Surge in U.S. Corporate Bankruptcies Signals End of Easy Money Era Amid Contraction in Bank Credit

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Corporate bankruptcies in the U.S. have surged by 30% over the past year, signaling the end of the easy money era and a sobering wake-up call for companies.

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Shoppers Are Pulling Back, Even on Groceries: Target CEO

Target CEO Brian Cornell reports that consumers are cutting back on spending across the board, including essentials like groceries. The retailer has seen a consistent decrease in sales of non-essential items for seven quarters straight, and now even the quantity of food items sold is dropping. Despite some economists backpedaling on recession predictions and signs of inflation slowing, Target is bracing for a tough holiday season, having already lowered its sales and profit forecasts earlier in the year.

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