Borrowing costs have surged. Goods can’t get from factory to retail floor fast enough. Investors have lost their appetite for money-losing startups.
Those are some of the factors that made June the busiest month for large corporate bankruptcies since March 2021, according to data compiled by Bloomberg. Those that succumbed -- 13 in total -- ranged from a nearly century-old beauty company to an ex-SPAC that went public less than a year ago.
The situation looks likely to get worse before it gets better. The Federal Reserve’s bid to fight widespread inflation by raising interest rates is making it harder ...