Sales & Marketing news

• Investors bet against Warren Buffett as airline ETF sees 1600% surge in fund flows (JETS, AAL, UAL, LUV, DAL, BRKB, BRK.B)

  06-05-2020 19:37 via feedproxy.google.com
  
  Warren Buffett revealed over the weekend that Berkshire Hathaway had liquidated its entire stake in the airline stocks, saying, "Our airlines position was a mistake."
  Investors are betting against Warren Buffett, as evidenced by a 1,600% increase in fund flows into the US Global Jets exchange-traded fund.
  The move comes as the airline ETF JETS has experienced a 60% decline in value since the coronavirus outbreak reduced air traffic travel by more than 90%.
  Visit Business Insider's homepage for m
  
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• Wharton professor Jeremy Siegel explains why the bond market's 40-year bull run is doomed

  06-05-2020 19:23 via feedproxy.google.com
  The bond market's four-decade bull run will be crushed under coronavirus stimulus measures and rising inflation, the Wharton finance professor Jeremy Siegel told CNBC on Tuesday.
  Treasury notes and corporate bonds stabilized through April on the back of Federal Reserve relief measures, but an uptick in market liquidity will lead to bondholders suffering, Siegel said.
  The professor said he also sees inflation rates "rising continuously over the next several years." Stronger inflation eats away at
  
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• JPMorgan lists 6 reasons it's bullish on stocks right now

  06-05-2020 19:23 via feedproxy.google.com
  JPMorgan has identified six reasons that stocks and risk-on securities are in a bullish environment since the S&P 500 posted a low on March 23.
  In an analyst note published Tuesday afternoon, the bank said liquidity injections, low bond yields, investors being underweight equities, the defensive nature of the current market rally, the quick healing of credit markets, and the relaxation of lockdowns were all reasons to be bullish on stocks.
  JPMorgan has taken a bullish stance on stocks since
  
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• The world's largest money manager says now is the time to buy stocks

  06-05-2020 19:20 via feedproxy.google.com
  BlackRock said now is the time to sell government bonds and buy risky assets like stocks and emerging market debt, according to a blog post published Tuesday.
  The asset manager said policy actions in response to the coronavirus pandemic should cushion the impact of the virus shock and help mitigate permanent damage to growth fundamentals.
  Despite the substantial rally in equities in recent weeks, BlackRock says the price declines still imply significant expected returns compared to US government
  
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• The final results are in: Finland's basic-income trial found people were happier, but weren't more likely to get jobs

  06-05-2020 19:16 via feedproxy.google.com
  
  The final results of a basic-income study in Finland found people were happier but not likelier to get a job after given free money.
  2,000 unemployed people were given $600 each month for two years.
  The study drew criticism from some experts for its design.
  The idea of basic income has gained renewed interest during the pandemic with millions people out of work and national economies thrown into tailspins.
  Visit Business Insider's homepage for more stories.The final results were published on Wed
  
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• GOLDMAN SACHS: Traders are reaping unusually large profits from earnings-related stock trades. Here are 15 picks for the remainder of the season.

  06-05-2020 18:53 via feedproxy.google.com
  
  Betting on outsize moves in single stocks post-earnings has become more attractive now compared with the start of the reporting season, according to Goldman Sachs. 
  Strategists identified 15 companies with upcoming results that traders can use to profit from big price moves in either direction.
  Click here for more BI Prime stories. Uncertainty is a big theme of the ongoing earnings season because of the coronavirus pandemic.
  This has given birth to unusually high volatility for many of
  
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• Relief loans are going to areas with pre-existing bank relationships instead of most infected regions, Fed economists find

  06-05-2020 18:02 via feedproxy.google.com
  
  Paycheck Protection Program, or PPP, loan approvals are more concentrated in areas with existing small business-bank partnerships instead of regions hit hardest by the coronavirus, Federal Reserve Bank of New York economists wrote Wednesday. 
  Virus hotspots including New York, New Jersey, Michigan, and Pennsylvania are receiving fewer PPP loan approvals per small business than less-affected states.
  The economists found "strong similarity" between states with high proportions of small busine
  
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• US stocks trade mixes as economic-reopening hope offsets dismal jobs report

