US Corporate Bankruptcy Rate Hits All-Time High Amidst Economic Turmoil

A wave of bankruptcies among major U.S. companies has reached a record high this year, driven by economic uncertainties and trade tensions. According to market analysts, 246 large-scale firms filed for bankruptcy since the beginning of 2024, surpassing the levels seen in any prior 15-year period. This alarming trend is attributed to turbulent markets, tariffs, and inflation-driven challenges.