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☆ First Republic slumps after report of potential government backing in deal
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +5 min

March 21 (Reuters) - Shares of First Republic Bank (FRC.N) tumbled 14% in extended trade on Tuesday following a report that a potential deal for the troubled bank could rely on government backing to encourage buyers. Potential government backing in a deal to save First National could involve conditions at the expense of the bank's shareholders, said Dennis Dick, a trader at Triple D Trading in Ontario, Canada. While a sale of the entire bank remains possible, First Republic is currently focused on raising capital, the third source said. First Republic's shares had surged as much as 60% on Tuesday before closing up 30%, but even so First Republic's stock has lost over 80% in value in the past two weeks. JPMorgan is advising First Republic on its options to raise capital from investors, a source familiar with the situation previously said.

☆ 3 steps small-business owners can take to build successful (and affordable) influencer collaborations
▼ + stars: | 2023-03-03 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +8 min

Small-business owner Molly Fedick and consultancy owner Alexandra Shadrow discuss influencer marketing. Molly Fedick founder of Buzzkill Wines Molly FedickMolly Fedick, founder of nonalcoholic beverage company Buzzkill Wines, saw her direct-to-consumer sales jump 327% when she started investing heavily in influencer marketing. Alexandra Shadrow, founder of Trailblaze Consulting, said she's relied heavily on influencer marketing for a recent client, live resale app Jamble. Shadrow and Fedick shared with Insider the best practices they've used to ensure their influencer collaborations are successful — while staying within a small-business budget. Finally, rather than sending out hundreds of influencer packages, Fedick recommends focusing on creating deeper relationships with 20 to 50 people.

☆ Amazon bulked up its advertising behemoth in 2022 — and its becoming an even bigger threat to Meta
▼ + stars: | 2022-12-27 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +10 min

Amazon's digital ad business is only behind Google's and Meta's — and it's already stolen budget from Meta. Today, that advertising business is no longer simply a way to drive product sales on Amazon. Amazon's ad business, which generated $9.5 billion during the third quarter of 2022, dwarfed Microsoft and Snap and ranked third behind Google and Facebook parent, Meta. There are now nearly 600 advertising partners in Amazon's advertising ecosystem, according to Amazon's directory of companies in the space. As part of its ambitions to grow advertising, Amazon also pitches a data clean room called Amazon Marketing Cloud.

☆ Retail advertising surged in 2022 — but in 2023, these new ad businesses will need to steal TV ad budget to survive
▼ + stars: | 2022-12-16 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +5 min

Retailers will face more competition for ad dollars with smaller ad budgets from marketers in 2023. WPP's media buying unit GroupM said that retail media brought in $110 billion this year and is on track to generate $160 billion by 2027. But 2023 will be the year that determines which retail ad businesses will win and which will lose. But some retailers are trying to grow their retail media businesses by separating those two, so retail ads are no longer part of the distribution deal. Retailers are coming for TV budgetsIf retail media budgets increase, other types of ad budgets must get cut.

Markets had started the week with a "risk-on" tone, which some analysts attributed to hopes that China could relax its strict COVID-19 lockdown measures. But the move showed signs of losing momentum on Tuesday as Asian stocks saw only small gains. The yuan weakened against the dollar and Chinese stocks slipped as COVID-19 cases rose. European stocks indexes opened in the red, then became mixed. "The market is wanting to cling to any positive news and a market positive Midterm result could mean another risk positive day," RBC said.

☆ Russian missile strikes have knocked out power for 1.5 million Ukrainians: 'total darkness and cold are coming'
▼ + stars: | 2022-10-23 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

A barrage of Russian missiles fired Saturday targeted Ukraine's electrical grid. Ukrainian parliamentary deputy Kira Rudik tweeted that power was knocked out for 1.5 million people. "Total darkness and cold are coming," Rudick said, as the country prepares for winter with limited power. "1.5 million of #Ukrainians without electricity right now," Kira Rudick, a member of the Ukrainian parliament tweeted shortly after the attacks. On Telegram, President Volodymyr Zelenskyy called the attacks "vile strikes on critical objects," and urged Ukrainians to conserve energy.

☆ Wall St falls on worries of lower third-quarter corporate profit; Amgen jumps
▼ + stars: | 2022-10-11 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +4 min

Big U.S. banks are set to report quarterly results on Friday that may offer insight into the health of the U.S. economy. "Right now the market wants to see data, show me the numbers, show me we're getting inflation down. Until then, this market is probably stuck in this whole death by a 1,000 cuts scenario," Dick said. Declining issues outnumbered advancers for a 3.28-to-1 ratio on the NYSE and for a 2.36-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week high and 71 new lows, while the Nasdaq recorded 10 new highs and 250 new lows.

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