Consumers and businesses are feeling the pinch from President Trump's trade war, with costs soaring for grocery staples and critical materials.
Why it matters: It's no longer anecdotal. The effects are difficult to ignore across key inflation indicators that might only get hotter in the months ahead.
"Chapter 22" is a terrifying read for American companies, but multiple major businesses have ended up there in 2025 — and others could soon follow.
Why it matters: Joann, Rite Aid and Claire's have filed for Chapter 11 bankruptcy a second time — colloquially called Chapter 22 — in 2025, and now Spirit Airlines is at risk of joining them.
