Sales & Marketing news

• 'Everyone should be worried': A top Trump economic adviser set to leave the White House issued some ominous parting words

  22-06-2020 22:57 via feedproxy.google.com
  
  White House economic adviser Kevin Hassett is set to leave the administration, and he had some parting words in a Washington Post interview on Monday.
  "I think everyone should be worried about how this is going to turn out in the end, because it's a shock unlike anything we've ever seen," he said.
  Hassett helped connect the administration's economic and health teams and coordinate their data analysis.
  He was also criticized for publishing a chart that showed coronavirus deaths dropping to zero b
  
  Read more

• MORGAN STANLEY: The best-performing stocks for the end of recessions are loaded for surprising gains in the second half of the year. Here's what to buy now so your portfolio is ready.

  22-06-2020 22:35 via feedproxy.google.com
  
  Morgan Stanley US equity chief Mike Wilson thinks the economy's reopening will be faster than many expect and says he has received pushback for this view.  
  His bullish outlook leads him to recommend buying cyclical stocks that historically do best in the early stages of recoveries.  
  Wilson recommends two areas of the stock market that he thinks are ideal for playing the recovery.
  Click here to sign up for our weekly newsletter Investing Insider.
  Click here for more BI Prime
  
  Read more

• Billionaire investor Bill Ackman's 'blank check' company is seeking to raise as much as $6.45 billion

  22-06-2020 22:34 via feedproxy.google.com
  Bill Ackman's "blank check" company, called Pershing Square Tontine Holdings, is seeking to raise as much as $6.45 billion.
  Three billion dollars of the total will be raised from outside investors through an initial public offering, according to a regulatory filing.
  Funds associate with Pershing Square will purchase between $1 billion and $3 billion of additional shares, the filing says. 
  If the banks involved in the initial public offering exercise the over-allotment option, it would bring
  
  Read more

• Dow rises 154 points as economic recovery outweighs growing coronavirus cases

  22-06-2020 22:13 via feedproxy.google.com
  US stocks rose on Monday as investor focus on continued economic-reopening progress offset spiking global coronavirus cases.
  Gold rose, nearing its highest level since 2012, as investors bought the safe-haven asset.
  New coronavirus cases have hit records in some US states and continue to increase globally.
  Read more on Business Insider.
  US stocks rose on Monday, reversing earlier losses, as investor focus on continued economic-reopening progress offset spiking global coronavirus cases.
  
  Read more

• Advertisement

• US poverty fell in April and May due to federal relief programs, even as COVID-19 ravaged the economy, new study suggests

  22-06-2020 21:57 via feedproxy.google.com
  
  Poverty in the US dropped in April and May, even as the economy cratered due to the pandemic, a new study from researchers at the University of Notre Dame and the University of Chicago suggests.
  Researchers estimate the poverty rate fell 2.3 percentage points to 8.6% in April and May, from 10.9% in January and February.
  The remarkable findings highlight the broad reach of the federal intervention and its effectiveness in shoring up people's finances during a downturn, particularly low-income wor
  
  Read more

• Hertz shares are likely going to $0, Morgan Stanley says (HTZ)

  22-06-2020 21:29 via feedproxy.google.com
  Morgan Stanley on Monday lowered its base case for Hertz to $0 from $2, citing risks of de-listing or a potential liquidity shortfall.  
  The firm's base case is now equal to its bear case. Morgan Stanley also lowered its bull case for Hertz to $3 from $8. 
  The updated price target reflects the bank's view "that our Bear case has a higher probability of occurring than our Bull case," wrote analyst Adam Jonas. 
  The firm also believes that "it is more likely than not that equity
  
  Read more

• Blackstone CEO Stephen Schwarzman forecasts 'big V' economic recovery this summer

  22-06-2020 20:54 via feedproxy.google.com
  The economy will stage a "big V" rebound from its second-quarter lows over the next few months, Blackstone CEO Stephen Schwarzman said on Monday.
  Economic reopenings will drive the first bounce-back but fail to bring the US back to 2019 levels of activity, he said during the Bloomberg Invest Global virtual conference.
  A viable coronavirus vaccine will drive the second stage of recovery, and "people are much more optimistic" that one will come to market faster than in the past, the CEO added.
  Vis
  
  Read more

• Sonos soars after short-seller Andrew Left predicts Apple acquisition, says he sees 130% upside (SONO, AAPL)

  22-06-2020 20:50 via feedproxy.google.com
  Sonos surged Monday after famed short-seller Andrew Left of Citron Research published a note that said Apple is likely to acquire the smart-speaker company.
  Citron expects shares of Sonos to surge roughly 130% from current levels, to $30.
  The firm praises Sonos' resilience against large cap tech competitors like Google, Amazon, and Apple, and points to the company's 18 years of consecutive revenue growth as evidence of the company's strong product ecosystem.
  "The strength of Sonos brand is best
  
  Read more

• Advertisement

• US stocks rise as economic recovery outweighs growing coronavirus cases

  22-06-2020 20:30 via feedproxy.google.com
  US stocks rose on Monday, paring earlier losses as investors focused on increasing global coronavirus cases and continued economic-reopening progress.
  Gold rose, nearing its highest level since 2012, as investors bought the safe-haven asset.
  New coronavirus cases have hit records in some US states and continue to increase globally.
  Read more on Business Insider.
  US stocks rose on Monday, paring losses from earlier in the day, as investors weighed increasing global coronaviruses cases against eco
  
