Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Japanese corporate bankruptcies increased to its highest level since 2012 amid a plummeting yen & higher rates. #MacroEdge https://t.co/LF1eoh2sQl
US bankruptcies are riding rapidly: 275 large companies have declared bankruptcy through May of this year, the 2nd highest since 2010. Over the last 14 years, only 2023 saw a higher count of bankruptcy registrations, at 277. In May 2024 alone, 62 firms have gone bankrupt, the… https://t.co/ymNU6fYEcr
Number of U.S. companies going bankrupt at 14-year high, a surge typically seen in a recession - AP
The number of U.S. companies going bankrupt has reached a 14-year high, according to the Associated Press. This surge in bankruptcies, typically seen during a recession, is occurring despite the current economic expansion. Bankruptcies in the United States are up 35% year-over-year, with retail store closings up 24%. Globally, over 7,000 companies employing 130 million people are unable to pay back loans and are drowning in debt. In the U.S., 275 large companies have declared bankruptcy through May 2024, the second highest count since 2010. Only 2023 saw a higher count with 277 bankruptcies. In May 2024 alone, 62 firms went bankrupt.
