Sales & Marketing news

• 'Brace for turbulence': Silicon Valley VC firm Sequoia Capital calls coronavirus the 'Black Swan of 2020' that every startup founder needs to prepare for

  05-03-2020 23:42 via feedproxy.google.com
  
  Sequoia Capital, the prestigious VC firm that famously warned startups about the 2008 financial crisis, published a memo on Thursday urging startup founders to prepare for business disruptions.
  The memo was titled "Coronavirus: The Black Swan of 2020," a reference to an unpredictable, game-changing event. 
  "It will take considerable time — perhaps several quarters — before we can be confident that the virus has been contained," the memo read. 
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• The White House balks at recession fears as coronavirus outbreak hits US economy

  05-03-2020 23:09 via feedproxy.google.com
  The coronavirus outbreak has threatened to upend the longest US expansion in history.
  But President Donald Trump has so far steered clear of stimulus measures that past administrations pursued during times of crisis.
  The White House has not proposed any official plan to address the stock-market gyrations and growth downgrades that have followed the spread of COVID-19.
  Visit Business Insider's homepage for more stories.
  As the coronavirus outbreak threatens to upend the longest US expansion in hi
  
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• Cruise giant Carnival has seen its market value plunge by nearly 50% since the coronavirus outbreak started (CCL)

  05-03-2020 22:21 via feedproxy.google.com
  Carnival shares tumbled as much as 15% on Thursday after the firm announced a second coronavirus-related lockdown on one of its ships.
  The cruise line has now erased nearly half of its market value since the coronavirus outbreak began.
  The company issued a partial lockdown of passengers on its Grand Princess ship on Wednesday after one former passenger died to COVID-19 and another tested positive for the virus.
  The outbreak has dragged heavily on the tourism and travel sectors as itineraries are
  
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• Dow slides 970 points as coronavirus continues to hit fear-filled markets

  05-03-2020 22:10 via feedproxy.google.com
  All major US stock indexes slipped on Thursday as new coronavirus deaths in the US intensified fears of the outbreak dragging on economic activity.
  California declared a state of emergency following its first virus-related death on Wednesday.
  The S&P 500 slid roughly 3.4%, while the Dow Jones industrial average tumbled by more than 950 points.
  The market decline follows a fruitful Wednesday session when all three major indices climbed by about 4%.
  Visit Business Insider's homepage for more s
  
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• US stocks could fall another 11% into bear market territory if coronavirus continues to hit global growth, MSCI says

  05-03-2020 21:06 via feedproxy.google.com
  US equities could fall another 11% from March 3 levels, according to a recent analysis from MSCI. 
  MSCI's model assumes that short-term growth drops 2% while equity risk premium increases 2% in response to heightened uncertainty from the coronavirus outbreak.
  A typical multi-asset global portfolio with 60% stocks and 40% bonds could lose another 7%, according to the report. 
  Read more on Business Insider.
  If the coronavirus outbreak continues to spread and hammer global growth, US equi
  
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• Senate passes $8 billion emergency coronavirus package, sending it to Trump's desk

  05-03-2020 20:11 via feedproxy.google.com
  The Senate on Thursday approved a roughly $8 billion emergency funding deal to address the coronavirus outbreak.
  It was the latest step in a race to contain an outbreak that has killed nearly a dozen people in the US.The legislation's quick turnaround underscored a sense of urgency in Washington as policymakers scramble to respond to the outbreak.
  Visit Business Insider's homepage for more stories.
  The Senate on Thursday approved a roughly $8 billion emergency funding deal, the latest step in a
  
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• Amazon's advertising boss now reports directly to Jeff Bezos, a change that shows how serious of a threat it is to Google's and Facebook's core business (AMZN)

  05-03-2020 20:07 via feedproxy.google.com
  
  Paul Kotas, the senior vice president of Amazon Advertising, now reports directly to CEO Jeff Bezos, Business Insider has learned.
  The change comes amid the one-year leave of Senior Vice President Jeff Blackburn, who ran a vast portfolio of businesses, including advertising and video streaming. 
  Mike Hopkins, the newly hired senior vice president of Amazon Studios and Prime Video, and Paul Krawiec, who runs the corporate-development team, were also added to Bezos' inner circle last month.
  T
  
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• Here are 3 previously unthinkable ideas Elizabeth Warren thrust into the mainstream before ending her 2020 campaign

