Sales & Marketing news

• S&P 500 hits highest level since February as tech stocks spike

  20-07-2020 22:20 via feedproxy.google.com
  US stocks erased early losses and climbed on Monday as tech giants soared and investors cheered positive COVID-19 drug trial results.
  Tech mega-caps including Apple, Microsoft, Netflix, and Facebook all soared as investors continued crowding in popular stay-at-home trades.
  AstraZeneca and Synairgen both revealed optimistic trial data for their experimental coronavirus vaccines, though only the latter's stock jumped.
  Oil similarly reversed its slide and traded higher, with West Texas Intermediate
  
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• Stocks will see 'significant new highs' if there is a breakthrough in COVID-19 vaccine development, Fundstrat's Tom Lee says

  20-07-2020 21:50 via feedproxy.google.com
  Stocks are set to see "significant new highs" if there is a positive breakthrough in the race to develop a successful COVID-19 vaccine, Fundstrat's Tom Lee said on Monday.
  In an interview with CNBC's Scott Wapner, Lee said the chances of a breakthrough look good given that there are 133 vaccines candidates currently in development.
  "By December I think you're going to see progress," Lee said in terms of a successful vaccine candidate showing positive clinical trial data.
  And positive clinical tr
  
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• Layoffs, furloughs, and budget cuts: We're tracking how 20 energy giants from Shell to Chevron have responded to the historic oil market meltdown

  20-07-2020 21:04 via feedproxy.google.com
  
  The coronavirus pandemic crippled global oil demand, causing the price to collapse by more than 70% in April, with some futures going negative for the first time in history.
  Most oil and gas giants have already slashed capital spending and dividends, laid off or furloughed staff, and changed their production targets.
  Business Insider is tracking how 20 top companies are responding to the oil price shock and will update this story as news breaks. 
  Visit Markets Insider to view the latest on
  
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• Goldman sees 28% upside potential in Amazon and ties for Street-high price target on 'accelerating e-commerce growth' (AMZN)

  20-07-2020 20:43 via feedproxy.google.com
  "Accelerating e-commerce growth" will propel Amazon to all-time highs, according to Goldman Sachs.
  Goldman and Jefferies both assigned a Street-high price target of $3,800 on Monday, representing upside potential of 28% from Amazon's close on Friday.
  People have relied heavily on online shopping during the COVID-19 pandemic.
  Amazon surged as much as 6% on Monday following the price-target increases.
  Visit Business Insider's homepage for more stories.
  Amazon has already gained $561 billion in mar
  
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• Treasury Secretary Mnuchin says next coronavirus stimulus package will focus on 'kids and jobs and vaccines'

  20-07-2020 20:35 via feedproxy.google.com
  
  A second round of coronavirus stimulus will focus on returning kids to schools, improving hiring, and funding coronavirus vaccine development, Treasury Secretary Steven Mnuchin said Monday.
  The GOP plans to spend "another trillion dollars" on its upcoming fiscal package, Mnuchin said, far less than the $3 trillion measure passed by House Democrats in May.
  Mnuchin didn't specify if the expansion to unemployment benefits would be renewed past its July deadline, instead saying Republicans are looki
  
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• 'Everybody's a genius in a bull market': Mark Cuban says behavior around the stock market's current rally is eerily similar to the 1999 dot-com bubble

  20-07-2020 19:39 via feedproxy.google.com
  Tech stocks' rally through recent months is "so similar" to the dot-com bubble in the late 1990s, the billionaire entrepreneur Mark Cuban said on Monday.
  "Everybody's a genius in a bull market, and everybody's making money right now" because of the Federal Reserve's unprecedented monetary relief, Cuban told CNBC.
  The rally could even continue for years, as the dot-com bubble lasted from 1995 to early 2000, he said.
  It's "difficult to have patience sometimes" knowing that prices could outpace fun
  
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• Leka Devatha quit a cushy corporate career to start flipping houses. She breaks down how she made $1 million on a single deal by supercharging a simple strategy.

