Sales & Marketing news

• Dow gains 369 points as investors consider economic-reopening prospects

  20-05-2020 22:04 via feedproxy.google.com
  US stocks rose on Wednesday as investors looked to positive signs of economic reopenings from coronavirus shutdowns.
  Retailers continued to release earnings, with Lowe's gaining and Target declining after premarket reports.
  Oil rose ahead of a key report from the US Energy Information Administration.
  Read more on Business Insider.
  US stocks rose on Wednesday as investors looked to positive signs of economic reopenings from coronavirus shutdowns.
  The gains reversed Tuesday's losses, driven by rep
  
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• The Fed's April meeting minutes detailed a potential 2nd-wave virus scenario that could drag on the economy into 2021

  20-05-2020 21:45 via feedproxy.google.com
  
  Minutes from the Federal Reserve's April meeting detailed key risks facing the economy as coronavirus lockdowns dragged on.
  Members of the Federal Open Market Committee found that a "more pessimistic projection was no less plausible" than a base case that featured economic growth re-emerging in the second half of the year.
  Such a scenario would arrive on the back of a second wave of COVID-19 cases and feature a decrease in GDP, surging unemployment, and weak inflation lasting into 2021, the
  
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• Bitcoin stalls at key $10,000 resistance level, but has significant upside if it can break through

  20-05-2020 21:06 via feedproxy.google.com
  Technically speaking, bitcoin has stalled at a key resistance level: $10,000.
  The cryptocurrency had been widely expected to break higher in anticipation of a halving, which occurs every four years and is when crypto miners' bitcoin payout is cut in half.
  Despite bitcoin's recent sell-off, the cryptocurrency could see significant upside if it eventually breaks through the $10,000 price level.
  Visit the Business Insider homepage for more stories.
  Technically speaking, bitcoin has stalled at a key
  
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• US investment-grade debt issuance tops $1 trillion on back of Fed purchases

  20-05-2020 20:39 via feedproxy.google.com
  US investment-grade bond issuance topped $1 trillion on Tuesday as the corporate-credit market rebounds from March lows.
  High-grade issuance on Tuesday reached $11.2 billion across 11 deals, Bank of America strategists said in a note. 
  Year-to-date bond offerings trounce last year's pace, as companies issued roughly $1.14 trillion in investment-grade debt throughout 2019, according to the Securities Industry and Financial Markets Association.
  The issuance frenzy comes after the Federal Rese
  
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• Dow climbs 300 points as investors weigh economic-reopening prospects

  20-05-2020 20:32 via feedproxy.google.com
  US stocks rose on Wednesday as investors looked to positive signs of economic reopenings from coronavirus shutdowns.
  Retailers continued to release earnings, with Lowe's gaining and Target declining after premarket reports.
  Oil rose ahead of a key report due Wednesday from the US Energy Information Administration.
  Read more on Business Insider.
  US stocks rose on Wednesday as investors looked to positive signs of economic reopenings from coronavirus shutdowns.
  The gains reversed Tuesday's losses,
  
  Read more

• Renowned strategist Tom Lee explains why he sees new stock-market records by year-end despite a massive hit to corporate earnings

  20-05-2020 20:27 via feedproxy.google.com
  Expect a massive hit to corporate earnings this year accompanied by all-time highs in the stock market, Fundstrat's Tom Lee said on Tuesday.
  Lee said he thinks that despite the likelihood that companies will report negative earnings in the second quarter, the S&P 500 could trade at 3,450 by year-end, driven by stimulus policies and a sharp rebound in corporate earnings.
  "The middle months of 2020 are going to be bad and 2Q 2020 should be a loss ... but this does not mean stocks should go dow
  
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• Economists forecast an additional 2.4 million Americans filed for unemployment insurance last week

  20-05-2020 19:11 via feedproxy.google.com
  
  The median economist estimate for jobless claims in the week ending May 16 is 2.4 million, according to Bloomberg data. The Labor Department will release the official report Thursday. 
  While it would be another week of declining claims, the number of Americans filing for unemployment is still highly elevated. 
  "We are becoming less hopeful of a quick drop in jobless claims below the one million mark, which had seemed likely to come as soon as early June," Ian Shepherdson, chief economi
  
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• Tech giants Facebook and Amazon notch all-time highs in intraday trading (FB, AMZN)

  20-05-2020 19:08 via feedproxy.google.com
  Facebook surged more than 6% on Wednesday to a record high of about $230 per share. The company announced a day earlier that it would roll out Facebook and Instagram shops this week.
  Amazon shares also hit a record high, surging as much as 1.5% to nearly $2,490 per share.
  Tech stocks have largely outperformed amid the coronavirus crisis as investors have bet on solid long-term performance.
  Watch Facebook trade live on Markets Insider.
  Watch Amazon trade live on Markets Insider.
  Read more on Busi
  
