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Are we watching the U.S. go bankrupt?

“Gradually, then suddenly.” — The Sun Also Rises Lots of people are worried about rising long-term interest rates. Short-term interest rates are controlled by the central bank. But the Fed doesn’t usually intervene in the market for longer-term bonds, so when these interest rates move around, it means the market is telling us something. So…

No Cookies | Daily Telegraph

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Jenny Craig Australia and New Zealand enters voluntary administration after US business files for bankruptcy

Jenny Craig Australia and New Zealand has entered voluntary administration, less than a week after saying it would continue its local operations in the wake of the United States business filing for bankruptcy. Key points: Jenny Craig employees were informed the company had been placed into voluntary administration at a meeting earlier on Tuesday Last…

Cassegrain Wines enters into voluntary administration on NSW Mid North Coast

A prominent regional New South Wales winemaker has fallen into voluntary administration, citing significant financial losses brought about by the COVID-19 pandemic, natural disasters and the Chinese government. Key points: Cassegrain Wines is the largest winemaker on the New South Wales Mid North Coast The family-run business says it has appointed voluntary administrators Administrators says operations will…