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A shopping mall operator in the United States has filed for bankruptcy protection.
Washington Prime Group, a US real estate investment trust that operates closed shopping malls and high streets, filed for bankruptcy protection on Sunday after it was hit hard by an epidemic that restricted people's shopping activities. Under Chapter 11 of the US bankruptcy law, the company can continue to operate while seeking court approval for its debt repayment plan. Headquartered in Columbus, Ohio, Washington Prime operates about 100 shopping malls. With rent collectors drying up and tenants closing down, the company ran into trouble in 2020. The company began to settle debts last year.
Goldman Sachs: growth stocks will outperform value stocks again by the end of the year
Goldman Sachs said the rotation towards value stocks spurred by the global economic recovery was almost over, and while value stocks would still outperform the market in the short term, investors should expect growth stocks to regain market leadership by the end of the year. "History, valuations, positions and economic deceleration show that most of the rotation is a thing of the past," Goldman Sachs said in a recent report by Ben Snyder (Ben Snider). After a long period of outstanding performance, growth stocks have recently given way to value stocks. Value stocks are soaring again as investors prepare for the economy to recover from the novel coronavirus crisis. High