BXP chief says the office sector is overbuilt

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. The U.S. office…

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AI, Nikkei 225, Hang Seng Index, CSI 300

Eschcollection | Digitalvision | Getty Images Asia-Pacific markets traded mixed Wednesday, tracking Wall Street declines as concerns about artificial intelligence valuations continued to pressure tech stocks. Japan’s benchmark Nikkei 225 index reversed course to rise 0.5%, while the Topix index added 0.55%. Technology sector had dragged the Nikkei 225 index lower in early trading, led…

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AI trade cooled off. Jim Cramer gives a timeline

Wall Street’s love affair with the artificial intelligence trade — a major driver of the market’s gains in recent years — has encountered a rough patch this fall. And on Tuesday, CNBC’s Jim Cramer said more declines in AI stocks could be on the way. In examining what has resulted in the red-hot AI trade turning…

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Trump meets with Saudi Crown Prince Mohammed bin Salman

President Donald Trump and Saudi Arabia’s Crown Prince Mohammed bin Salman, the de facto ruler of his nation, on Tuesday brushed off questions about bin Salman’s involvement in the 2018 killing of the Saudi journalist Jamal Khashoggi in the Saudi consulate in Istanbul. “Things happen,” Trump said when asked about Khashoggi’s killing by Mary Bruce…

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Why superior speed isn’t selling EVs

Electric vehicles have quicker acceleration than gas cars, and the fastest ones can now reach the highest top speeds in the world. That helped make Tesla one of the strongest brands in the automotive world, and prove EVs were more than golf carts. But sales data and insiders — and even fans — say it…

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FanDuel, DraftKings abandon AGA trade group memberships

FanDuel and DraftKings on Tuesday said they are quitting the American Gaming Association, the leading trade organization representing casinos, gaming manufacturers and sportsbooks. In separate announcements, the companies said they were abandoning their AGA memberships because the direction of online betting — increasingly tied to booming prediction markets — does not align with the trade…

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