  The two mobile carriers had agreed in April 2018 to merge, but authorities worried the deal would reduce competition and raise prices.
  Visit Business Insider's homepage for more stories.
  Watch Sprint trade live.
  Sprint stock rocketed more than 70% on Tuesday after a federal judge approved the company's proposed megamerger with T-Mobile.
  America's third- and fourth-larg
  
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• Under Armour slips 17% on weak quarterly sales and an up to $60 million hit from the coronavirus (UA)

  11-02-2020 16:23 via feedproxy.google.com
  Under Armour reported fiscal fourth-quarter and full-year 2019 results on Tuesday that missed analysts' expectations.
  Shares fell as much as 17% in early trading on Tuesday.
  The company lowered its first-quarter 2020 sales outlook and said it would see a hit of $50 million to $60 million due to the coronavirus outbreak in China.
  Watch Under Armour trade live on Markets Insider.
  Read more on Business Insider.
  Shares of Under Armour fell as much as 17% in early trading on Tuesday after it reported
  
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• Oil briefly flashed a warning signal that shows traders are worrying about oversupply

  11-02-2020 15:49 via feedproxy.google.com
  Oil markets went into contango Tuesday, indicating fear of oversupply, Bloomberg previously reported.
  Coronavirus, and increasing signs that OPEC may not cut production in response to it, has sent oil spiraling down recently.
  Still, brent crude bounced as much as 2.37% Tuesday.
  Visit Business Insider's homepage for more stories. Oil markets flashed a signal late Monday that oversupply is top of mind.
  The Brent crude futures curve momentarily entered full contango, in which each later dated
  
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• Verizon offers 5G test environment

  11-02-2020 01:00
  
  5G is grabbing the headlines for various reasons, but now UK advertisers have an opportunity to get up close with the technology’s possibilities as Verizon opens a new 5G Lab and production studio in central London.
  
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• Eargo’s DTC strategy in a challenging category

  11-02-2020 01:00
  
  Eargo, the direct-to-consumer hearing-aid company, is putting brand trust at the heart of its strategy as it encourages consumers to buy a product they cannot easily test before making a purchase.
  
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• Deloitte India expands media audit offering with Spatial Access

  11-02-2020 01:00
  
  Deloitte India is in advanced talks to acquire media audit firm Spatial Access, according to media reports.
  
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• Applying the theory of planned behaviour

  11-02-2020 01:00
  
  There are many reasons why people fail to take actions they know they should, like saving for a pension, but an understanding of the theory of planned behaviour can help brands overcome this reluctance.
  
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• A new element in the K-wave?

  11-02-2020 01:00
  
  The success at the Academy Awards of Korean black comedy Parasite heralds a potential new element of the so-called K-wave, which has to date seen consumers in Asia and large parts of the rest of the world embrace Korean pop, soap operas and...
  
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