Sales & Marketing news

• Shake Shack slips 11% after revenue forecast misses lowest Wall Street estimate (SHAK)

  24-02-2020 23:00 via feedproxy.google.com
  Shake Shack plunged as much as 11% after reporting lower-than-expected revenue for its fiscal fourth quarter.
  The restaurant chain's 2020 revenue forecast also disappointed, missing the lowest estimate among Wall Street analysts.
  Shake Shack could see a dent to near-term performance from its investments in new items and locations, but "the company will ultimately benefit from this strategy," CEO Randy Garutti said in the report.
  Watch Shake Shack trade live here.
  Shake Shack reported 2020 revenu
  
  Read more

• Cash-strapped Chinese companies say they could collapse within months as coronavirus spreads

  24-02-2020 22:33 via feedproxy.google.com
  As a deadly viral outbreak halts activity across China, millions of businesses are struggling to stay afloat.
  In a recent survey of small- and medium-sized businesses across China, a third of respondents said they would only be able to cover fixed expenses for one month. 
  Another third said they expected to run out of cash within two months, while only 10% said they would be able to hold out through the second half of the year.
  Visit Business Insider's homepage for more stories.
  As a deadly
  
  Read more

• US stocks drop the most in 2 years as coronavirus fears rattle traders

  24-02-2020 22:13 via feedproxy.google.com
  US stocks were swept up in a global sell-off on Monday as investors grappled with spreading coronavirus fears.
  The Dow Jones industrial average plummeted as much as 1,080 points — or 3.7% — on Monday. That erased the index's gains for the year.
  The S&P 500 slid 3.4%, its biggest loss since February 2018.
  Meanwhile, the Cboe Volatility Index — or VIX, widely known as the stock market's fear gauge — spiked as much as 54% to levels not seen since early 2019.
  The flight o
  
  Read more

• The market's favorite recession indicator flashed its starkest warning since October amid the coronavirus outbreak

  24-02-2020 22:12 via feedproxy.google.com
  On Monday, the curve inversion between 3-month and 10-year US Treasury bond yields fell to its most negative point since October amid concern over the coronavirus outbreak. 
  The yield on the 10-year US Treasury fell to 1.3% as prices rallied, below the 3-month US Treasury at 1.5%. 
  "Investors are pretty pessimistic about future US GDP growth and interest rates," Dev Kantesaria of Valley Forge Capital Management said in an interview with Markets Insider. 
  Read more on Business Insi
  
  Read more

• Advertisement

• Emergency rate cuts won't be enough to save the unstable stock market, top market strategist warns

  24-02-2020 21:44 via feedproxy.google.com
  Traders are boosting their bets on central banks cutting rates as coronavirus deaths spike, but such policy won't do much for stock markets, Seema Shah, chief investment strategist at Principal Global Investors, said Monday.
  Rate cuts primarily strengthen borrowing and, in turn, demand. Such policy won't insulate markets "against supply-side concerns," Shah wrote in an emailed statement.
  Investors should pivot to protecting their portfolios and avoid buying stocks at lower prices, she added, as
  
  Read more

• These were the 10 most-held stocks in hedge funds last quarter (AAPL)

  24-02-2020 20:00 via feedproxy.google.com
  The fourth quarter's disclosures for large investment funds were filed by February 15. For the equities world, they offer insight into how interested the sector is in stocks as an asset overall, and which companies in particular are garnering attention. 
  An analysis from Novus that aggregated 13-F filings found that hedge funds collectively hold about the same amount of stocks, by market value, as in the third quarter. And the most attractive companies across firms stayed relatively simila
  
  Read more

• Goldman Sachs slashes its first-quarter GDP forecast amid latest coronavirus chaos

  24-02-2020 19:50 via feedproxy.google.com
  Goldman Sachs lowered its US gross domestic product forecast for the first quarter to 1.2%, down from 1.4% previously, according to a client note on Monday.
  The forecast cut comes amid concern that the coronavirus will limit global growth and be a negative demand on US supply and demand.
  Still, Goldman expects that US GDP will recover in the second quarter of the year and reach 2.7% for the period.
  Read more on Business Insider.
  Goldman Sachs cut its expectations for first-quarter US gross domes
  
  Read more

• Traders triple their expectations of further interest-rate cuts as coronavirus fears snowball

  24-02-2020 19:28 via feedproxy.google.com
  Traders are pricing in two rate cuts from the Federal Reserve, despite its guidance to the contrary, Bloomberg reported.
  That's as risk markets sold off, with the Dow dropping 1000 points at the start of Monday.
  Visit Business Insider's homepage for more stories.Traders are betting that coronavirus will force central banks to do what many have said they won't in 2020: cut rates. 
  Bloomberg reported that markets expect a 205-basis-point interest rate cut from seven major central banks by the
  
  Read more

• Advertisement

• Steve Jobs would have been 65 on Monday. Here's how the late Apple CEO saved the company from disaster and set it on the path to a $1 trillion valuation. (AAPL)

