Bankruptcy & Restructuring News Headlines for Thursday Sep 22, 2022

Here's what we are reading this morning:

Retail in the Red: BDO Bi-Annual Bankruptcy Update: An overview of the state of U.S. retail, including bankruptcies and store openings and closings, in the first half of 2022.

Fed raises rates by another three-quarters of a percentage point to fight inflation: The Federal Reserve concluded its two-day meeting Wednesday, with markets widely expecting a 0.75 percentage point interest rate increase.

Fed Delivers Third-Straight Big Hike, Sees More Increases Ahead: Federal Reserve officials raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023, stepping up their fight to curb inflation that’s persisted near the highest levels since the 1980s.

Google co-founder's flying car start-up is winding down: Google co-founder Larry Page's flying car start-up Kittyhawk is winding down, the company announced Wednesday.

Compass Eliminates More Jobs as Real Estate Brokerage Seeks to Cut Costs - Bloomberg: Chief Executive Officer Robert Reffkin said in a memo obtained by Bloomberg that the biggest reduction was in the technology team.

Celsius revival plan appears to include issuing wrapped assets: Another recording of Celsius’ leadership indicates the firm’s proposal includes issuing tradable wrapped assets to customers.

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