Sales & Marketing news

• Vacation rentals around the world have jumped 127% since early April in a sign that people are slowly starting to travel again

  27-05-2020 23:58 via feedproxy.google.com
  
  Vacation rentals globally have rebounded 127% since April after coronavirus lockdowns halted nearly all travel, according to a report from AirDNA.
  Short-term rentals on platforms like Airbnb and VRBO reached rock bottom around April 5, but have nearly returned to pre-pandemic levels, according to AirDNA.
  Beach towns and other leisure destinations, especially in places that pushed to reopen quickly, are seeing the most growth, the report said.
  The numbers are one sign that people are starting to
  
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• Economists expect another 2.1 million Americans filed for unemployment insurance last week

  27-05-2020 22:23 via feedproxy.google.com
  
  US economists are forecasting that an additional 2.1 million Americans filed for unemployment insurance in the week ending ending May 23, according to Bloomberg data. 
  The Labor Department will release the official report Thursday. 
  While declining claims show the US is beyond the peak of layoffs, "until those workers are able to come back and continuing claims begin to decline, sustained improvements in consumer and business sentiment will likely remain elusive," said Deutsche Bank ec
  
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• 'The most heart-wrenching report I have ever read': Nurses neglected soiled residents and reused IV equipment in Canadian nursing homes

  27-05-2020 22:12 via feedproxy.google.com
  
  The Canadian Armed Forces submitted a blistering report on the conditions of Ontario-based nursing homes.
  Problems at the nursing homes included staffers who were reusing IV supplies and delays in changing soiled residents, which led to a "skin breakdown."
  Most residents in one facility reported not receiving three meals in one day.
  Ontario Premier Doug Ford described the public findings as "the most heart-wrenching report I have ever read in my entire life."
  Visit Business Insider's homepage fo
  
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• Dow soars 553 points on mounting optimism around a strong economic recovery

  27-05-2020 22:06 via feedproxy.google.com
  US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies.
  The European Commission proposed an $826 billion stimulus package intended to aid recovery from the coronavirus-induced recession.
  A midday swoon was alleviated when chipmaker Micron issued a quarterly sales forecast that beat Wall Street estimates, spurring a rally in semiconductor stocks and pulling the tech-heavy Nasdaq out of negative territory.
  Oil slipped after
  
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• Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says

  27-05-2020 22:00 via feedproxy.google.com
  
  The US labor market will stage a slower recovery than most other advanced economies until at least 2021, Goldman Sachs said Tuesday.
  The bank forecasts the nation's unemployment rate sinking to 12% by the end of the year before hitting 8% at the end of 2021. The UK, Japan, Germany, and Australia are set to keep their rates below 8% throughout next year, Goldman said.
  The US's lack of stricter job-preservation policies will likely turn many temporary layoffs permanent as employee-employer relatio
  
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• Here's why 3 Wall Street analysts just boosted their Apple price targets (AAPL)

  27-05-2020 21:52 via feedproxy.google.com
  
  A group of Wall Street analysts this week updated their price targets for Apple, citing increased iPhone demand, iPhone services, and store reopenings. 
  Shares of Apple dipped slightly Wednesday. 
  Here's why three Wall Street analysts boosted their price targets for Apple. 
  Watch Apple trade live on Markets Insider.
  Read more on Business Insider.
  A slew of Wall Street analysts boosted their Apple price targets this week, citing increased demand for iPhones, store reopenings, and s
  
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• These 5 'stay at home' stocks are getting pounded as the US economy reopens

  27-05-2020 21:49 via feedproxy.google.com
  
  Popular "stay at home stocks" are getting pounded as the US starts reopening its economy after sweeping lockdowns to curb the spread of coronavirus.
  As of Memorial Day weekend in the US, all 50 states had relaxed at least some restrictions set in place in mid-March to contain COVID-19. 
  Here are five "stay at home" stocks that are slumping as the US economy reopens. 
  Read more on Business Insider.
  A group of popular "stay at home" stocks are slumping as investors cheer the US economy r
  
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• Billionaire Ray Dalio is one of the world's richest hedge fund managers. Here are his best quotes on everything from the markets to meditation.

