Vice Media, once a digital media darling, is bankrupt
Online media company known for its edgy lifestyle content and documentaries was once valued at $5.7 billion.
Online media company known for its edgy lifestyle content and documentaries was once valued at $5.7 billion.
Don't throw away those expired Bed Bath & Beyond single-item coupons just yet.
Bed Bath & Beyond officially filed for bankruptcy protection, the company announced Sunday. The filing said that all brick-and-mortar stores, including 120 Buy Buy Baby locations, will close by the end of June. Roxana Saberi reports.
Bed Bath & Beyond announced that it has officially filed for bankruptcy. The company plans to close all of its stores by June, with some closing as early as Wednesday.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
At any time, one in five American households bears medical debt, the cause in a majority of U.S. bankruptcies. Since 2014, the charity RIP Medical Debt has abolished more than $8.5 billion worth of medical bills for five million Americans, by buying up delinquent medical debt at pennies on the dollar, just as debt collectors do, and abolishing it. Correspondent Martha Teichner talks with the co-founder and president of RIP Medical Debt, and with a Georgia preschool teacher whose $1,500 medical debt, that had dogged her for years, was suddenly erased.
Food storage container giant Tupperware may soon be going out business, the company warned. Rick Newman, senior Columnist for Yahoo Finance, joined CBS News to discuss what's gone wrong for the brand since its surge during the pandemic and whether this will be an industry trend.
First Republic and PacWest Bankcorp saw their share prices plummet this week as the fallout from the Silicon Valley Bank collapse continues. Meanwhile, the former parent company of Silicon Valley Bank filed for bankruptcy Friday. Nancy Cordes has more.
The New York Stock Exchange closed in the red on Friday. Wall Street Journal banking reporter Ben Eisen joins CBS News to discuss the ongoing impact of the recent turmoil in the banking system.
The bankruptcy comes days after its bank was shut down and taken over by regulators amid a solvency crisis.
Across the Atlantic, startup companies woke up Saturday to find that Silicon Valley Bank's U.K. business will stop making payments or accepting deposits.
Akorn, which manufactured the asthma medication, shuttered three of its factories shortly after filing for bankruptcy.
The home goods retailer hopes to raise $1 billion and use the proceeds to pay down debt and the interest on loans.
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
Miami-Dade County owns the arena and negotiated what was to be a 19-year, $135 million naming rights deal with FTX back in 2021.
Bed Bath & Beyond is considering declaring bankruptcy. The home goods store announced plans last summer to lay off about 20% of its corporate employees and close around 150 stores.
Painter Scott Kahn has dedicated his adult life to his art even when that meant facing financial hardships like bankruptcy. But an unlikely friendship helped catapult his career to success, and his paintings can now fetch more than $1 million. Nancy Chen has more.
The Democratic-controlled House Ways and Means Committee released six years of former President Donald Trump's tax returns, ending Trump's years-long legal battle to keep them secret. Meanwhile, the Jan. 6 committee has released another round of witness transcripts. Scott MacFarlane reports.
They may have famous names and big careers, but these celebs also ran into financial trouble.
Binance, one of the world's largest cryptocurrency exchanges, is facing questions about its business model and the stability of crypto markets. Binance chief strategy officer Patrick Hillmann joins CBS News to discuss the impact FTX's collapse is having on the market.
A bankruptcy court is hearing FTX's case days after its founder Sam Bankman-Fried was charged with fraud. He told the Wall Street Journal prior to his arrest that he did not know about potential fraud at his company, and "can only guess" where billions of dollars from his customers went. WSJ reporter Alexander Osipovich interviewed Bankman-Fried, and joins CBS News to discuss the former CEO and the ongoing investigations into his failed crypto company.
Customers of Binance, the biggest crypto exchange, withdrew billions in funds this week. The company says it's safe.
Once hailed as a genius, the 30-year-old MIT grad now faces multiple charges of fraud following the collapse of his crypto firm.
Sam Bankman-Fried, founder and former CEO of the FTX cryptocurrency exchange, which recently filed for bankruptcy, has been arrested in the Bahamas based on charges filed in the U.S. CBS News legal contributor Jessica Levinson joins John Dickerson on "Prime Time" with more on this breaking story.
Hallie Biden, the widow of Beau Biden, was romantically involved with Hunter Biden and testified that she discarded the gun at the heart of the case.
The decision to invite Israeli Prime Minister Benjamin Netanyahu to address Congress comes amid deep political divides across the U.S. over the war in Gaza.
Moderate Republicans, specifically those who supported Nikki Haley's GOP presidential run, have been targeted by the Biden campaign since she dropped out of the primary race.
Four Russian warships, including a nuclear-powered submarine, will arrive in Havana next week, Cuban officials said Thursday.
