Economy

Business bankruptcies surged 58% in 2023

The U.S. saw a significant 58% spike in business bankruptcies in 2023 with health care hardest hit, according to the latest Restructuring Insights report released by Debtwire.

Snap to cut 10% of global workforce

Snap announced that it is cutting some global positions, making it the latest in a growing list of major technology companies to announce layoffs in 2024.