Sales & Marketing news

• Bill Ackman turned a $27 million bet into $2.6 billion in a genius investment. Here are 12 of the best trades of all time.

  16-05-2020 20:48 via feedproxy.google.com
  The hedge fund billionaire Bill Ackman is among few who minted a multibillion-dollar profit during the throes of the coronavirus pandemic. 
  The famed investor turned a relatively modest $27 million bet into a whopping $2.6 billion windfall as the outbreak continued to drag on stocks and threatened deep economic recession.
  From George Soros' breaking of the Bank of England in 1992, to Michael Burry's now world-famous Big Short during the financial crisis, Markets Insider decided to round up
  
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• Meet the bankers, traders, and lawyers set for big paydays from a wave of corporate distress and bankruptcies

  16-05-2020 16:28 via feedproxy.google.com
  
  Economic disruption caused by the novel coronavirus has put a group of investors, lawyers, and bankers back in the spotlight.
  Restructuring attorneys and investment bankers are fielding a rush of calls from clients. 
  Distress investing, which looks to take advantage of bankruptcies and other high-risk situations, struggled to find opportunities for years.
  Private-equity shops are looking to invest in public equities and ramp up loans to help businesses through the crisis.
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• How bedroom trader Navinder Sarao made his first millions and kickstarted an odyssey that ended with historic market manipulation and a $1 trillion crash

  16-05-2020 15:45 via feedproxy.google.com
  Navinder Singh Sarao was arrested in 2015, accused of helping cause a $1 trillion market crash.
  Sarao was accused by the US government of manipulating markets by posting then canceling huge volumes of orders to trick other participants about supply and demand — a brand new offence known as 'spoofing.'
  In this extract from his new book, "Flash Crash," author Liam Vaughan recounts how Sarao made his first million pounds taking the other side of trades with another notorious financial figure,
  
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• A progressive entrepreneur makes the case for a $25 minimum wage so workers 'can literally survive'

  16-05-2020 15:30 via feedproxy.google.com
  
  Progressive entrepreneur Joe Sanberg says it's time to pay workers a $25 minimum wage.
  "[Coronavirus] has thrown everything into disrepair and uncertainty — this is the moment to rebalance things," Sanberg told Business Insider.
  A $25 minimum wage won't become a reality anytime soon, but economists and researchers are starting to understand more of the effects around boosting pay for workers.Visit Business Insider's homepage for more stories.A progressive entrepreneur says it's time to rai
  
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• Power brokers of distressed credit: Meet 11 Wall Street stars trading busted bonds, bankruptcy claims, and other fire-sale securities

  16-05-2020 15:00 via feedproxy.google.com
  
  Distressed-credit trading at Wall Street banks has been a small, quiet corner of the market over the past decade. 
  But everything's changed in the last two months amid the worldwide tumult from the coronavirus pandemic.
  Now, iconic retailers like J.Crew and Neiman Marcus have filed for bankruptcy, and massive funds like Oaktree and Pimco are raising billions to go bargain-shopping as corporations head toward fire-sales.
  Wall Street's distressed-debt desks vary in approach — some stick
  
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• These 7 economic signals flashed red this week, showing the continued damage being inflicted by coronavirus

  16-05-2020 14:13 via feedproxy.google.com
  
  While many states across the US have begun to slowly reopen, economic data continues to show devastation from the coronavirus pandemic.
  Economists agree that the US is already in a recession. Now, they're weighing what shape a potential recovery might take.
  Many reports this week hit fresh records. But some showed glimmers of hope that a recovery may be coming as some states begin to reopen. 
  Here are seven economic signals that flashed warnings this week. 
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• Warren Buffett's Berkshire Hathaway slashed its Goldman Sachs stake by 84% last quarter

  16-05-2020 14:04 via feedproxy.google.com
  Warren Buffett's Berkshire Hathaway slashed its stake in Goldman Sachs and exited its positions in Philips 66 and Travelers in the first quarter, a financial filing on Friday showed.
  The billionaire investor's company cut its Goldman holdings by 84%, driving their value down from about $2.8 billion to less than $300 million.
  Berkshire also trimmed its stakes in Amazon, JPMorgan, Sirius XM, and other companies.
  The stock sales, along with the coronavirus sell-off, reduced the value of Berkshire's
  
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• Morgan Stanley just published a comprehensive guide to utility investing — and handpicks 12 energy stocks to buy now

  16-05-2020 13:07 via feedproxy.google.com
  
  Electricity demand is projected to fall by 5% this year in the wake of the coronavirus pandemic.
  Coronavirus has caused near-term volatility among utility stocks, but Morgan Stanley says investors should look through the noise. 
  The bank recommends investing in utility stocks that are low-risk and undervalued or high-risk and "deeply undervalued." 
  It lays out four drivers of outperformance including a "second wave" of renewable energy that promises to wipe out many of the country's co
  
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• The Mormon Church's secretive $100 billion fund slashed its Exxon, Marriott, and Wells Fargo stakes last quarter

  16-05-2020 12:56 via feedproxy.google.com
  The Mormon Church's $100 billion investment fund cut its positions in Exxon Mobil, Wells Fargo, and Marriott in the first quarter.
  The church's investment arm, Ensign Peak Advisors, reported a 21% fall in the value of its stock portfolio to just under $30 billion in a SEC filing this week.
  Ensign slashed its stakes in Exxon, Wells Fargo, and Marriott by 44%, 30%, and 26%, respectively.
  The fund also added to 13 of its 20 largest holdings, including Apple, Microsoft, Google, and Amazon.
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