Business bankruptcies are near hitting a new record high. Bloomberg data shows this week had one of the most corporate bankruptcies on record in a 3-day period. If the pace continues, it’ll break the previous record, which was coming out of the 2008 recession.
U.S. layoffs have reached a new high. Job cuts last month rose to more than 90,000—the highest in 14 months.
McDonald’s is buying its 30-year-old Israel franchise from Alonyal Ltd, taking back ownership of 225 restaurants in the country that employs more than 5,000 people, the company said on Thursday.
