US households are notorious for racking up debt, but companies are not far behind. As a percentage of GDP, the total debt of America's non-financial corporations has reached around 74%, a record high slightly above the 2008 peak. Debt is more evenly distributed now, says The Economist. Last year only 27% of firms were highly levered meaning that their debt was worth five times their profits compared with 42% in 2007, "so fewer are immediately at risk" this time round.
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Revolut launches its first stocks and shares ISA with BlackRock and Vanguard ETFsA year after getting its UK banking licence, Revolut is now launching its first stocks and shares ISA with a suite of exchange-traded funds (ETFs) from BlackRock and Vanguard.
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What does Trump’s ‘Big Beautiful Bill’ mean for the US economy?Donald Trump’s budget bill will slash taxes, but is expected to add at least $3 trillion to US national debt
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