The fastest growing business within Salesforce is the company's marketing cloud. The products' Chief Strategy Officer Jon Suarez-Davis explains the factors leading the marketing clouds growth.
Shares of Salesforce are up more than 50 percent year to date. Suarez-Davis says the marketing cloud generated about $1 Billion in revenue this year. He says the key to achieving this growth is customer centric solutions that enable marketers to deliver real-time brand experiences.
Salesforce recently announced a partnership with Google Analytics for the marketing cloud. Suarez-Davis says this will extend Salesforce's value proposition for clients not only in marketing but across sales and services. When looking at the crowded cloud computing space, Suarez-Davis says their unique position in the landscape as a fully integrated platform across marketing, service, commerce, and sales helps Salesforce stand apart.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
