Sales & Marketing news

• Dow surges 455 points as economic-reopening hope overshadows historic job losses

  08-05-2020 22:07 via feedproxy.google.com
  US stocks rose on Friday as positive signs that the economy would reopen soon overshadowed a dismal April jobs report.
  The US economy lost a record 20.5 million jobs last month. That pushed the unemployment rate to 14.7%, the highest since the Great Depression.
  First-quarter earnings season continued, and US crude oil prices rose roughly 4%.
  Read more on Business Insider.
  US stocks rose on Friday as investors looked past a dismal April jobs report to encouraging signs of economic reopening.
  The
  
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• A hedge fund advised by Nassim Nicholas Taleb posted a 4,000% return. Here are 10 of his most thought-provoking quotes.

  08-05-2020 21:36 via feedproxy.google.com
  As the coronavirus pandemic spread across the globe, the stock market plunged more than 30%.
  While most investors suffered from the drop, one hedge fund provided its clients with returns in excess of 4,000%. 
  The "Black Swan" fund, managed by a protege of Nassim Taleb, invested in securities and derivatives that benefited from the extreme market volatility caused by the coronavirus.
  Taleb is the author of 2007's "The Black Swan: The Impact of the Highly Improbable" — a book that has h
  
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• Investors haven't been this bearish on stocks since April 2013, one measure shows

  08-05-2020 21:35 via feedproxy.google.com
  Bearish investor sentiment has risen over the past month as shocking economic headlines due to the coronavirus pandemic hammer investors week after week, a survey found.
  The Labor Department said on Thursday that 3.2 million Americans filed for unemployment in the week that ended on Saturday, bringing the seven-week total to 33 million.
  The department said on Friday that 20.5 million jobs were lost in April and that the unemployment rate spiked to 14.7%.
  Visit Business Insider's homepage for mor
  
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• The market bottom is in, and 2021 could be a boom year for stocks, Wharton Professor Jeremy Siegel says

  08-05-2020 20:59 via feedproxy.google.com
  The market bottom is in, and 2021 could be a boom year for stocks, Wharton professor Jeremy Siegel said in a CNBC interview on Friday.
  Siegel said that any good news on the development of a treatment or vaccine for the coronavirus, combined with the "unprecedented" liquidity from the Fed, could help stocks hit new all-time highs next year.These comments come after Siegel said earlier this week that the bond market's 40-year bull run is about to end.
  Visit the Business Insider homepage for more s
  
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• These 8 charts from Friday's job report show just how dire America's economic situation is now

  08-05-2020 20:51 via feedproxy.google.com
  
  Friday's April jobs report from the Labor Department was dismal: The US economy lost a record 20.5 million jobs, and the unemployment rate surged to 14.7%.
  "The April employment report — if there was any lasting hope for a V-shaped recovery, this dashed it," Ryan Sweet, a senior economist at Moody's Analytics, told Business Insider.
  Here are eight charts beyond the headline that show just how much of a hit the labor market has taken during the coronavirus pandemic.
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• PIMCO has raised $5.5 billion for private credit funds despite a hellacious March — and is telling investors it's the best opportunity in a decade

  08-05-2020 20:34 via feedproxy.google.com
  
  Credit funds, especially those with exposure to structured credit like mortgage-backed securities, were flattened in a disastrous March, and many were forced to sell at a loss to meet margin calls from banks.
  PIMCO's nearly $4 billion Tactical Opportunities fund lost roughly 15% in March, but was able to avoid forced selling, sources tell Business Insider, and even added to positions in the month.
  The fund has raised $250 million — one of several private credit funds that PIMCO has raised
  
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• 20 million more unemployed and the stock market is rising? Why?

  08-05-2020 20:15 via feedproxy.google.com
  
  Hello! Welcome to the next edition of Insider Today. Please sign up here.
  Our goal is to provide you with insight and analysis about the big stories of the day — "Insider in your inbox."
  Thanks as always for reading. Please feel free to reply to this email and tell us what you like or don't like, and we'll evolve and improve as we go. And if you're enjoying the newsletter, please forward to your friends.
  —Henry Blodget ([email protected]) and David Plotz (dplotz@businessinsider.
  
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• Dow rises 300 points as economic-reopening hope offsets historic job losses

  08-05-2020 20:00 via feedproxy.google.com
  US stocks rose on Friday as positive signs that the economy would reopen soon offset a dismal April jobs report.
  The report showed that the US economy lost a record 20.5 million jobs last month. That pushed the unemployment rate to 14.7%, the highest since the Great Depression.
  First-quarter earnings season continued, and US crude oil prices rose roughly 4%.
  Read more on Business Insider.
  US stocks rose on Friday as investors looked past a dismal April jobs report to encouraging signs of economi
  
  Read more

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• A hedge-fund chief overseeing $2 billion shares 5 reasons he sees bitcoin surging 900% by the end of 2021 as Paul Tudor Jones dives into the asset

  08-05-2020 19:54 via feedproxy.google.com
  
  Mark Yusko, the CEO and chief investment officer at Morgan Creek Capital Management, shared several reasons he thinks bitcoin's price will hit $100,000 by the end of 2021.
  Yusko said it would be "perfectly logical" for bitcoin to hit $400,000 to $500,000 if its market capitalization moves toward that of gold.
  The call comes after the legendary investor Paul Tudor Jones' recent disclosure that he's built a stake of bitcoin futures, making him the latest investment mogul to buy the cryptocurrency.
  
