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A surge in large US corporate bankruptcies has reached a 15-year high, with 246 filings year-to-date. Analysts link the trend to trade wars, inflation, and worsening consumer sentiment.
- 246 large US companies filed for bankruptcy in 2024, the highest in 15 years.
- Consumer discretionary firms are hardest hit due to tariffs and inflation.
- US consumer sentiment has plummeted to near-record lows, worse than 2008.
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