Sales & Marketing news

• Fed suspends share buybacks and limits dividends for big banks after stress test results

  25-06-2020 23:10 via feedproxy.google.com
  The Federal Reserve on Thursday imposed new restrictions on the US banking system after its annual stress test showed that some banks may approach minimum capital levels under certain coronavirus pandemic scenarios. 
  Banks will be required to suspend share repurchases for the third quarter of the year, the central bank said in a statement. 
  In addition, the board is also capping dividend payments and requiring large banks to re-submit and update capital plans later in the year to refle
  
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• Bank stocks surge after regulators ease financial crisis-era Volcker Rule (JPM, GS, BAC, C, WFC)

  25-06-2020 22:10 via feedproxy.google.com
  Bank stocks surged on Thursday after financial regulators announced they would ease the financial crisis-era Volcker Rule.
  The Volcker Rule generally prohibited banks from engaging in proprietary trading and from having certain relationships with hedge funds and private equity funds.
  The rule change will provide banks greater flexibility in sponsoring funds that provide loans to companies, allowing investments in qualifying venture capital funds.
  JPMorgan, Bank of America, Goldman Sachs, Citigro
  
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• Dow climbs 300 points in volatile trading as investors weigh virus impact on economic reopening

  25-06-2020 22:08 via feedproxy.google.com
  US stocks gained on Thursday as investors weighed the effect of surging coronavirus cases on economic-reopening efforts.
  Bank stocks led a midday reversal into positive territory after the Federal Deposit Insurance Corporation rolled back post-financial-crisis rules.Meanwhile, states such as Texas, Florida, and Arizona have seen spikes in COVID-19 cases, spurring concerns of a slower-than-expected economic reopening.
  US weekly jobless claims totaled 1.5 million in the week that ended on Saturday
  
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• Curbside retail is here to stay

  25-06-2020 22:00 via retailpro.com
  
  Thinking out of the box and providing new ways for customers to connect with retail has long been critical for businesses to maintain loyal shoppers as well as to attract new prospects. Sometimes, circumstances such as COVID-19’s mandated social distancing … Continue reading →
  
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• Curbside retail: here to stay, and simpler with Retail Pro Prism POS

  25-06-2020 22:00 via retailpro.com
  
  Thinking out of the box and providing new ways for customers to connect with retail has long been critical for businesses to maintain loyal shoppers as well as to attract new prospects. Sometimes, circumstances such as COVID-19’s mandated social distancing … Continue reading →
  
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• It's great that dead people got $1.4 billion in stimulus checks, stop whining

  25-06-2020 21:37 via feedproxy.google.com
  
  According to a new report from a federal watchdog, the government sent out $1.4 billion in coronavirus stimulus checks to dead people.
  People are very mad about this "waste."
  These people are very wrong. In fact, it's more worrying that the amount of overpayment was too low.
  People are dying, people are unemployed. We should be more worried that the government isn't doing enough, not that the government accidentally overpaid slightly in a rush to save the economy.
  This is an opinion column.
  
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• Spotify surges 9% after Goldman sets Street-high price target on podcast potential (SPOT)

  25-06-2020 21:10 via feedproxy.google.com
  Spotify surged as much as 9% on Thursday after Goldman Sachs raised its price target from $205 to a Street-high of $280 on the potential podcasts can have on Spotify's business.
  "Exclusive podcast deals, acquisitions, and new podcast monetization functionality" will help Spotify drive share gains of the global podcast audience and serve as a differentiator to attract music subscribers to the company, Goldman said in the note.
  The firm believes recent moves by Spotify set the company up for a fav
  
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• Recessionary shoppers: convenience over experience?

  25-06-2020 20:59 via retailpro.com
  
  For the past several years, retailers have seen two types of customers. The first are those who, after living through a number of recessions, have determined they must protect their money at all costs. They are experts on value, seeking … Continue reading →
  
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• Job losses are 4 times worse for the lowest-paid workers so far in the coronavirus pandemic, study shows

  25-06-2020 20:49 via feedproxy.google.com
  
  More than 35% of all workers in the lowest wage group lost a job through mid-April compared to 9% of workers in the highest-earning group, economists led by Tomaz Cajner of the Federal Reserve Board wrote in a recent paper.
  Employment declines were also four percentage points lower for women than men, the study showed. 
  The study confirms that the weight of the coronavirus pandemic is falling hardest on those least able to bear it.
  Visit Business Insider's homepage for more stories.Coronavi
  
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• Why are masks political?

  25-06-2020 20:00 via feedproxy.google.com
  
  Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here.QUOTE OF THE DAY
  "The film represents enslaved Black people in accordance with longstanding stereotypes, as servants, notable for their devotion to their white masters or for their ineptitude. And the film's treatment of this world through a lens of nostalgia denies the horrors of slavery as well as its legacies of racial inequality." — Film scholar Jacqueline Stewart's new introduction to Gone with the Wind,
  
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• A high-growth fund manager is tripling her peers' returns in 2020 while targeting nontech industries like beer and restaurants. She breaks down how she picked out 5 of the most innovative companies.

