Companies are going bankrupt at the fastest pace since 2020: A 'historic surge'
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. That pushed this year's total number of bankruptcies so far to 346, which is notably higher than comparable levels seen in the past 13 years.Before this, the highest half-year figure recorded was in 2010, with 437 companies filing for bankruptcy from January through June.
Companies are going bankrupt at the fastest pace since 2020: A 'historic surge'
New figures published by S&P Global Intelligence show that 75 companies filed for bankruptcy in June, the highest number recorded in one month since 2020.
www.foxbusiness.com
PepsiCo revenue disappoints as inflation-battered customers cut back on snack spending
PepsiCo revenue disappoints as inflation-battered customers cut back on snack spending
PepsiCo shares fell after the company revealed the less-than-ideal projections.
nypost.com
Delta shares plunge after lower-than-expected profit forecast despite surge in travel
Delta shares plunge after lower-than-expected profit forecast despite surge in travel
CEO Ed Bastian said he expects high demand — which is causing airlines to lower their ticket prices — to balance out in the fall.
nypost.com
Bidenomics has failed hardworking Americans
Bidenomics has failed hardworking Americans - Washington Examiner
The disconnect between the stories told by hardworking people struggling in this economy and the rosy picture painted by the president and his supporters is stark.
www.washingtonexaminer.com
Redbox shutting down 24K kiosks, over 1,000 workers haven’t been paid over parent company’s bankruptcy filing
Redbox shutting down 24K kiosks, over 1,000 workers haven’t been paid over parent company’s bankruptcy filing
At its height, Redbox saw an annual revenue of $1.97 billion back in 2013 and once had 43,000 kiosks in the US and Canada.
nypost.com
Big Lots to close 35 to 40 stores this year amid 'doubt' the company can survive
Big Lots to close 35 to 40 stores this year amid 'doubt' the company can survive
A financial filing by the company showed not only that it plans to close 35 to 40 locations this year, but also reported millions in lost sales.
www.usatoday.com