  27-05-2020 21:49 via feedproxy.google.com
  
  Hedge fund manager Ray Dalio who runs Bridgewater Associates is one of the world's wealthiest hedge fund managers. 
  Dalio recently said the American dream "does not exist" and capitalism may collapse if leaders don't act now. 
  Read more to discover more about his insights into investing and his life principles.
  Visit Business Insider's homepage for more stories.Legendary hedge fund investor Ray Dalio is renowned figure in the world of finance, but is equally famous for his views on lif
  
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• Dow climbs 350 points as investors cheer efforts to boost global economies

  27-05-2020 21:23 via feedproxy.google.com
  US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies.
  The European Commission proposed an $826 billion stimulus package intended to aid recovery from the coronavirus-induced recession.
  Oil slipped after an IEA report forecast a record drop in global energy investment this year.
  Read more on Business Insider.
  US stocks rose on Wednesday as investors were encouraged by signs that international authorities were taking meas
  
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• Micron climbs 6% after boosting sales guidance by more than expected (MU)

  27-05-2020 21:16 via feedproxy.google.com
  Micron climbed 6% on Wednesday after the company raised its fiscal third quarter revenue guidance to a range of $5.2 billion to $5.4 billion, according to an 8-K filed with the SEC.
  The company's raised guidance was well ahead of its previously forecast range of $4.6 billion to $5.2 billion and consensus third quarter revenue estimates of $4.91 billion.
  The announcement from Micron helped boost other chipmakers' shares, with the PHLX Semiconductor Index turning positive after the news.
  The semic
  
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• Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor

  27-05-2020 21:15 via feedproxy.google.com
  Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor.
  The hedge-fund manager revealed the sale of his Pershing Square fund's $1 billion Berkshire stake in a conference call on Wednesday.
  Pershing sold Berkshire in the past few weeks to free up cash so it can capitalize if prices fall again, Ackman said on the call.
  The move is surprising, as Ackman boosted his Berkshire holdings by more than a third in the first quarter.
  Visit Business Insider's homepage for more stories.
  Warr
  
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• We lost the war in Afghanistan — time to come home

  27-05-2020 20:35 via feedproxy.google.com
  
  Hello, everyone! Welcome to the next edition of Insider Today. Please sign up here. It's an all-David Plotz day today — enjoy! Henry Blodget slept in and awoke to find that Plotz had it covered. To view this on our site, click here.BLODGET & PLOTZTrump wants to pull out of Afghanistan early. He's right.
  You will no doubt be shocked — shocked — to hear that the situation in Afghanistan is a mess.
  Under the peace agreement signed in February, the US will withdraw all its forc
  
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• 3 Ways to track your inventory for better sell-through

  27-05-2020 20:13 via retailpro.com
  
  Retailers more than ever before are faced with critically evaluating their inventory to curate a selection of products that will sell quickly and reduce their inventory costs. The longer products sit on a shelf or in a warehouse, the faster … Continue reading →
  
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• Robinhood says it's fixed an issue that showed incorrect portfolio values for users

  27-05-2020 19:55 via feedproxy.google.com
  Robinhood said Wednesday it fixed an issue that led some users' portfolios to display incorrect balances.
  The company tweeted it "encountered an issue on May 27th that may have caused your app to temporarily display an incorrect portfolio value."
  Several users said their account values were moving out-of-step with their assets. One asked why their portfolio balance dropped $2,500 when the underlying securities "haven't moved more than a couple pennies."
  Visit the Business Insider homepage for mo
  
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• 7 Data insights to shape your retail decisions post COVID-19

  27-05-2020 19:42 via retailpro.com
  
  Finding opportunities in your business data with Retail Pro Decisions Save your spot for the webinar time that’s most convenient for you! Thursday, June 4 at 11am ET (ES) — Register here Tuesday, June 9 at 3pm GT (EN) — … Continue reading →
  
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• One of the most profitable trades since 1993 is broken amid the coronavirus pandemic (SPY)

  27-05-2020 19:30 via feedproxy.google.com
  Buying the S&P 500 ETF on the close and selling it on the open has been one of the most profitable trades in the stock market since the ETF's inception in 1993, according to research from Bespoke Investment Group.
  But in 2020, this trend reversed amid the coronavirus pandemic, with all of the gains in the market coming from regular trading hour sessions, rather than after-hours and pre-market trading sessions.
  Buying the open and selling the close has returned 16.9% over the first 100 tradin
  
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• Bank of America says a new bubble may be forming in the stock market — and shares a cheap strategy for protection that is 'significantly' more profitable than during the past 10 years

  27-05-2020 19:17 via feedproxy.google.com
  
  The attractiveness of US assets relative to the rest of the world is brewing a bubble in the stock market, according to equity-derivatives strategists at Bank of America. 
  They formulated a cheap strategy designed to profit from limited gains in some of the worst-performing stocks. 
  Click here for more BI Prime stories. Stock-market rallies do not have to be as monumental as the dot-com boom to qualify as bubbles. 
  For equity-derivatives strategists at Bank of America, the fo
  
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• Reopening your stores: optimize these 5 areas first

  27-05-2020 19:14 via retailpro.com
  
  Stores are starting to reopen across the world, and we are watching this very, very carefully.  We’re learning a ton of new things while watching what they are doing, because some of these stores are doing excellent business.  In some … Continue reading →
  
