Billionaire Slashes Asking Price For Beverly Hills Mega- Mansion By A Third, Or $66 Million

March 29, 2017 - 10:27am
Billionaire Slashes Asking Price For Beverly Hills Mega- Mansion By A Third, Or $66 Million

Two weeks ago, we showed readers an example of just how sharp the drop in the high-end housing segment has been in Manhattan, courtesy of J. Crew CEO Mickey Drexler, who had slashed a whopping $15 million, or 40%, from the asking price of his Tribeca loft after it languished on the market for close to two years, unable to find a buyer. The 6,226-square-foot spread had recently reappeared for sale with a $19.95 million price tag, far below the original $35 million it was first listed for in April 2015.
It has yet to sell.

The Robots Win: Blackrock Bets On Computers Over Human Stock Pickers, Fires Dozens

March 29, 2017 - 9:53am
The Robots Win: Blackrock Bets On Computers Over Human Stock Pickers, Fires Dozens

The writing had been on the wall - and countless online articles  - for a long time...

... and on Tuesday it finally hit the world's largest asset manager, where in the war between passive-investing robots and active-investing humans, the humans lost. As the WSJ reports, at Blackrock, the era of the star "stock picker" is coming to an end, and he will be replaced by this...

Equity Research Faces "Major Disruption" As Study Finds "Less Than 1%" Of Reports Are Actually Read

March 29, 2017 - 9:30am
Equity Research Faces "Major Disruption" As Study Finds "Less Than 1%" Of Reports Are Actually Read

What if we were to tell you that for the bargain basement price of just $10,000 per hour you could buy yourself the privilege of a 1-hour conversation with an equity research analyst from a top-notch investment bank, would that be something that might be of interest to you?  While we hate to be overly pessimistic, we're gonna go out a limb and guess that most of you answered in the negative to that question.

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