  20-07-2020 19:32 via feedproxy.google.com
  
  Leka Devatha, a successful real-estate investor, left behind a lucrative career to start investing full time after her first child was born.
  Devatha walked away from an unsuccessful first deal with newfound motivation to apply to her next purchase.
  She is able to uncover untapped value by analyzing properties in a creative manner.
  Click here to sign up for our weekly newsletter Investing Insider.
  Click here for more BI Prime stories."Growing up, my dad always told me that: 'If you have any money
  
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• Trump is doubling down on a payroll tax cut that has slim GOP support and would do virtually nothing to help jobless Americans

  20-07-2020 18:46 via feedproxy.google.com
  
  Trump is pushing for Congress to enact a payroll tax cut in a bid to boost the economy, a step that lawmakers from both parties rejected in March.
  The president said he may not sign an economic relief bill that doesn't contain the measure.
  But that step has drawn criticism from many economists who say it would do nothing for unemployed Americans no longer drawing a paycheck. GOP support for the measure appears slim.
  Visit Business Insider's homepage for more stories.As signs of a rapid economic
  
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• Spiking COVID cases raise risk of a W-shaped economic cycle with a 2nd downturn, IHS Markit says

  20-07-2020 18:26 via feedproxy.google.com
  
  The renewed spread of coronavirus in the US raises the potential for a lengthened recession, according to economists at research firm IHS Markit.
  The team slightly improved their forecast for global growth, projecting a 5.5% contraction in 2020 before a 4.4% bounce in 2021.
  IHS still sees global GDP resembling a "bounce and fade," but soaring COVID-19 case counts "increased the risk of a double-dip recession."
  A W-shaped economic cycle "would probably not be anywhere near as severe as the recess
  
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• BANK OF AMERICA: Buy these 9 stocks poised to crush the market in any market environment as they spend heavily on innovation

  20-07-2020 18:12 via feedproxy.google.com
  
  Jared Woodard, the head of Bank of America's Research Investment Committee, is naming the companies that are most effective in turning capex and research spending into revenue growth.
  The top-ranked stocks by Woodard's measurement have returned an average of 60.4% to investors over the last 12 months. They're all "Buy"-rated.
  Woodard says this approach to stock picking also provides stability because investors tend to reward companies that make good investments whether the broader market is up o
  
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• AstraZeneca slides even as the company's coronavirus vaccine trial results show 'promise'

  20-07-2020 18:12 via feedproxy.google.com
  AstraZeneca shares slid on Monday despite positive news from the drugmaker's first human trials of an experimental COVID-19 vaccine.
  In the early-stage trial of the vaccine, which is being developed in conjunction with Oxford University, healthy volunteers generated immune responses.
  In early US trading, the company's stock was down by about 2.7%.
  Watch AstraZeneca trade live on Markets Insider.
  Visit Business Insider's homepage for more stories.
  AstraZeneca shares fell on Monday even after the
  
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• Warren Buffett's Berkshire Hathaway has shed $90 billion in market value this year. Only 4 US-listed companies have lost more.

  20-07-2020 17:50 via feedproxy.google.com
  Warren Buffett's Berkshire Hathaway has lost more market value than all but four US public companies this year.
  The billionaire investor's conglomerate has seen about $90 billion wiped off its market capitalization.
  Only JPMorgan, Wells Fargo, Bank of America, and Exxon Mobile have lost more, Roundhill Investments chief Will Hershey tweeted on Sunday.
  In contrast, Amazon, Apple, Microsoft, Tesla, and Google have all gained more than $100 billion in market cap this year.
  Visit Business Insider's
  
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• Jack Ma's fintech Ant Group is planning a massive dual-listing IPO in Shanghai and Hong Kong, skipping New York (BABA)

  20-07-2020 17:22 via feedproxy.google.com
  Ant Group, the Chinese fintech founded by billionaire Jack Ma, is planning to go public in what could be one of the largest IPOs ever.
  In a press release issued on Monday, Ant said it plans to go public via a dual-listed IPO in Shanghai and Hong Kong. The company did not say it would list shares in New York.
  The possible slight to New York comes after tensions between China and the US have increased, in part due to the fraud exposed at US-listed Luckin Coffee, and the subsequent fall in its stoc
  
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• Nikola plummets 21% after company files to sell 24 million shares (NKLA)

  20-07-2020 17:07 via feedproxy.google.com
  Nikola fell as much as 21% on Monday after the company filed a prospectus outlining its intent to sell up to 23.9 million shares.
  Additionally, existing shareholders are looking to sell up to 53.4 million shares, according to the prospectus.
  Nikola said the proceeds from the sale would be used for general corporate purposes.
  Visit Business Insider's homepage for more stories.
  Investors soured on Nikola stock after the electric-vehicle maker filed a prospectus after the market close on Friday det
  
