Sales & Marketing news

• Waymo just announced its first-ever outside funding with $2.25 billion — and its CEO said spinning off from Alphabet is 'certainly a possibility'

  02-03-2020 23:38 via feedproxy.google.com
  
  Waymo announced its first-ever outside funding round on Monday — $2.25 billion.
  Waymo CEO said that the round was an "initial" funding, with potentially more to come, and that a spinofff from Alphabet was "certainly a possibility in the future."
  The round was led by investors Silver Lake, Canada Pension Plan Investment Board, and Mubadala Investment Company, the company said.
  Waymo didn't announce a valuation for the company based on the round.
  Visit Business Insider's homepage for more st
  
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• Key Trump advisers want the Fed to hold an emergency meeting to slash rates

  02-03-2020 22:36 via feedproxy.google.com
  The White House has put hopes for lower interest rates at the center of its efforts to combat the economic fallout from the coronavirus. 
  Key advisers want the central bank to slash interest rates before the next scheduled policy meeting in mid-March, Bloomberg first reported.
  Increasingly troubled by an economic slowdown ahead of the Nov. 3 election, the White House has floated stimulus proposals but no official plan has been released.
  Visit the Business Insider homepage for more stories.
  
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• Coronavirus chaos creates an 'attractive entry point' for internet stocks, UBS says

  02-03-2020 22:22 via feedproxy.google.com
  Investors looking to buy the dip amid coronavirus volatility should shift cash to internet stocks, UBS analysts said Friday.
  The outbreak has driven spikes in the usage of online streaming, tutoring, and medical consultation services, and the risk of increased time indoors could further boost the sector, according to the bank.
  The sector faces risks from antitrust regulation around big tech firms and connections to the travel industry, the bank warned.
  UBS recommends exposure to the Nasdaq Inter
  
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• Millennials' favorite stock app Robinhood was offline for an entire day of trading, locking out users as the Dow Jones made its biggest point gain ever

  02-03-2020 22:15 via feedproxy.google.com
  
  Robinhood, the trading app popular with millennials, experienced a major outage on Monday that locked out iOS, Android, and web users for nearly the entire day of trading.
  The outage came just as the market rebounded from one of the worst weeks since the financial crisis.
  Robinhood users are furious — and some are demanding the company reimburse them for the day of missed trading.
  Robinhood emailed users at close saying it's "working as hard as we can to resume service."Visit Business Insi
  
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• GOLDMAN SACHS: Commodities markets are facing their biggest demand shock since the financial crisis

  02-03-2020 21:23 via feedproxy.google.com
  The coronavirus-fueled factory shutdowns in China are disrupting commodities markets the most since the 2008 financial crisis, Jeff Currie, head of global commodities research at Goldman Sachs, wrote in a Friday note.
  The pause to major manufacturing efforts shrank oil demand by 4 million barrels per day, Currie wrote, adding that the demand hit in 2008 reached 5 million barrels per day.
  "Stock" commodities such as aluminum and steel can see their demand deferred until production returns to full
  
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• Another VP flees Uber amid a spate of high-level departures (UBER)

  02-03-2020 21:17 via feedproxy.google.com
  
  A top engineering manager at Uber departed the company recently, insiders told Business Insider. 
  Matthew Mengerink, the vice president of core-infrastructure engineering, has been replaced on an interim basis by Facebook veteran Sumanth Sukumar, a representative said. 
  Other vice presidents who have left in recent months include those in charge of Uber Eats and New Mobility.
  Click here for more BI Prime articles.Matthew Mengerink, the vice president of engineering for Uber's core-infr
  
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• Salesforce is suspending non-essential travel for its nearly 50,000 employees and 'enhancing' its 'office protocols' to fight the coronavirus spread

  02-03-2020 20:50 via feedproxy.google.com
  
  Salesforce is suspending non-essential travel for its 49,703 employees around the world and enhancing "office protocols" amid worries about the coronavirus disease, COVID-19.
  Salesforce is also making all its upcoming customer events in March digital experiences instead of in person events. 
  It is also asking all employees to stay home if they are experiencing "symptoms of illness of any kind" and are encouraging everyone to get a flu shot. 
  Visit Business Insider's homepage for m
  
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• Morgan Stanley warns it's too early to buy Tesla's stock — even after a coronavirus-led plunge of more than 20% (TSLA)

