Big US companies went bankrupt at fastest pace since 2010, S&P says

threadfin · Saturday at 3:27 PM

(April 11): Large US companies filed for bankruptcy at the fastest rate in 15 years through the first three months of 2025, S&P Global Market Intelligence said Thursday.

A total of 188 bankruptcies were filed by large companies through March, the most since 254 such filings were made over the first three months of 2010, S&P said in a report. Last year, 139 large corporate bankruptcies were filed over the same three-month time period.

Companies that sought court protection in March include the owner of Forever 21’s US retail operator, Canada’s Mitel Networks and film producer Village Roadshow Entertainment Group. Genetics testing firm 23andMe and dining chain Hooters of America also went bankrupt last month.

https://theedgemalaysia.com/node/751104

k1976 · Saturday at 3:41 PM

As Markets Sank and Soared, a New Fear Spread Across Wall Street

Even by the standards of Wall Street’s long history, it was a brutal week to trade.
Photographer: Michael Nagle/Bloomberg
By Denitsa Tsekova and Isabelle Lee
12 April 2025 at 4:42 AM SGT
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When the Trump post hit — the real one, not the hoax — and the S&P 500 vaulted 7% in eight minutes Wednesday, Ed Al-Hussainy stepped away from his desk in Manhattan. The algos had taken over at that point, and the buy orders were pouring in at such a furious clip across all markets that “there was nothing to do.”

So he strolled over to the corner Walgreens, grabbed an 18-pack of beer — Modelo, to be precise, famous export of Mexico — and handed them out to his colleagues at Columbia Threadneedle to enjoy as they watched the frenzy. “For us,” Al-Hussainy said, “it was really a moment of calm.”
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