Sales & Marketing news

• Warren Buffett's best-performing stock over the past 3 months isn't Apple or Amazon. It's a luxury furniture company.

  07-08-2020 16:40 via feedproxy.google.com
  Warren Buffett's best-performing stock over the past three months isn't Apple or Amazon.
  The billionaire investor and Berkshire Hathaway CEO's biggest gainer is Restoration Hardware, a luxury furniture seller whose shares have more than doubled since the start of May.
  Buffett's second-best performer over the period is StoneCo, which has soared more than 80%.
  Visit Business Insider's homepage for more stories.
  Warren Buffett's best-performing stock over the past three months isn't Apple or Amazon
  
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• Tech stocks will still be 'the winner' in near future despite rising US-China tensions, Nasdaq rally, Deutsche Bank says

  07-08-2020 16:22 via feedproxy.google.com
  Tuan Huynh, Deutsche Bank Wealth Management CIO for Europe and Asia, told CNBC on Friday that tech stocks will still be "the winner" in the near and long term, despite the Nasdaq's rally and rising US-China tensions.
  The tech sector has benefited from the digital way of life that the pandemic has brought on, Huynh said.
  Visit Business Insider's homepage for more stories.
  Tuan Huynh, Deutsche Bank Wealth Management CIO for Europe and Asia, told CNBC on Friday that technology stocks will still be
  
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• Here's how the abrupt end of the $600 federal unemployment benefit will wreak havoc on jobless Americans

  07-08-2020 16:14 via feedproxy.google.com
  
  The lapse of the $600 federal unemployment benefit will prompt a drastic reduction in household spending, experts say.
  Unemployed people are much likelier to miss credit card and rent payments, as well as utility bills.
  Trevon Logan, an economics professor at Ohio State University, said people missing payments can also rack up fines and other fees.
  Visit Business Insider's homepage for more stories.With the expiration of the $600 federal supplement last week, millions of jobless Americans are no
  
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• Tencent tumbles 10% following Trump's executive order targeting TikTok and WeChat

  07-08-2020 16:04 via feedproxy.google.com
  Tencent stock tanked as much as 10% on Friday following President Trump's executive order targeting its WeChat app.
  The order arrived in tandem with a similar order against ByteDance's TikTok app. Both Chinese companies face a ban from US transactions set to take effect in 45 days.
  The orders escalate tensions between the world's two largest economies as US investors continue to grapple with economic recession and waning hopes for fresh stimulus.
  Other Chinese tech giants slumped on news of the
  
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• US stocks decline as Trump order targeting Chinese apps overshadows optimistic jobs report

  07-08-2020 15:37 via feedproxy.google.com
  US equities dipped on Friday as escalating US-China tensions blotted out rosy labor-market data.
  President Donald Trump issued executive orders Thursday afternoon targeting TikTok-owner ByteDance and WeChat-owner Tencent. The orders ban US transactions with the apps in 45 days.
  On the economic data front, the US added 1.8 million jobs in July. The reading handily beats the 1.5 million increase expected by economists.
  Oil pared early losses following the jobs report's release. West Texas Intermed
  
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• US economy beats forecasts, adds 1.8 million jobs in July as unemployment rate declines to 10%

  07-08-2020 15:08 via feedproxy.google.com
  
  The US Bureau of Labor Statistics on Friday said the US added 1.8 million jobs in July. That exceeded the 1.5 million payroll additions expected by economists surveyed by Bloomberg.
  The report marks the third straight month of job gains since the US saw record payroll losses in April as part of the fallout from the coronavirus pandemic.
  The BLS also said the US unemployment rate was 10.2% in July, down from 11.1% in June.Visit Business Insider's homepage for more stories.The US economy added job
  
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• The stability of the global economy now depends on Trump's attention span

  07-08-2020 14:38 via feedproxy.google.com
  
  Negotiations for the coronavirus aid bill are now ongoing between Democrats and the White House. So, that means the entire global economy depends on whether or not Donald Trump can keep his eye on the ball.
  The "ball" in this case is continued aid to the world's biggest consumer, US citizens. 
  This should be a no brainer. Economists of all stripes are saying that benefits must continue to ensure stability as long as the coronavirus is keeping businesses closed and people in the homes.
  But T
  
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• Groupon skyrockets 36% after earnings report beats Wall Street expectations (GRPN)

  07-08-2020 14:37 via feedproxy.google.com
  Groupon on Thursday reported quarterly earnings that beat Wall Street's expectations. 
  Shares of Groupon surged as much as 36% in premarket trading Friday. 
  The company also said that it plans to start a second round of layoffs and furloughs in August. 
  Watch Groupon trade live on Markets Insider. 
  Read more on Business Insider. 
  Shares of Groupon surged as much as 36% in premarket trading Friday after the company on Thursday reported quarterly earnings that beat Wall St
  
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• OPEC's second largest member just made its biggest commitment to curb crude production this month

  07-08-2020 14:20 via feedproxy.google.com
  Iraq, the second biggest member in OPEC and a long-time laggard of the output deal, made a commitment to cut oil production by 400,000 barrels per day in August and September. 
  The pledge comes following a conversation Thursday night between the Iraqi oil minister and his Saudi counterpart. 
  OPEC reached a historic deal to cut output by 9.7 million barrels per day in April, but a number of countries fell significantly short in meeting their production targets. 
  Bloomberg said Iraq
  
