Bankruptcy & Restructuring News Headlines for Friday Apr 8, 2022

Here's what we are reading this morning:

Macy's warns inflation-squeezed consumers may choose travel over shopping: As inflation threatens to weigh on consumer demand, Macy's says more shoppers could be faced with a consequential choice.

U.S. Jobless Claims Fall to 166,000, Lowest Level Since 1968 - WSJ: New applications for U.S. unemployment benefits fell last week to a near 54-year low as employers held onto workers in a tight labor market.

As Property Downturn Drags On, Chinese Developers See an Uncertain Future - WSJ: After suffering through a bruising property-market downturn, the Chinese developers still standing are predicting a starkly different future from their hard-charging days of the past.

Shell Says It Could Lose Up to $5 Billion for Leaving Russia - The New York Times: In an update to investors, the oil company projected a huge financial hit from its exposure to Russia.

Some VCs Worried About How Much Cash the Startup Fast Was Burning: Fast, which developed online checkout technology, burned through more than $120 million of funding before shutting down this week.

As Mortgage Rates Rise, Home Sellers Fear Time Is Running Out to Cash In - WSJ: There is a growing sense of urgency to list properties before the housing market cools.

Rebecca Blake Chaikin Joins Jackson Walker's Bankruptcy, Restructuring, & Recovery Practice in Houston: In recognition of her practice, she has been named a “One to Watch” in the area of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law by The Best Lawyers in America since 2021.

Bankruptcies, defaults reveal senior living ‘still struggling to get back on its feet’: The probability of default across most U.S. business sectors increased in the first quarter, but the healthcare sector — including senior living — is projecting the highest probable default rate, according to a new report from S&P Global Intelligence.

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