Bankruptcies, Business Failures, Layoffs, etc

Macy's to close 150 stores by 2026, open new Bloomingdale's, Bluemercury locations

Macy's to close 150 stores by 2026, open new Bloomingdale's, Bluemercury locations

Macy's will close 150 stores by the end of 2026 as it cuts out underperforming locations, the company announced Tuesday.

www.foxbusiness.com

Guard Dad said:

Another key shipping firm files Chapter 7 bankruptcy liquidation​

https://www.thestreet.com/retail/another-key-shipping-firm-files-chapter-7-bankruptcy-liquidation

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Expedia is cutting 1,500 jobs as travel demand slows (9%)​

cptlo said:

Macy's is still in business?

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A hard-landing recession is guaranteed as the full impact of Fed rate hikes have yet to hit the economy, Morgan Stanley's chief economist says

A hard-landing recession is guaranteed as the full impact of Fed rate hikes have yet to hit the economy, Morgan Stanley's chief economist says

"We will have a hard landing at some point. I guarantee you that," Morgan Stanley's chief US economist said.

www.businessinsider.com

Another huge food brand files Chapter 11 bankruptcy​

Guard Dad said:

Another huge food brand files Chapter 11 bankruptcy​

https://www.thestreet.com/restaurants/another-huge-food-brand-files-chapter-11-bankruptcy

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Wells Fargo, Bank of America, Citizens, PNC and Santander announce further 31 branch closures in just one week - is YOURS affected?​

US banks announce 31 bank closures in one week - full list

American banks filed to close 31 branches in a single week this month, with Wells Fargo and PNC accounting for more than half.

www.dailymail.co.uk

JPMorgan warns investors should brace for 1970s-style 'stagflation'

JPMorgan warns investors should brace for 1970s-style 'stagflation'

JPMorgan Chase strategists warned in a note to clients that the U.S. economy faces heightened risk of returning to a 1970s-style stagflation scenario.

www.foxbusiness.com

573 layoffs hit logistics firms in California, Illinois and Michigan

573 layoffs hit logistics firms in California, Illinois and Michigan

Over 570 layoffs hit freight-related companies in California, Illinois and Michigan, with firms citing market conditions and loss of customers as reasons for the job cuts. Over 570 layoffs hit freight-related companies in California, Illinois and Michigan, with firms citing market conditions and...

www.freightwaves.com

41 locations of Outback, Carrabba’s and Bonefish Grill have closed

41 locations of Outback, Carrabba’s and Bonefish Grill have closed

Outback Steakhouse parent company Bloomin’ Brands, which also owns Carrabba’s Italian Grill, Bonefish Grill and more chains, has closed 41 restaurant locations.

www.yahoo.com

Beloved retailer (Joann) may be on the verge of bankruptcy

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www.thestreet.com

U.S. Money Supply Is Making History for the First Time Since the Great Depression, and It Implies a Big Move in Stocks Is on the Way

U.S. Money Supply Is Making History for the First Time Since the Great Depression, and It Implies a Big Move in Stocks Is on the Way | The Motley Fool

M2 money supply is doing something no one has seen in more than 90 years.

www.fool.com

DISH Could Be Facing Bankruptcy This Year According to An Analysis​

DISH Could Be Facing Bankruptcy This Year According to An Analysis | Cord Cutters News

DISH has been struggling financially for some time now. Recently, it merged with EchoStar in an effort to address these issues, but according to an SEC filing DISH will use a “substantial amount of cash” in the next 12 months. It “raises substantial doubt about [the company’s] ability to...

cordcuttersnews.com

BowFlex files for bankruptcy​

Guard Dad said:

BowFlex files for bankruptcy​

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www.cnn.com

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Powell: ‘There will be bank failures’ caused by commercial real estate losses​

Powell: ‘There will be bank failures’ caused by commercial real estate losses

Federal Reserve Chair Jerome Powell said Thursday he expects to see some banks fail due to their exposure to the commercial real estate sector, which has declined significantly in value following t…

thehill.com

Major Airline faces Chapter 11 bankruptcy concerns

https://www.thestreet.com/travel/spirit-airlines-faces-chapter-11-bankruptcy-fears