US Corporate Bankruptcies Surge, Surpassing Pandemic Levels

The US is seeing a rise in companies going bankrupt, more than in 2020 when the pandemic hit.

In July, a lot of companies, including some well-known brands, had to declare they couldn't pay their debts.

This is happening because things like interest rates are high, people aren't buying as much, and some companies have too much debt.

Some stores are closing down.

Experts are worried that this trend might continue into August, as the economy faces challenges.

The government’s actions like tariffs can also affect business.