Sales & Marketing news

• Fed slashes main interest rate to near zero in historic move designed to cushion economic blow of coronavirus pandemic

  15-03-2020 22:27 via feedproxy.google.com
  
  The Federal Reserve slashed its main interest rates to near zero in an emergency move. It's part of a broader government effort to ease the economic effects of the coronavirus pandemic.
  The central bank also announced several other actions, including letting banks borrow from the discount window for as long as 90 days.
  President Donald Trump, who long called for the Federal Reserve to cut interest rates, said the move made him "very happy."
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• Biotech company fighting coronavirus shoots down the idea of reportedly giving US exclusive rights to vaccine

  15-03-2020 22:13 via feedproxy.google.com
  
  CureVac, a biopharmaceutical based in Germany reportedly rejected a proposal by the US to purchase the exclusive rights to a coronavirus vaccine.
  The company was approached by the Trump administration to bring the company to the US, according to German newspaper Welt am Sonntag.
  A CureVac investor told the Mannheimer Morgen newspaper that the company wanted to develop the highly-anticipated vaccine for the whole world, and not just for single countries, according to several German news reports.
  
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• Here are 20 companies Google could buy to boost its cloud business against Amazon Web Services, according to experts (GOOG, GOOGL)

  15-03-2020 14:45 via feedproxy.google.com
  
  Google Cloud CEO Thomas Kurian has said that he plans to become "at least the No. 2 cloud." To get there, the company will have to surpass Microsoft and close the gap with market-leading Amazon Web Services.
  Analysts expect making a big cloud acquisition will be the fastest way for Google to grow.
  Business Insider compiled a list below of 20 potential Google acquisition targets, according to analysts.
  Some of them are big and unlikely — including companies and businesses like Oracle Cloud,
  
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• BANK OF AMERICA: Buy these 13 cheap stocks that could skyrocket 35% or more — because they're shielded from recession and a sharp China slowdown

  15-03-2020 14:15 via feedproxy.google.com
  
  Savita Subramanian, head of US equity and quantitative strategy for Bank of America, says her firm has pulled together a list of stocks that are simultaneously low-risk and have a lot of room to rally over the next year.
  The group could help investors put together a portfolio that's relatively protected from the threats of an economic slump and a prolonged manufacturing disruption in China.
  Subramanian says many of them have already priced in a recession, which could limit their downside.
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• Investors need to brave 'ghosts of 2008' and keep cash ready amid the coronavirus sell-off, top market strategist says

  15-03-2020 13:07 via feedproxy.google.com
  The economic threat posed by coronavirus is "the perfect storm" of numerous market pressures, Rich Steinberg, chief market strategist at The Colony Group, told Markets Insider in an interview.
  The turbulent sell-offs and new risk factors seen in recent weeks are reminding investors of "the ghosts of 2008" and fueling irrational investment decisions, he added.
  Instead of freezing in their tracks, investors should shore up cash and make a "shopping list of stocks" to buy up once they hit desirable
  
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• Warren Buffett joked that he's drinking more Coke to avoid catching coronavirus

  15-03-2020 11:50 via feedproxy.google.com
  Warren Buffett is boosting his Coke consumption to stave off the new coronavirus, he joked in a Yahoo Finance interview this week.
  "I'm drinking a little more Coca-Cola actually, that seems to have warded off everything else in life," the billionaire investor said.
  The Berkshire Hathaway CEO also revealed that two doctors told him that he was in "much better shape" than a few years ago.
  However, the 89-year-old freely admitted that he's "a little more likely" to pass away this year.
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• A popular trading strategy that preserves hedge funds during stock-market crashes just failed — and Morgan Stanley warns it could change investing as we know it

  15-03-2020 11:05 via feedproxy.google.com
  
  Risk parity, an investing strategy that allocates to different asset classes based on their levels of volatility, was once hailed as "nirvana" by Morgan Stanley's equities chief.
  However, it took a severe beating as the stock market plunged last week and failed as a diversifier of risk.
  Morgan Stanley explained how this development will change investing behavior, and offered alternative hedges for future stock-market turmoil. 
  Click here for more BI Prime stories. The stock market's hi
  
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