Companies going bankrupt at the fastest pace since 2020 in ‘historic surge’
The US is experiencing a “historic surge” in corporate bankruptcies as debt-laden companies struggle to adapt to a new era of high interest rates. New figures announced S&P Global Intelligence Seventy-five companies filed for bankruptcy in June, the most in a single month since the peak of the COVID-19 pandemic in early 2020. This brings […]
DAVID BLACKMON: Bonfire Of The E-Vanities: Bankrupt EV Start-Up Fire-Selling Remaining Inventory
Hey, want a cheap Fisker Ocean EV? Want a bunch of them? All you need is $2,500 in cash for a few hundred of Fisker’s remaining inventory of damaged Ocean SUVs, and they are yours! Bankrupt pure-play battery electric-vehicle maker Fisker, desperate to raise cash to keep what remains of its operations open as it goes […]
Companies are going bankrupt at the fastest pace since 2020: A ‘historic surge’
First on “Making Money,” FHN Financial chief economist Chris Low and Constance Hunter, senior advisor at MacroPolicy Perspectives, debate whether inflation or the economy will slow first. The US is experiencing a “historic surge” in corporate bankruptcies as debt-laden companies struggle to adapt to a new era of high interest rates. New figures announced S&P […]