$2.5T has been wiped from US stocks
U.S. stocks have lost $2.5 trillion in market value. The available content gives no details about when it happened or what caused the decline. (reddit.com)
Rotherham shows how retail parks and out-of-town centres have drawn shoppers away from traditional high streets. Parkgate, opened in 1987, now attracts customers with large chains, plentiful free parking and easy car access; nearby Meadowhall offers another alternative. Nationally, retail parks had a record-low vacancy rate of 4.8% at the end of 2025, compared with 13% on high streets. In Rotherham, around 70 town-centre units - 24% - are empty, while vape, discount and charity shops are prominent. Some residents say they have not shopped in the centre for years.
Shopkeepers and locals describe a downward spiral involving weak footfall, tight household budgets, safety fears and parking costs. One retailer says customers, particularly older people, stay away because of theft, drug use and disorder; central Rotherham recorded 1,105 crimes in August. The council has reduced parking charges and offered some free parking, but traders say access remains a barrier. The decline also reflects changing retail habits: supermarkets now provide services once found on high streets, while large stores offer greater choice than smaller shops. Yet loyal customers rallied to save independent shop Yella Brick Road from closure. Its owner’s experience suggests the town centre still has supporters, but survival depends on understanding what people value and rethinking the purpose of a town centre beyond conventional shopping.
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U.S. stocks have lost $2.5 trillion in market value. The available content gives no details about when it happened or what caused the decline. (reddit.com)
Chip stocks plunged as Wall Street headed for its worst post-midterm Election Day performance since 1896. The provided page contains no further details about the selloff or its causes. (finance.yahoo.com)
California Gov. Gavin Newsom commuted the death sentences of all 548 people on the state’s death row to life in prison. The move is largely symbolic because California has not executed anyone since 2006, but it could reduce court costs. (bbc.com)
California Gov. Gavin Newsom commuted the death sentences of all 548 people on the state’s death row to life without parole, citing his opposition to capital punishment. Prosecutors and victims’ advocates are expected to challenge the blanket commutation, which affects about one-quarter of death sentences nationwide. (nytimes.com)
A selloff in AI stocks rattled Wall Street. The S&P 500 fell more than 3%. (apnews.com)
An anonymous seller is auctioning about $500 million in data center loans, including debt tied to OpenAI’s Stargate project and operators Vantage and CyrusOne. The sale reflects growing investor concern that AI infrastructure spending and data center projects face mounting financial and political risks. (bloomberg.com)
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