Skip to main content

Newsroom Headlines

Why a $1.5 Trillion Source of Corporate Financing Is Choking on Higher Rates

A financial stream that helped fund the world's riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive rate hikes bring tougher

Kingpyn Tournament Canceled as Company Reportedly Files for Bankruptcy

The influencer-boxing bug has taken over the internet, with creators from all platforms looking to get a piece of the pie, Desert reported. The trend was officially kicked off by Logan Paul and KSI’s

U.S. New Vehicle Sales Rise on Strong Demand, Better Supply

New vehicle sales in the U.S. for top global automakers rose in the second quarter on improving supply and strong demand, signaling that rising interest rates have not yet had a meaningful impact on

United Furniture Bankruptcy Sale Slated for July 25 in Memphis

Fourteen sites owned by United Furniture Industries will be up for auction later this month, Connect CRE reported. United, also known as Lane Furniture, ceased operations in November and has filed for

Christmas Tree Shops Expects to Liquidate All of Its Stores

Christmas Tree Shops is poised to liquidate all of its stores roughly two months after the struggling home-goods retailer filed for chapter 11 protection, the Associated Press reported. When Christmas

Commercial Chapter 11 Filings Increased 68 Percent in the First Half of 2023

The 2,973 total commercial chapter 11 bankruptcies filed during the first six months of 2023 represented a 68 percent increase over the 1,766 filed during the same period in 2022, according to data

Household Savings Collapse Sparks Recession Fears Among Economists

While Americans had built up savings at an unprecedented rate following the pandemic, households are struggling to put money away this year — a trend that has fueled fears among economists of an

Curb Use of Dollar Libor Alternatives to Fed Rate, Says Watchdog

The use of four dollar-denominated alternatives to the now-scrapped Libor interest rate need restrictions to avoid threatening financial stability, a global securities watchdog said and Reuters

Retailers, Beware: Resumption of Student Loan Payments Could Lead Some Buyers to Pull Back

Just as the American economy is struggling with high inflation and interest rates, the coming resumption of student loan payments poses yet another potential challenge, the Associated Press reported

MediaMath Seeks Bankruptcy Protection

MediaMath is filing for bankruptcy protection, an emergency proceeding that took place after it failed to successfully negotiate terms with potential buyers in recent weeks, Digiday reported. It’s a