  24-02-2020 19:24 via feedproxy.google.com
  
  When Steve Jobs returned to Apple in 1996, the company was in dire straits. 
  He quickly staged a boardroom coup, becoming CEO once again and working to turn the company around via new products and an investment from Apple's main rival, Microsoft. 
  During Jobs' tenure, Apple launched the iMac, iBook, iPod, Mac OS X, iPhone, iPad, and more. These days, the company is worth over $1 trillion.
  Jobs, who died in 2011 from pancreatic cancer, would have turned 65 on Monday. 
  Visit Busines
  
  Read more

• Drug developer Gilead soars to 16-month high after WHO official says its experimental treatment is best shot for fighting coronavirus (GILD)

  24-02-2020 19:20 via feedproxy.google.com
  Biotech company Gilead soared as much as 6.9% Monday morning after a World Health Organization official made a hopeful comment on its experimental coronavirus treatment.
  The drug developer's remdesivir compound is the "one drug right now that we think may have efficacy," Bruce Aylward, an assistant director-general at the WHO, said Monday, Bloomberg reported.
  The jump comes amid a broad market slump fueled by coronavirus' rising death toll outside China.
  Watch Gilead trade live here.
  Shares of d
  
  Read more

• Wall Street's top cannabis analyst just leveled a stark warning about Canadian cannabis companies and reveals the 3 stocks you should avoid

  24-02-2020 18:39 via feedproxy.google.com
  
  Wall Street is warning against Canadian cannabis stocks.
  In a Monday morning note, Cowen analyst Vivien Azer downgraded a group of major Canadian cannabis companies after a few disappointing quarters.
  Azer and other analysts still picked Canopy Growth as the industry leader in Canada, though they said Canadian companies are lagging behind their US cannabis counterparts. Her top pick in the US: Green Thumb Industries.
  Click here for more BI Prime stories.Wall Street just leveled a stark warning a
  
  Read more

• Warren Buffett has traded his flip phone for an iPhone, and says Apple is 'probably the best business I know in the world'

  24-02-2020 18:32 via feedproxy.google.com
  Warren Buffett told CNBC's Becky Quick in a Monday television interview that Apple is "probably the best business I know in the world."
  The "Oracle of Omaha" also said that he has finally traded in his old flip phone for an iPhone. 
  He called the smartphone an "incredibly useful product to people that grows more useful."
  Watch Apple trade live on Markets Insider.
  Read more on Business Insider.
  At 89 years old, Warren Buffett has finally switched to an Apple iPhone. 
  "My flip phone is p
  
  Read more

• Fidelity and Charles Schwab say some users ran into technical issues in early trading as stocks tanked the most since August

  24-02-2020 18:01 via feedproxy.google.com
  Fidelity and Charles Schwab apologized to clients Monday morning after technical issues kept users from executing trades during the worst market slump in months.
  Users took to Twitter with complaints about login errors, their accounts incorrectly showing a $0.00 balance, and delays in filling orders.
  Monday's open saw the Dow Jones Industrial Average sink nearly 1,000 points as a spike in coronavirus cases outside of China ratcheted up fears of a slowdown in global growth.
  Schwab, which announce
  
  Read more

• The White House is preparing to ask Congress for emergency funding as coronavirus hits the US

  24-02-2020 17:52 via feedproxy.google.com
  The Trump administration is preparing to ask Congress for an emergency funding package to battle the coronavirus.
  But the administration remained undecided on Monday on the amount of funding it would request to counter the outbreak.
  "This stuff is always messy," said a senior administration official with direct knowledge of the matter. 
  Visit Business Insider's homepage for more stories.
  The Trump administration is preparing to ask Congress for an emergency funding package to battle the nov
  
  Read more

• Wednesday is best day for cross-Europe TV campaigns

  24-02-2020 01:00
  
  Many European brands, and an increasing number of US companies, run TV ad campaigns across multiple countries in Europe and now they can access the results from a new study that identifies key performance trends in 12 markets.
  
  Read more

• PhonePe and Paytm to pump US$278m into 2020 marketing efforts

  24-02-2020 01:00
  
  India-born digital payment companies PhonePe and Paytm plan to spend a combined Rs 2,000 crore (US$278m) on marketing this year, according to top executives at these firms.
  
  Read more

• MikMak launches tool linking influencers and ads to sales

  24-02-2020 01:00
  
  MikMak, a video e-commerce platform that lets consumers shop directly from social media, is launching a new analytics dashboard that is said to be able to track whether digital ads and influencer content really drive sales.
  
  Read more

• Coronavirus triggers huge demand for app downloads

  24-02-2020 01:00
  
  China’s coronavirus outbreak has forced millions of people to confine themselves in their homes and this in turn has prompted record downloads of apps and games, according to new data.
  
  Read more

• Big brands can learn from small businesses on Facebook

  24-02-2020 01:00
  
  Big brands could learn some valuable insights by understanding how small businesses leverage Facebook to engage with consumers, according to Mark D’Arcy, the social network’s chief creative officer.
  
  Read more

Follow @sales_mrktinguk on Twitter!