Sales & Marketing news

• Grubhub rockets 11% on reports of takeover interest from 2 European peers

  05-06-2020 22:13 via feedproxy.google.com
  Grubhub stock surged as much as 11.5% Friday afternoon on reports European peers Just Eat and Delivery Hero are interested in a takeover of the food delivery service.
  Grubhub is currently fielding multiple offers and considering regulatory risks in its decision, sources told CNBC.
  The new overseas interest arrives after May rumors of an Uber acquisition. The two companies are reportedly still mulling a deal and concerned about scrutiny from antitrust regulators.
  Watch Grubhub trade live here.
  Gr
  
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• Dow soars 829 points after surprising jobs report shows unemployment fell in May

  05-06-2020 22:03 via feedproxy.google.com
  US equities spiked on Friday after the Bureau of Labor Statistics announced an unexpected decline in unemployment and net job creation in May.
  The nation's unemployment rate dropped to 13.3% last month from 14.7%, trouncing economists' projections of a 19% rate.
  US employers added 2.5 million payrolls in the period, stunning experts who expected 7.5 million lost jobs.
  The hugely optimistic figures supported investors' hopes for a swift economic rebound through the second half of 2020.
  Oil rose a
  
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• Chewy's founder piled most of a $3.4 billion fortune into just 2 stocks after selling the company

  05-06-2020 21:59 via feedproxy.google.com
  Chewy founder Ryan Cohen only invested in Apple and Wells Fargo stock after he sold his company for $3.35 billion, Bloomberg Businessweek reported Friday.
  While the move is in stark disagreement with the oft-recommended strategy of diversification, Cohen said that he likes to "go all-in" when he finds bets he has "a lot of conviction in."
  In the two-and-a-half years since he made his bets, Wells Fargo shares have tanked.  Yet Cohen's heavier investment in Apple offset the losses.
  The t
  
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• SIGN UP NOW: How to invest during turbulent times — a conversation with 3 top market strategists

  05-06-2020 21:57 via feedproxy.google.com
  
  The coronavirus pandemic spurred the fastest stock-market crash in history and the deepest economic recession in the post-war era. And the subsequent recovery has been similarly torrid.
  Join Business Insider on Thursday, June 11 at 12 p.m. ET and hear from three investment strategists who will share their advice on how to navigate the unpredictable market landscape. 
  Business Insider's investing correspondent, Akin Oyedele, will speak with Lori Calvasina, managing director and head of US E
  
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• Shift4 Payments just surged 46% in its public-market debut. Its CEO walked us through the 300-meeting virtual road show it took to launch the IPO.

  05-06-2020 21:04 via feedproxy.google.com
  
  Shift4 Payments made its public-market debut on the New York Stock Exchange on Friday after raising $345 million in an initial public offering.
  Shift4, which largely supports restaurants and hospitality companies, has seen payment volumes begin to recover after initial decreases because of the coronavirus pandemic.
  The company was the first to ring the opening bell in person at the NYSE since it reopened the trading floor on May 26.
  For more stories like this, sign up here for our Wall Street In
  
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• America has become a nationwide body cam

  05-06-2020 20:35 via feedproxy.google.com
  
  Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here.
  Please take a moment to complete the following three-minute survey so that we can better deliver you Insider in your inbox.QUOTE OF THE DAY
  "Tripped and fell" — how the Buffalo Police Department originally described an incident where cops shoved a 75-year-old man to the ground, causing him to bleed out of his ears.BLODGET & PLOTZ
  America has become a nationwide body cam — and it's helpingIn 1965, o
  
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• Dow spikes 900 points after jobs-report shocker shows unemployment rate dropped in May

  05-06-2020 20:06 via feedproxy.google.com
  US equities spiked on Friday after the Bureau of Labor Statistics announced an unexpected decline in unemployment and net job creation in May.
  The nation's unemployment rate dropped to 13.3% last month from 14.7%, trouncing economists' projections of a 19% rate.
  US employers added 2.5 million payrolls in the period, stunning experts who expected 7.5 million lost jobs.
  The hugely optimistic figures support investors' hopes for a swift economic rebound through the second half of 2020.
  Oil rose aft
  
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• These 6 charts show how the jobs market is still suffering the effects of the pandemic even after Friday's wild report

