finance

US bankruptcies hit the highest level in 14 years:

There have been 346 bankruptcy filings in the US, year-to-date, the most since 2010! 📉📉

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Good point. Seems that this only includes companies of a certain size

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Rome, Metropolitan City of Rome Capital, Italy

I'm surprised the numbers are so low for a country with 300M people.

No wonder, due to a combination of high interest rates, persistent inflation, and economic uncertainty, these factors have increased borrowing costs and financial strain on businesses and consumers, leading to a rise in bankruptcy filings.

I bet a big portion of it is a newly founded company. The company market is really crowded imo. Lot's of competitors and such hence the soaring bankruptcy.