  02-03-2020 20:37 via feedproxy.google.com
  Tesla shares shed as much as 27% from February highs through the end of the month amid a coronavirus-related market selloff. 
  It might be too early to buy the dip, according to Adam Jonas of Morgan Stanley. 
  "We recommend investors look for a potential disruption in the positive narrative around 1Q results as a chance to revisit the stock," Jonas wrote in a Monday note. 
  Watch Tesla trade live on Markets Insider.
  Read more on Business Insider.
  Tesla stock fell to a one-month low o
  
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• G7 countries could team up to shield the global economy from further coronavirus damage

  02-03-2020 20:13 via feedproxy.google.com
  The world's major powers are considering a coordinated response to shield the global economy from further fallout.
  French Finance Minister Bruno Le Maire said Monday G7 leaders would discuss coordination with other Group of Seven leaders on a phone call this week.
  Governments and businesses have scrambled to contain its spread, disrupting business operations and raising broader concerns about the world economy. 
  Visit the Business Insider homepage for more stories.
  As concerns about the cor
  
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• Apple will pay up to $500 million to end a lawsuit claiming it intentionally slowed down iPhones (AAPL)

  02-03-2020 19:52 via feedproxy.google.com
  
  Apple has agreed to pay up to $500 million to settle a lawsuit accusing it of intentionally slowing down certain iPhone models, as first reported by Reuters.
  The class action lawsuit claimed Apple capped performance on older iPhones to encourage consumers to upgrade.
  Apple said its updates were intended to prevent aging batteries from causing the phones to malfunction.
  The company faced intense backlash in 2017 after admitting the updates slowed down phones, and has faced fines previously over t
  
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• Why a coronavirus-driven recession would be a unique beast — and why the normal playbook might not work

  02-03-2020 19:08 via feedproxy.google.com
  The ongoing coronavirus outbreak could result in a dangerous and unique type of global economic recession.
  The outbreak has already crippled spending activity in China and prompted widespread factory shutdowns, harming both supply and demand in the economic superpower — and infecting economic operations worldwide.
  Central banks are normally well-positioned to boost demand through rate cuts. But the "supply shock" posed by coronavirus complicates matters considerably, according to Morgan St
  
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• Elizabeth Warren just proposed a $400 billion stimulus package to fight the fast-spreading coronavirus. Here are the full details.

  02-03-2020 19:00 via feedproxy.google.com
  Warren released a new plan Monday to combat the coronavirus, which is spreading around the US.
  She is calling on Congress to enact a $400 billion spending package to limit the economic damage from the virus.
  "I've been worried that our economy is heading towards another crash— and coronavirus is already a serious economic threat," Warren said on Twitter.
  Visit Business Insider's homepage for more stories.
  Sen. Elizabeth Warren released a new plan on Monday to combat the fast-spreading coro
  
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• Morgan Stanley breaks down 3 scenarios around how coronavirus will impact stocks and the overall economy

  02-03-2020 18:51 via feedproxy.google.com
  In a Monday note, a group of strategists at Morgan Stanley wrote that they are "cautiously optimistic" that the market will rebound from oversold conditions due to coronavirus panic.
  Still, the strategists don't expect stocks to have the same momentum as they did before last week's slide into correction territory. 
  Here are three scenarios Morgan Stanley sees for the coronavirus outbreak going forward, and what each would mean for stocks and the US economy. 
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• Morgan Stanley details its 4-part buying strategy designed to profit from a stock-market rebound after the recent coronavirus meltdown

  02-03-2020 18:22 via feedproxy.google.com
  
  Last week's stock-market slump was an "indiscriminate" sell-off that created oversold conditions, according to Mike Wilson, the chief US equity strategist of Morgan Stanley. 
  He does not expect a swift recovery to all-time highs because of the unpredictable nature of the coronavirus outbreak.
  Wilson still recommends a four-part strategy that involves buying quality stocks and the most oversold names.
  Click here for more BI Prime stories.Stocks on Monday began the attempt to recover from the
  
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• 'There's nothing really to be relieved about': Stocks whipsaw as coronavirus fears offset stimulus hopes

  02-03-2020 18:02 via feedproxy.google.com
  Stocks whipsawed on Monday as fears of a coronavirus pandemic threatened to offset central bankers' promises to protect their economies.
  US, Japanese, and British authorities said they would intervene as needed to provide liquidity and stabilize markets.
  Italian officials plan to spend 3.6 billion euros ($4 billion) to combat the virus' economic impact.
  "There's nothing really to be relieved about," one analyst warned.
  Visit Business Insider's homepage for more stories.Stocks whipsawed on Monday
  
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• Trump plans to order millions of masks from 3M to combat coronavirus, and it could fuel a $1 billion sales boost for the company