  05-06-2020 20:01 via feedproxy.google.com
  
  The May jobs report shocked economists when it showed a declining unemployment rate and net positive job creation, signaling that a rebound from the coronavirus pandemic started earlier than expected. 
  Still, economists caution that the overall labor market is weak and has a long way to go before erasing the shock of the pandemic. 
  Here are six charts that break down the report beyond the headline numbers. 
  Visit Business Insider's homepage for more stories.The Friday May jobs rep
  
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• Hertz skyrockets 825% since filing for bankruptcy as Robinhood traders pile in (HTZ)

  05-06-2020 19:45 via feedproxy.google.com
  Since filing for bankruptcy in late May, Hertz has surged 825%.
  That's not what investors normally expect for a company that declared it can't meet its debt obligations.
  Hertz has surged higher following a steady drip of positive economic data that points to a recovery from the damage caused by the coronavirus.
  While retail investors on Robinhood loaded up on the stock, billionaire investor Carl Icahn liquidated his entire stake at 70 cents a share, for a loss of more than $1.8 billion.
  Visit Bu
  
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• 'Greatest miss in forecasting history': 4 economists and strategists react to Friday's surprising May jobs report

  05-06-2020 18:44 via feedproxy.google.com
  
  The May jobs report released Friday from the Labor Department showed the US economy gained 2.5 million jobs and the unemployment rate declined to 13.3%.
  It was a major surprise for economists and strategists as the consensus estimate was for more than 8 million jobs erased and the unemployment rate to surge to 19.5%.
  Here's what four economists and strategists said about the Friday report. 
  Visit Business Insider's homepage for more stories.The May jobs report on Friday came as a surprise t
  
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• Trump calls out Warren Buffett for selling all his airline stocks, says he made a mistake

  05-06-2020 18:36 via feedproxy.google.com
  Warren Buffett made a rare error when he dumped all his airline stock holdings in April, President Donald Trump said on Friday.
  "He's been right his whole life, but sometimes even someone like Warren Buffett — I have a lot of respect for him — they make mistakes," Trump said after a strong jobs report sent airline stocks skyward.
  Buffett's Berkshire Hathaway sold its stakes in the "big four" US airlines because the famed investor feared that passenger numbers wouldn't rebound and tha
  
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• An early Zoom investor reportedly made over $1.5 billion during the company's stunning surge

  05-06-2020 18:13 via feedproxy.google.com
  An early investor and former board member of Zoom Video made big gains from the company's surge in profits, Bloomberg reported Friday.
  Samuel Chen's firm Digital Mobile Venture participated in Zoom's early funding rounds and now has a 3.8% stake in the video-conferencing juggernaut.
  Chen reportedly said he considered himself "lucky" to have had the early investment opportunity in Zoom.
  Visit Business Insider's homepage for more stories.
  About a decade ago, Samuel Chen, a little-known investor fr
  
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• Investors' usual way of valuing companies is under scrutiny— and it could mean the end of the unprofitable unicorns that dominated in the last decade

  05-06-2020 18:05 via feedproxy.google.com
  
  Valuing companies — especially money-losing unicorns — was a challenge for investors before the coronavirus pandemic upended commerce and changed the way the world works.
  Now, hedge funds and other investment managers have to determine what kind of world we will be living in the future — and how a certain company will fit in it.
  "Companies with negative cash flow will need to prove a path to a sustainable business model in short order," said one hedge-fund manager.
  Visit Busine
  
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• Chart shows that black Americans weren't part of the surprise May hiring bump that benefited white and Latino workers

  05-06-2020 17:56 via feedproxy.google.com
  
  The black unemployment rate stood at 16.8% as of May, holding constant from the previous month.
  The level of unemployment fell slightly for white and Latino workers, and there was not a similar decline for black Americans.
  Black workers are bearing the brunt of the economic fallout.
  "Going into a recession, African Americans are the first ones to lose their jobs, and then when we have a recovery, they're the last ones to gain," one expert told Business Insider.
  Visit Business Insider's homepage
  
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• Here's why the May jobs report shocked economists who were expecting near-record unemployment and massive losses

