US corporate bankruptcies hit 14-year high as interest rates take toll
Consumer companies such as Party City hit by persistent inflation and weak spending
Read more at Financial Times
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'Music is back' as sales hit a 20-year high
Albums by Billie Eilish, Taylor Swift and Coldplay pushed sales of recorded music to a record £2.4bn.BBC News - 2h -
Trump: ‘Interest rates are far too high’
President-elect Trump on Tuesday declared interest rates are too high even as he decried still-elevated inflation, setting up renewed tensions with the central bank chair who resisted pressure cut ...The Hill - 12h -
FirstFT: US corporate bankruptcies hit 14-year high
Also in today’s newsletter, Trump reiterates ambition to buy Greenland and Wall Street’s top regulator steps downFinancial Times - 18h -
HELOC interest rate pros and cons to know for 2025
A HELOC interest rate comes with some significant pros and cons in today's evolving economic climate.CBS News - 1d -
Fed has hit the pause button for rates, and may only cut once this year, experts say
The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...MarketWatch - 1d -
Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
The 30-year mortgage rate averaged at 6.91%, Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - 3d -
U.S. Car Sales Hit a Five-Year High in 2024
Years of effort ironed out supply chain problems, eliminated shortages, but lower interest rates made the difference in the return to pre-pandemic sales levels.Inc. - 4d -
DOJ Takes the Dizzying Corporate Transparency Act Saga to the Supreme Court
The anti-money laundering law has been volleyed back and forth at the appeals level. Should businesses comply with its reporting requirements anyway?Inc. - 5d -
Cruise ship stomach bug illnesses hit 12-year high: CDC
Cruise ships saw the highest number of stomach bug illnesses since 2012 with 16 outbreaks that impacted 1,894 passengers.The Hill - 5d
More from Financial Times
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Trump refuses to rule out force to take Greenland and Panama Canal
US president-elect also vows to rename Gulf of Mexico as ‘Gulf of America’ and to impose tariffs on alliesFinancial Times - 10h -
UK long-term borrowing costs hit highest level since 1998
Rising interest costs raise fears about chancellor’s ability to hit revised fiscal rulesFinancial Times - 13h -
Is the US stock market in bubble territory?
Valuations might be frothy but don’t seem nuttyFinancial Times - 13h -
Musk’s war on America’s allies
The question of whether he is speaking for Trump is urgent for EuropeFinancial Times - 17h -
US stocks slide as strong data sends Treasury yields higher
Investors bet Fed likely to lower interest rates just once this year after better than expected jobs and services figuresFinancial Times - 7h
More in Business
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Taiwan Suspects a Chinese-Linked Ship of Damaging an Internet Cable
The Taiwanese Coast Guard said seven Chinese nationals were aboard a ship suspected of causing the damage.The New York Times - 36m -
Aviation industry faces a slew of challenges — 'problems that will take years' to resolve
The aviation industry is bracing for another year of turbulence, as delivery delays at Boeing and supply chain problems are set to continue in 2025.CNBC - 48m -
Amazon Prime Will Release a Melania Trump Documentary
The film, billed by the company as a “behind the scenes” look at her life, started shooting in December and is slated for theatrical and streaming release this year.The New York Times - 1h -
Former MoviePass Executive Pleads Guilty to Fraud Over ‘Unlimited’ Plan
Prosecutors said that Theodore Farnsworth, who ran the parent company of MoviePass, had misled investors about its popular subscription plan.The New York Times - 1h -
Apple’s ‘decidedly unattractive’ outlook sparks rare bearish call on the stock
An analyst says Apple’s stock price bakes in only good news, but he sees more than 20% downside as negative developments pile up.MarketWatch - 2h