Sales & Marketing news

• Dow falls 354 points as a surprise rise in jobless claims spurs economic worry

  23-07-2020 22:11 via feedproxy.google.com
  US stocks slipped on Thursday as weekly jobless claims rose for the first time since March, spurring concern over a prolonged economic recovery.
  Investors also watched for signs that Congress will announce more stimulus measures to replace the $600 weekly unemployment benefit set to expire at the end of July.
  Shares of Tesla and Twitter climbed following positive earnings results. Tesla erased gains in the afternoon and finished 5% lower.
  Tech stumbled, with shares of Facebook, Apple, Amazon, Ne
  
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• Microsoft just surpassed $50 billion in annual commercial cloud revenue. Here are 24 of the most important executives leading Microsoft's cloud business as it takes on Amazon Web Services. (MSFT)

  23-07-2020 21:27 via feedproxy.google.com
  
  We've identified 24 of the high-powered executives that Microsoft has assembled in a team to fight its rivals in the cloud wars, based on information from insiders and experts.
  Microsoft reported 2020 fiscal-year earnings this week and said it achieved $50 billion in annual revenue for its commercial cloud business, which includes sales of Microsoft Office and Azure to businesses, for the first time.
  Microsoft has long been considered the No. 2 cloud provider versus dominant Amazon Web Services,
  
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• Trump tried blaming Democrats for spiking the payroll-tax cut — but it was actually Republicans that squashed it

  23-07-2020 21:08 via feedproxy.google.com
  
  Trump assailed Democrats and blamed them for the payroll tax cut being left out of the Senate GOP plan.
  But it was Republicans who dropped the measure, since many GOP senators expressed skepticism about its economic benefits during a pandemic that's caused high levels of unemployment.
  "A payroll-tax cut is extremely expensive," Susan Collins said on Monday, adding it "would only benefit individuals who are working" and "also would displace other spending that I think is far more important."Visit
  
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• Gold prices reach highest level since 2011 and near record as investors flood safe havens

  23-07-2020 21:02 via feedproxy.google.com
  Gold futures swung higher on Thursday and neared a record close as investors continued to hedge against a worse-than-expected recession.
  Contracts for the precious metal leaped as high as $1,897.70 per ounce, overtaking their all-time closing high of $1,891.90 from August 2011.
  The asset's intraday high is just a 1.4% climb away from breaching the previous intraday record of $1,923.70, also set in 2011.
  Gold has rallied sharply through the summer as investors bet on near-zero rates, growing econ
  
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• Dow falls 400 points as traders weigh the first jobless-claim increase since March against stimulus hopes

  23-07-2020 20:32 via feedproxy.google.com
  US stocks slipped on Thursday as weekly jobless claims rose for the first time since March.
  Investors are also watching for signs that Congress will announce more stimulus measures to replace the $600 weekly unemployment benefit set to expire at the end of July.
  Shares of Tesla and Twitter climbed following positive earnings results. Tesla pared gains later in the day. 
  Read more on Business Insider.
  US stocks slid on Thursday as investors digested the first rise in weekly jobless claims si
  
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• Avoid Apple stock as coronavirus uncertainties weigh on iPhone launch, Goldman Sachs says

  23-07-2020 20:18 via feedproxy.google.com
  Investors should steer clear of Apple shares until coronavirus-related uncertainties subside and markets can better price future performance, Goldman Sachs said on Wednesday.
  The firm's analysts expect Apple to omit forward guidance from its upcoming quarterly report, leaving investors guessing as to whether its next-generation iPhone will arrive on time.
  A one-month delay for the iPhone's launch could fuel a 7% hit to revenue and a 6% decline in earnings over the fourth quarter, Goldman said.
  T
  
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• Read a rough draft of the GOP's initial relief bill proposal, which is circulating around the highest levels of Congress

  23-07-2020 20:09 via feedproxy.google.com
  
  Business Insider obtained a rough outline of the initial GOP coronavirus relief bill is being circulated among top aides in Congress.
  The summary indicates how congressional Republicans diverged from the White House on some of its initial priorities.
  The amount of additional stimulus checks was not yet determined, and details were scarce on enhanced unemployment benefits. But it will be lower than $600.
  Other elements included an increased tax deduction for business meals from 50% to 100% and ea
  
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• The bright spot in Trump's coronavirus response

  23-07-2020 20:00 via feedproxy.google.com
  
  Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here.QUOTE OF THE DAY
  "Person, woman, man, camera, TV … if you get it in order you get extra points." — President Donald Trump bragging about his performance on a test given to screen people for dementia.WHAT'S HAPPENINGUS weekly jobless claims rose to 1.4 million last week, more than economists expected and the first increase in months. It signals that the recovery has stalled as the virus surges in the So
  
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• A top credit-trading exec is out at Wells Fargo. The exit comes as the bank is pursuing billions in cost cuts.

