corporate

Rite Aid files for bankruptcy – 2,100 stores at risk of closure… Corporate bankruptcies in 2023 are now at the same levels seen during the 2020 pandemic.

Corporate bankruptcies in 2023 are now at the same levels seen during the 2020 pandemic. We are also seeing the highest number of bankruptcies since 2010. Needless to say, many companies are feeling the pain. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 16, 2023 via dailymail: …

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Investment Grade Corporate Bond ETFs experienced their 2nd highest monthly outflows in history last month

Investment Grade Corporate Bond ETFs experienced their 2nd highest monthly outflows in history last month 👀😱 pic.twitter.com/kIch4yy52b — Barchart (@Barchart) October 12, 2023 Fed governor Chris Waller compares the run-up in Treasury yields to the bank stress events from March. The Fed dialed back planned hikes after the SVB-initiated bank stress. "Now, once again, financial …

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Walmart Stops Asking for College Degrees for Hundreds of Corporate Jobs

by Chris Black It’s funny. All these companies supported “woke,” now they’re being forced to destroy themselves by hiring a bunch of retards. Daily Mail: Walmart has eliminated college degrees as a requirement for hundreds of its corporate roles. The retail giant said last week that it would get rid of ‘unnecessary barriers’ that prevent …

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Trump Gets The Corporate Death Penalty

by Chris Black The rule of law is a joke. In Blue States, the sole purpose of the law is to reward friends and punish political enemies. The only surprise is that it has taken this long. We need to adopt the same attitude in our states. Update: NY Appeals court blocks activist-judge’s cancelling of …

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Global economy’s ‘soft landing’ stumbles amid soaring bond yields, raising concerns of massive corporate failures in 2024. A hard landing scenario is in the cards.

Global economy’s glide to ‘soft landing’ gets bumpy as bond yields jump WASHINGTON, Oct 6 (Reuters) – Rocketing U.S. government bond yields that have led to a global jump in borrowing costs are raising new risks for economic policymakers hoping to lower inflation without triggering a major crisis. The world’s finance officials, who will gather …

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Employers slash staff at record pace since 2009. Large corporate bankruptcies (4 wk moving ave.) sent a very clear signal in June. The central bank bubble is popping.

The impact of spiking interest rates after more than 10 years of 0% is hitting. ​ More here: Onset of the Economic Avalanche Becomes Clear Recession Warning: Employers Slash Staff at Record Pace Since 2009 The global business landscape is under strain, with the UK signaling a potential worldwide recession. A new survey reveals the …

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Why corporate profits will fall 50%. Globalism hits a wall.

Authored by Charles Hugh Smith via OfTwoMinds blog, Should stock valuations track this same decline in profits, it’s entirely reasonable to expect the stock market to lose 2/3 of its valuation premium. All Six of the reasons corporate profits will decline by half are common sense: 1. Reversion to the mean: profits that are double the …

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Financial Instability Looms as Credit Losses and Corporate Defaults Surge, Challenging a Smooth Economic Landing

The financial landscape is showing signs of entering the second phase of the credit cycle, where financial institutions suddenly face the realization of credit losses. This is causing notable instability and liquidity challenges within the banking system. Simultaneously, many companies are struggling to meet their debt obligations. August was a particularly troublesome month, witnessing the …

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Corporate profits decline 6.5% in 2Q23, worst since pandemic; Credit managers index nears recessionary levels… ‘September will be hell’

Global stock markets peaked a month ago at the end of July. Then fell for the first three weeks of August. Today, Nasdaq breadth was strongest since the market top. September will be hell. pic.twitter.com/FST2UcLsci — Mac10 (@SuburbanDrone) August 30, 2023 The FDIC is literally using the same script as 2020… They're changing the reserve …

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Bidenomics Crazy Train! US Corporate Bankruptcies Are On The Rise As US Federal Annualized Debt Payments Near $1 TRILLION

by confoundedinterest17 All aboard the Bidenomics Crazy Train! Let’s see. We have inflation that is eroding wage growth so that REAL wage growth is negative. Meanwhile, the Biden Administration and Congress are spending like they can print infinite amounts of cash with no consequences. The result? The Federal government is paying nearly $1 trillion in …

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Corporate Media Fearmongering Covid Again! Why?

Is another pandemic right around the corner? It would certainly seem that way, if recent media reports are to believed. Or elderly billionaire Warren Buffett, who recently argued that one of any number of potential cataclysms might be upon us any day now. So it might be smart to stock up on facemasks and sleeveless …

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Rapid corporate interest payments make the “No Recession” scenario unlikely.

2/ There's a noticeable uptick in narratives around the prospect of a "soft landing" in recent months Meanwhile, discussions around the potential for a "recession" are dwindling in 2023 pic.twitter.com/6jwkX6V8oq — Bravos Research (@bravosresearch) August 23, 2023 4/ The notion of a 'soft landing' isn't confined to just discussions; it's influencing market behavior The impressive …

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10-year yields rise above pre-SVB collapse, highest since 2009. Higher nominal yields impact corporate bonds, increasing refinancing costs. Will we see another blow-up in the next few weeks?

Real yields on 10-year Treasuries closed yesterday at the highest since 2009. pic.twitter.com/Ujfb0Lco7l — Lisa Abramowicz (@lisaabramowicz1) August 15, 2023 Nominal yields keep going higher and this affects corporate bonds $LQD, therefore cost of refinancing is increasing. We can expect this chop into the market to keep going while investors move from growth to value …

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U.S. experienced 402 corporate bankruptcies in the first 7 months of 2023, a 96% increase from 2022’s total of 373.