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• UK biotech firm skyrockets 552% after drug lowers odds of serious COVID-19 symptoms

  20-07-2020 16:41 via feedproxy.google.com
  UK biotech firm Synairgen surged as much as 552% on Monday after the company announced its experimental coronavirus drug helped curb the contraction of serious COVID-19 symptoms.
  The SNG001 drug cut the odds of a patient requiring ventilation or dying by 79% compared to those receiving a placebo, the company said.
  The firm is now focused on working with regulators to progress the treatment "as rapidly as possible," CEO Richard Marsden said in a press release.
  Watch Synairgen trade live here.
  Sha
  
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• US stocks slip as investors wait for new coronavirus stimulus from Congress

  20-07-2020 16:27 via feedproxy.google.com
  US stocks slid on Monday as investors awaited updates on another coronavirus stimulus package.
  Senate Majority Leader Mitch McConnell, Treasury Secretary Steven Mnuchin, and others are set to meet in the White House later on Monday to discuss another fiscal relief package.
  The talks arrive as the unemployment-benefits expansion nears expiration.
  Oil traded slightly lower, with West Texas Intermediate crude falling as much as 1.4%, to $40.04 per barrel.
  Watch major indexes update live here.
  US st
  
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• COVID-19 will create a new generation of zombie companies, followed by a wave of business defaults, a bank CEO says

  20-07-2020 16:01 via feedproxy.google.com
  Piyush Gupta, group CEO of Singaporean lender DBS Bank, said that he expects COVID-19 to create a fresh generation of zombie companies, which will be followed by a wave of defaults.
  "Many companies will find that COVID-19 is not just a liquidity problem. It is eventually a solvency problem," he told CNBC.
  Governments around the world, Gupta said, need to decide whether to keep providing support to struggling businesses and risk them turning into zombie firms, or to withdraw support.
  "Do you keep
  
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• Hedge funds are staffing up and preparing for a crucial test as once-skeptical investors pour billions into the industry expecting big returns

  20-07-2020 15:48 via feedproxy.google.com
  
  Hedge funds initially weathered the storm caused by the coronavirus pandemic, with many funds only falling slightly while markets crashed.
  But equity and bond markets have bounced back thanks to aggressive monetary and fiscal policies, and through the first half of the year the average hedge fund had lost more money than the S&P 500, according to Hedge Fund Research. 
  Launches were at their lowest levels since the financial crisis as well, but those in the $3 trillion space say the imme
  
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• In 6 days, millions of unemployed workers will see their income cut by 50 to 75% overnight unless Congress acts

  20-07-2020 15:19 via feedproxy.google.com
  
  About 32 million people on unemployment could see up to 75% of their income vanish by the end of the month if Congress does not renew or replace its $600 weekly boost to unemployment payments.
  "It's prevented families from having to make financial sacrifices in the midst of a great deal of economic and public health uncertainty," one economist told Business Insider of the ramped-up payouts.
  The White House has expressed an openness to keeping $200 to $400 in additional unemployment payments.
  The
  
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• The psychology illuminating post-pandemic behaviour

  20-07-2020 01:09
  
  Brands will need to adopt a more localised and age-segmented approach to marketing rather than relying on homogenous, macro trends in order to account for the unevenly distributed cognitive and behavioural effects of the pandemic.
  
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• Hulu’s self-service ad tool shows the importance of SME adspend

  20-07-2020 01:09
  
  With the Disney-owned and partially ad-supported streaming service, Hulu, is launching a self-service tool, part of an increasingly common feature designed to make advertising on platforms easier for small business.
  
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• How Walmart keeps its messaging relevant in a time of disruption

  20-07-2020 01:09
  
  Walmart, the retailer, is aiming to mix cultural and contextual relevance, providing inspiration and supporting a sense of community in its messaging as it responds to the rapid evolution of consumer needs.
  
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• E-commerce players accelerate solutions and options for brands to engage

  20-07-2020 01:09
  
  E-commerce platform Shopee has partnered with Google to launch Google Ads with Shopee, in a bid to help brands drive sales online.
  
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• Does a membership model work for premium goods?

  20-07-2020 01:09
  
  Fresh from an initial, and ultimately failed trial, the premium online retailer Italic is rolling out a new strategy: to be a members-only business.
  
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