  23-07-2020 19:40 via feedproxy.google.com
  
  A senior credit-trading exec is out at Wells Fargo.
  Mark Hebert, the head of high-grade credit trading, has left the company after just one year, according to people familiar with the matter. 
  Hebert had joined last July after nearly 15 years at Morgan Stanley, where he was an executive director trading corporate bonds and credit-default swaps.
  The embattled bank is eyeing $10 billion in cost reductions and thousands of layoffs as it tries to return to profitability.
  Visit Business Insider'
  
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• Buy these 19 cheap healthcare stocks poised to beat the market regardless of election outcome and the fate of Obamacare, BTIG says

  23-07-2020 19:17 via feedproxy.google.com
  
  Healthcare investors are worried about a possible Joe Biden win, according to Julian Emanuel of BTIG.
  Emanuel — who serves as the firm's chief equity and derivatives strategist — recommends 19 stocks ideally positioned to beat the market no matter the election outcome and the fate of Obamacare.
  Click here to sign up for our weekly newsletter Investing Insider.
  Visit Business Insider's homepage for more stories.Alongside tech, healthcare is one of the only groups in the S&P 500 to
  
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• 'Still highly overvalued': Here's what 8 Wall Street analysts are saying about Tesla's blockbuster earnings report (TSLA)

  23-07-2020 19:15 via feedproxy.google.com
  Tesla reported second-quarter earnings on Wednesday that beat Wall Street expectations.
  Shares of the Elon Musk-led automaker jumped as much as 6% on Thursday before paring some gains.Still, Wall Street has a largely bearish view of the company. Here's what eight analysts said about Tesla following its earnings report.Watch Tesla trade live on Markets Insider.
  Read more on Business Insider.
  Tesla on Wednesday reported second-quarter earnings that beat Wall Street expectations and showed the four
  
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• US mortgage rates rise for the first time in 6 weeks, jumping above 3%

  23-07-2020 18:46 via feedproxy.google.com
  The rate on the popular 30-year fixed-rate mortgage increased to 3.01%, according to Freddie Mac data released Thursday. 
  It's the first time in six weeks that US mortgage rates have increased — the rates have been held down by low US Treasury bond yields and near-zero interest rates. 
  Mortgage rates remain near a historic low, and have driven a strong rebound in the housing market. Still, economic uncertainty could derail the housing recovery going forward. 
  Read more on Bu
  
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• Tesla hit a $300 billion milestone while making less than half of what Apple and Amazon were when they crossed the same mark

  23-07-2020 18:37 via feedproxy.google.com
  
  Tesla passed the $300 billion market cap milestone while generating less than half the revenue of Apple and Amazon when they hit the same valuation.
  Morgan Stanley analysts say Tesla's milestone is reflective of a large valuation premium versus when Apple and Amazon achieved the same market cap.
  Tesla stock has skyrocketed in recent weeks, and the company recently became eligible to join the S&P 500 after reporting its fourth consecutive profitable quarter on Wednesday.
  Visit Business Inside
  
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• Microsoft sees $46 billion in market value erased after missing quarterly estimates for key businesses

  23-07-2020 18:28 via feedproxy.google.com
  Microsoft shares tumbled as much as 2.8% on Thursday after its cloud-computing and office software business missed quarterly estimates.
  The slump saw roughly $46 billion erased from the tech giant's market cap.
  A "continued customer shift to cloud offerings from multi-year on-premises agreements" harmed the company's transactional licensing business, Microsoft said.
  The company's Azure revenue grew 47% over the quarter, below the 49% estimate and 59% growth rate seen in the prior quarter.
  Watch
  
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• Why Tesla could surge another 52% in a best-case scenario, according to one analyst (TSLA)

  23-07-2020 18:22 via feedproxy.google.com
  Daniel Ives of Wedbush increased his bull-case price target on Tesla to $2,500, implying a roughly 52% surge from where shares traded on Thursday.
  Tesla on Wednesday reported second-quarter earnings that exceeded Wall Street's expectations and showed its fourth consecutive quarterly profit, paving the way for inclusion in the S&P 500 index.
  "This sustained level of profitability is key for the bulls and speaks to a business model which is staying out of the red ink despite this unprecedented
  
