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
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
S&P Global Market Intelligence: Commercial real estate loan delinquencies reaccelerate as loan growth slows. The delinquency ratio for CRE loans across US banks rose 16 basis points in Q2 to 1.40% According to data from S&P Global Market Intelligence, the delinquency rate for commercial real estate (CRE) loans across U.S. banks increased to 1.40% in the second quarter, reflecting ongoing stress in the office sector. CRE borrowers are under pressure from higher interest rates as loans mature,
