Companies are going bankrupt at the fastest pace since 2020: A 'historic surge'

There is a "historic surge" of corporate bankruptcies underway in the U.S., as debt-saddled companies struggle to adjust to the new era of high interest rates. New figures published by S&P Global Intelligence show that 75 companies filed for bankruptcy in June, the highest number recorded in a single month since early 2020 at the height of the COVID-19 pandemic.

The Federal Reserve raised interest rates sharply in 2022 and 2023 to the highest level since 2001 in a bid to crush high inflation, bringing to an end more than a decade of ultra-easy money. Officials are now grappling with when they should take their foot off the brake amid signs that economic growth is slowing and inflation is once again falling.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

'New era' of cosmetics' regulation: FDA wields new powers over makeup companiesThe gradual phase-in of a 2022 law aims to improve accountability around some of America's most commonly used beauty products.
Источник: axios - 🏆 302. / 63 Прочитайте больше »