Sales & Marketing news

• 'Shareholders come last': Billionaire entrepreneur Mark Cuban says CEOs should prioritize employees and their families in coronavirus crisis

  28-03-2020 21:03 via feedproxy.google.com
  Mark Cuban told Just Capital in an interview that shareholders should come last amid the coronavirus pandemic and employees and their families should come first. 
  "If you're a great company, your shareholders will understand and will expand their P/E out of respect, because they're all dealing with the same circumstances," he said. "If you get branded as a company that acted in bad faith, laid off all your employees, or really cut back and you took a bonus or whatever, you're going to
  
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• 'Ground to a halt': Insiders detail the struggles of trying to launch a hedge fund during a global pandemic

  28-03-2020 20:24 via feedproxy.google.com
  
  Launching a hedge fund has gotten tougher every year, but the coronavirus pandemic has significantly slowed down many fundraising conversations, industry observers say.
  New managers with name recognitions or institutional backing are also fighting in the battle for assets with firms like Baupost and D.E. Shaw, both of which re-opened funds to new capital, as well as hedge-fund-like strategies, like liquid alternatives, which come at a cheaper price and offer better liquidity.
  Still, there are pe
  
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• Stocks were so volatile this week some analysts have started pulling their S&P 500 targets

  28-03-2020 20:05 via feedproxy.google.com
  Wall Street analysts at Oppenheimer this week abandoned its S&P 500 target amid market volatility due to the coronavirus pandemic this week. 
  "In such an environment the risk and the extent of damage will vary greatly within segments of the economy and sectors of the markets causing us to suspend our target at this time," John Stoltzfus, chief investment strategist of Oppenheimer Asset Management, wrote in a March 23 note
  Analysts at Canaccord Genuity and BMO also pulled S&P 500 tar
  
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• The $2 trillion coronavirus rescue package is more than double the size of Obama's stimulus plan — but it may only salvage the economy for a few months

  28-03-2020 19:42 via feedproxy.google.com
  
  Republicans and Democrats put together a colossal $2 trillion economic relief package that provides emergency aid to both workers and businesses hard hit by the coronavirus pandemic.
  The measure is more than double the size of Obama's 2009 stimulus law aimed at jolting the economy and pulling it out of the Great Recession.
  But it may only be a down payment toward restoring the nation's economic health if the outbreak stretches into the summer and continues paralyzing the economy.
  "If we don't st
  
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• A notorious market bear says stocks are still historically expensive after tumbling on coronavirus — and warns a plunge 'of about 50% from here' is still coming

  28-03-2020 19:29 via feedproxy.google.com
  
  John Hussman — the outspoken investor and former professor who's been predicting a stock collapse — says overzealous investors that are hopping back into today's market are being imprudent.
  He cites valuations mirroring those of the peak leading up to the last financial crisis, negative market internals, and misleading reliance on measures of overextension as the basis for his judgement. 
  Hussman thinks stocks have the potential to drop 50% from today's current levels. 
  Cli
  
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• BlackRock won't charge the New York Fed fees on ETFs included in its bond-buying program

  28-03-2020 16:51 via feedproxy.google.com
  BlackRock will waive asset management fees on ETFs purchased on behalf of the Federal Reserve Bank of New York according to documents published Friday. 
  The world's largest asset manager has been engaged by the Fed on three separate programs designed to bolster the US economy amid the coronavirus pandemic. 
  BlackRock may make up to $4 million a year for managing a different portfolio of commercial mortgage-backed securities, according to a final copy of the agreement that shows annuali
  
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• The 'Dr.Doom' economist lays out 3 reasons why the coronavirus-induced US recession could become a 'Greater Depression'

  28-03-2020 16:11 via feedproxy.google.com
  
  The "Dr. Doom" economist Nouriel Roubini talked about the economic impacts of the coronavirus pandemic on a call with Influence for Good this week. 
  On the call, he laid out three things that he sees tipping the coronavirus-induced recession into a "Greater Depression" than the one seen in the 1930s. 
  Here are the three risks that he sees to the US and global economy going forward.
  Visit Business Insider's homepage for more stories.Nouriel Roubini, nick-named the Dr. Doom economist for
  
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• Ken Griffin's Citadel has sprouted a sprawling alumni network of more than 80 hedge funds. Here's our exclusive list.

  28-03-2020 15:18 via feedproxy.google.com
  
  Billionaire Citadel founder Ken Griffin has built one of the most well-known brands in hedge-fund history, and those who have worked for him have benefitted.
  A Business Insider review has found dozens of funds started by an alum of Citadel or connected to Griffin in some way.
  While Griffin isn't in the business of seeding top producers in the way Tiger Management founder Julian Robertson or George Soros were, Citadel's pod structure gives portfolio managers the chance to run a team.
  In recent ye
  
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• A $250 million day for Barclays; Snowflake's data exchange; flex-space meltdown

  28-03-2020 14:30 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 to Wall Street Insider, you can sign up here.
  Deals, IPOs, and fund launches may be slowing to a near-standstill, but work is just as busy as ever for some on Wall Street.
  Restructuring bankers are suddenly a hot commodity, and they're swamped with calls as companies look to navigate the coronavirus pandemic. Lawye
  
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