Sales & Marketing news

• Dropbox's luck could be changing as its revamped platform and new executives could bring more opportunities for growth, analysts say (DBX)

  21-02-2020 22:47 via feedproxy.google.com
  
  Dropbox shares are back above its IPO price for the first time since September on the heels of better-than-expected earnings results. 
  Dropbox revamped its product in 2019 and hired four new executives, which analysts say could be a sign that the file storage company is experiencing a turnaround and there are happier days ahead.
  Analysts will now be looking to see how Dropbox maintains the growth that comes with its revamped product, and how a new slate of executives help the company achiev
  
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• Tech stocks plummet as coronavirus fears send traders fleeing to safety

  21-02-2020 22:19 via feedproxy.google.com
  Coronavirus fears returned to US stocks on Friday, sending the Nasdaq 100 to its worst day in almost four weeks.
  Declines were led by Hasbro, Nvidia, and Advanced Micro Devices, three names with supply chain exposure in China.
  Safe-haven assets rallied, with the yield on the 30-year Treasury note hitting an all-time low.
  Visit Business Insider's homepage for more stories.
  US stocks tumbled on Friday amid mounting coronavirus fears. The tech-heavy Nasdaq 100 was hit particularly hard, registering
  
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• Warren Buffett just became the longest-serving CEO of an S&P company. Take a look inside his incredible life and career.

  21-02-2020 22:00 via feedproxy.google.com
  
  Leslie Wexner, the CEO and founder of Victoria's Secret's parent company L Brands, recently announced that he would be stepping down after 57 years on the job. He had the longest tenure amongst any current CEO of an S&P company.
  With Wexner's departure, Warren Buffett is now the longest-tenured CEO in the S&P 500. He's been the CEO of Berkshire Hathaway for 50 years.
  The distinction is particularly impressive given that the average tenure of a CEO was reported to be five years between 20
  
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• Slack spikes 8% after Uber decides to use the chat app for its 38,000 employees (WORK)

  21-02-2020 19:29 via feedproxy.google.com
  Uber said it would use Slack across its entire workforce of 38,000 employees, Business Insider's Paayal Zaveri reported Friday.
  Slack jumped as much as 8% in early trading Friday.
  It's the second large account Slack has won recently: IBM said on February 10 that it would roll out the work-chat app to its 350,000 global employees.
  Watch Slack trade live on Markets Insider.
  Read more on Business Insider.
  Slack just landed another big exclusive account.
  The popular work-chat app surged as much as 8
  
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• US business activity falls for the first time since 2013 amid the coronavirus outbreak

  21-02-2020 18:52 via feedproxy.google.com
  The IHS Markit purchasing managers' index fell 3.7 points to 49.6 on Friday. The index measures composite output at factories and service providers.
  Any reading below 50 signals a contraction. Friday's PMI marks the first contraction in US business activity since 2013. 
  The deterioration in PMI "was in part linked to the coronavirus outbreak, manifesting itself in weakened demand across sectors such as travel and tourism, as well as via falling exports and supply chain disruptions," said IH
  
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• Mom and pop trading has spiked to record levels as brokers shift to zero commissions

  21-02-2020 18:11 via feedproxy.google.com
  Trading volume has exploded at TD Ameritrade, E-Trade, and Charles Schwab, as retail investors make their way into the world of equity investing at record rates, Bloomberg reported. 
  Charles Schwab slashed commission in October and TD Ameritrade and E-Trade quickly followed, bringing down a financial barrier to stock trading.
  The inflows come as equity indices reach historic highs and some of the names retail investors are most interested in are at soaring valuations.
  Visit Business Insider
  
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• Goldman Sachs ex-CEO Lloyd Blankfein said he might struggle to vote for Sanders over Trump, suggested he doesn't see himself as rich, and compared Wall Street bankers to antelope and samurai

  21-02-2020 16:43 via feedproxy.google.com
  Lloyd Blankfein blasted Sen. Bernie Sanders' planned wealth tax and warned he was as divisive as President Trump in a Financial Times interview.
  "I think I might find it harder to vote for Bernie than for Trump," the former Goldman Sachs CEO said.
  The billionaire said he doesn't see himself as rich, only "well-to-do."
  Blankfein also compared Wall Street bankers to antelope and samurai, arguing they were scapegoats for the 2008 financial crisis.
  Visit Business Insider's homepage for more stories.
  
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• Warren Buffett's annual shareholder letter will be released Saturday when Berkshire Hathaway reports earnings. Here's what analysts are looking for. (BRK.B)

  21-02-2020 16:08 via feedproxy.google.com
  Warren Buffett's annual letter to shareholders is set to be released on Saturday, February 22. 
  Berkshire Hathaway, the company Buffett runs, will also report its fourth quarter 2019 earnings the same day. 
  Here's what analysts will be looking for in the company's earnings release and Buffett's letter. 
  Watch Berkshire Hathaway trade live on Markets Insider. 
  Read more on Business Insider. 
  It's a moment investors have been waiting for. On Saturday, famed value investor
  
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• Wells Fargo close to roughly $3 billion settlement that would end probes into sales practices

  21-02-2020 15:21 via feedproxy.google.com
  Wells Fargo is nearing deals with federal prosecutors and the SEC that would settle years-long investigations into sales practices in its banking, auto-lending, and mortgage divisions, The New York Times reported.
  Though a dollar figure was not disclosed, the bank has set aside $3.1 billion for legal expenses associated with the scandal, The Times said.
  The bank has paid $4 billion in fines and penalties since its sales scandal broke in 2016, according to Reuters.
  Visit Business Insider's homepa
  
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• A group of cannabis investors just raised $225 million to buy up real estate in a tough market. Here's how they put the deal together.

