There's a wave of corporate defaults and bankruptcies that could be coming as high interest rates batter US companies.
Rising corporate bankruptcies and debt defaults are another headwind for the economy, experts warn
- A wave of corporate bankruptcies and debt defaults could rock the economy, experts say.
- Charles Schwab expects bankruptcies and defaults to peak at some point over the next two quarters.
- A spike in bankruptcies among US companies could help push the economy into a recession.
.jfif)
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