Sales & Marketing news

• Treasury Secretary Mnuchin doubles down on decision to delay putting Harriet Tubman on the $20 bill for 10 more years

  11-06-2020 23:45 via feedproxy.google.com
  
  Mnuchin doubled down on the move to delay putting Harriet Tubman on the $20 bill, saying it wouldn't happen before 2030.
  The Treasury secretary called his involvement in the decision a "myth," even though the Obama administration had launched the effort and sought to unveil the bill this year.
  Mnuchin held off on saying whether the former slave and abolitionist should be on the $20 bill.
  Visit Business Insider's homepage for more stories.Treasury Secretary Steven Mnuchin doubled down on the Trum
  
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• Mortgage rates plunge below 3%, setting a new record low amid growing fears of a 2nd coronavirus wave

  11-06-2020 22:18 via feedproxy.google.com
  The average rate on the 30-year fixed mortgage fell to a record low of 2.94% Thursday, according to Mortgage News Daily.  
  It's the first time that the rate has ever fallen below 3%. 
  The rate, which had recently edged higher, fell amid a broader market sell-off as fears of a second wave of coronavirus cases mount. 
  Read more on Business insider. 
  Mortgage rates, which just last week were edging higher, hit a fresh low amid a broad market sell-off on fears that a second
  
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• The S&P 500 can surge more than 20% to record highs if it holds this key support level, BofA says (SPY)

  11-06-2020 22:01 via feedproxy.google.com
  The S&P 500 can surge more than 20% to 3,700, representing record highs, if the market can hold on to a key support level, Bank of America said in a note Thursday.
  "If the S&P 500 holds above or within the 3000 - 2930 range on interim dips, the late May breakout suggests that a move beyond the January-February highs of 3394 toward 3700 is possible," the bank said.
  For the Nasdaq, the bank identified 11,230 as a key price objective for the tech index, representing potential upside of 17%
  
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• The S&P 500 briefly erased its 2020 losses in a wild rally. Here's how much each sector jumped after the coronavirus sell-off.

  11-06-2020 21:32 via feedproxy.google.com
  The S&P 500 erased its year-to-date losses on June 8, ending the coronavirus slump amid growing optimism for economic recovery.
  The index bottomed on March 23 after sliding 34% from its record high on early coronavirus worries.
  Since reaching that trough, the S&P 500 has rallied on unprecedented Federal Reserve aid, optimism for a swift rebound, and better-than-expected economic data.
  Here's how all 11 of the index's sectors have performed since hitting the March 23 floor.
  Watch the
  
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• We spoke to 3 financial experts, who broke down why you should buy these 13 ETFs to maximize stock-market returns right now

  11-06-2020 20:54 via feedproxy.google.com
  
  With the stock market climbing off multiyear lows, investors are seeking opportunities in a market that's confounded even the top Wall Street strategists.
  One way to gain diverse exposure to a basket of companies, rather than individual stocks, is to purchase exchange-traded funds.
  Business Insider interviewed three ETF experts to get their top picks for funds designed to play themes ranging from international equities, to healthcare, to video games and esports.
  Click here to sign up for our wee
  
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• Famed short seller Andrew Left lays out his methodology for finding the stock market's weakest links — and says he's terrified of newbie day traders that think they can outsmart Carl Icahn and Warren Buffett

  11-06-2020 20:51 via feedproxy.google.com
  
  Citron Research founder Andrew Left says understanding the reasons people buy a stock is critical to his process of betting against it.
  Left also told Business Insider he was not shorting a lot of soaring "work-from-home" stocks despite their big gains because it's simply the wrong time.
  He's concerned about both the prevalence of day trading in troubled companies and the effects of a rising stock market during a period of deep economic pain.
  Click here to sign up for our weekly newsletter Inves
  
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• Meet 10 Wall Street power players picking through up to $1 trillion in new distressed debt opportunities to bag huge returns

