Insight Weekly: US companies boost liquidity; auto insurers hike rates; office sector risk rises

U.S. companies boost liquidity in Q2 2023; median cash ratios rise for investment-grade and non-investment grade firms
Private auto insurers hike rates sharply amid poor underwriting results; nationwide increase 11% through Aug. 2023
Office sector risk rises on vacancies, lower valuations, tougher refinancing; further Fed rate rise could add pressure
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9/7/2023

Rising Auto Insurance Costs Are Screwing Drivers Across The Country

The rising costs of doing business in the auto insurance industry in the U.S. are leading to increasing premiums for drivers due to expensive repairs, rising disaster-related claims, and higher used car prices.

9/11/2023

Congress Takes Aim at Private Equity's Debt Burden on Health Care

Private equity-owned hospitals and nursing homes in the US face a wall of debt that threatens to worsen health outcomes and lead to closures, prompting bipartisan efforts in Congress to increase transparency and regulation within the industry.

9/14/2023

Stock Market Likely to Rise Through September Before October Decline, Macro Indicators Suggest 2023 Market Bottom

The US sectoral flows for August 2023 have shown a significant decrease in financial balances, which is expected to negatively impact asset markets heading into September and potentially October, with a potential turnaround in markets expected in October. The upcoming mid-September federal corporate tax collections are likely to further decrease financial balances in the private domestic sector. The federal government's spending and credit creation, along with bank credit creation, will play a role in the future trends of asset markets. The real estate market is also showing signs of slowing down due to rising interest rates. Overall, the macroeconomic indicators suggest a strong Xmas/New Year rally and a positive first quarter of 2024 for asset markets.

9/15/2023

US Corporate Debt Defaults Surge 176% in 2023 as High Interest Rates Push More Businesses into Distress

US companies have experienced a 176% increase in debt defaults in the first eight months of 2023 compared to the same period in 2022, with high interest rates pushing businesses into financial distress, particularly in the media and entertainment sector.

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Posted 9/5/2023, 7:00:00 AM