Trump ally Steve Bannon appeared in a Washington, D.C. federal courtroom on Thursday as a judge weighed whether to clear the way for Bannon to serve out a four-month prison sentence.
The Starliner crew had to work around thruster problems and more helium leaks, but pulled off a successful space station docking.
In France to commemorate the 80th anniversary of the Allied forces' pivotal D-Day landings in Normandy, President Biden honors WWII troops who freed Europe from tyranny.
Police said an initial review of fingerprints suggests that a woman claiming to be Cherrie Mahan is not the child who went missing from rural western Pennsylvania 39 years ago.
GameStop's stock price surged more than 40% after Keith Gill indicated he would appear on YouTube for the first time in three years.
The "Teen Rex" is one of just four young T. rex fossils that have been found on Earth.
The proposed ban could affect hundreds of Baptist congregations and have a disproportionate impact on predominantly Black churches.
Moderate Republicans, specifically those who supported Nikki Haley's GOP presidential run, have been targeted by the Biden campaign since she dropped out of the primary race.
Congress passed over $1 trillion for infrastructure in 2021, but many aging schools are still waiting for funding.
The decision to invite Israeli Prime Minister Benjamin Netanyahu to address Congress comes amid deep political divides across the U.S. over the war in Gaza.
U.S. unemployment rate forecast to stay below 4% for a 28th straight month — that would be the longest stretch in more than 70 years.
Author Suzanne Collins is returning to the ravaged, post-apocalyptic land of Panem for a new "The Hunger Games" novel.
GameStop's stock price surged more than 40% after Keith Gill indicated he would appear on YouTube for the first time in three years.
A typical car buyer will pay $10,688 extra in interest payments over the course of a new car loan, one expert said.
Now that they're getting older, children raised on social media have some hard-earned wisdom to share on the perils of addictive tech.
Moderate Republicans, specifically those who supported Nikki Haley's GOP presidential run, have been targeted by the Biden campaign since she dropped out of the primary race.
Congress passed over $1 trillion for infrastructure in 2021, but many aging schools are still waiting for funding.
The decision to invite Israeli Prime Minister Benjamin Netanyahu to address Congress comes amid deep political divides across the U.S. over the war in Gaza.
Sen. Tim Scott is one of several Black Republican lawmakers who are looking to shift minority voters away from Democrats.
If UFOs turn out to be "cutting-edge secret weapons or spying drones in disguise, they can pose a significant threat," one lawmaker said.
Now that they're getting older, children raised on social media have some hard-earned wisdom to share on the perils of addictive tech.
One person died and another was treated for smoke inhalation in one of seven fires caused by product overheating.
A new observational study, meaning it does not prove causation, found xylitol, a common sugar substitute, may increase the risk of heart attack and stroke.
The FDA said "additional review" and court cases led it to roll back the ban.
Faulty lead test kits made by Magellan Diagnostics may have been used as late as 2021 to test children for exposure to the toxic metal. The company agreed to pay $42 million to settle criminal charges that it concealed malfunctions.
The decision to invite Israeli Prime Minister Benjamin Netanyahu to address Congress comes amid deep political divides across the U.S. over the war in Gaza.
Beating Pakistan was a historic win for the United States — a country where most people hardly understand the rules of the game.
Four Russian warships, including a nuclear-powered submarine, will arrive in Havana next week, Cuban officials said Thursday.
"Products and materials intended to manufacture explosive devices" were found at the suspect's hotel room, officials said.
Researchers were tagging marine when the tiger shark they caught vomited a dead echidna — a spiny creature similar to a hedgehog.
Pat Sajak and Vanna White have been one of television's most iconic duos since they started working on "Wheel of Fortune" together in 1982.
"Piece by Piece" will feature Pharrell Williams voicing himself in animated LEGO form, accompanied by some A-list collaborators from his chart-topping career.
Author Suzanne Collins is returning to the ravaged, post-apocalyptic land of Panem for a new "The Hunger Games" novel.
Here's you chance to preorder Samsung's latest Windows laptop and get a free 50-inch TV, too.
Parton said the show will have "many original songs" and all the fan favorites are included in the score.
Artificial intelligence is reshaping American life, including changing the investment landscape as AI-related stocks are booming. CBS News' John Dickerson examines some of the best performers to explain which industries make up the AI revolution.
The law requires car manufacturers to install rear seat reminder alerts in new passenger cars by 2025. The government is weighing whether to go beyond that mandate to require occupant detection technology.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Many newer vehicles have built-in technology that is meant to remind drivers that a child is in the back seat of a car, which can be deadly on a hot day. But a Louisiana family warns the technology isn't good enough to prevent a tragedy. National consumer correspondent Ash-har Qurairshi reports.
