Debt Obligations news and trends

Business Bankruptcies Rise 17% in August Due to Interest Rates
Economy // September 05, 2023

Business bankruptcies reportedly experienced a sharp increase in August, with more companies seeking court protection from their creditors. This rise can be attributed to rising interest rates and various economic headwinds, Bloomberg reported Tuesday (Sept. 5). Commercial bankruptcies rose by nearly 17% in August compared to July,...

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Consumers More Cost-Conscious During Amazon’s Prime Big Deal Days

October 10, 2023
Shoppers are reportedly opting for affordable items during Amazon’s fall sale for Prime subscribers. Early data from the retailer’s Prime Big Deal Days event reveals that price-conscious shoppers are primarily gravitating towards low-cost kitchen gadgets and apparel instead of splurging on big-ticket items, Bloomberg reported Tuesday (Oct. 10). During the first eight hours of the retailer’s Prime […]