๐ Macroeconomics 50 companies filed for bankruptcy in October, down from 61 in September, according to the latest S&P Global Market Intelligence data. So far, 561 companies sought bankruptcy protection, more than any year since 2010, except for 2020. 50 companies filed for bankruptcy in October Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/us-corporate-bankruptcies-slow-in-october-number-of-large-filings-rises-78294932October 2023 bankruptcyTLDRS:50 companies filed for bankruptcy in October, down from 61 in September. This was the second-lowest monthly total for the year so far, though still elevated compared to monthly filing totals for most of 2021 and 2022.So far, 561 companies sought bankruptcy protection, more than any year since 2010, except for 2020.Reddit PostTweet
S&P Global: US bankruptcy filings spiked in August (63) after a July slowdown, leading to the highest total for the first eight months of the year since 2020 and the second-highest since 2010. US bankruptcy filings surged in August after a slowdown in July, reaching the highest total for the first eight months of the year since 2020, according to data from S&P Global Market Intelligence. A total of 63 public and certain private companies filed for bankruptcy in August, up
Philadelphia Fed launches search for its next president and CEO, as current president and CEO Patrick Harkerโs tenure will conclude on June 30, 2025. The Federal Reserve Bank of Philadelphia has begun its search for a new president and CEO to succeed Patrick T. Harker, whose tenure will end on June 30, 2025. A committee of eligible Philadelphia Fed board members, in accordance with Federal Reserve policies, will lead the search, chaired by Anthony
Multivariate Core Trend (MCT) inflation increased to 2.5% in July from 2.2% in June. The MCT gauges inflationโs persistence across 17 core sectors of the personal consumption expenditures (PCE) price index. Inflation measured by the Multivariate Core Trend (MCT) model increased to 2.5% in July, up from a revised 2.2% in June, signaling growing inflationary pressure. The MCT, which gauges inflationโs persistence across 17 core sectors of the personal consumption expenditures (PCE) price index, indicated that the probability