  05-03-2020 19:51 via feedproxy.google.com
  Warren dropped out of the presidential race on Thursday, ending a campaign defined by progressive plans to roll back inequality in the US.
  She withdrew from the race after a series of devastating defeats on Super Tuesday.
  The Massachussetts senator had a vision to tilt the scales of power away from businesses and the wealthy.
  She thrust the wealth tax, student debt reduction, and universal childcare into the political mainstream.
  Visit Business Insider's homepage for more stories. 
  Sen. Eli
  
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• These 15 stocks are poised to gain in a market reeling from coronavirus, UBS says

  05-03-2020 19:20 via feedproxy.google.com
  Even though markets have been rocked with volatility as investors panic that a coronavirus outbreak could hurt global growth, there are some stocks poised to gain, according to UBS. 
  UBS isn't predicting the duration of the market choppiness or the depth of economic impact, it said in a Thursday note. 
  Here are 15 stocks that UBS says have attractive risk-reward going forward. 
  Read more on Business Insider.
  Even amid market volatility and a sharp sell-off due to panic that the co
  
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• 'What if this is the thing that brings it down?': A Wall Street investment chief explains how the stock market's coronavirus-induced sell-off could push the US into a recession

  05-03-2020 19:16 via feedproxy.google.com
  
  Doug Ramsey, the chief investment officer at Leuthold Group, thinks the coronavirus could be the variable that finally pushes the US into a recession.
  He backs up his thesis by citing economic narratives, an increasing number of recessionary precursors stacking up, and valuations on the higher side of the historical average.
  Ramsey thinks that if the sentiment-driven economic narrative starts to wane as coronavirus fears flare, the US could be forced into a recession.
  "That's why I'm so concerne
  
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• Short-sellers reaped $51 billion in just 7 days as markets tanked on coronavirus panic

  05-03-2020 19:16 via feedproxy.google.com
  Short-sellers were up $51.3 billion in mark-to-market gains as markets tanked from February 24 to March 3, according to a Wednesday report from the financial-analytics firm S3 Partners.
  As markets fell on concerns that the coronavirus outbreak would hinder global growth, there was an additional nearly $15 billion of broad short selling in the week, S3 data showed.
  Markets gained on Wednesday, meaning that additional short selling "may have a short lifespan, but a profitable one if shorts cover i
  
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• Long-term mortgage rates tumble to record low as coronavirus rattles investor nerves

  05-03-2020 19:16 via feedproxy.google.com
  The average 30-year fixed-rate mortgage fell to 3.29% from 3.45% this week, according to data published on Thursday by Freddie Mac.
  It's the lowest rate in nearly 50 years of tracking, according to the report.
  Mortgage rates loosely follow US Treasury bond yields, which have also fallen to new lows as investors rush to buy the safe-haven assets amid panic that a coronavirus outbreak will hurt the US economy.
  Read more on Business Insider.
  Potential homeowners are getting a boost as the coronavir
  
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• SAP has cancelled all in-person events and says bookings on its Concur travel platform is down 20% due to coronavirus crisis (SAP)

  05-03-2020 19:15 via feedproxy.google.com
  
  SAP has cancelled all "in-person events" including major conferences scheduled this month in Orlando and Las Vegas in response to the coronavirus crisis.
  The German tech giant also said it has seen a 20% drop in transactions on its Concur travel management platform due to the health crisis.
  Visit Business Insider's homepage for more storiesSAP said Thursday that it has cancelled all "in-person events," including upcoming conventions in Orlando and Las Vegas this month, due to the coronavirus cri
  
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• One of the world's best large-cap investors calls these 3 companies some of his top bets — because he thinks they'll grow profits twice as fast as the broader market

  05-03-2020 19:13 via feedproxy.google.com
  
  Ken Stuzin sets a high bar for mutual-fund investments.
  He bets only on companies that will consistently double the earnings growth of the broader market.
  His fund has outperformed during the coronavirus-linked sell-off, and it also ranks as one of the best in the world over the past five years.
  Stuzin told Business Insider about three picks that he believes will keep the fund at the top because of their strong growth — even if the stocks have pulled off big rallies in recent years.
  Visit
  
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• Activist hedge fund Elliott Management's attack on Jack Dorsey is the first shot in brutal new reality for tech founder CEOs who have lost their protective halo (TWTR, BOX)

  05-03-2020 18:56 via feedproxy.google.com
  
  Public investors have long treated founder CEOs of tech companies with a kind of deference not enjoyed by other heads of companies.
  But the attempt by an activist shareholder to oust Jack Dorsey from his CEO seat at Twitter may indicate that era is coming to an end, business experts told Business Insider.
  Dorsey is a Silicon Valley icon and was long thought to be the only person who could make Twitter work, but the company's stock price has been flat since he started and the social network has b
  