  06-05-2020 17:50 via feedproxy.google.com
  US stocks traded mixed on Wednesday amid continued efforts by the US government to reopen the economy.
  Investors looked past a dismal report from ADP showing that US companies lost 20.2 million jobs in April. The government's April jobs report is due Friday.
  General Motors exceeded profit forecasts in its quarterly earnings report. Lyft and PayPal are scheduled to report earnings after the market closes.
  Read more on Business Insider.
  US stocks were mixed on Wednesday amid investor optimism spur
  
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• Lyft is about to reveal for the first time just how bad the coronavirus' impact has been on its business. Here's what to expect. (LYFT, UBER)

  06-05-2020 17:29 via feedproxy.google.com
  
  Lyft is set to report its first-quarter financials on Wednesday. 
  It's the first look investors and analysts will have into the coronavirus' impact on the ride-hailing firm. 
  In recent weeks, Lyft has cut jobs and withdrawn its forecast for the year, but hasn't hinted at how bad things might be. 
  Visit Business Insider's homepage for more stories.Lyft is set to unveil its first-quarter financial performance on Wednesday afternoon, offering investors and the public their first look
  
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• Bill Ackman turned $27 million into $2.6 billion as the coronavirus ravaged markets. Here are 12 of his most insightful quotes.

  06-05-2020 17:24 via feedproxy.google.com
  Pershing Square Capital Management founder Bill Ackman was known for colorful statements well before his notorious March 18 CNBC interview.
  The billionaire investor is among the few to win out through the tumultuous first quarter, turning a $27 million bet on credit protection into $2.6 billion when coronavirus risks caught up with the financial sector.
  Some commentators allege Ackman's emotional 30-minute CNBC appearance was made to boost his investments, though the fund manager has rebuked suc
  
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• The EU is bracing for a 'recession of historic proportions' and predicts a 7.4% contraction in 2020

  06-05-2020 17:21 via feedproxy.google.com
  
  Europe will fall into a "recession of historic proportions" this year, the European Commission said.
  The EU economy will shrink by 7.4% in 2020, despite unprecedented economic stimulus measures to stem the economic downturn caused by the pandemic, it said.
  Italy and Spain will be the worst-hit major economies, contracting 9.5%, forecasts said.
  Visit Business Insider's homepage for more stories.The European Union projected on Wednesday a "recession of historic proportions" for the eurozone in 202
  
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• Bank of America forecasts a 'shocking' 22 million jobs lost in April, unemployment spike to 15%

  06-05-2020 17:04 via feedproxy.google.com
  
  Friday's April jobs report should go down in infamy, Bank of America economists wrote in a Wednesday note. 
  The bank forecasts Friday's jobs report will show a "shocking loss" of 22 million jobs in April and expects the unemployment rate to jump to 15% from 4.4% in March. 
  Bank of America's base case of 15% unemployment rate is consistent with about 70% of jobless workers being classified as "unemployed" and the remaining 30% counted as leaving the labor force. 
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• These 22 well-known companies could get acquired as coronavirus batters their businesses, BTIG says

  06-05-2020 17:03 via feedproxy.google.com
  
  Private-equity firms are sitting on an estimated $1.5 trillion in cash that can be used to acquire companies. 
  The coronavirus crisis has cheapened the valuations of many popular companies and made them targets for deals. 
  BTIG's Julian Emanuel identified 22 such targets that have been supported by private equity or venture capital in the past.
  Click here for more BI Prime stories. Warren Buffett is not the only investor who is hesitating to buy companies in this environment. 
  
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• Friday's jobs report will be 'one of the worst ever,' St. Louis Fed President Bullard says

  06-05-2020 16:25 via feedproxy.google.com
  
  "Jobs report will probably be one of the worst ever" on Friday, St. Louis Federal Reserve President James Bullard said during a Wednesday interview with CNBC.
  While alarming, it's expected because "you're using the unemployment insurance program to provide pandemic relief," Bullard said. 
  Bullard expects the worst economic fallout in the second quarter, but said he thinks the US should return to growth quickly and be "finishing up this process" by the end of the year. 
  Visit Business I
  
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• The US Treasury reopens its 20-year bond to help fund $3 trillion in 2nd-quarter borrowing

  06-05-2020 16:08 via feedproxy.google.com
  The US Treasury Department will auction a 20-year bond in May for the first time since 1986, according to a Wednesday press release.
  The department is reopening the bond and increasing sizes of other issuances as it plans to borrow $3 trillion in the second quarter for rising stimulus costs.
  The Treasury also plans to shift its issuance concentration to longer-dated notes to limit volatility and capitalize on low rates.
  Visit the Business Insider homepage for more stories.
  The US Treasury Depart
  
