Your Evening Briefing
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It’s the retail apocalypse and only YOU can save the American mall—or at least attempt to. We put together an online game to test your skills in running a profitable shopping complex in the face of declining foot traffic, ballooning rents, and, of course, Amazon. If you need help (or retail therapy), maybe take some tips from the fanciest shopping center in the country, which is ticking along just fine.—Katie Robertson
U.S. stocks plunged again. The sense of dread that gripped equity markets earlier in the week re-emerged on Thursday as U.S. fell to two-month lows on concern that rising interest rates will drag down economic growth. The Dow plunged more than 1,000 points and the S&P 500 sank 3.75 percent. The Cboe Volatility Index was more than double its level a week ago.