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• '100,000 people died, Joe, and all you did was try to help your friend the president': CNBC's Andrew Ross Sorkin unloaded on fellow anchor Joe Kernen over the severity of coronavirus

  27-05-2020 19:01 via feedproxy.google.com
  CNBC hosts Andrew Ross Sorkin and Joe Kernen fiercely clashed on Wednesday morning over the severity of the coronavirus pandemic, which has killed nearly 100,000 people in the US so far.
  "You panicked about the market, panicked about COVID, panicked about the ventilators, panicked about the PPE, panicked about ever going out again, panicked if we'd ever get back to normal," Kernan said.
  "Joseph, you didn't panic about anything!" Sorkin responded. "100,000 people died, Joe, and all you did was tr
  
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• Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains 'a real possibility'

  27-05-2020 18:18 via feedproxy.google.com
  The stock market can still set records in 2020 thanks to fresh risk-on attitude and the Federal Reserve's stimulus, the Wharton finance professor Jeremy Siegel said on Tuesday.
  If a second wave of coronavirus cases is avoided, "it's even a likelihood" that indexes will tear higher through the year, Siegel told CNBC.
  The professor's comments arrived as markets rallied through Tuesday's session. The S&P 500 breached 3,000 for the first time since early March before closing just below the key l
  
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• 7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades

  27-05-2020 18:13 via feedproxy.google.com
  
  More than 100,000 Americans have died from COVID-19, the disease caused by the novel coronavirus. 
  To slow the spread, officials have implemented varying forms of shelter-in-place orders and closed businesses. 
  A side-effect of those closures has meant an uptick in savings, cleaner air, and cheaper cars and homes, among others. 
  Here are seven charts that show a bit of silver lining to the crisis. 
  Visit Business Insider's homepage for more stories.By all measures, the corona
  
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• The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows

  27-05-2020 18:11 via feedproxy.google.com
  The Federal Reserve is mulling yield-curve control as a method for ensuring borrowing costs stay at historically low levels through the coronavirus recession, New York Fed president John Williams said Wednesday.
  The tool allows central banks to target certain long-term interest rates through the buying and selling of bonds.
  Such policy can "potentially compliment forward guidance and our other policy actions," Williams said on Bloomberg TV, adding "this is something that we're obviously thinking
  
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• A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor

  27-05-2020 17:54 via feedproxy.google.com
  The coronavirus pandemic is accelerating a capital war between the US and China, Michael Howell, the CEO of CrossBorder Capital, said in a Tuesday interview with CNBC.
  "The decision to share dollar swap lines with 14 other nations, effectively forming a de facto group of 15 countries, including America, that have access to dollars, that is a critical development," said Howell. 
  This is an effort to contain China, according to Howell. 
  Read more on Business Insider.
  The coronavirus pand
  
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• Luxury after lockdown: High quality, high value

  27-05-2020 01:40 via retailpro.com
  Crises such as COVID-19 present the shopping public with tough decisions. During the current uncertain times, many are anxious about surging unemployment rates and continued social distancing protocols in public. Some shoppers will be forced to “make do” and sacrifice … Continue reading →
  
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• WARC Awards 2020: Volvo takes Effective Innovation Grand Prix

  27-05-2020 01:00
  
  An innovation campaign that fused a keen understanding of its target audience with a new take on the brand’s heritage has won the Grand Prix for Effective Innovation at the 2020 WARC Awards.
  
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• Video game brands spend double on ads during COVID-19 crisis

  27-05-2020 01:00
  
  As demand for video games soared during lockdown in the US, gaming giants responded, competing for a slice of the action by spending $46.2 million in April this year – more than double the $21.4 million seen in January.
  
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• Qual research – ‘the business equivalent of antibodies’

  27-05-2020 01:00
  
  Online research methods are a practical alternative to the face-to-face variety in times of social distancing, but brands shouldn’t be tempted to stick with these post-pandemic as much is lost without the use of face-to-face research, a...
  
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• JD.com wins out over rivals during pandemic

  27-05-2020 01:00
  
  Superior logistics are the likely reason JD.com was able to outperform its rivals during China’s lockdown, say analysts.
  
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• China’s auto market sees deals-driven sales boost, but long-term outlook remains grim

  27-05-2020 01:00
  
  Auto sales in China grew 4.4% in April compared to the same month a year ago, to just over 2 million vehicles, for the first time in nearly two years.
  
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• Birds Eye evolves its messaging

  27-05-2020 01:00
  
  Frozen food brand Birds Eye is working on a “comeback plan” for more normal times, including reviewing the brand’s messaging and media mix through the lens of how consumers are reacting to more challenging economic circumstances.
  
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