Restaurant bankruptcy filings have surged so far this year, echoing a broader rise in corporate bankruptcies across sectors. At least 10 restaurant chains, not including multi-unit franchisees, have filed for bankruptcy in 2024. August alone brought three Chapter 11 filings from notable eateries. The increase in bankruptcies comes as diners pull back their spending, labor costs keep rising and Covid-era government help disappears. Several more restaurant chains could file for bankruptcy before the end of the year.
CNBC
Broadcast Media Production and Distribution
Englewood Cliffs, NJ 2,898,989 followers
About us
Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
- Website
-
http://www.cnbc.com
External link for CNBC
- Industry
- Broadcast Media Production and Distribution
- Company size
- 501-1,000 employees
- Headquarters
- Englewood Cliffs, NJ
- Type
- Public Company
- Specialties
- Financial News, Stocks, Market Updates, Merger and Acquisitions, Investing Tools, Business News, Earnings, World Market News, Career, Entrepreneurship, Business, Finance, Markets, News, and Journalism
Locations
-
Primary
1 CNBC Plaza
Englewood Cliffs, NJ 07632, US
Employees at CNBC
Updates
-
Reps. Jamie Raskin and Robert Garcia told Donald Trump they were looking into allegations that he took a "cash bribe" from Egypt's president.
House Democrats ask Trump for proof he did not take $10 million 'cash bribe' from Egypt
cnbc.com
-
Golden State Warriors superstar Steph Curry spoke to CNBC about his plans for after his NBA career.
Steph Curry says he wants to be an NBA owner in the future
cnbc.com
-
A panel of Brazil’s federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk’s social network X nationwide. The court also froze the financial assets of another Musk-led business, satellite internet service Starlink, in Brazil to ensure his social network would pay its fines. Read more: https://cnb.cx/3XulE3m
-
Jimmy Pitaro, ESPN chairman, discusses licensing dispute with DirecTV as ESPN networks, ABC and Disney channels go dark on DirecTV. Watch more of the interview here: cnb.cx/3Ti7wb8
-
Steph Curry, 4x NBA champion, discusses his ambitions to eventually be a team owner in the NBA. Watch more of his interview here: cnb.cx/47gPpb9
-
The ISM monthly survey of purchasing managers showed that just 47.2% reported expansion in August.
Weak manufacturing measures raise specter of U.S. economic slowdown
cnbc.com
-
“Rush” hour isn’t what it used to be. As more commuters settle into flexible working arrangements, fewer workers are making early morning or early evening trips compared to pre-pandemic traffic patterns The traditional American 9-to-5 has shifted to 10-to-4, according to the 2023 Global Traffic Scorecard released in June by INRIX Inc., a traffic-data analysis firm.
'Rush' hour isn’t what it used to be. Working 10-to-4 is the new 9-to-5, commuting data shows
cnbc.com
-
29-year-old Timothy Armoo is a millionaire who became rich by selling his influencer marketing firm for eight-figures — but the entrepreneur had to beat the odds to find success. Armoo, the co-founder and former CEO of Fanbytes, hails from what was one of the most impoverished areas in south London and as a teenager lived with his dad on a fourth floor council estate — public housing — on Old Kent Road in the borough of Southwark. Here's how Armoo started his own business and then become a millionaire before the age of 30.
This 29-year-old from one of London's poorest neighborhoods became a millionaire after selling his influencer marketing firm
cnbc.com
-
There’s nothing remarkable about Russian President Vladimir Putin’s visit to Mongolia on Tuesday — he’s due to meet the country’s leader, hold talks on developing bilateral ties and attend a gala reception. What is unusual is that Mongolia, as a member of the International Criminal Court, should have arrested the Russian president as soon as he landed on Mongolian soil Monday evening. https://lnkd.in/e_nfachT
Mongolia was meant to arrest Russia's President Putin last night. It didn't, and now it's in trouble
cnbc.com