Business · Important news for 5 September 2026
US Economy Added 162,000 Jobs in August as Unemployment Holds Steady
S&P Downgrades Senegal Debt Deeper Into Junk Following Restructuring Plan
DOJ Expands Antitrust Beef Price Probe to Eight Retailers Including Walmart and Amazon
Private equity faces existential crisis in US as unsold companies pile up
Experts express growing concern over the collapse and financial distress of multiple major US companies owned by private equity firms burdened with heavy debt.
- Private equity firms and their portfolio companies employ over 13 million people in the US.
- High-profile bankruptcies include Saks, Eddie Bauer, Kmart, JoAnn Fabrics, and Steward Health Care.
Trump pledges up to $500 million for Republican midterms
Manager of Norway’s $2tn oil fund proposes slashing US Treasury holdings
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