Bankruptcies by sector are even more concerning Consumer discretionary leads with 48 bankruptcies, a sign that consumers are feeling the pain. Industrials is next, at 46, another sign of pain from higher rates. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/zBQBeElwpK — The Kobeissi Letter (@KobeissiLetter) August 15, 2023

MSNBC’s ‘Morning Joe’ Worries That Too Many Women Will Be Mothers Instead of Corporate Drones

Guests and contributors on a Wednesday “Morning Joe” segment worried that too many women in post-Dobbs America will become mothers instead of working corporate jobs. The segment lamented over a study showing the job market has more vacant positions in states with strict abortion bans since the Supreme Court overturned Roe v. Wade in June …

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US corporate bankruptcies at highest level since 2010

🚩🚩 𝗨𝗦 𝗖𝗢𝗥𝗣𝗢𝗥𝗔𝗧𝗘 𝗕𝗔𝗡𝗞𝗥𝗨𝗣𝗧𝗖𝗜𝗘𝗦 𝗔𝗧 𝗛𝗜𝗚𝗛𝗘𝗦𝗧 𝗟𝗘𝗩𝗘𝗟 𝗦𝗜𝗡𝗖𝗘 𝟮𝟬𝟭𝟬 Full Story → https://t.co/4TpL3JARAz Total Chapter 11 filings in the first seven months of 2023 surpassed the total filings for the previous year. pic.twitter.com/M4ZRmAC1RY — PiQ (@PiQSuite) August 7, 2023 Number of M&A deals YTD pic.twitter.com/luXVXQUst9 — zerohedge (@zerohedge) August 7, 2023

S&P Global: U.S. corporate bankruptcies rise this year rise to second-highest level since 2010. July ranked as the second-worst month of 2023 (so far). Corporate bankruptcies surpass every year since 2010 except for the COVID-impacted year of 2020.

by Dismal-Jellyfish Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/july-filings-propel-2023-us-corporate-bankruptcy-tally-past-2022-s-total-76838356 US corporate bankruptcies rose again in July as high interest rates and a challenging operating environment continue to push US companies over the brink. S&P Global Market Intelligence recorded 64 corporate bankruptcy filings in July, the largest monthly total since March and more filings than in any single month in 2021 …

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Corporate bonds yield 0.12% above Fed Funds rate, the lowest level since 2007, and several indicators suggest a severe recession.

Otavio (Tavi) Costa: “Corporate bonds now yield only 0.12% above the Fed Funds rate. The lowest level since 2007, preceding the Global Financial Crisis. Every time credit spreads were at historically suppressed levels, a hard-landing scenario followed. Perhaps this time is indeed different, but I would rather base my perspective on numerous indicators pointing towards …

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GFC2 – Corporate Debt Bubble edition

#recession … #GFC2 #Corporate #Debt Bubble edition https://t.co/rp8zeG3gFQ — Invariant Perspective (@InvariantPersp1) July 22, 2023 A $5 billion company straight to liquidation.https://t.co/AjU8BVg3rb https://t.co/JUjGFGFuDh — Danielle DiMartino Booth (@DiMartinoBooth) July 21, 2023

US nonfinancial corporate net interest costs are the lowest in 60 years.

by bullsarethegoodguys Societe Generale Since the Federal Reserve began aggressively hiking interest rates last year, more and more economists warned that a US recession was imminent. But that recession has not yet arrived, and there’s no sign a recession is near even after reliable indicators like the inverted yield curve flashed red flags. According to …

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Corporate net interest payments stay low due to fixed debt, higher interest rates slow to drive a recession

This chart is FASCINATING! Corporates have seen NET INTEREST payments fall bc they fixed debt when rates were low (2020/21) and now are benefitting from higher rates on their cash. A reason why higher interest rates slow to drive a #recession. Thoughts @KeithMcCullough? pic.twitter.com/Ulm9RK2ch7 — Enrique Abeyta (@enriqueabeyta) July 22, 2023

Billionaires and corporate execs have dumped $9 billion worth of stock this year amid the market’s latest rally

Billionaires and corporate execs have dumped $9 billion worth of stock this year amid the market’s latest rally So looks like we are back here again. Repeat of end of 2021. When CEOs dump massively, we should be asking why. There’s a lot of negativity in thr economy, from debt, to interest rates, production, manufacturing …

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Inflation Alert! Despite a 3.0% increase in the overall index, excluding food and energy, inflation remains persistent as it rose by 4.8% over the past 12 months. While Corporate Media celebrates the headline, inflation is still growing and showing no signs of slowing!

by Dismal-Jellyfish Source: https://www.bls.gov/news.release/cpi.nr0.htm All items less food and energy: Inflation and Housing: The overall index for items excluding food and energy increased by 0.2% in June. The cost of housing, represented by the shelter index, rose by 0.4% in June. Rent increased by 0.5%, and owners’ equivalent rent (for homeowners) increased by 0.4%. However, …

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32 Tons! Corporate Bankruptcies Reach Highest Level Since 2010, Bank Term Funding Program At $102 BILLION (Total Debt & Unfunded Liabitilies = $224.5 TRILLION)

by confoundedinterest17 The US has passed the 32 trillion mark in national debt, and is going much, much higher. More like 32 tons on the back of taxpayers. When we add unfunded liabilities like Social Security, Medicare and Medicaid, the tab soars to $224.5 TRILLION. New data show that a growing number of U.S. firms are collapsing …

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