"Rising Bankruptcies: Private US Companies Struggle with Shrinking Profits"

Private US companies are facing financial strain as their earnings and profit margins dwindle due to increased financing costs following Federal Reserve rate hikes. A report from Marblegate Asset Management and Rapid Ratings highlights the potential ripple effects of these smaller companies going bust, as larger corporations rely on them as suppliers, which could disrupt supply chains and lead to increased costs for bigger enterprises.