Last week, Ticketmaster confirmed it was hacked. The group claiming to be behind the breach said it stole the data of some 560 million customers and offered to sell those details for half a million dollars on the dark web. CBS News reporter Zak Hudak has more.
The "Teen Rex" is one of just four young T. rex fossils that have been found on Earth.
Joro spiders can lay up to 500 eggs in a single sac and can parachute themselves "tens to hundreds of miles" away through the sky. These photos show where they've landed so far.
"Tornado Alley" used to refer to the central Plains region, but research shows new areas of the Midwest and Southeast now face a greater threat.
Devastating flooding in Brazil has forced hundreds of thousands of people from their homes for good. Scientists say human-caused climate change will make extreme flooding more likely, and that there will be more climate refugees in the future. Lauren Risi, director of the Environmental Change and Security Program at the Wilson Center, joins CBS News to discuss.
European scientists say May was the 12th consecutive month the world saw record-high temperatures. According to the ICF Climate Center, many U.S. cities in the South and Midwest are expected to see more days with higher temperatures if current emissions rates continue. CBS News homeland security and justice reporter Nicole Sganga explains how Phoenix, Arizona, is preparing.
The individual boxes have a retail value ranging from $20 to well over $1,000, police said.
Eleven migrants were hospitalized for heat exhaustion Thursday after they were rescued in a human smuggling bust near San Antonio, Texas, authorities said. Several dozen migrants were found in a trailer with no air conditioning and little water. Ben Tracy has more.
Police said they can't verify the claims of a woman who claims to be Cherrie Mahan.
The man accused of murdering four women whose bodies were found near Long Island's Gilgo Beach was charged in the killings of two other women. Rex Heuermann was indicted in the deaths of Sandra Costilla, who was killed in 1993, and Jessica Taylor, who went missing in 2003. CBS New York's Carolyn Gusoff reports.
Hallie Biden, the widow of Beau Biden, testified at Hunter Biden's federal gun trial in Delaware Thursday. Hallie was in a relationship with Hunter after his divorce from his ex-wife in 2017 and Beau's death in 2015. They were dating at the time when the firearm was purchased in 2018. CBS News' Scott MacFarlane has more on the testimony.
The Starliner crew had to work around thruster problems and more helium leaks, but pulled off a successful space station docking.
Boeing's Starliner capsule, with a crew of two, docked at the International Space Station Thursday after troubleshooting some technical malfunctions. CBS News space analyst Bill Harwood breaks down how NASA maneuvered through the challenges to achieve the Starliner's next step in space.
Building on lessons learned during three previous test flights, SpaceX set its sights on more lofty goals for a fourth launch of the giant rocket.
Boeing's Starliner capsule finally took off Wednesday after years of delays, with two NASA astronauts on their way to the International Space Station. CBS News space consultant Bill Harwood explains why the launch took so long, and how significant it is.
Boeing's Starliner space capsule launched Wednesday with a crew of two on a mission to the International Space Station. CBS News senior national correspondent Mark Strassmann breaks down how it finally happened after repeated delays.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Forrest Fenn hid a treasure somewhere in the Rocky Mountains. Five men died searching for it.
An anonymous letter writer terrorizes a small town, threatening to expose their rumored dark secrets.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
CBS News has learned that multiple potential 2024 running mates for former President Donald Trump, the presumptive Republican presidential nominee, have received vetting documents. The search is set to end ahead of July's Republican National Convention. Political strategists Ashley Etienne and Hogan Gidley join "America Decides" to take a look at the contenders.
Hunter Biden's ex-girlfriend Hallie Biden, who is also the widow of his brother Beau, delivered emotional testimony Thursday in Biden's federal gun trial. She talked about how she discovered the weapon in his truck in October 2018 and then "panicked" and threw it away at a Delaware grocery store parking lot, because she "didn't want him to hurt himself or the kids to find it and hurt themselves." Scott MacFarlane has details.
Despite the passage of a massive bipartisan infrastructure package in 2022, some U.S. schools that are over a half-century old have not received the federal money they desperately need to make necessary repairs. Mark Strassmann examines why that is the case.
On June 6, 1944, the Allied forces crossed the English Channel and invaded Nazi-occupied France on the beaches of Normandy. The event, known as D-Day, marked a pivotal turning point in World War II. Author Garrett Graff compiled firsthand accounts of the historic day in his new book "When the Sea Came Alive," and joins CBS News to discuss how he did it.
Russian President Vladimir Putin warned this week that the Kremlin could supply weapons to nations intent on striking targets in Western-allied countries. The threat came after several nations allowed Ukraine to use their weapons to strike targets inside Russia. Polish Gen. Rajmund Andrzejczak, a former Polish army chief of staff, joins CBS News with analysis.