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• Elon Musk just hit a key milestone on his path to a $55 billion payday — here's how his elaborate Tesla compensation plan works

  06-05-2020 16:03 via feedproxy.google.com
  
  The average value of Tesla's stock over the past six months hit $100 billion after Monday's market close.
  That means CEO Elon Musk could soon receive the first tier of a massive payday.
  According to the company's 2018 compensation agreement with Musk, hitting this milestone will unlock stock options that could net him $700 million.
  That payout would be just the first of 12 "tranches" of stock options that could be worth billions if the company's hyper-ambitious goals are achieved in the next few
  
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• Uber is cutting 3,700 jobs, 14% of its total workforce, as the coronavirus ravages ride-hailing revenue (UBER)

  06-05-2020 15:38 via feedproxy.google.com
  
  Uber is cutting thousands of jobs to save money during the coronavirus pandemic.
  The company on Wednesday announced that it would lay off 3,700 employees, roughly 14% of its total workforce.
  Lyft previously said it would lay off roughly 1,000 workers in April. 
  Visit Business Insider's homepage for more stories.Uber said on Wednesday that it would cut 3,700 jobs, representing about 14% of its global workforce, as the coronavirus pandemic ravages ride-hailing revenue.
  "Due to lower trip volu
  
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• These 4 charts show the staggering scale of Europe's 'shocking' economic disaster during the coronavirus pandemic

  06-05-2020 15:23 via feedproxy.google.com
  
  The eurozone's private sector economy nosedived in April, with surveys from the region's four largest powers shrinking to record lows far worse than those seen during the 2008 financial crisis.
  Reflecting the impact of ongoing restrictions to non-essential economic activities across the euro-region, both service and manufacturing activity levels contracted sharply for France, Italy, Germany, and Spain.
  "The economic data for April were inevitably going to be bad, but the scale of the decline is
  
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• Fidelity has slashed the valuation of WeWork shares in its mutual funds by nearly 70% in less than a year — and other asset managers are even more negative

  06-05-2020 15:15 via feedproxy.google.com
  
  Mutual funds holding stakes of WeWork have continued to slash the valuation of their holdings in the struggling coworking company, filings show.
  Managers like Fidelity, Principal Global Investors, and Hartford Funds have cut their valuations by at least 60% since last fall.
  One manager, Macquarie Investment Management, now values its stake in the company at just $3.60 a share. 
  The coworking space has been severely impacted by the novel coronavirus pandemic, which has brought on hundreds of
  
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• US companies eliminated a record 20.2 million jobs in April, ADP report says

  06-05-2020 15:12 via feedproxy.google.com
  
  US private payrolls sank by a record 20.2 million in April as coronavirus layoffs persisted, according to a Wednesday report by ADP. 
  The monthly decline was the worst in the report's history going back to 2002, but was slightly less than the 20.6 million drop expected by economists surveyed by Bloomberg.
  Service-providing payrolls dropped by 16 million in April, according to the ADP report, while goods-producing companies lost 4.2 million jobs.
  Visit Business Insider's homepage for more st
  
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• We’re all getting the lockdown look – but which one is it?

  06-05-2020 01:07
  
  There’s conflicting evidence from the beauty and personal care sector about all of our personal habits during lockdown. Put simply: are we tending to let ourselves go because we’re only on show to close family; or are we taking some time to look...
  
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• The social-emotional drivers to purchase decisions in COVID-19

  06-05-2020 01:07
  
  Brands can create more effective advertising by understanding the motivations behind people’s purchase decisions and how they have changed under COVID-19, according to exclusive new research from Decode.
  
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• Smartphone likely to be key to life after lockdown

  06-05-2020 01:07
  
  China, the first country to be ravaged by COVID-19 at the beginning of the year, is starting to go back to work. And it’s already clear that the smartphone, regarded as a must-have personal item, could play a key role in bringing about the new...
  
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• Coca-Cola looks to China for learnings on COVID-19 recovery

  06-05-2020 01:07
  
  Coca-Cola, the soft-drinks manufacturer, is drawing on various lessons from China as it seeks to understand how the period of “graduated re-openings” may take shape once the threat of COVID-19 begins to recede.
  
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• APAC retail will see a US$767bn loss in 2020: Forrester

  06-05-2020 01:07
  
  The loss of retail sales in Asia Pacific is predicted to reach US$767 billion in 2020, a decline of 10% from 2019, according to a new
  
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