  11-06-2020 20:27 via feedproxy.google.com
  
  Top distress investors include Avenue Capital founder Marc Lasry and Aurelius Capital founder Mark Brodsky, as well as power players from Blackstone's GSO unit and Elliott Management.
  Distress investing, a subsection of alternative investing that takes advantage of bankruptcies and other high-risk situations, struggled to find opportunities for years.
  The pandemic caused by the novel coronavirus has put these investors back in the spotlight.
  Lasry said in a June webinar that he expects there to
  
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• US business debt surged a record 19% in the first quarter as companies braced for economic fallout

  11-06-2020 20:22 via feedproxy.google.com
  
  US nonfinancial businesses debt surged a record annualized 18.8% in the first quarter, according to a Thursday report from the Federal Reserve.
  A jump in loans and corporate bond issuance pushed total US nonfinancial business debt to $16.8 trillion, higher than the level of household debt. 
  Companies likely boosted their debt in preparation of riding out a downturn sparked by the coronavirus pandemic. 
  Visit Business Insider's homepage for more stories.US nonfinancial business debt sur
  
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• Stocks tank as pandemic fears return

  11-06-2020 20:00 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 we can continue to improve this email and give you "Insider in your inbox."QUOTE OF THE DAY
  "I should not have been there." — Gen. Mark Milley, Chair of the Joint Chiefs of Staff, apologized for accompanying President Trump during his Lafayette Park photo-op last week, saying it "created a perception of the military involved in domestic po
  
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• Oil dives 11% as investors fear a 2nd wave of coronavirus and the US reports surging crude inventories

  11-06-2020 19:40 via feedproxy.google.com
  Oil prices fell sharply Thursday as fears that a second wave of coronavirus could stunt economic activity and commodity demand gripped investors, and oil inventories rose significantly.
  On Wednesday data showed that US crude oil inventories rose by 5.7 million barrels compared to last week, suggesting demand is not recovering as expected even as the US economy reopens.
  Analysts said rising coronavirus cases this week in India and the US increase the threat of a second wave of coronavirus, meanin
  
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• 'Plenty of tricks up their sleeve': Here's what 4 experts think about the Fed's dismal economic forecast and extension of near-zero rates

  11-06-2020 19:25 via feedproxy.google.com
  The Federal Reserve's extension of near-zero interest rates was largely expected, but statements from chairman Jerome Powell and new economic forecasts left experts plenty to digest.
  Powell warned of a "long road" to labor-market recovery, while the central bank's first projections since December see historically low rates lasting through 2022.
  Policymakers' cautious tone reminded investors of lasting economic risks and contributed to the stock market's biggest single-day drop since April.
  Here'
  
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• Hertz insiders sell shares during post-bankruptcy 1450% rally fueled by Robinhood traders (HTZ)

  11-06-2020 18:58 via feedproxy.google.com
  Insiders at Hertz took advantage of an epic 1,450% rally in the stock to unload shares at levels where Robinhood traders were buying.
  Despite filing for bankruptcy in late May, and Carl Icahn unloading his entire stake for a $1.6 billion loss, traders piled into Hertz in late May and early June, fueling an eye-popping rally.
  Since the start of the rally in late May, 10 different Hertz insiders unloaded shares at prices ranging from 86 cents to $5.50.
  Visit Business Insider's homepage for more st
  
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• Tesla competitor Nikola is doomed to fall 40% in a month, a famed short-seller says (NKLA)

  11-06-2020 18:42 via feedproxy.google.com
  Nikola has been on a tear since it went public last week — the electric-truck maker's stock doubled in one day as investors, hungry for another Tesla-like stock to invest in, piled into it.
  At one point, Nikola, which has yet to sell a single car or generate revenue, saw its market valuation surpass car giants such as Ford and Fiat Chrysler that sell millions of cars every year.
  The short-seller Andrew Left of Citron Research said this week that the party's over and that he expects Nikola
  
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• Billionaire investing legend and Milwaukee Bucks owner Marc Lasry said there could be $1 trillion in opportunities over the next year in distressed companies

