This week’s Going Out of Business report spans bankruptcies, liquidations, plant closures, and mass layoffs, from industrial firms to consumer-facing brands such as Sleep Number and Original Blues.
Tag: Global Economy
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
This week’s job cuts hit everything from Wall Street and Big Tech to hospitals, schools, and state governments.
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SPECIAL REPORT: THE IRAN WAR TARGETS THE GLOBAL ECONOMY
By the hard facts and indisputable data, the illegal and unjustifiable war that the United States and Israel have launched against Iran has inflicted severe economic damage across the globe.
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FOREIGN FIRMS USE INDIA’S STOCK MARKET TO RAISE CASH TO SEND HOME
Foreign companies have lined up to list themselves on India’s roaring market for initial public stock offerings.
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HEDGE FUNDS BET THAT AI WILL WIPE OUT OUTSOURCING COMPANIES
Publicly traded companies operating call centers, doing telemarketing, and providing similar services to client businesses are doomed by AI, hedge funds are betting.
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SOUTH KOREA IS WORLD ECONOMY’S SWEET SPOT
South Korea’s manufacturing expertise in computer chips, ships, and military equipment have made it the global economy’s sweet spot.
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OECD SEES “DARK SCENARIO” IF IRAN WAR CONTINUES NEXT YEAR
If the world’s energy flow continues to be disrupted into the second half of 2027, the world economy will grow just 2.1 percent this year and 1.8 percent next year, the Organization for Economic Cooperation and Development (OECD) said in a new forecast.
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GOLD DISPLACES U.S. TREASURIES AS CENTRAL BANKS’ CHIEF RESERVE
Gold bullion has become the chief reserve asset now held by the world’s central banks, replacing U.S. treasury securities, which have been the main reserve for more than a half-century, according to a new report from the European Central Bank (ECB).
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WORLD OIL RESERVES ARE DEPLETED, SETTING UP NEXT PRICE SPIKE
The world’s oil reserves are almost exhausted, analysts warn, and an agreement to reopen the Strait of Hormuz remains out of reach.
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GOING OUT OF BUSINESS TRENDS
Business conditions continue to deteriorate as economic pressure, high borrowing costs, and weakening consumer demand drive a growing number of companies toward closure and bankruptcy.