Bankruptcy & Restructuring News Headlines for Thursday Aug 1, 2024

Here's what we are reading this morning:

Fed Leaves Interest Rates Unchanged While Hinting at Future Cuts - The New York Times: The Federal Reserve left its benchmark interest rate unchanged at a two-decade high but suggested that recent progress in lowering inflation could enable it to cut interest rates soon

Stellantis to offer buyouts to U.S. salaried workers: In an email to employees Tuesday morning, Stellantis said it would offer a voluntary separation program to nonunion U.S. employees at the vice president level β€œand below in certain functions.”

MTA says dismal real estate taxes have taken big bite out of budget | Crain's New York Business: Just one year after projecting five straight years of balanced budgets, the Metropolitan Transportation Authority now says it expects a combined $900 million budget deficit in 2027 and 2028





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