Sales & Marketing news

• New York-area business activity fell to 'historic lows' in early April, the New York Fed says

  18-04-2020 23:29 via feedproxy.google.com
  
  Two indicators of business activity in the New York area fell to the lowest levels on record in early April, according to an analysis released this week from the Federal Reserve Bank of New York.
  The analysis highlighted the turmoil that efforts to stem the pandemic's devastation have inflicted on the New York region and on regions across the US. 
  John Williams, president of the New York Fed, said Friday in an interview with CNBC that some early second-quarter data that's coming in is "horr
  
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• Private equity firms are scrambling to save portfolio companies by calling in money from investors and re-writing 'worst case scenarios'

  18-04-2020 16:30 via feedproxy.google.com
  
  Two of private equity's top advisors — Bain & Co and McKinsey & Co — laid out the state of PE investing in recent reports and interviews with Business Insider. 
  Private-equity firms are scrambling to save portfolio companies in vulnerable industries, calling in money from investors and re-writing 'worst case scenarios' for investments.
  PE shops are already talking through alternative exit strategies with corporate execs of the companies they own and doing daily check-ins
  
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• Goldman Sachs unpacks a ticking time bomb in the market's junkiest debt due to the coronavirus — and explains why even the Fed will be unable to avoid it

  18-04-2020 15:38 via feedproxy.google.com
  
  The amount of high-yield debt that is coming due within two years is at its highest in over a decade, according to Goldman Sachs data.
  Many of these companies are not sufficiently creditworthy for the Fed to include them in its coronavirus stimulus plan.
  They will account for much of the jump in credit defaults in the coming months, a Goldman strategist said.    
  Click here for more BI Prime stories. The Federal Reserve recently announced that it will include companies with t
  
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• 'They're not calling Warren': Berkshire Hathaway's Charlie Munger says 'frozen' bosses aren't seeking Buffett bailouts

  18-04-2020 15:37 via feedproxy.google.com
  Warren Buffett's Berkshire Hathaway spent billions on corporate bailouts during the financial crisis, but it isn't fielding many calls for help this time around.
  "Everybody's just frozen," Charlie Munger, Buffett's longtime partner, told The Wall Street Journal this week. "The phone is not ringing off the hook."
  "Take the airlines," Munger said. "They don't know what the hell they're doing. They're all negotiating with the government, but they're not calling Warren."
  Berkshire is more focused on
  
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• Goldman Sachs says now is the time to sell Apple, forecasts 20% drop from current level

  18-04-2020 15:36 via feedproxy.google.com
  Goldman Sachs downgraded Apple shares to "sell" on Friday, citing the economic slump for its forecast of a near-term decline in device sales.
  The bank lowered its price target for Apple shares to $233, implying a nearly 20% drop from Thursday's close.
  Weakened demand will push iPhone sales down 36% in the second quarter, and stifled buying power will hamper average selling prices through 2021, the team of analysts wrote.
  Despite the revenue slide, Goldman expects Apple's customers to merely defe
  
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• Chris Davis is so good at picking stocks that he made clients $1 billion on a single trade. He breaks down 3 stocks poised to deliver as the coronavirus causes market mayhem.

  18-04-2020 15:36 via feedproxy.google.com
  
  Chris Davis, the portfolio manager at Davis Advisors, made over $1 billion for his clients through a well-timed energy trade backed up by hard data.
  Today, he's investing in only the ideas he believes in most as "fewer and fewer" businesses meet his stringent investment criteria.
  Davis outlined three top stock picks that he's bought up in the middle of the coronavirus-driven market turmoil.
  Click here for more BI Prime stories.Chris Davis, the portfolio manager at Davis Advisors, knows a th
  
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• GOLDMAN SACHS: Make these 9 stock trades to capitalize on the enormous shift towards e-commerce with America on lockdown

  18-04-2020 15:35 via feedproxy.google.com
  
  Experts think online shopping will grow even faster because of the shutdowns stemming from the coronavirus, and Goldman Sachs is naming the companies it expects to benefit first.
  Strategist Vishal Vivek tells investors that a series of nine single-stock options trades can help them benefit from companies that are already seeing their online sales rise, and limit the potential downside as well.
  His picks involve several dominant restaurants and retailers — but not Amazon. 
  Visit Busine
  
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• Oil has plunged 20% in the week since OPEC's historic production cut as traders remain unconvinced it can offset a coronavirus-led demand crunch

  18-04-2020 15:28 via feedproxy.google.com
  Oil prices are seeing further downward momentum as gloomy demand outlooks continue amid economic pain caused by the coronavirus pandemic. 
  The commodity has slumped 20% in the week after OPEC agreed on historic production cuts. 
  US West Texas Intermediate fell as much as 13% to $17.31 per barrel on Friday. Brent crude declined 0.9% to $27.58 at intraday lows before rallying.
  WTI prices moved lower Friday after China's economy suffered its first contraction in 28 years.
  Watch oil trade
  
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• Warren Buffett's financial crisis bailouts inspired the US government's 'big 4' airline rescue deals, Sen. Jack Reed says

  18-04-2020 15:27 via feedproxy.google.com
  Warren Buffett's financial-crisis bailouts inspired a key element of the US government's rescue deals with the "big four" airlines this week.
  The famed investor handed billions to the likes of Goldman Sachs and demanded warrants in return, which he used to buy their shares at a discount years later and make a healthy return.
  Sen. Jack Reed of Rhode Island told Business Insider that Buffett's bailouts "absolutely" spurred him to write warrant provisions for the rescue bill in 2008 and the one pas
  
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• I am personally planning a return to 'normal' in Fall…2021

  18-04-2020 14:52 via feedproxy.google.com
  
  People are already talking about reopening the US economy, but it may be too early to expect things to get back to "normal."
  To get to that point, a vaccine probably needs to be developed, mass produced, and distributed. That could take until Fall 2021 at the earliest.
  We may end up getting closer to normal earlier, or it could take longer. But setting realistic expectations is key.
  Nicholas Carlson is the Global Editor-in-Chief of Insider, the publication best known for Business Insider.
  This i
  
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• These 5 jarring economic signals flashed red this past week — and they show just how quickly a recession is descending upon America

  18-04-2020 14:48 via feedproxy.google.com
  
  This week, many economic indicators released showed just how severe the damage of the coronavirus pandemic is on the US economy. 
  A US recession is a foregone conclusion for many economists. Now, they're watching to see just how bad the economy gets in order to weigh a possible recovery. 
  Here are five economic indicators that flashed red this week. 
  Visit Business Insider's homepage for more stories.This week, a slew of data showed just how much the coronavirus pandemic and lockd
  
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