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• RBC handpicks 8 tech stocks that could continue to grow revenues during the crisis and are built like 'rocket ships' for the next boom

  20-05-2020 18:56 via feedproxy.google.com
  
  Tech companies that enable remote work and communication have been among the biggest winners during the coronavirus crisis.
  Mark Mahaney, an internet analyst at RBC Capital Markets, identified eight such firms that are experiencing strong revenue growth and poised to recover from a slowdown the quickest.
  Click here for more BI Prime stories. Tech stocks are extending their streak of market domination that has been in place since the end of the 2008 financial crisis.
  This year, the sector ha
  
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• Another stimulus bill is likely needed to revive the economy, Dallas Fed president says

  20-05-2020 18:24 via feedproxy.google.com
  
  More stimulus from Congress is likely needed if the economy is to recover from its current slump, Robert Kaplan, president of the Federal Reserve Bank of Dallas, said Wednesday.
  Targeting state and local governments with aid will be key to ensuring a smooth rebound, he added in an interview on CNBC's "Squawk Box."
  Stimulus can fuel only so much of a recovery, he added, noting that sufficient testing and contact tracing play critical roles in lifting consumer demand.
  Visit Business Insider's home
  
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• Morgan Stanley now sees Moderna shares spiking 26% from current levels, cites 65% chance of success for virus vaccine (MRNA)

  20-05-2020 16:57 via feedproxy.google.com
  Morgan Stanley raised its Moderna price target to $90 from $37, citing "initial promising Covid-19 vaccine data," it said in a note on Wednesday.
  That's a 26% jump from where shares of Moderna closed on Tuesday.
  The bank said that it risk-adjusted its estimates following early results from a trial of the vaccine and that it now sees a 65% probability of success, higher than usual for typical phase-two vaccine candidates.
  Watch Moderna trade live on Markets Insider.
  Read more on Business Insider.
  
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• 'Buffett needs to listen to Buffett again': Investor was wrong to recommend tech-heavy S&P 500, Berkshire Hathaway shareholder says

  20-05-2020 16:54 via feedproxy.google.com
  Warren Buffett recommended the S&P 500 several times at Berkshire Hathaway's shareholder meeting this month.
  The famed investor effectively advised investors to back the "big tech" companies that make up a large chunk of the index, Tony Scherrer of Smead Capital Management said in a blog post.
  However, Buffett warned against "gruesome" businesses that grow quickly, require lots of capital, and generate minimal profits in his 2007 shareholder letter.
  "It looks to us like Buffett needs to list
  
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• Hedge fund bear Crispin Odey says personal gold ownership could become illegal if inflation spikes

  20-05-2020 16:49 via feedproxy.google.com
  Central banks might outlaw private gold ownership and use the metal to stabilize currencies, hedge fund manager Crispin Odey said in a letter seen by Bloomberg.
  The notoriously bearish investor added to his gold positions throughout April, warning clients that a de-monetizing of gold could happen if governments "feel the need to create a stable unit of account for world trade."
  Such action isn't without precedent. The US forced private gold holders to sell their stakes in 1933 to normalize the d
  
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• UK sells negative-yield bonds for the first time — days after the Bank of England dismissed below-zero rates

  20-05-2020 16:48 via feedproxy.google.com
  The UK offered negative-yield bonds for the first time on Wednesday, ushering in a new market precedent as the debate around below-zero UK interest rates intensifies.
  Negative-yield bonds essentially leave investors paying to lend to the government.
  Andrew Bailey, the Bank of England governor, has ruled out negative rates, but other policymakers have suggested an openness to the policy.The dueling remarks create tension around a key bond-market driver.
  Any change in Bailey's stance could boost t
  
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• China's economy has bounced back from coronavirus in a V-shaped recovery, but 'now comes the hard part,' analysts say

  20-05-2020 16:48 via feedproxy.google.com
  Chinese industrial production bounced back in a 'V-shaped' recovery in April, but research shows its momentum is likely to fade in the short-term.
  A global rebound may be impacted by slow-moving investment in sectors reliant on household spending, according to Pantheon Macroeconomics.
  China's industrial output rose 3.9% in April year-on-year, after sliding in the first three months of the year during coronavirus lockdown.
  "Only so much inventory build is justifiable in the current climate, even
  
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• The world's biggest hedge funds like Bridgewater are blending quantitative and fundamental trading. Here's why it's gaining hype on Wall Street.

