Markets

Carl Icahn netted $1.3 billion from betting against brick-and-mortar shopping malls with an instrument that gained fame in the 2008 crisis

Billionaire investor Carl Icahn made $US1.3 billion from his bet against shopping malls in the first half of the year. A filing said the bet was a result of “positive performance of their short exposure to commercial mortgage-backed securities through credit default swap contracts of $US1.3 billion.” The famed investor […]
Carl Icahn netted $1.3 billion from betting against brick-and-mortar shopping malls with an instrument that gained fame in the 2008 crisis
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The oldest mall in every state

Some malls have started to reopen across the US at reduced capacity. In the 1960s through the 1990s, malls were the place to be to hang out, shop, and grab a bite to eat in the food court. Some malls in the United States date back as far as the […]
The oldest mall in every state
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A data-collection firm is calling claims that it was sharing licence plate information with US immigration officials ‘pure fiction’

Irvine Company, a real-estate giant that runs 46 shopping centres in California, is reportedly sharing licence plate information with a surveillance technology company that in turn provides access to that data to the US Immigration Customs and Enforcement (ICE) agency. According to a privacy watchdog group, Vigilant Solutions signed a […]
A data-collection firm is calling claims that it was sharing licence plate information with US immigration officials ‘pure fiction’
News

Dying shopping malls are wreaking havoc on suburban America

Rolling Acres Mall in Akron, Ohio opened in 1975 to great fanfare as the premier shopping destination for the surrounding community. But customer traffic started to slow more than a decade ago, several department stores abandoned their leases, and the mall started failing. It lost its last store tenant in […]
Dying shopping malls are wreaking havoc on suburban America