Rising Number of Corporate Bankruptcies in the U.S. Raises Economic Alarms

Saturday, 13 July 2024, 19:22

The month of June witnessed a significant increase in corporate bankruptcies in the U.S., with 75 filings recorded, surpassing the pandemic-era peak in July 2020. This surge, as reported by S&P Global Market Intelligence, points to growing economic concerns amidst the ongoing pandemic.

Yahoo Finance — Rising Number of Corporate Bankruptcies in the U.S. Raises Economic Alarms

Surge in U.S. Corporate Bankruptcies

The number of corporate bankruptcies in the U.S. has risen, with June recording 75 filings, exceeding the peak of 74 in July 2020.

Economic Alarm Bells

This surge in bankruptcies signals potential economic challenges facing businesses.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Surge in U.S. Corporate Bankruptcies

Economic Alarm Bells

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