Tupperware is toast!

In September this year, Tupperware Brands filed for bankruptcy in a Delaware court as demand fell, losses mounted, the stock slumped and debt rose. Tupperware revolutionized food and kitchen storage in the latter half of the 20th century and became a household name. The company adopted a direct-selling business model, in which independent consultants, the […]

New york Times

Moody’s changes U.S. credit rating to negative

Moody’s on Friday lowered its outlook on the U.S. credit rating to “negative” from “stable” citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden’s administration. The move follows a rating downgrade of the sovereign by another ratings agency, Fitch, this year, which came after […]