  11-06-2020 18:37 via feedproxy.google.com
  
  Distressed-debt investors have been aggressively raising money since the effects of the pandemic on the global economy became clear in the spring.
  The equity markets' bounce back has not taken away opportunities, according to legendary distressed investor Marc Lasry.
  Lasry, the owner of the Milwaukee Bucks and a big fundraiser for Joe Biden, said on a webinar Thursday he expects to see between $500 billion to $1 trillion in opportunities worldwide over the next year.
  Sign up here for our Wall St
  
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• Stocks tied to an economic reopening slump as investors worry about a 2nd wave of coronavirus

  11-06-2020 18:09 via feedproxy.google.com
  Stocks that've surged in recent weeks on hopes of a US economic reopening and recovery plunged Thursday.
  Investor confidence in airlines, cruise lines, and retailers waned as fears of a second wave of coronavirus cases mounted. 
  Here's how much a group of stocks tied to the economic reopening fell. 
  Read more on Business Insider.
  Stocks tied to the US economy reopening slid Thursday as fears of a second wave of coronavirus cases mount. 
  Shares of airlines, cruise lines, and retail
  
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• Boeing dives 12% after supplier is directed to pause production of 737 MAX shipsets (BA, SPR)

  11-06-2020 17:43 via feedproxy.google.com
  Boeing dived 12% on Thursday after its supplier, Spirit Aerosystems, said it was directed by Boeing to pause production of parts used in the troubled 737 MAX plane.
  The announcement from Spirit helped dampen investor enthusiasm for the return of the 737 MAX plane, which is on track for key test flights later this month, according to Bloomberg.
  Spirit said it expects to cut production of shipsets for the 737 MAX by at least 16%, and plans to implement layoffs as a result.
  Visit Business Insider's
  
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• Bill Ackman's Pershing Square reportedly files to create 'blank check' company worth more than $1 billion

  11-06-2020 17:19 via feedproxy.google.com
  Pershing Square Capital founder Bill Ackman filed with US regulators for an initial public offering of a colossal buyout vehicle, CNBC reported Thursday.
  The billionaire investor plans to raise at least $1 billion in the IPO, potentially creating the biggest-ever special-purpose acquisition company.
  Such firms raise capital from investors for takeovers. Some of the year's most popular SPAC deals include electric-truck manufacturer Nikola and sports-betting platform DraftKings.
  It's not yet known
  
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• UK SMEs use digital advertising – but they need more help to understand it

  11-06-2020 01:24
  
  A new study from the Internet Advertising Bureau (IAB) finds that 60% of UK SMEs are now using paid digital advertising, and half of SMEs say digital is playing a more important role than ever during the COVID crisis.
  
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• Programmatic budgets hold steady in Asia with OTT video set to grow

  11-06-2020 01:24
  
  Programmatic advertising in Asia continues to grow, with media buyers championing OTT as the major growth format for 2020, according to a new report by...
  
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• P&G builds on breakthrough diversity marketing

  11-06-2020 01:24
  
  Procter & Gamble, the consumer-packaged goods manufacturer, has built on its previous breakthrough marketing on diversity and inclusion with a powerful video entitled “Circumstances”.
  
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• Mastercard’s ‘True Name’ supports transgender and non-binary consumers

  11-06-2020 01:24
  
  Mastercard, the payments company, actively demonstrated its support for the transgender and non-binary communities with the “True Name” initiative, which enables these consumers to put their chosen name on the front of their cards.
  
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• Mars sees potential in attention metrics

  11-06-2020 01:24
  
  It is important to test emerging metrics and more agile approaches to understand creative excellence, believes Mars’ Sorin Patilinet, and, with that in mind, the food-to-petcare business is exploring how it can best use attention.
  
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• How to modernise pharma comms

  11-06-2020 01:24
  
  Health communications face a truly unique suite of challenges, but many of the elements that set it and its practitioners apart have also created a set of standards and stereotypes that need updating – a new whitepaper from Havas seeks an...
  
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• China’s new normal in the post-COVID era revealed

  11-06-2020 01:24
  
  Data-crunching by e-commerce giant JD.com offers new insight into lasting, post-COVID consumer trends following its huge 618 Grand Promotion – the biggest mid-year shopping festival in China – along with online shopping behaviours for the first...
  
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