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News
January 6, 2025
Companies signal court fight ahead after Biden blocks U.S. Steel sale
Move comes after a year of political and economic drama. It leaves the future of the once-iconic American business in doubt.
Rising interest rates, inflation, higher labor costs, and post-pandemic shifts in consumer spending were common factors cited by companies that filed for bankruptcy in 2024.
Brick-and-Mortar Legacy Hangs Over Forever 21’s Owners
Last month Forever 21 launched a limited-edition range to celebrate the 20-year anniversary of the film Mean Girls, but it’s not just its customers that are nostalgic for those halcyon days.
President-elect Donald Trump’s pledges to impose broader tariffs on most goods from US trading partners and a heavy levy on Chinese goods have, as usual, triggered a maelstrom of skepticism.
Budget carrier Spirit Airlines announced it filed for Chapter 11 bankruptcy on Monday in the face of mounting losses, increased labor costs and a highly competitive air travel market.
Distressed retail and CPG companies in tariff crosshairs
President-elect Trump's promise to raise tariffs would hurt apparel and durable goods manufacturers and retailers, in particular, says Bea Chiem, retail director at S&P Global Ratings.
RapidRatings Appoints Eamonn Dunne as Chief Technology Officer
RapidRatings, the leading provider of financial health data and analytics, today announced the appointment of Eamonn Dunne as Chief Technology Officer.
