Why is ATL Fed GDPNow 1Q18 est. Crashing? pic.twitter.com/bFVNyUeCZe
— Alastair Williamson (@StockBoardAsset) April 18, 2018
“The last thing I want to see is growth in credit card, student and auto lending at too rapid a rate if we are heading towards the end of the [economic] cycle” t.co/2s55ly9Ew6 pic.twitter.com/Dm3P0LJPKR
— Trevor Noren (@trevornoren) April 18, 2018
Retail bankruptcies hit an all-time high… These 18 retail companies could be next
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Retail bankruptcies hit an all-time high in the first quarter of the year, according to Moody’s Investors Service.
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Sears, J.Crew, and Neiman Marcus are among the companies that could be next to default, according to S&P Global Ratings.
Retail bankruptcies hit an all-time high in the first quarter of the year, soaring past last year’s records, according to Moody’s Investor’s Service.
The fallout is far from over, however, with many more defaults expected for the remainder of 2018.
“We believe defaults in 2018 could match or exceed last year’s record level,” S&P Global Ratings analyst Robert Shulz wrote in a report that identified 20 retailers at risk of defaulting. Since publishing the report last month, two of the companies identified – the jewelry retailer Claire’s and grocery chain Bi-Lo – have filed for bankruptcy.
The pace of retail liquidations could also pick up this year, Shulz wrote.
Americans’ debt hit a new high of $13 trillion last year, surpassing the previous record set in 2008 by $280 billion t.co/BQO8iGrw2R pic.twitter.com/B6YLObiwfv
— Trevor Noren (@trevornoren) April 16, 2018
"Market now saying 100% chance of a Fed hike to 175-200 bps in June and 75% chance of a Fed hike to 200-225 bps in September," h/t .@charliebilello pic.twitter.com/RdZu9pYJ1Z
— Alastair Williamson (@StockBoardAsset) April 18, 2018
LOL CNBC pic.twitter.com/TTiKKwnHpw
— Alastair Williamson (@StockBoardAsset) April 17, 2018