Rite Aid files for Chapter 11 bankruptcy

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Rite Aid (RAD) shares dropped in early trading as the company filed for Chapter 11 bankruptcy amid slowing sales, increasing debt, and ongoing opioid...

) shares dropped in early trading as the company filed for Chapter 11 bankruptcy amid slowing sales, increasing debt, and ongoing opioid lawsuits.Charlie Munger is a fraction as wealthy as Warren Buffett. He'd be worth over $10 billion if he kept all of his Berkshire Hathaway stock.

Warren Buffett's business partner, Charlie Munger, would be a lot richer today if he hadn't sold or donated over 75% of his Berkshire Hathaway stock. Super-rich Americans are now giving up on the stock market, holding historic levels of cash — here's why and what they're plowing their wealth into instead'Money destroys families': Kevin O'Leary shares his hard-and-fast rule about lending cash to loved ones — here are 3 paths to financial freedom

Default risks loom for nearly $2 trillion of junk-rated debt as US companies hit with higher interest rates High interest rates and tight financial conditions mean that huge amounts of risky corporate debt could have a tough time refinancing in coming years.TORONTO — As more and more homeowners face mortgage renewals at surprisingly higher interest rates, some are facing the dreaded prospect of having to sell a home they can no longer afford.

 

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