Sales & Marketing news

• Nasdaq closes at record as traders cheer strong jobs report

  02-07-2020 22:04 via feedproxy.google.com
  US equities rose on Thursday after June's jobs report trounced estimates and lifted hopes for a swift economic recovery.
  The tech-heavy Nasdaq composite closed at a record high.
  American businesses added 4.8 million payrolls last month, according to the Bureau of Labor Statistics, handily beating expectations of a 3 million increase.
  The unemployment rate fell to 11.1%, below the anticipated reading of 12.5%.
  Tesla surged to a record high after it said it delivered more vehicles than expected in
  
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• The most accurate tech analyst on Wall Street says these 6 stocks have potential for huge gains as they transform the sector

  02-07-2020 21:50 via feedproxy.google.com
  
  Brent Bracelin covers business-focused cloud-computing companies, and according to TipRanks, he's the most accurate analyst on Wall Street.
  Many of the companies Bracelin covers have made enormous gains and far surpassed his price targets in the past few months.
  He told Business Insider about six "franchise" companies he recommends to long-term investors because they have great potential even if they look expensive right now. 
  Click here to sign up for our weekly newsletter Investing Inside
  
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• Palantir has raised more than $500 million in fresh funding as the secretive and controversial startup works toward a possible IPO

  02-07-2020 20:47 via feedproxy.google.com
  
  Palantir said it sold more than $500 million in stock to private investors and hopes to sell about $400 million more. 
  The company was said to be preparing for a September IPO, and it's unclear how the new funding affects those plans. 
  As a data-analytics company cofounded by a Trump confidant that works with US immigration agencies, the startup has also found itself in controversy. 
  Visit Business Insider's homepage for more stories.Palantir, the secretive data-analytics company
  
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• Lemonade, a tech-driven insurance company, soars 132% in trading debut (LMND)

  02-07-2020 20:36 via feedproxy.google.com
  Lemonade, a tech-driven insurance company backed by SoftBank, soared 132% in its trading debut on Thursday.
  The company had set its IPO price at $29, representing a market valuation of $1.6 billion.It was valued at $2.1 billion in its 2019 funding round.
  Lemonade raised $319 million in its IPO.
  Visit Business Insider's homepage for more stories.
  Investors turned lemons into lemonade on Thursday as they bid up shares of Lemonade, a tech-driven insurance company, more than 130% in its trading debu
  
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• The 'economy or virus' delusion

  02-07-2020 20:00 via feedproxy.google.com
  
  Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here to receive these updates in your inbox.
  Insider will be observing the July 4th holiday tomorrow, so we'll be off as well. Have an excellent weekendQUOTE OF THE DAY
  "What we've seen over the last several days is a spike in cases that is way beyond the worst spikes that we've seen. That is not good news...we've got to get that under control, or we risk an even greater outbreak."  — Dr. Fauci on the BBC.WHA
  
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• Trump's favorite trade scorecard worsened in May as exports hit lowest level since 2009

  02-07-2020 19:05 via feedproxy.google.com
  
  The US goods and services deficit — touted by President Trump as the top trade scorecard — widened to $54.6 billion in May from $49.8 billion, the Commerce Department announced Thursday.
  Exports plummeted to $144.5 billion from $151.1 billion to hit its lowest level since November 2009. Imports shrank $1.8 billion to $199.1 billion.
  The US deficit with China swelled $1.9 billion to $27.9 billion, driven by a sharp increase in import activity.
  "We anticipate that trade activity will s
  
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• Car sales have plunged during the coronavirus, but not at Tesla — skyrocketing the company's status as the world's most valuable automaker (TSLA, GM, F, FCA)

  02-07-2020 18:47 via feedproxy.google.com
  
  Tesla blew Wall Street expectations out of the water Thursday when it reported more than 90,000 vehicles sold in the second quarter. 
  The figure was only a slight decline compared to slumps as big as 34% by its Detroit peers. 
  Auto sales have recovered faster than some analysts have expected — but it's not clear how sustainable the resurgence may be. 
  Visit Business Insider's homepage for more stories.Automakers have released their second-quarter sales numbers from the depth
  
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• Jeff Bezos' fortune just surpassed $171 billion. Here's how he built Amazon into a $1.4 trillion company and became the world's richest man. (AMZN)

  02-07-2020 18:46 via feedproxy.google.com
  
  Amazon CEO Jeff Bezos' net worth just reached a new high of $171.6 billion.
  Bezos founded Amazon in 1995. The company has since grown to one of the most valuable, powerful companies on the planet.
  Bezos has gone from a New York hedge-funder to the richest man in the world, but in the process, he's weathered a high-profile divorce and hacking scandal, faced antitrust scrutiny from lawmakers, and everything in between. 
  These days, Bezos is focused on making Amazon more climate-friendly, grow
  
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• 'We are still in a deep economic hole': 5 economists explain why the June jobs report is weaker than it appears

  02-07-2020 18:13 via feedproxy.google.com
  
  The June jobs report, released on Thursday by the Bureau of Labor Statistics, said more jobs were added than economists had estimated.
  In addition, the unemployment rate declined more than economists expected.
  Still, economists cautioned that the report captured data from only the first half of June, before spiking coronavirus cases led states to pause or roll back reopenings.
  Here's what five economists and strategists had to say about the June jobs report and what it could mean for the recover
  
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• Why brands should consider attention-based metrics

  02-07-2020 01:03
  
  Marketers could benefit from using attention as a unit of trade when buying media, instead of relying on the opportunity or potential to view an ad.
  
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• Marketing boosts mobile gaming fortunes

  02-07-2020 01:03
  
  Free, ad-supported mobile gaming has rocketed under lockdown, amid what has been a fruitful period for game developers.  
  
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• Facebook boycott is ‘like removing salt from cooking’

  02-07-2020 01:03
  
  Retailers boycotting Facebook are likely to see the biggest adverse effects as brand consideration drops by 25% and purchase intent by 8%, according to researchers at Saïd Business School, University of Oxford.
  
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• COVID-19 + logistics experience = FengShi

  02-07-2020 01:03
  
  Food delivery is a huge market in China but most of that is focused on individual consumers; logistics business SF Holdings has come at this from a different angle, launching FengShi, a WeChat Mini Program which aims to deliver meals to corporate...
  
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• Brands need to do more to ‘positively represent’ UK’s LGBTQ+ community

  02-07-2020 01:03
  
  UK advertising still falls far short of representing the LGBTQ+ people positively, a new survey has found.
  
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