Tag: Economy

We are now in the second-longest government shutdown era, and its impact can be felt in growing dissatisfaction among furloughed workers, economic instability in regional banks, and increasing uncertainty over back pay. Meanwhile, the stock market remains largely unaffected, and once again, on …

A number of regional airlines have filed for Chapter 11 bankruptcy protection in 2025.Charter airline Kachina Air filed Chapter 11 bankruptcy on October 24.Fuel and aviation costs have been blamed. This has not been the best year to be in the airline industry. In September, two Scandinavian …

China’s footprints in LATAM fuels US concerns but economic grip weaker

Fed to hand banks a win with proposed ‘stress test’ overhaul

As the holiday season approaches, shoppers are getting their bank accounts and credit cards ready to begin their annual gift shopping sprees at either brick-and-mortar shopping malls or online retailers. Most retailers at local shopping centers and malls have been ready for the post-Halloween …

Bank Indonesia set to cut rates again as growth trumps rupiah concerns

Bankruptcy filings are not a common occurrence among Las Vegas Strip casinos and businesses. The last significant bankruptcy on the Strip was over 10 years ago in January 2015 when Caesars Entertainment, then-owned by Apollo Global Management and TPG Capital, filed for Chapter 11 to eliminate about …

Europe must be tougher on China trade, Bundesbank chief says

IMF chief hopes for easing of US, China tensions to avoid hit to global economy

When an insurance company’s financial distress forces it out of business in the U.S., the company does not file for bankruptcy. A state court usually issues the insurance company an order of insolvency and liquidation, according to the National Organization of Life & Health Insurance Guaranty …