The oldest Canadian retailer, Hudson's Bay, is facing a challenging financial situation. According to confidential sources, the company is contemplating filing for bankruptcy, which could have significant repercussions for the retail sector in both Canada and the United States.

Nikola Corporation $NKLA, an electric vehicle manufacturer based in Phoenix, Arizona, is reportedly on the brink of filing for bankruptcy, as highlighted by a recent article in the Wall Street Journal. The company's stock experienced a dramatic drop of 20%, hitting just 60 cents in after-hours trading.

In recent years, pronounced economic uncertainty has been observed across various countries in Europe, and Germany appears to be facing changes that could significantly impact its business climate. According to data from the Institute for Economic Research, Germany recorded the highest number of corporate bankruptcies in the fourth quarter of last year since 2009. This information raises serious concerns not only among business owners but also for economists closely monitoring trends in Europe’s largest economy.