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• Morgan Stanley is moving about half of its Wall Street traders to its disaster-recovery site outside NYC to prep for the coronavirus spread

  05-03-2020 17:58 via feedproxy.google.com
  
  As the coronavirus has spread in recent days, Morgan Stanley is shifting about half of its institutional-securities traders to its disaster-recovery site in Westchester County, New York, according to a person familiar with the situation.
  The bank's plans come days after it halted employees' nonessential international travel amid the outbreak.
  Visit BI Prime for more stories.Morgan Stanley is shifting about half of its institutional-securities traders to its disaster-recovery site in Westchester,
  
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• Here are 10 must-listen podcasts that can help you master investing, from day-trading to real estate

  05-03-2020 17:57 via feedproxy.google.com
  
  Business Insider put together a list of 10 must-listen investing podcasts that can help anyone master the markets.
  Listeners can expect unprecedented access to investment legends, winners of the Nobel Memorial Prize in Economic Sciences, billionaire CEOs, and much more.
  The long-form nature of these podcasts provides investors with a unique and thorough vetting of ideas that are pushing the investment ethos forward. 
  The hosts of these 10 podcasts shared with us their assorted wisdom on the
  
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• One Wall Street firm says approval for Gilead's experimental coronavirus treatment is a coin-flip bet at best — but still thinks you should buy the stock right now (GILD)

  05-03-2020 17:55 via feedproxy.google.com
  Gilead's experimental coronavirus treatment has a 50/50 chance at gaining approval at best, RBC Capital Markets analysts wrote Wednesday.
  The biotech company soared amid the late February downturn after a World Health Organization official deemed its remdesivir compound the best bet yet to combat the epidemic.
  Though the drug's success is a coin-flip bet, Gilead's HIV drug franchise and antivirals success "help solidify a new valuation floor for shares," the bullish analysts wrote, deeming it a
  
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• 'Interesting tightrope to be on': PayPal's credit chief balances coronavirus threat against healthy consumer demand

  05-03-2020 17:22 via feedproxy.google.com
  PayPal is balancing robust consumer confidence against the mounting coronavirus threat.
  "You have the strongest consumer we've ever known," PayPal's global credit chief, Darrell Esch, said at a conference this week. "Then on the other hand, you've got this pandemic risk."
  Wage growth and low unemployment have fueled consumer demand, but coronavirus fears caused the S&P 500 to suffer its fastest correction since the Great Depression last week.
  "It is an interesting tightrope to be on right no
  
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• Stocks tumble as coronavirus fears overpower stimulus efforts

  05-03-2020 17:09 via feedproxy.google.com
  US and European stocks dropped on Thursday as coronavirus fears outweighed stimulus efforts.
  US lawmakers approved $8 billion, Chinese finance ministers allocated $16 billion, and the International Monetary Fund earmarked $50 billion to combat the epidemic.
  Rate cuts and government cash may not prevent coronavirus from disrupting businesses and supply chains, eroding consumer demand, and weakening global growth.
  "Investors have stopped backing riskier assets once again as they lose their optimis
  
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• Why COVID-19 should make marketers rethink how they work

  05-03-2020 01:00
  
  That traditional planning techniques are poor at dealing with change becomes all too apparent when something like coronavirus hits, but such a crisis can offer the chance to introduce new ideas and approaches, an Agile coach argues.
  
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• Ulta Beauty ramps up multicultural focus

  05-03-2020 01:00
  
  Ulta Beauty, the retailer, has put a multicultural positioning at the heart of its strategy as it looks to better serve its target audience.
  
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• TikTok India forecasts ‘at least’ 50% user growth in 2020

  05-03-2020 01:00
  
  The rise and rise of TikTok continues, this time in India, where it forecasts the number of users will grow by over 50% this year.
  
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• The brand as a visual construct

  05-03-2020 01:00
  
  The behaviour of the consumer in the real world rarely corresponds with marketers’ predictions, thanks in part to the way the human brain filters the huge amount of information thrown at it daily.
  
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• Gen Z love Instagram and YouTube but still enjoy shopping in store

  05-03-2020 01:00
  
  Instagram reigns supreme for Generation Z when it comes to discovering new looks and trends in the health and beauty sector – but they still crave the in-store buying experience, new research finds.
  
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