Sales & Marketing news

• Judge rules that Hertz can sell $1 billion worth of new stock, dealing a blow to investors who gobbled up shares after its bankruptcy (HTZ)

  12-06-2020 22:41 via feedproxy.google.com
  
  Hertz, the car-rental giant which filed for bankruptcy in May due to the coronavirus pandemic, can sell $1 billion in new stock to raise money, a judge ruled Friday, according to The Wall Street Journal.
  Hungry traders have gobbled up the stock since its bankruptcy, and the company's lawyers cited that volatility as a "unique opportunity" to shore up its coffers.
  After the Chapter 11 filing on May 22, shares of Hertz skyrocketed and the stock flew up Robinhood's list of most popular names. Howev
  
  Read more

• Dow climbs 477 points as stocks rebound from their worst day since March

  12-06-2020 22:03 via feedproxy.google.com
  US stocks closed higher on Friday after a choppy trading session followed their worst single-day sell-off since March.
  Thursday's slide was driven by fears that a second wave of coronavirus cases could devastate the US economy.
  Stocks tied to an economic reopening — including airlines, cruise operators, and retailers — gained Friday after leading declines on Thursday. 
  Read more on Business Insider.
  US stocks closed higher on Friday after a volatile trading session higher Friday
  
  Read more

• 'A textbook recession-recovery trade': 3 Wall Street stock-strategy titans explain why the market's latest plunge is actually 'healthy' — and share their views for what's next

  12-06-2020 20:59 via feedproxy.google.com
  
  Jeff Kleintop, Lori Calvasina, and Thomas Lee weighed in on the drivers behind Thursday's violent stock sell-off and what may happen next during a webinar hosted by Business Insider.
  Stocks had posted their best 50-day rally in history, spanning from March 23 to early June, before trading about 7% lower on the week.
  Click here to sign up for our weekly newsletter Investing Insider.
  Click here for more BI Prime stories.The S&P 500 got taken to the cleaners on Thursday.
  Stocks sold off ha
  
  Read more

• US stocks turn negative as continued virus fears erase rally

  12-06-2020 19:56 via feedproxy.google.com
  US stocks fell on Friday, erasing earlier gains and extending losses after  their worst single-day sell-off since March.
  Thursday's slide was driven by fears that a second wave of coronavirus cases could devastate the US economy.
  Stocks tied to an economic reopening — including airlines, cruise operators, and retailers — gained early Friday after leading declines on Thursday. They later pared those gains. 
  Read more on Business Insider.
  US stocks fell on Friday, reversing e
  
  Read more

• Advertisement

• Reigniting interest in cinema

  12-06-2020 01:12
  
  Cinema faces a double challenge in wooing back film fans, needing to reassure them about safety as the COVID-19 threat lingers and to persuade them that the out-of-home experience on offer is preferable to paying to view a movie premiere in their...
  
  Read more

• Machado urges marketers to ‘walk the walk’ on diversity

  12-06-2020 01:12
  
  Brands need to make sure they “walk the walk” on diversity and inclusion rather than moving straight to making ads, according to Fernando Machado, global chief marketing officer of quick-service chain Burger King.
  
  Read more

• Inditex gets online sales boost

  12-06-2020 01:12
  
  Fashion retail giant Inditex, owner of brands like Zara and Massimo Dutti, is emerging from the COVID-19 lockdown in better shape than it might otherwise have done thanks to strong online sales growth; from 14% in 2019, the company is now aiming...
  
  Read more

• Digital engagement keeps Xiaomi active in India

  12-06-2020 01:12
  
  Xiaomi, the Chinese consumer electronics giant, yesterday formally launched its Mi Notebook 14 laptop in India, its sixth product launch in the country since mid-April, despite the restrictions imposed to combat the coronavirus pandemic.
  
  Read more

• Advertisement

• COVID-19 shifts food trends in Southeast Asia

  12-06-2020 01:12
  
  Consumers’ initial concerns around COVID-19 in Southeast Asia may have been focused around personal hygiene, but they’re now taking their general health much more seriously – beginning with the food they eat, according to research.
  
  Read more

• 35% of app marketing conversions result from retargeting

  12-06-2020 01:12
  
  Poor retention rates, intense competition and rising user acquisition costs are just some of the challenges facing app-marketers, which is why effective retargeting has become an increasingly important campaign tactic.
  
  Read more

• Quicken Loans, the largest mortgage lender in the US, has reportedly filed confidentially for an IPO

  12-06-2020 01:06 via feedproxy.google.com
  
  Quicken Loans, the largest provider of mortgage loans in the US, is planning to go public, CNBC reported Thursday.
  The company filed its IPO prospectus confidentially but may look to make it public as early as July, according to CNBC.
  The valuation is still being determined but is estimated to be in the tens of billions, sources told CNBC.
  Low interest rates on mortgages during the pandemic have sent Americans rushing back to the housing market, a boon for lenders like Quicken.
  Visit Business In
  
  Read more

• Dow plummets 1,862 points, its worst day since March, on cautionary Fed messages and 2nd-wave coronavirus fear

  12-06-2020 00:42 via feedproxy.google.com
  US stocks tanked on Thursday as cautious commentary from the Federal Reserve and rising coronavirus infection rates prompted investor concern.
  All three major indexes posted their biggest single-day declines since March 16.
  Texas, Florida, Arizona, and California all reported strong upticks in case counts or hospitalizations, increasing fears of a second wave of COVID-19 infections.
  The Federal Reserve said on Wednesday that the pandemic could result in permanent economic damage and an extended
  
  Read more

Follow @sales_mrktinguk on Twitter!