  05-06-2020 16:54 via feedproxy.google.com
  
  The jobs report on Friday said the unemployment rate fell to 13.3% in May, a development that surprised many economists.
  It had been projected to hit a historic high of nearly 20%.
  Economists said that the unemployment rate would have been 3 percentage points higher had it not been for classification issues and that some workers could be returning to their old positions.Visit Business Insider's homepage for more stories.The jobs report released on Friday said the unemployment rate declined to 13
  
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• Goldman Sachs sees a rising possibility of a 'blue wave' in the November elections, which poses a risk to corporate profitability and dividends

  05-06-2020 16:41 via feedproxy.google.com
  Goldman Sachs sees an increased possibility of a "blue wave" in the November elections, which could impact corporate profits and dividends. 
  That could lead to a partial or full reversal of the Tax Cuts and Jobs Act corporate tax reform legislation. 
  "We estimate that a full reversal would lift the effective S&P 500 tax rate from 18% back to 26% and reduce our 2021 EPS forecast of $170 by $20 (11%) to $150," Goldman vice president of equity strategy Cole Hunter and chief US strateg
  
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• US shocks economists by adding 2.5 million jobs in May as unemployment declines to 13.3%

  05-06-2020 16:18 via feedproxy.google.com
  
  The Bureau of Labor Statistics on Friday said US employers added 2.5 million payrolls in May, a shocking figure that defied economists' expectations of 7.5 million jobs lost.
  The US unemployment rate declined to 13.3% in May, bucking forecasts of a near-record 19% reading.
  Visit Business Insider's homepage for more stories.Economists were shocked on Friday as the Bureau of Labor Statistics said US employers added 2.5 million payrolls in May, defying expectations of 7.5 million jobs lost. The sur
  
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• Citi just launched a new team that will apply data science to dealmaking. It shows how much tech is changing investment banking.

  05-06-2020 16:00 via feedproxy.google.com
  
  Citigroup is forming a new investment banking team, combining the firm's activism and shareholder defense, data science, and corporate finance advisory groups.
  The group aims to infuse data science into specialized teams to bolster dealmaking advice and make it more accessible across the division.
  The new global unit, called strategic advisory solutions, will number more than 80 bankers and will be led by top activism defense banker Muir Paterson.
  Citi is betting the combined powers of the new g
  
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• Here are 6 of the top chart patterns used by technical analysts to sell stocks

  05-06-2020 15:05 via feedproxy.google.com
  Technical analysts believe that stock prices often trade in patterns, as the motivating driver behind the movement of stocks is humans, and humans exhibit the same emotions when it comes to their money: fear and greed.
  These two predictable emotions help create predictable trading patterns that technical analysts try to capitalize on.
  Here are six of the top bearish patterns that technical analysts use to sell stocks.
  Visit Business Insider's homepage for more stories.
  One of the biggest drivers
  
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• Why TV ads need persuasion rating points

  05-06-2020 01:04
  
  Television advertisers could benefit from using the “persuasion rating point” as a metric to understand the impact of their commercials, according to a study published by the Journal of Advertising Research (JAR)
  
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• When the money runs low: what brands can do for their customers

  05-06-2020 01:04
  
  Firms need to accommodate customers and partners with uncertain or reduced incomes due to the COVID-19 pandemic or lose their business entirely, according to a new report by Forrester.
  
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• Poor email deliverability hits the bottom line, say marketers

  05-06-2020 01:04
  
  New research reveals that 91% of marketers believe poor email deliverability has a negative financial impact on their business, with 8% saying the effect was severe.
  
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• NRMA learns the hard way

  05-06-2020 01:04
  
  Bushfires, floods and the COVID-19 outbreak have forced Australian insurer NRMA to be flexible about plans – and it has learned some key lessons about adapting quickly.
  
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• Brands and agencies step up BLM support

  05-06-2020 01:04
  
  While vocal support for the Black Lives Matter movement continues – witness the latest McDonald’s ad – brands and agencies are also beginning to offer financial donations to organisations that can help fight discrimination on the ground.
  
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• Ad-free video streaming services risk losing almost £100m

  05-06-2020 01:04
  
  Providers of subscription-based streaming services in the UK could lose up to £97.3m in revenue because British consumers are now more open to ad-supported content and are no longer prepared to pay as much for their monthly fee.
  
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