  02-03-2020 17:58 via feedproxy.google.com
  The Trump administration plans to order millions of masks from 3M to combat coronavirus.
  The contract could underpin more than $1 billion in coronavirus-related sales for the industrial-products titan.
  3M raked in about $350 million in revenue from the H1N1 or "swine flu" pandemic in 2009.
  Doubling or tripling that figure during the coronavirus outbreak is "not a crazy stretch," a stock analyst told Business Insider.
  Visit Business Insider's homepage for more stories.The Trump administration pla
  
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• Trump slams Fed as 'slow to act' as coronavirus threatens US economy

  02-03-2020 17:48 via feedproxy.google.com
  President Donald Trump lashed out at the Federal Reserve early Monday as concerns about the economic impact of the coronavirus mounted. 
  He argued that the central bank has put the US at a disadvantage amid the outbreak.
  "As usual, Jay Powell and the Federal Reserve are slow to act," the president wrote on Twitter, referring to his handpicked chairman of the central bank. 
  Visit the Business Insider homepage for more stories.
  President Donald Trump lashed out at the Federal Reserve ear
  
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• A key gauge of China's economy plummeted to its weakest since 2004 — and the entire world is on notice

  02-03-2020 17:06 via feedproxy.google.com
  China's manufacturing-purchasing-managers index fell to 35.7 in February, the lowest since the survey began in 2004, according to data released by the National Bureau of Statistics on Saturday.
  The dismal number came amid a coronavirus outbreak that has slowed economic activity in China and disrupted supply chains.
  Now the world is on high alert as the virus spreads to other countries.
  On Monday, the Organization for Economic Cooperation and Development said the virus had put the world economy i
  
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• Mayor Pete's awkward embrace of billionaires wasn't a moral disagreement with Bernie Sanders, it was a failed campaign strategy

  02-03-2020 16:45 via feedproxy.google.com
  
  Former South Bend, Indiana, Mayor Pete Buttigieg ended his bid to become the Democratic nominee for president Sunday.
  Buttigieg had faced sharp criticism from progressives, led by Bernie Sanders, for accepting campaign donations from 56 billionaires, but he said their money was just another tool to help him defeat Donald Trump.
  #PetesBillionaires trended on Twitter in February after Sanders read aloud (and tweeted) a list of headlines calling Pete Buttigieg a "big business candidate" that "
  
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• After the sudden resignation of CEO Matt Levatich, Harley-Davidson has no choice but to retrench around its core business (HOG)

  02-03-2020 16:41 via feedproxy.google.com
  
  Matt Levatich stepped down as Harley-Davidson CEO after more than two decades with the iconic motorcycle maker.
  The Harley board appointed an interim CEO and undertook a search for a new leader.
  Levatich's resignation should end Harley's efforts to once again reinvent itself amid sliding US sales and an aging customer base.
  Visit Business Insider's homepage for more stories.Harley-Davidson CEO Matt Levatich abruptly resigned last Friday, replaced by board member Jochen Zeitz while the iconic mot
  
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• WARC Prize for MENA Strategy 2020: update

  02-03-2020 01:00
  
  Senior agency strategists and executives from brands including Google, Nestlé and Nissan have been added to the jury panel for this year’s WARC Prize for MENA Strategy, bringing further regional expertise to the judging process.
  
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• Walmart plans a competitor to Amazon Prime

  02-03-2020 01:00
  
  Retail giant Walmart is planning to unveil a subscription service in the US that could amount to a direct challenge to Amazon Prime, which has done so much to disrupt the retail sector since its launch in 2005.
  
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• UK advertising industry launches new export initiative

  02-03-2020 01:00
  
  The UK’s leading advertising and marketing trade bodies have joined forces to create the UK Advertising Export Group (UKAEG) to drive business in key international markets and showcase the best of the industry on the world stage.
  
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• Two-thirds of Chinese businesses remain confident

  02-03-2020 01:00
  
  The great majority (96.
  
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• TV viewers just want ease of access to content

  02-03-2020 01:00
  
  Even though the range of services and devices for watching TV has proliferated in recent years, broadcast networks and advertisers should be aware that most viewers don’t care about the technology provided they get to watch what they want.
  
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• JetBlue, Spike Lee and pizza: an ongoing influencer tale

  02-03-2020 01:00
  
  JetBlue believes influencer marketing has to be connected to deeper marketing goals rather than simply being tactical, as the airline demonstrated in a tie-up with filmmaker Spike Lee.
  
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