  20-05-2020 16:37 via feedproxy.google.com
  
  "Quantamental" is gaining hype on Wall Street. It's a type of investing strategy that tries to blend the best of quant funds and fundamental analysis.
  Bringing the two disciplines together is a feat in itself — hedge funds have tried and failed many times to get the culture and responsibilities just right.
  But both sides need each other, as fundamental analysts struggle to sort through massive amounts of data and quant models malfunction during never-before-seen market conditions brought o
  
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• Luckin Coffee craters 45% after month-long trading halt as traders sell ahead of stock delisting (LK)

  20-05-2020 16:29 via feedproxy.google.com
  Luckin Coffee cratered as much as 45% on Wednesday after a month-long trading halt on the stock was lifted.
  The company was originally halted on April 7 after it announced that senior executives fabricated as much as 2.2 billion yuan ($310 million) in sales last year.
  Luckin received a delisting notice from the Nasdaq exchange on Tuesday, but the company plans to request a hearing to fight the delisting. 
  Visit the Business Insider homepage for more stories.
  Luckin Coffee crated as much as
  
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• Trump reportedly opposes extending the $600 boost in weekly unemployment benefits as jobless levels reach record highs

  20-05-2020 16:21 via feedproxy.google.com
  
  President Donald Trump reportedly opposes extending ramped-up unemployment benefits that add $600 each week to laid-off workers' weekly checks.
  The boosted unemployment payments, part of the Cares Act enacted in March, are set to expire on July 31.
  But experts say the expiration of the initiative would amount to a significant pay reduction for millions of laid-off workers while unemployment soars to record levels.Visit Business Insider's homepage for more stories.President Donald Trump reportedl
  
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• The investment chief of a $12 billion wealth-management firm breaks down how to build the perfect portfolio using just 7 ETFs — one designed to sidestep a dramatically 'overvalued' stock market

  20-05-2020 15:46 via feedproxy.google.com
  
  John Allen, the chief investment officer of the wealth-management firm Aspiriant, said investors could design a sturdy low-risk portfolio with just seven exchange-traded funds.
  Allen is concerned about the threat of another big sell-off, saying US stocks are overpriced by about 35%.
  He expects years of weak returns.
  He's telling investors to put half of their funds in bonds and alternative assets, which can offer similar returns with less risk.
  Visit Business Insider's homepage for more stories.
  
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• John Fedro quit his job and got involved in real estate with barely any money. He breaks down his low-cost approach to mobile-home investing, which allows him to live comfortably on passive income.

  20-05-2020 15:46 via feedproxy.google.com
  
  John Fedro realized real-estate investing would become his work after coming across a how-to course on a friend's bookshelf.
  Frustrated with his 9-to-5 job, he quickly adopted the investment ethos and started searching for deals.
  After squandering his life savings shortly thereafter, Fedro stumbled upon his niche in mobile-home investing from an out-of-the-blue phone call.
  Today, he leverages a unique strategy to produce passive income without outlaying large pools of cash.  
  Click her
  
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• WARC Media Awards 2020 open for entries

  20-05-2020 01:10
  
  WARC today launches the 2020 WARC Media Awards, with executives from L’Oréal, Carbon, Direct Line Group and Tesco chairing the juries in the four categories that comprise the global awards scheme that rewards communications planning which has...
  
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• Nothing disrupts category inertia like a recession

  20-05-2020 01:10
  
  Sometimes recessions and hardships are where challenger brands are made; Nick Geoghegan of eatbigfish explains how in The WARC Guide.
  
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• Livestreaming booms in China as the country comes out of lockdown

  20-05-2020 01:10
  
  China’s retailers, big and small, focused on selling online out of necessity during the COVID-19 crisis – and livestreaming of content to sell goods proved a huge success.
  
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• In-car radio and FMCG purchase intent

  20-05-2020 01:10
  
  Radio ads heard in the car on the way to the supermarket have a significant effect on purchasing intentions, according to new research on FMCG advertising.
  
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• From marketing guru to team leader – the changing role of the CMO

  20-05-2020 01:10
  
  The role of the Chief Marketing Officer is alive and well and will stay that way in the future – but it’s in for some major changes, concludes a new study from the World Federation of Advertisers (WFA).
  
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• Digital adspend growth slows down across all categories in Australia

  20-05-2020 01:10
  
  Total online advertising growth slowed in the first quarter of 2020 to deliver overall year-on-year growth of 3.8% according to the IAB Australia Online Advertising Expenditure Report (OAER).
  
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