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• Russell Investments says these 4 stocks are perfect for investors on the hunt for ESG-friendly returns

  08-05-2020 19:33 via feedproxy.google.com
  
  Analysts at Russell Investments have outlined a group of stocks across sectors that satisfy their criteria for strong returns and ESG (environmental, social, and corporate governance) investing standards. 
  The investment manager, which sources its "do-good investing" framework from the ESG research provider Sustainalytics, recommended names including tech giant Intel.
  "By identifying some doing good metrics, we are able to evaluate some sector leaders that have been doing good and evaluatin
  
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• Power Line: Oil industry cracks widen, a 150-hour battery, and one number that reveals how coronavirus is changing the rooftop solar industry

  08-05-2020 18:59 via feedproxy.google.com
  
  Welcome to Power Line, a weekly energy newsletter brought to you by Business Insider.
  Here's what you need to know:Want to get this newsletter in your inbox every Friday? Sign up here. 
  Got a tip or feedback about this newsletter? Email [email protected]. 
  Don't forget: Sunday is Mother's Day. Happy Friday, folks! 
  I am delighted to announce that earnings season is mostly over — which means nearly all the top energy execs have revealed new details ab
  
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• 'The silver lining': 72% of jobs lost in April could soon return as the economy reopens

  08-05-2020 18:51 via feedproxy.google.com
  
  A majority of workers in Friday's April jobs report are classified as unemployed on temporary layoff, which could be a good sign as state economies slowly reopen.
  Those workers "should be able to be more seamlessly rehired as the economy reopens," wrote Bank of America economists led by Alexander Lin in a Friday note.
  Still, the number is a "very cautious and conditional glimmer of hope," Nick Bunker, an economist at Indeed, told Business Insider, because what's temporary could become permanent.
  
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• The oil industry is bracing for an onslaught of bankruptcies. Here are the 25 companies Fitch says are most at risk.

  08-05-2020 18:19 via feedproxy.google.com
  
  While energy markets are starting to stabilize, the pandemic-fueled collapse in demand continues to hammer the oil and gas industry.
  Hundreds of bankruptcies are on the horizon, according to the research firm Rystad Energy. Whiting Petroleum and Diamond Offshore Drilling are the latest two companies to file. 
  The rating agency Fitch shared data with Business Insider on the top 25 "bonds of concern" in the energy industry, amounting to almost $30 billion in outstanding debt.
  California
  
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• Warren Buffett's Berkshire Hathaway has a record $137 billion cash pile. Here's why the investor will be frustrated by that fact.

  08-05-2020 18:07 via feedproxy.google.com
  Warren Buffett's Berkshire Hathaway had a record $137 billion in cash at the end of March.
  The famed investor always holds some cash to weather emergencies and capitalize during crises.
  However, Buffett dislikes having too much cash because it loses value over time and he views businesses as better investments.
  "Whether the currency a century from now is based on gold, seashells, shark teeth, or a piece of paper (as today), people will be willing to exchange a couple of minutes of their daily la
  
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• These 6 e-commerce companies saw their combined value jump by about $50 billion this week as more people shop online amid COVID-19 (SHOP)

  08-05-2020 17:46 via feedproxy.google.com
  
  Six e-commerce companies added a combined total of roughly $50 billion in value this week after reporting their quarterly earnings results, according to Baird Equity Research.
  The six companies are Shopify, PayPal, Carvana, Wayfair, ChannelAdvisor, and Liquidity Services.
  Their shares jumped roughly 30% on average since Monday.
  The growth reflects a broader structural change in retail as more people shop online during the COVID-19 pandemic.
  Visit Business Insider's homepage for more stories.Whil
  
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• Internet usage in rural India overtakes urban areas

  08-05-2020 01:22
  
  The number of internet users in rural areas of India has surpassed those living in metropolitan cities for the first time, according to a new report that also found women partly responsible for driving the trend along with better connectivity and...
  
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• IAB Europe unveils guidance for the post-cookie ecosystem

  08-05-2020 01:22
  
  Google announced in January that it planned to join Safari and Firefox by blocking third-party cookies in its Chrome web browser – a development with far-reaching implications for the advertising industry, which IAB Europe has sought to...
  
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• How consumer perception impacts cause marketing

  08-05-2020 01:22
  
  The motivations that consumers attribute to a company that runs a cause marketing program can exert an influence on a campaign’s impact, according to a study published in the Journal of Advertising Research (JAR).
  
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• Fortnite smashes user numbers amid a pivot to virtual festivals

  08-05-2020 01:22
  
  Fortnite-maker Epic Games has announced that the multi-platform multi-player game now has over 350 million registered users, as the game moves beyond its shoot-em-up gameplay and toward virtual concerts.
  
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• DMA: UK marketers embrace WFH but more than half resort to furlough

  08-05-2020 01:22
  
  Figures from a Data and Marketing Association (DMA) survey of its members finds that over half of respondents are resorting to the government’s job retention scheme in the hope that roles can be protected for a re-opening of the economy.
  
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