  25-06-2020 19:31 via feedproxy.google.com
  
  Prabha Ram's American Century Focused Dynamic Growth Fund looks for highly profitable innovations, and some of its most successful picks have been in unexpected industries.
  While Big Tech dominates the market and has certainly innovated, Ram told Business Insider any innovation that helps a company's customers do business can make a great investment.
  In 2020, Ram's fund has tripled the return of the typical fund in its high-growth category.
  Click here to sign up for our weekly newsletter Investi
  
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• Trump supports another round of stimulus checks, but Republicans are extremely split on sending more government cash to people

  25-06-2020 19:18 via feedproxy.google.com
  
  Trump approves of another wave of stimulus checks for Americans, but congressional Republicans are extremely split on the issue.
  Many GOP senators are staunchly opposed to the idea, but some have expressed a willingness to target aid to people hurting the most.
  "I think a lot of Republicans don't believe that broad-based stimulus checks are the most economically efficient response to the downturn," conservative economist Brian Riedl told Business Insider. "But they understand that politically, y
  
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• Wall Street firm says Apple could surge another 18% — and even be the first company to hit a $2 trillion market value next year (AAPL)

  25-06-2020 18:47 via feedproxy.google.com
  Wedbush on Wednesday increased its Apple price target to $425 from $375, citing a demand snapback and the upcoming 5G cycle.
  That implies that Apple stock could surge another 18% from where it traded at Wednesday's close.
  Shares of Apple dipped slightly in early trading on Thursday.
  "We believe during 2021 Apple has strong potential to be the first $2 trillion valuation given the 5G tailwinds and services momentum potential over the coming years," the Wedbush analyst Daniel Ives said in a note.W
  
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• Aram Green has crushed 99% of his stock-picking peers over the last 5 years. He details his approach for finding hidden gems — and shares 6 underappreciated stocks poised to dominate in the future.

  25-06-2020 18:06 via feedproxy.google.com
  
  Fund manager Aram Green specializes in finding promising companies that are about to start getting a lot more attention. He shared with Business Insider a series of surprising post-coronavirus bets.
  Green says he's buying or building positions in companies that have either fallen too far as a result of temporary problems, or which turned have escaped the harm that investors once expected. 
  His ClearBridge Select Fund has long been one of the strongest performers in the space, as it's double
  
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• US stocks fluctuate as investors digest surging virus cases and steady jobless claims

  25-06-2020 18:05 via feedproxy.google.com
  US stocks whiplashed Thursday as investors weighed eased banking regulations against spiking coronavirus cases and new economic data. 
  States such as Texas, Florida, and Arizona have seen spikes in COVID-19 cases, and there's been an uptick in cases globally.
  US weekly jobless claims totaled 1.5 million in the week that ended on Saturday, roughly in line with the previous week and slightly above economists' forecasts.
  Read more on Business Insider.
  US stocks whipped between slight gains and
  
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• IMF warns a disconnect between financial markets and economies threatens a correction in risk assets

  25-06-2020 18:01 via feedproxy.google.com
  A disconnect between financial markets and the real economy raises the risk of a correction in risk assets, the International Monetary Fund warned in its Global Financial Stability update Thursday.
  A correction is defined as a drop of at least 10% in the price of an asset. 
  There are a number of triggers that could spark a sell-off in risk assets, which could "add financial stress on top of an already unprecedented economic recession," according to the report.
  Read more on Business Insider.
  
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• The Treasury Department sent dead people more than 1 million stimulus checks totaling $1.4 billion

  25-06-2020 17:44 via feedproxy.google.com
  
  A congressional watchdog issued a report that said the federal government sent 1.1 million stimulus checks to dead people, totaling $1.4 billion.
  The report from the Government Accountability Office said that in the scramble to issue direct payments, administrative problems led to cash being sent to the deceased.
  Around $269 billion in stimulus payments had been sent as of May 31, and the payments to dead people made up a sliver of the entire government payout.
  Treasury officials had ordered del
  
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• Softbank-backed Lemonade wants to raise up to $286 million in an IPO — valuing the 'insurtech' firm at about 25% less than its latest funding round (LMND)

  25-06-2020 17:36 via feedproxy.google.com
  
  Lemonade, which filed to go public earlier in June, announced on Thursday a price range of $23 to $26 for its public offering.
  The updated regulatory filing could mean a significant valuation hit for the insurtech firm. 
  Japan's SoftBank holds a significant stake in the money-losing company, and is hoping to rebound from stumbles by Uber and other portfolio companies. 
  Visit Business Insider's homepage for more stories.Lemonade, the buzzy insurance startup backed by Softbank, updated i
  
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• Beyond Meat plummets 10% after McDonald's ends Canadian trial with no plans to continue (BYND)

  25-06-2020 17:26 via feedproxy.google.com
  Beyond Meat plummeted as much as 10% on Thursday after it was reported by CBC that McDonald's ended its Beyond Meat trial in Canada with no set plans for a vegetarian option.
  According to the report, the trial with McDonald's ended in April and the fast-food company is "evaluating what it learned from the test."
  Beyond Meat provided McDonald's with its plant-based burger patties for a six-month trial starting in September of last year.
  Bullish investors in Beyond Meat have been hoping for a perm
  
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• Alexandria Ocasio-Cortez fought off a Wall Street-backed election challenge. Here are some of the titans of finance who backed her opponent, Michelle Caruso-Cabrera.

