U.S. corporate bankruptcies are soaring above the pandemic-era peak, adding to the economic alarms bells piling up

Fisker electric car on display (Credit: Frederic J. Brown—AFP via Getty Images)

The number of U.S. companies that filed for bankruptcy last month topped the highs seen during the early stages of the pandemic in 2020, when the economy was reeling from lockdowns.

A report Monday from S&P Global Market Intelligence said June saw 75 filings, up from 62 in May and above the pandemic-era peak of 74 in July 2020. The year-to-date total of 356 bankruptcy filings also tops the same period in 2020 and is higher than any comparable figure in the last 13 years.