US Companies Hit 15-Year High in Bankruptcy Filings

The US business landscape is facing a major shakeup as large companies are filing for bankruptcy at their highest rate in fifteen years. A surge of 13% was recorded last year, with key sectors like industrials, consumer discretionary, and healthcare seeing the brunt of the impact. 41 bankruptcies were filed within the industrial sector alone, while the consumer discretionary and healthcare industries reported 31 and 17, respectively. Experts attribute this alarming trend to a combination of factors including declining consumer sentiment, economic pressures, and unfavorable policy environments. The increased bankruptcy filings are raising concerns about market stability, investor confidence, and potential job losses as businesses struggle to adapt to the volatile economic landscape.