  25-06-2020 16:58 via feedproxy.google.com
  Representative Alexandria Ocasio-Cortez won her bid to remain the Democratic candidate in her New York district this week in a primary election, beating off a Wall Street-backed challenger in the process.
  Wall Street giants, including the CEOs of Goldman Sachs and Blackstone, donated to Michelle Caruso-Cabrera's campaign,which raked in just over $2 million.
  While she had the backing of major Wall Street players, Caruso-Cabrera raised only about 20% of the $10.5 million Ocasio-Cortez picked up.
  M
  
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• 'What happens if they stop?': Billionaire Howard Marks fears for stocks if the Fed ends its program to 'levitate' markets

  25-06-2020 16:48 via feedproxy.google.com
  In a CNBC interview this week, the billionaire investor Howard Marks questioned whether the stock market's recent rally could continue once the Federal Reserve stops levitating the markets.
  "What happens if they stop, and will they ever stop, and can they keep doing it forever?" he said.
  The Fed has issued $2.3 trillion in loans and bought individual corporate bonds as part of its efforts to keep the economy afloat.
  Marks also said in the interview that reckless day trading could lead to a disas
  
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• 5 reasons investors should favor US stocks versus overseas stocks, Wall Street strategist says

  25-06-2020 15:54 via feedproxy.google.com
  Investors should favor the US stock market over developed international markets, according to LPL Financial.
  In a note published on Tuesday, LPL strategist Jeff Buchbinder listed five reasons why investors should continue to keep a majority of their stock investments in US-based companies versus their overseas counterparts.
  Buchbinder said over the next 12 to 18 months, opportunities within the US stock market look "more attractive" than developed international stock markets, and investors looki
  
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• From a late-night infomercial to a 1,040-unit empire worth $188 million, how Jacob Blackett perfected his real-estate-investing strategy after losing $70,000 on his first deals

  25-06-2020 14:45 via feedproxy.google.com
  
  Jacob Blackett — the CEO of Holdfolio and founder of SyndicationPro — decided he'd give real-estate investing a try after seeing a fix-and-flip seminar advertised on a late-night infomercial.
  After he lost approximately $70,000 on his first deals, Blackett switched strategies.
  As he gained experience, he switched strategies to alleviate the large tax bills he was incurring.
  Today Blackett sports a portfolio worth about $188.4 million with 1,040 units.
  Click here to sign up for our we
  
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• Amazon Prime Video changes direction

  25-06-2020 02:00
  
  Amazon Prime Video is reported to be “actively pursuing” deals to license live and linear programming, in a move that could set the service apart from its SVOD rivals.
  
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• Wieden+Kennedy named North American agency of the decade at Lions Live

  25-06-2020 01:25
  
  Wieden+Kennedy in Portland has been named as the North American agency of the decade by Cannes Lions, an honour that reflects a body of groundbreaking work delivered by the independent shop.
  
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• Tokyo leads Asia’s agencies of the decade

  25-06-2020 01:25
  
  Tokyo-based agencies claimed the top two spots in Asia in the regional agencies of the decade ranking at Cannes Lions, with third spot going to Bangkok.
  
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• India’s e-commerce sector bounces back

  25-06-2020 01:25
  
  The e-commerce sector in India has recovered more than 90% of its pre-lockdown volume, according to SaaS e-commerce platform Unicommerce.
  
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• Brits spend a quarter of the day online

  25-06-2020 01:25
  
  The coronavirus pandemic has sent internet use rocketing in the UK, a new report from Ofcom says – and some observers think it could grow further in the weeks ahead.
  
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• Brands push social networks to act on harmful content

  25-06-2020 01:25
  
  Concern about the role of social media platforms in spreading disinformation and harmful content is drawing the attention of leading marketers during Lions Live.
  
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• Brands need 'life-enriching' ads just now

  25-06-2020 01:25
  
  Advertisers hoping to connect with consumers who are still dealing with the impacts of COVID-19 need to demonstrate how they are “enabling life to continue”, according to Orlando Wood, chief innovation officer at research firm System1.
  
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• Amazon Prime changes direction

  25-06-2020 01:25
  
  Amazon Prime is reported to be “actively pursuing” deals to license live and linear programming, in a move that could set the service apart from its SVOD rivals.
  
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