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• Tesla's renewable energy business could push company's worth into the trillions, billionaire Chamath Palihapitiya says

  23-07-2020 18:04 via feedproxy.google.com
  Tesla's electric car business was "the first wave of growth" and will give way to a bigger focus on renewable energy, billionaire Chamath Palihapitiya said Wednesday.
  Elon Musk's company is "the leading hedge when it comes to electrification and decarbonization," and is worth trillions of dollars once investors price-in Tesla's growing energy businesses, he added on CNBC.
  Palihapitiya's comments arrive after Tesla reported second-quarter earnings that beat expectations. The automaker also notche
  
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• Jerry Braakman manages $1.9 billion in assets and prefers gold right now to most tech stocks. But he still thinks these 5 tech companies can flourish in the pandemic economy.

  23-07-2020 17:44 via feedproxy.google.com
  
  Jerry Braakman, the chief investment officer of First American Trust, is more attracted to gold right now than tech stocks, seeing it as a good bet against both inflation and a cratering of the economy.
  That said, he still holds shares of tech companies in his clients' accounts and is high on quite a few of them; the stocks he likes tend to have strong businesses, healthy balance sheets, and a compelling reason for why they're poised to do well going forward.
  Some of the companies he likes inclu
  
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• Bernstein says buy these 13 dividend-rich stocks built to capitalize on a trend not seen in 65 years

  23-07-2020 17:30 via feedproxy.google.com
  
  Inigo Fraser Jenkins, the co-head of portfolio strategy at Bernstein Research, spotted a trend in the market that hasn't been seen in 65 years.
  With stock dividends yielding more than bonds, Fraser Jenkins thinks the "best fixed income portfolio" is comprised of large cap stocks with stable dividends.
  To arrive at his picks, dividend stability and history, balance sheet strength, and free cash flow yield were meticulously vetted.
  Click here to sign up for our weekly newsletter Investing Insider.
  
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• Jefferies is making 2 major shifts to its stock-investing strategy as the US lags a broader economic recovery. Here's how the firm says the new trades will help investors crush the market.

  23-07-2020 16:27 via feedproxy.google.com
  
  Jefferies strategist Steven DeSanctis says he's making two critical shifts to his approach as the US struggles with the renewed spread of the coronavirus.
  He writes that the latest developments in the pandemic are negative for smaller US companies in two different ways.
  DeSanctis also believes a third shift into higher-quality, higher-returning stocks is imminent and could trigger huge returns.
  Click here to sign up for our weekly newsletter Investing Insider.
  Visit Business Insider's homepage f
  
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• Republicans are tossing out the payroll-tax cut in favor of a 2nd round of stimulus checks

  23-07-2020 16:02 via feedproxy.google.com
  
  Senate Republicans are scrapping the payroll tax cut from their initial coronavirus relief bill in favor of stimulus checks, Treasury Secretary Steven Mnuchin said on Thursday.
  "We think the payroll tax cut is a very good, pro-growth policy. But the president's focus is he wants to get money into people's pockets now because we need to reopen the economy," Mnuchin said on CNBC's "SquawkBox."
  Trump had insisted on including the payroll tax cut, and the development marks a dramatic reversal for th
  
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• How Mustang’s marketing drove demand for a new electric SUV

  23-07-2020 01:18
  
  Mustang, the auto marque owned by Ford, successfully fueled demand for its Mach-E electric SUV without even having a finished product to show off to consumers
  
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• Future of Strategy 2020: opportunities in a post-pandemic world

  23-07-2020 01:18
  
  Strategists are in more demand than ever as a result of the pandemic, WARC’s 2020 Future of Strategy survey finds, though amid a looming recession, the purpose of the strategist is changing.
  
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• Facebook changes course on monitoring racial bias

  23-07-2020 01:18
  
  Facebook is reported to be creating teams to explore and ultimately address how the algorithms that power both its core platform and Instagram, with a particular focus on how their machine learning components may have become implicitly biased due...
  
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• Asia banks on domestic tourism as international travel uncertainty continues

  23-07-2020 01:18
  
  With international travel yet to resume any semblance of pre-COVID-19 normalcy, governments across Asia are launching support programmes and marketing campaigns, in a bid to make up for revenue shortfalls via domestic tourism.
  
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