Sales & Marketing news

• 'We are prepared to act quickly': Treasury Secretary Mnuchin says $1 trillion GOP coronavirus relief plan is set to be released Monday

  26-07-2020 19:44 via feedproxy.google.com
  
  Treasury Secretary Steven Mnuchin said Sunday that the $1 trillion GOP coronavirus relief plan is set to be released Monday.
  "We're prepared to act quickly. This is all about kids and jobs, this is our focus," Mnuchin said during an interview on "Fox News Sunday."
  Despite reports that said Republican infighting and conflicts between the White House and lawmakers had stalled new relief plans, Mnuchin said that Republicans "can move very quickly" with Democrats on the top issues, including unemplo
  
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• Kudlow says next round of coronavirus relief will include $1,200 checks and extension of eviction moratorium

  26-07-2020 18:05 via feedproxy.google.com
  
  White House economic advisor Larry Kudlow on Sunday said that the next round of coronavirus relief will include more checks to Americans and extend the federal eviction moratorium. 
  "There's a $1,200 check coming, that's going to be a part of the new package," Kudlow said during an interview with "State of the Union" on CNN. 
  On Friday, the federal eviction moratorium ended, and this weekend, the extra $600 unemployment benefit ended. 
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• China's economy looks set for a much-vaunted V-shaped recovery, while the rest of the world lags behind. Here's why.

  26-07-2020 15:22 via feedproxy.google.com
  China looks to be on course for a V-shaped economic recovery from its coronavirus hit, growing 11% in the second quarter of 2020 compared to the first.
  But economist Miguel Chanco, of Pantheon Macroeconomics, tells Business Insider he expects China GDP to fall by 1.2% in 2020.
  China, however, is the only major economy that will see a V-shape, two economists told Business Insider. Most major nations will see W- or swoosh-shaped recoveries. 
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• GOLDMAN SACHS: Stocks have never been more vulnerable to the failure of a few mega-companies — and the risks of a blunder are quickly piling up

  26-07-2020 15:19 via feedproxy.google.com
  
  Five technology stocks now hold a record 22% share of the S&P 500 and have contributed the most to its gains this year. 
  Their outsized role has made the market more vulnerable than ever to a single company's slip-up, says David Kostin, the chief US equity strategist at Goldman Sachs. 
  He flagged multiple risks that could change the narratives for Big Tech's outperformance. 
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• Famed short-seller Jim Chanos reportedly made $100 million betting against collapsed fintech Wirecard

  26-07-2020 15:19 via feedproxy.google.com
  Famed short-seller Jim Chanos made $100 million by betting against Wirecard since last year, the Financial Times reported on Friday.
  He increased his short bets against the German fintech group after the Financial Times launched a public investigation into the company, the paper reported.
  "If you're a fundamental short-seller, the Wirecard story was a classic," Chanos told the FT."The buzzwords, the numbers that didn't make sense, the business model that seemingly didn't make sense." 
  Wirec
  
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• Here's how the stock market's fear gauge can signal whether a bubble is forming

  26-07-2020 15:17 via feedproxy.google.com
  As tech stocks march to new all-time highs amid rising COVID-19 cases in the US, investors are questioning whether a speculative bubble in stocks may be forming.
  Nicholas Colas, co-founder of DataTrek Research, said on Tuesday that investors can look at the level of the VIX, also known as the fear index, to determine if stocks are in a speculative bubble.
  Colas highlighted that near the peak of the the dot-com bubble, the VIX had an average reading of 24.95, relative to its since-inception avera
  
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• Jefferies is telling investors to buy these 13 cheap, under-the-radar stocks in order to bet on an economic recovery

  26-07-2020 15:12 via feedproxy.google.com
  
  Jefferies strategist Steven DeSanctis says that among small- and mid-size companies, economically-exposed "cyclicals" like banks and industrials are historically inexpensive.
  He also says there's reason to be optimistic about the performance of the stocks because there are signs the US economy is getting stronger, and analysts expects better earnings and sales from those companies.
  Bringing those themes together, DeSanctis recommends these 13 smaller, "cheap" stocks in cyclical sectors that also
  
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• Coronavirus has brought the rapidly growing synthetic diamond market to a halt because of a supply-chain disruption

  26-07-2020 11:56 via feedproxy.google.com
  In recent years, consumer preference for diamonds has shifted from mined stones to lab-created ones, as they offer better value and are more aligned with a younger generation's environmental morals.
  But that shift in demand was hit by a coronavirus-led lag in supply chains due to disruptions in trade, especially from one key diamond-processing country.
  90% of mined diamonds and 99% of lab-grown diamonds are cut and processed in India, which had one of the world's strictest lockdowns.
  India tempo
  
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• Warren Buffett's Apple bet ranks among the 'best investments ever,' Berkshire Hathaway shareholder Bill Brewster says

  26-07-2020 09:38 via feedproxy.google.com
  
  Warren Buffett made "one of the best investments ever" when he bought Apple stock, investor Bill Brewster told Business Insider this week.
  "It's a perfect example of what makes him great and why Berkshire has a bright future," the Sullimar Capital Group boss and "Value: After Hours" cohost said.
  Buffett's $10 billion Dominion Energy deal and apparent $5 billion in share buybacks is a positive sign for both Berkshire and the nation as a whole, Brewster said.
  Brewster also called for Buffett to us
  
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