A wave of large bankruptcies is about to hit the US economy — and that could spark job losses for a growing number of Americans, according to Wall Street forecaster Danielle DiMartino Booth.
The QI Research CEO pointed to the climb in corporate bankruptcies over the past year, a sign that businesses are struggling under higher interest rates and tighter financial conditions. Corporate bankruptcies rose 88% through April this year, according to data from S&P Global. READ MORE