Sales & Marketing news

• Investors are clamoring for pandemic bonds. Here's how Wall Street banks are responding.

  23-05-2020 17:41 via feedproxy.google.com
  
  Investors have been eagerly buying up pandemic bonds — debt instruments directly financing efforts to fight Covid-19.
  Bonds tied to financing social projects like housing, healthcare, and education have long lagged beyond their environmental cousin, the green bond. 
  But social bonds have surged in response to the coronavirus outbreak, and Wall Street is betting the enthusiasm for such products will increase over the long haul as a result. 
  Wall Street banks in recent weeks have u
  
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• UBS is pitching more 'blank-check' companies to rich clients and family offices — and it's a big shift from how SPACs traditionally raise money

  23-05-2020 16:29 via feedproxy.google.com
  
  UBS is pitching special purpose acquisition companies — so-called blank-check companies — to its massive wealth-management network. 
  Jeff Mortara, head of ECM origination at UBS, told Business Insider that SPACs offer a good counter-balance to the long-term, illiquid alternative investments high-net-worth clients and family offices typically allocate to.
  The Swiss bank will bring a SPAC to market with as much as a 20% retail investor base.
  SPACs have exploded in recent years wit
  
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• Shopify's stock has exploded 140% in the last two months making it briefly the biggest company in Canada. Here is why analysts think it won't get any bigger.

  23-05-2020 15:55 via feedproxy.google.com
  Shopify's stock has soared 140% in the last two months as many shoppers flock to e-commerce with lockdowns in place. 
  The stock has risen 4,600% since the stock went public five years ago. 
  Shopify reported earnings of $470 million in 1Q, 47% higher year-on-year.
  Analysts think Shopify is overpriced and shoppers may flock back to the likes of Amazon. 
  Visit Business Insider's homepage for more stories.Shopify overtook Royal Bank of Canada to become the country's largest company by
  
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• Shortages of key goods during the coronavirus pandemic revealed America's dangerous dependence on foreign countries.

  23-05-2020 15:06 via feedproxy.google.com
  
  Shortages during the coronavirus pandemic show the danger of US companies reliance on supply chains in foreign countries.
  To ensure that this issue does not become a threat to our economic or national security, Congress need to study just how much of a problem these interwoven supply chains could be.
  Tim Ryan is a Democrat representing Ohio's 13th congressional district in the US House. David McKinley is a Republican representing West Virginia's 1st congressional district in the US House.
  Visit
  
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• These 5 charts show how the coronavirus crisis has dwarfed the Great Recession in just 2 months

  23-05-2020 14:59 via feedproxy.google.com
  
  It's been about two months since the US began sweeping lockdowns to contain the spread of coronavirus
  The economic pain of the coronavirus-induced recession swiftly overtook that of the Great Recession in that short time as millions of Americans have lost jobs, businesses remain frozen, and consumer spending has taken a major hit. 
  See below for five charts that show how the coronavirus-induced economic downturn compares to the Great Recession.
  Visit Business Insider's homepage for more sto
  
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• 'You did me a great favor': Billionaire investor Thomas Kaplan personally thanked Warren Buffett for buying 3,500 tons of silver

  23-05-2020 14:06 via feedproxy.google.com
  Thomas Kaplan thanked Warren Buffett in person for buying nearly 3,500 tons of silver, he told Business Insider.
  "You did me a great favor," the billionaire recalled telling the famed investor, as the 1997 purchase relegitimized silver as an investment and enabled his silver company to go public.
  "Glad to hear it," Buffett replied.
  Kaplan said Buffett's silver bet was "one of a string of just ridiculous strokes of luck," including an introduction to George Soros and billion-dollar discoveries by
  
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• 'Big Short' investor Michael Burry added these 5 new stocks to his portfolio in the first quarter (FB, MIK, BA, JACK, DISCA)

  23-05-2020 14:05 via feedproxy.google.com
  Michael Burry — the famed investor portrayed by Christian Bale in "The Big Short" — added 5 new stocks to his hedge fund portfolio in the first quarter, according to a 13F filing from last week.
  While Burry's largest holding remains Gamestop, he added new stakes in companies that were negatively impacted by the coronavirus pandemic, like Boeing.
  Burry's Scion Asset Management has $387 million in assets under management as of March 31.
  Read more on Business Insider.
  Michael Burry &mda
  
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• Warren Buffett bought 3,500 tons of silver in 1997. The purchase helped make Thomas Kaplan a billionaire.

  23-05-2020 14:04 via feedproxy.google.com
  Warren Buffett's purchase of almost 3,500 tons of silver in 1997 helped turn Thomas Kaplan into a billionaire.
  After the silver bubble burst in early 1980, the precious metal plunged in price from $50 an ounce to below $10, and it was widely dismissed as a bad investment.
  "What really put and end to it was when Warren Buffett bought [those] ounces of silver," Kaplan, the chairman of NovaGold Resources, told shareholders this month.
  "It became public that he had done this the week when I was taki
  
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• 'Likely to be excruciating': A notorious stock bear says investor reliance on Fed money-printing is misguided — and warns of more than 50% crash from current levels

  23-05-2020 12:05 via feedproxy.google.com
  
  John Hussman — the outspoken investor and former professor who's long forecasted a stock collapse — thinks investors are making a tremendous error by putting blind faith in the Federal Reserve's ability to backstop markets.
  He notes that the outcome of the Fed's actions are heavily reliant on investor psychology and sentiment. According to his proprietary measure, those remain negative. 
  Hussman is joined in his skepticism over the Fed's ability to prop up stocks in the long ter
  
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• Hertz files for bankruptcy as the coronavirus pandemic crushes the car-rental industry (HTZ)

  23-05-2020 04:14 via feedproxy.google.com
  
  Hertz filed for bankruptcy Friday night after failing to reach an agreement with lenders, The Wall Street Journal first reported Friday.
  Hertz has around $19 billion in debt, including $4.3 billion in corporate bonds and loans as well as $14.4 billion of debt backed by their vehicles, according to The Journal.
  The car-rental business has been decimated as the pandemic has ground travel to a halt, forcing Hertz's CEO to resign as the company missed lease payments and laid off 10,000 workers last
  
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