Why So Many US Companies Are Going Bankrupt
October 6, 2023
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6:35Now PlayingWhy So Many US Companies Are Going Bankrupt
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as posted by the channelFrom Bed Bath & Beyond to Pyrex to WeWork, some of America’s best known brands are declaring bankruptcy. After years of cheap borrowing, the Federal Reserve’s push to curb inflation has also pushed up interest rates—and made the price of debt more expensive. So what does it mean for the economy and which industries are most at risk?
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