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InsightsReal Estate Services Stocks Sink in Latest ‘AI Scare Trade’Shares of CBRE Group Inc. and Jones Lang LaSalle Inc. plunged 12%, and Cushman & Wakefield Ltd. dropped 14%. For CBRE and Cushman & Wakefield, the moves marked the biggest drop since 2020 in the midst of the Covid-driven market selloff.
InsightsJPMorgan builds $2.93 billion stake in health care stockThe big bank’s investment arm disclosed a whopping multibillion-dollar stake in Eli Lilly (LLY) in its fresh 13F filing, making it the stand-out addition in its power-packed portfolio.
InsightsAI Fear Grips Wall Street as a New Stock Market Reality Sets InFor months, investors have been growing increasingly anxious about how artificial intelligence will potentially transform the economy. Last week, those concerns suddenly spilled over into the stock market.
InsightsGoldman Sachs bucks Warsh Fed rate cut worryGoldman Sachs, however, doesn’t believe that a Fed run by Warsh will automatically mean rates stay higher than they’d be otherwise, and in a new research report, suggests that interest rate cuts and quantitative easing are still on the table.
InsightsBlackstone in advanced talks to be New World’s top shareholderBlackstone Inc is in advanced talks to become the single largest shareholder of New World Development Co, according to people familiar with the matter, a move that would see one of Hong Kong’s richest families relinquish control of a major asset.
InsightsCathie Wood quietly buys $7.27 million of popular tech stockOn January 21, the ARK Invest boss shelled out $7.27 million on the streaming giant’s stock after Netflix posted another superb quarter of beats across both lines.