US corporate failures set to register 13-year high – report ...News

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US corporate failures set to register 13-year high – report
source : Russia Today ( News ) () 57
Higher borrowing costs have been hurting companies Corporate bankruptcies in the United States could reach the highest level since 2010 due to a sharp rise in borrowing costs and economic uncertainty, Guggenheim Investments has said this week, according to MarketWatch. The report indicated that more than 450 corporations had already filed for bankruptcy protection this year through the end of August, exceeding annual totals for the past two years. Guggenheim analysts said that a reacceleration of the US economy looks unlikely in the near future, due to the lack of supporting factors. “The fading of these tailwinds

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