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• BANK OF AMERICA: Buy these 5 commodities now for profits into next year as pandemic uncertainty boosts their prices and lifts gold to $3,000

  07-08-2020 14:15 via feedproxy.google.com
  
  Gold is hitting new highs above $2,000 an ounce as economic uncertainty persists. But it's not the only commodity benefiting.
  Bank of America has compiled a list of five commodities to invest in for gains heading into 2021.
  Click here to sign up for our weekly newsletter Investing Insider.
  Visit Business Insider's homepage for more stories.As COVID-19 cases continue to spike around the US and questions persist about the timeline of a potential vaccine, investors remain uncertain. 
  As a res
  
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• A stock chief for $7.3 trillion BlackRock told us how he's investing to get the best returns — and his top picks for maximum income as Wall Street faces the threat of mass dividend cuts

  07-08-2020 14:05 via feedproxy.google.com
  
  With many investors relying on stocks for both returns and income, BlackRock's Tony DeSpirito told Business Insider how he's positioning his Equity Dividend Fund.   
  DeSpirito, who is also one of the $7.3 trillion firm's US stock investment chiefs, explained what he's learned about the threat of dividend cuts and how to avoid them. 
  He also discussed two sectors that could help investors hedge their portfolios as the November elections draw nearer.
  Click here to sign up for our we
  
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• A top strategist says 'stars are aligned against' the dollar this year and Europe will eclipse the US

  07-08-2020 13:46 via feedproxy.google.com
  The world's reserve currency can expect a tough quarter ahead as "stars are aligned against" the greenback, according to a top currency strategist. 
  "This is one of the rare occasions when Europe will actually outperform the US," private bank Brown Brothers Harriman's head of global currency strategy told CNBC in an interview on Thursday.
  The dollar index has lost over 7% in the last three months, while gold has touched a record high and shot past the $2,000 mark this month.
  The strategist
  
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• China exports jump a surprise 7.2% in July driven by rising demand for medical supplies, despite Trump's 'tech grenade'

  07-08-2020 12:07 via feedproxy.google.com
  China's exports for July jumped 7.2% thanks to rising demand for medical goods and automobiles as COVID-19 restrictions relax around the world, data showed on Friday.
  Analysts had expected exports to fall by 0.6%.
  However, a steady rise in external demand for China's exports is unlikely to last long since COVID-19 clusters have emerged since late July and might hamper trade, according to ING's think tank.
  China's strong data came as Donald Trump "lobbed another tech grenade in his cold war with
  
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• Hong Kong's rich are moving gold out of the country on fears of what China's draconian law may do to its autonomy

  07-08-2020 11:40 via feedproxy.google.com
  Hong Kong's rich are moving gold out of the capital to ward off the impact of a Draconian law, the Financial Times reported Friday. 
  The FT said one Hong Kong based gold dealer and provider said the trend began when the city faced mass protests over the last 12 months, over an extradition bill. 
  Investors are moving gold to Singapore and Switzerland, another source told the FT. 
  China imposed a strict law in May over Hong Kong's legislation and critics say it violates the "One Cou
  
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• Trump just issued 2 executive orders aimed at Chinese-owned apps, barring US companies from doing business with TikTok parent company ByteDance and messaging app WeChat (MSFT)

  07-08-2020 03:49 via feedproxy.google.com
  
  President Donald Trump issued an executive order Thursday evening prohibiting US individuals and companies from making "any transactions" with TikTok's parent company ByteDance.
  The order, set to take effect in 45 days, argues that TikTok "continues to threaten the national security, foreign policy, and economy of the United States."
  Trump also issued a similar order Thursday concerning transactions with WeChat, which is owned by a different Chinese company. It's unclear the extent to which eith
  
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• Uber's CEO took a shot at labor groups, accusing them of being driven by 'politics' in the massive fight over drivers' employment status (UBER, LYFT)

  07-08-2020 01:56 via feedproxy.google.com
  
  Uber CEO Dara Khosrowshahi slammed labor groups that oppose the company's stance on drivers' employment status, accusing them of being motivated by "politics."
  During a call with investors Thursday, Khosrowshahi said groups on Uber's side of the issue, conversely, "actually are taking into account the wants and needs of drivers."
  Uber and other gig-economy companies are engaged in a massive legal and political battle, most notably in California, over whether their drivers are employees or indepe
  
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• Why marketers should embrace Share of Search as a metric

  07-08-2020 01:27
  
  Share of search provides a useful metric that any marketer can use as a surprisingly accurate proxy for the important, but often expensive, calculation of a brand’s market share, says a leading planner.
  
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• Keep your distance using behavioural science

  07-08-2020 01:27
  
  In the ‘new normal’ people will frequently encounter social distancing issues; it’s an area fraught with problems for retailers and public transport operators but behavioural science offers some pointers.
  
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• ITV sees signs of improvement after Q2 ad slump

  07-08-2020 01:27
  
  The full impact of COVID-19 on broadcast advertising was laid bare in ITV’s Q2 results, announced yesterday, which revealed that ad revenues were down 43% year-on-year for the three months to the end of June.
  
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• How attitudes towards feminism shape responses to sexualised advertising

  07-08-2020 01:27
  
  Ads that use sexualised images of women elicit similar responses from people with liberal and conservative perspectives on feminism, a study in the Journal of Advertising Research (JAR) has found.
  
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• Aussie women consider their options

  07-08-2020 01:27
  
  Australian women are feeling pressured under lockdown and many are thinking about taking a new path after the pandemic comes to an end.
  
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