🟥🟥🟥🟥🟥

US corporate bankruptcies hit their highest level since the 2008 financial crisis - as Americans tighten their belts.

Companies have also incresingly been grappling with high rising debts - driven by  high interest rates that caused borrowing costs to spike.  
In 2024, 686 companies filed for bankruptcy, up 8 percent from 2023 - and almost more than 2021 and 2022 combined. It also marks the most filings since 2010, according to data from S&P Global Market Intelligence.