First Brands, a US auto parts maker, has filed for bankruptcy after borrowing billions in private markets. The collapse has unsettled Wall Street, with many fearing multibillion-dollar losses.

A once-popular discount clothing store has confirmed that after filing for bankruptcy a second time, it will not reopen in the United States. The decision puts an end to months of speculation about the retailer’s future in the American market.

An Erie County judge has placed the Walden Galleria into receivership following a loan default, marking the start of bankruptcy proceedings for the prominent shopping center.

Electric truck maker Nikola has filed for Chapter 11 bankruptcy protection, bringing an end to its ambitious quest to revolutionize the heavy-truck industry. The company’s journey was marred by financial woes, production challenges, and fraud allegations that led to the imprisonment of its founder.

The Container Store, a pioneer in storage solutions since the 1970s, has filed for bankruptcy protection due to mounting financial challenges. Increased competition from retail giants and a rough housing market have strained demand, leading to significant losses and cash flow shortages.