  21-02-2020 14:31 via feedproxy.google.com
  
  Subversive Real Estate Acquisition REIT LP is the newest cannabis-focused real estate investment vehicle in town.
  The fund's CEO, Richard Acosta, told Business Insider that they raised $225 million over a two-week period in December through a SPAC, or special purpose acquisition vehicle. 
  SPACs are an increasingly common strategy used by investors to go after cannabis operators. 
  Acosta says they're looking at all types of deals, from distressed to "well-capitalized" cannabis operators
  
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• Goldman Sachs' investment chief for wealth management says there's an 87% chance stocks will rise over the next year — and explains why traders should resist jumping ship

  21-02-2020 14:15 via feedproxy.google.com
  
  Sharmin Mossavar-Rahmani, the chief investment officer of Goldman Sachs' private-wealth-management division, makes a compelling case that the decade-plus bull market will keep rolling.
  She leans on hard data, historical anecdotes, and low recession probabilities to bolster her thesis.
  Mossavar-Rahmani said "the economic backdrop suggests staying invested."
  Click here for more BI Prime stories.2019 was a year fraught with recession risk. But if you were stoic enough to weather a yield-curve inver
  
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• A simple trading strategy has historically made investors an average of 21% in just 6 days. Here's how Goldman Sachs says you can replicate it.

  21-02-2020 14:09 via feedproxy.google.com
  
  A trading strategy of buying call options shortly before analyst-day events — then selling them shortly after — has averaged a 21% return over the past 18 years, according to derivatives strategists at Goldman Sachs.
  The strategy is already up 28% this year — and Goldman has a list of 20 stocks it thinks traders can use to exploit it in the next few weeks. 
  Click here for more BI Prime stories. As the fourth-quarter earnings season draws to a close, Goldman Sachs is a
  
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• Private-equity firms, once dismissed as startup 'bottom feeders,' are now among the top buyers of tech startups. Here's why Silicon Valley has fallen in love with PE.

  21-02-2020 14:00 via feedproxy.google.com
  
  Among startups that don't fail, most are acquired instead of going public.
  Although most startups that are acquired are still purchased by other independent companies, a growing number and proportion are being snatched up by private equity firms.
  In the past, private equity firms were largely considered bottom feeders, buying up companies on the cheap for their cash flow, but increasingly, they're buying companies with the intent to help them grow or to combine them with other startups to reach
  
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• Why Morgan Stanley, which has 15,000-plus financial advisers catering to the super-wealthy, is buying a discount broker known for its talking baby ads

  21-02-2020 13:09 via feedproxy.google.com
  
  Morgan Stanley said on Thursday it planned to buy E-Trade in a deal set to close in the fourth quarter.
   Morgan Stanley is making a big play for smaller, Main Street customers it's long tried to reach, through E-Trade's self-directed brokerage platform and stock-plan administration business.
  The bank is also making its first foray into the registered investment adviser (RIA) business, a fast-growing corner of the wealth management industry that Goldman Sachs pushed into last year with Unite
  
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• Tesla's next Gigafactory is back on track after a German court threw out an environmental challenge

  21-02-2020 12:37 via feedproxy.google.com
  Tesla's plan to build its first Gigafactory in Europe is back on track.
  Elon Musk's electric-car company had halted preparations after environmental activists won an injunction against it.
  A German court threw out the challenge, however, on Thursday.
  Tesla wants to finish the factory's first phase and begin production next year.
  Visit Business Insider's homepage for more stories.Tesla's plan to build its first Gigafactory in Europe is back on track after a German court on Thursday threw out a ch
  
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• US cord-cutting continues to accelerate

  21-02-2020 01:00
  
  The cord-cutting trend in the US appears to have become the new normal, with a new study showing that traditional pay-TV providers lost a huge number of customers in the final quarter of 2019.
  
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• UK Google users could lose EU GDPR protection

  21-02-2020 01:00
  
  Three weeks after the UK formally left the European Union, it has emerged that Google plans to move the accounts of its British users to a US jurisdiction and intends to require them to acknowledge these new terms of service.
  
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• Spotify almost doubles its German podcast audience

  21-02-2020 01:00
  
  Spotify, the Swedish music and audio streaming service, has identified podcasts as key to its growth – and the strategy appears to be working, with new research showing that Spotify is now on a par with Apple for podcast shares in Germany.
  
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• How brand passion can impact consumers

  21-02-2020 01:00
  
  Brands that communicate passion for their work in ads may generate positive impacts with consumers as a result, according to a study published in the Journal of Advertising Research (JAR).
  
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• Digital OOH enjoys growth in Malaysia

  21-02-2020 01:00
  
  Malaysia 2019 OOH Adex Report by AIMs Research shows that while advertising expenditure (adex) for outdoor advertising remains consistent at 8% of the total industry adex, the market share of digital billboards increased from 2% in 2018 to 3% in...
  
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• APAC Gen Z consumers are optimistic about their futures

  21-02-2020 01:00
  
  Several studies of Generation Z consumers have indicated they are more optimistic, politically aware and socially inclusive than their elders – and these attitudes are confirmed in a new report covering nine markets in Asia-Pacific.
  
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