  Read more

• TikTok-gate is a bad sign for Trump

  22-06-2020 20:05 via feedproxy.google.com
  
  Hello, everyone! Welcome to the new edition of Insider Today. Insider columnist Anthony Fisher joins us with thoughts today on Trump's rally disaster. Please sign up here.QUOTE OF THE DAY
  "She's a very straight, serious person, and totally incorruptible and honest." — a former colleague describing Audrey Strauss. She will be the acting US attorney in Manhattan after Attorney General Bill Barr botched his weekend attempt to force out Strauss' predecessor Geoffrey Berman and replace him
  
  Read more

• Ken Griffin's Citadel is cashing in on the day-trading boom by buying customers' orders

  22-06-2020 19:24 via feedproxy.google.com
  Ken Griffin's Citadel Securities is cashing in on the day-trading boom, the Financial Times reported on Sunday.
  The market maker handles 40% of shares traded by individual investors in the US, the newspaper said, citing data from Piper Sandler.
  Citadel has benefited from a surge in retail investing fueled by the advent of zero-commission trading and the coronavirus pandemic.
  Visit Business Insider's homepage for more stories.
  Citadel Securities, the sister firm of the billionaire Ken Griffin's h
  
  Read more

• Goldman Sachs just revealed its top stock picks from every part of the energy industry. Here are the 22 stocks to buy now as oil prices climb.

  22-06-2020 19:13 via feedproxy.google.com
  
  While the price of oil is still down about 35% relative to the start of the year, it has climbed in recent weeks as demand recovers. 
  That's certain to benefit a handful of energy companies including shale producers like EOG Resources and integrated oil majors, such as ConocoPhillips, Goldman Sachs analysts said in a recent note. 
  But even though fuel demand is recovering as economies open up, many refiners remain unfavorable picks, due in part to a large oversupply of oil. 
  Visit
  
  Read more

• Gold climbs to nearly 8-year high as revived coronavirus concerns push investors to safe havens

  22-06-2020 18:55 via feedproxy.google.com
  Gold contracts for August delivery leaped as much as 1.5% to $1,779 per ounce, reaching the highest level in nearly eight years.
  Investors piled into safe havens through the session as spiking coronavirus infections throughout the US ratcheted up fears of a prolonged recession.
  The precious metal has also thrived on bets for interest rates staying near zero. Lower rates boost gold's relative value for yield-hungry investors.
  Watch gold trade live here.
  Gold futures leaped as much as 1.5% on Mond
  
  Read more

• 3 of the most popular stay-at-home stocks hit all-time highs as coronavirus cases climb (NFLX, PTON, ZM)

  22-06-2020 18:42 via feedproxy.google.com
  Three popular stay-at-home stocks surged Monday as coronavirus cases climb in the US and around the world. 
  Netflix, Peloton, and Zoom stocks all hit record highs in intraday trading Monday as investors watched growing COVID-19 case numbers. 
  At the same time, the so-called reopening stocks including airlines, cruise lines, and retailers slumped. 
  Read more on Business Insider.
  Three of the top stay-at-home stocks are again surging as the number of coronavirus cases climbs, increa
  
  Read more

• Investors should drop 'sell in May' strategy as summer stock-market rally could be in the cards, Bank of America says

  22-06-2020 18:20 via feedproxy.google.com
  Investors should abandon the often-said "sell in May and go away" market axiom, as a summer market rally happens more often than not, Bank of America said in a note published on Monday.
  Instead, investors should sell in July/August instead of May to avoid missing a strong summer market rally. 
  The bank thinks summer seasonality data and contrarian bullish sentiment indicators suggest a summer rally or catch-up trade is in the cards for the stock market.
  Visit Business Insider's homepage for
  
  Read more

• YouTube launches new shoppable direct ad format

  22-06-2020 01:05
  
  YouTube unveiled a new direct response ad format last week that it claims will make ads on YouTube more “shoppable” by adding browsable product images that link from the video directly to a brand’s own product page.
  
  Read more

• Time for brands to invest in customer experience

  22-06-2020 01:05
  
  COVID-19 has upended the customer experience, but brands now need to be thinking beyond short-term fixes and develop twin strategies for both brand and customer journey recovery.
  
  Read more

• Navigating India's new e-commerce landscape

  22-06-2020 01:05
  
  In India, as elsewhere, COVID-19 has accelerated a shift to e-commerce, a development which is making online adaptability and agility a core survival skill across categories; Madhurya Alankaar has some tips.
  
  Read more

• McDonald’s plans major marketing push

  22-06-2020 01:05
  
  McDonald’s, the quick-service restaurant chain, has committed to a major investment in marketing as it seeks to begin the recovery process from the challenges of the COVID-19 pandemic.
  
  Read more

• Chinese brands face consumer backlash in India

  22-06-2020 01:05
  
  India is a very important market for Chinese consumer electronics and smartphone brands, but ongoing tensions over the disputed Ladakh region in the Himalayas has prompted Indian celebrity management companies to advise them to rethink their...
  
  Read more

• Amazon’s Twitch to show Premier League games

  22-06-2020 01:05
  
  Twitch is primarily known for video game streaming, but with the return of the English Premier League, the Amazon-owned service is opening up possibilities for shared viewing and the creation of community in new spaces.
  
  Read more

Follow @sales_mrktinguk on Twitter!