"U.S. Corporate Bankruptcies Surge to 14-Year High in June"

U.S. corporate bankruptcies surged in June, surpassing pandemic-era peaks, with 75 filings last month and a year-to-date total of 356. High interest rates, supply chain issues, and slowing consumer spending are major factors. Notable bankruptcies include Fisker and Chicken Soup for the Soul Entertainment. The rise in bankruptcies and other economic indicators, such as increasing unemployment, have raised concerns about a potential recession, prompting calls for the Federal Reserve to consider rate cuts.