Sales & Marketing news

• Joe Biden would consider another round of stimulus checks if he's elected in November. Here's his economic plan to pull the US out of recession.

  22-08-2020 15:20 via feedproxy.google.com
  
  Joe Biden is the Democratic nominee for president, and he's proposed $4 trillion in new tax increases to fund a collection of federal programs to pull the US out of recession.
  Among the measures are a possible round of stimulus checks, state aid, $8,000 tax credits for parents with young kids, and coverage of health-insurance costs for newly jobless people.
  He also supports boosting unemployment benefits, though his platform doesn't specify an amount.
  Visit Business Insider's homepage for more s
  
  Read more

• How much incoming investment bankers get paid at the 10 bulge-bracket banks

  22-08-2020 15:20 via feedproxy.google.com
  
  Welcome to the weekend!
  The competition for young talent is fierce and it's no secret that investment bankers are among America's highest-paid earners out of college. This week Business Insider got the details behind the base salaries and annual bonuses top investment banks and boutiques pay.
  Reed Alexander combed through data from online forum Wall Street Oasis to round up what the 10 bulge-bracket banks pay their first-year analysts. Read the full story to see which bank pays the most total co
  
  Read more

• A billionaire who vowed to pay off student loans for an entire college graduating class is said to be facing a criminal tax probe

  22-08-2020 14:55 via feedproxy.google.com
  
  The billionaire investor Robert Smith is the subject of a federal investigation into potential tax crimes, Bloomberg reported Friday, citing unnamed sources.
  Federal authorities have spent four years investigating whether he failed to pay taxes on $200 million in assets that were moved through offshore entities, Bloomberg added, citing its sources.
  Smith has not been charged with a crime, according to Bloomberg, which said he might be found not to owe taxes on the assets even without any kind of
  
  Read more

• These are the only 7 stocks in billionaire Bill Ackman's market-beating portfolio

  22-08-2020 14:54 via feedproxy.google.com
  
  Billionaire Bill Ackman's portfolio was up 42.4% at the end of July, outperforming the broader market through the same time period. 
  In the second quarter that ended in June, Ackman trimmed his portfolio to a small group of seven stocks, dropping Berkshire Hathaway, Park Hotels & Resorts, and Blackstone. 
  Here are the seven stocks that remain in Ackman's market-beating portfolio. 
  Read more on Business Insider. 
  After a solid start to the year, billionaire investor Bill A
  
  Read more

• Advertisement

• The world’s largest wealth manager explains how the Fed has completely altered how the stock market works — and says the S&P 500 can climb another 9% by next June

  22-08-2020 14:52 via feedproxy.google.com
  
  The Federal Reserve's unprecedented monetary easing decoupled the stock and Treasury markets, but it might play right into investors' hands, Mark Haefele, chief investment officer at UBS, said Thursday.
  Treasury yields typically rise when stocks do, but the Fed's forecast of near-zero rates lasting for years led Treasurys to sink as stocks soared higher.
  "Investors now face a stark choice" between following precedent and exiting stocks or believing in the Fed's influence and piling into the mark
  
  Read more

• 'Unintended detrimental consequences': A former Wall Street chief strategist says the Fed has driven flimsy stock-market highs that will come crashing down — and warns bullish day-traders will be futile to stop it

  22-08-2020 14:50 via feedproxy.google.com
  
  Peter Cecchini, the CEO and founder of AlphaOmega Advisors and former global chief market strategist at Cantor Fitzgerald, thinks the Federal Reserve has backed itself into a corner through the implementation of 0% interest rates and unlimited quantitative easing.
  Lofty market valuations and the emergence of a fickle retail trading boom add fuel to his bearish outlook.
  "It's no secret I've been bearish of the S&P 500 since about 3,000," he said.
  Click here to sign up for our weekly newslette
  
  Read more

• India, Brazil, and South Africa will face the 'harshest' economic impact from the coronavirus in major nations as they're corrupt and badly run, a report says

  22-08-2020 13:01 via feedproxy.google.com
  
  India, South Africa, and Brazil can expect the "harshest repercussions" from COVID-19 on their economies among G-20 members, according to a report released this week.
  These three economies lie at the very bottom of risk consultancy Verisk Maplecroft's "Recovery Capacity Index" when it comes to the coronavirus.
  "A drawn-out recovery for these markets will have severe repercussions for the investment community, consumer markets and multinationals," Verisk Maplecroft's report said.
  Visit Business I
  
  Read more

• A famed short-seller explains why he's betting big against a Chinese tech stock that has seen a 'crazy stupid' 320% gain in 2020

  22-08-2020 12:00 via feedproxy.google.com
  
  Famed short-seller Andrew Left is shorting the stock of Chinese online education provider GSX Techedu.
  Left told Business Insider that he thinks the company is exaggerating its profitability, and will ultimately be delisted by the New York Stock Exchange
  "The company is crazy stupid. If you believe their financials, then you believe that they've created probably the greatest company that's ever been created since early stage Google," he said.
  GSX Techedu's stock is up 320% in 2020.
  The company h
  
  Read more

• Advertisement

• Warren Buffett's Berkshire Hathaway has scored an $86 billion gain on Apple — more than the famed investor's entire net worth

  22-08-2020 09:43 via feedproxy.google.com
  
  Warren Buffett's gain on his Apple investment easily exceeds his personal fortune.
  The billionaire investor's Berkshire Hathaway conglomerate spent about $35 billion to buy 245 million Apple shares that are now worth about $122 billion, representing a gain of more than $80 billion.
  Buffett's net worth has sunk by $11 billion this year to $78 billion, reflecting a decline in Berkshire's share price and his philanthropy.
  Berkshire's Apple stake is worth more than four times as much as its Bank of
  
  Read more

Follow @sales_mrktinguk on Twitter!