Watching the Real-Estate Bust
The pandemic severely affected mall retailers. The mall’s occupancy plummeted from 96% to below 50%. Owners Unibail-Rodamco-Westfield and Brookfield Properties ceased mortgage payments, and by...
Investors Turn Cautious on Consumer Debt
Investors are growing more skittish about bonds backed by consumer debt, worried that inflation and slowing growth will increase the number of low-income borrowers falling...