Sales & Marketing news

• Warren Buffett counts Bill Gates, LeBron James, and George Lucas among his investors. Here are 10 famous Berkshire Hathaway shareholders.

  07-03-2020 18:06 via feedproxy.google.com
  Warren Buffett's Berkshire Hathaway counts many rich and powerful people among its shareholders.
  Basketball legend LeBron James, "Star Wars" creator George Lucas, and Microsoft founder and philanthropist Bill Gates all trust the billionaire investor to grow their fortunes.Here are 10 of Berkshire's most famous shareholders.
  Visit Business Insider's homepage for more stories.Warren Buffett is a self-made billionaire nicknamed the "Oracle of Omaha" for his investing prowess. His Berkshire Hathaway
  
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• Wall Street coronavirus policies; alt-data's unhedgeable risk; JPMorgan succession planning in the spotlight

  07-03-2020 15:27 via feedproxy.google.com
  
   
   
  Welcome to Wall Street Insider, where we take you behind the scenes of the finance team's biggest scoops and deep dives from the past week. 
  If you aren't yet a subscriber, you can sign up here.
  Travel bans, rotating teams, and contingency planning as the coronavirus spreads
  We've been breaking news all week about how Wall Street is responding to the global spread of coronavirus, including international travel restrictions from Morgan Stanley; Goldman Sachs switching a 400-per
  
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• Accounting industry watchdogs point to widespread problems, and 2 whistleblowers say nothing gets fixed because insiders have good reason to fear speaking out (MAT)

  07-03-2020 15:00 via feedproxy.google.com
  
  The accounting industry is doing a poor job of auditing public companies, according to watchdog groups, a problem that threatens to undermine public confidence in the stock market and could cause a financial crisis. 
  The problems persist in part because few in the know are willing to speak out.
  There's a reason for that, two former whistleblowers say — those who raise alarms about accounting problems face a personal toll, including to their careers and their family lives.
  Both Brett W
  
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• Stocks are fresh off their most chaotic week since 2011. Here's why the market is so confused about what's next.

  07-03-2020 14:08 via feedproxy.google.com
  The stock market just posted its most volatile seven-day streak in nearly a decade, and many experts expect the wild market swings to persist.
  Markets closed Friday having almost wiped all month-to-date gains. Both the S&P 500 and Dow Jones industrial average finished the week in correction territory.
  Some experts pointed to algorithmic trading as a dangerous accelerant of volatility, while others looked to past instances to find where stocks could bottom out.
  Keeping an eye on economic data
  
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• From travel bans to disaster-recovery sites, here's everything we know about how Wall Street banks are handling the spread of coronavirus

  07-03-2020 13:14 via feedproxy.google.com
  
  The spread of coronavirus has sent Wall Street banks scrambling to put in place policies to protect workers and clients and make sure business can carry on with as little disruption as possible. 
  The changes come as financial markets are being rocked by worries about the economic impact of supply-chain disruption and containment measures.
  And the first emergency rate cut by the Federal Reserve since the financial crisis has put even more pressure on banks. 
  Here's a look at the latest
  
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• A notorious market bear says investors are making a classic error at the worst possible time — and warns coronavirus 'chaos' could kickstart a 67% market crash

  07-03-2020 12:05 via feedproxy.google.com
  
  John Hussman — the outspoken investor and former professor who's long predicted a stock collapse — sees investors making a classic error that tends to coincide with peaks in speculation.
  He says the latest short-term rallies in the market are due to compression and oversold conditions. And he warns investors not to conflate these movements with the larger, secular cycle.
  He thinks the coronavirus could further suppress investor appetite for risk, and says "Fed easing does not stop a
  
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