Bankruptcy filings surged last year. Here's what's behind the rise
The increase in bankruptcy filings comes as Americans face a slate of economic pressures, from sticky inflation to elevated borrowing costs.
Bankruptcy
Saks Global, century-old high-end department store chain, files for bankruptcy
The venerable retailer is seeking protection from its creditors after its $2.65 billion purchase of Nieman Marcus failed to spark growth.
These national and regional retailers went out of business in 2025
More than 8,000 stores closed across the U.S. this year, according to retail industry data, including these well-known brands.
Roomba maker iRobot files for bankruptcy, sells itself to Chinese company
iRobot, which introduced the Roomba vacuum cleaner in 2002, vows to continue supporting its products despite Chapter 11 filing.
Nursing home chain avoids settlement payouts after bankruptcy filing
Genesis HealthCare's bankruptcy case in Dallas will allow the nursing home chain to avoid paying millions of dollars it promised for residents who were injured or died while in its care.
How travelers could be impacted as Spirit Airlines makes cuts
Spirit Airlines is ending service in nearly a dozen U.S. cities this week. The cuts could impact more than just those who fly with the budget airline.
Spirit Airlines declares bankruptcy for second time in less than a year
Spirit Airlines again filed for bankruptcy protection from its debts only months after emerging from Chapter 11.
Bed Bath & Beyond exec says company won't open any California stores
California's tough business environment makes it hard for retailers to survive, a top Bed Bath & Beyond executive said.
Spirit Airlines warns of "doubt" about future
Shares of Spirit Aviation Holdings, the parent company of Spirit Airlines, plummeted on Tuesday after the company warned of "substantial doubt" about its ability to stay in business. CBS News senior transportation correspondent Kris Van Cleave has more.
Bed Bath & Beyond returns with new Nashville store
Bed Bath & Beyond, which shut all its stores more than two years ago after filing for bankruptcy, is back. The company, rebranded as Bed Bath & Beyond Home, opened a brick-and-mortar store in Nashville, Tennessee, on Friday.
Hospital chain claims "greed and bad faith misconduct" led to bankruptcy
Bankruptcy filing alleges Steward Health Care executives siphoned $245 million from needy hospitals.
Del Monte Foods files for bankruptcy as it seeks to rebuild brand
Del Monte Foods, producer of canned fruits and vegetables, initiatied Chapter 11 proceedings on Monday and is seeking a buyer.
At Home retailer files for bankruptcy. Here are stores that will close.
As part of the bankruptcy proceedings, 26 At Home stores across the United States will close.
Red Lobster claws its way out of bankruptcy after judge approves sale
Once the deal is finalized, the seafood chain will operate under a new CEO — Damola Adamolekun, former chief executive of P.F. Chang's.
Big Lots leadership on impact of tariffs
Lisa Seigies, president and CEO of Variety Wholesalers, which purchased assets from the Chapter 11 bankruptcy of Big Lots last year, speaks to "CBS Mornings" about reopening stores and the impact of President Trump's tariffs.
Regeneron to buy 23andMe out of bankruptcy for $256 million
Regeneron, a biotech company, will acquire 23andMe for $256 million and vowed to comply with the genetic testing company's privacy policies.
More Americans teetering on the edge of bankruptcy. Here's why.
Record consumer debt, years of steep inflation and other factors are driving more Americans to considering filing for bankruptcy.
Potential $7.4B Purdue Pharma opioid settlement frustrates some victims
Opioid victims are not getting a "fair shake" in potential $7.4 billion settlement, a claimant in the Purdue Pharmacy bankruptcy case says.
Joann closing all of its remaining stores and going out of business
Fabric and crafts retailer Joann is closing all of its remaining stores after failing to find a buyer that would keep them open.
Apple to build AI server factory in U.S.
Apple has committed to investing $500 billion in the U.S. over the next four years. CEO Tim Cook says the investment will include the creation of a 250,000-square-foot artificial intelligence server manufacturing factory near Houston. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Some Big Lots stores will remain open
Inflation and high interest rates contributed to the Big Lots' bankruptcy, but a deal with Gordon Brothers Retail Partners will keep hundreds of stores open. CBS News contributor Javier E. David has more.
Big Lots reaches deal to keep hundreds of U.S. stores open
Big Lots has reached a deal that will keep hundreds of its stores open after filing for bankruptcy protection earlier this year.
The Container Store says it's filing for bankruptcy protection
The Container Store said it is filing for bankruptcy protection after years of losses and declining sales.
Party City files for bankruptcy, a day after announcing mass layoffs
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Sen. Warren pushes bill to make it easier to declare bankruptcy
Sen. Elizabeth Warren says Americans seeking debt relief face an overly complicated, costly bankruptcy system.
Funding fight turns to the House as lawmakers look to avoid lengthy shutdown
The House is considering a revised funding package to end the partial government shutdown.
Exclusive
Savannah Guthrie's missing mom may have been abducted while she slept, sheriff says
Authorities in the Tucson, Arizona, area are searching for the mother of "Today" show host Savannah Guthrie, 84-year-old Nancy Guthrie.
The notable names in the Epstein files
A slew of notable individuals appear in the latest Justice Department release of Jeffrey Epstein files.
Trump says he's not planning to rip down Kennedy Center
As President Trump prepares to shut down the Kennedy Center for renovations, sources told CBS News there has been no discussion of demolishing or gutting the building.
Immigration officers in Minneapolis will start wearing body cameras, Noem says
All federal immigration agents in Minneapolis will begin wearing body cameras, Secretary of Homeland Security Kristi Noem said Monday, a policy that could be rolled out nationwide.
Clintons agree to testify to House Oversight ahead of expected contempt vote
The Clintons made a last-ditch effort to avoid a contempt vote.
Sens. Shaheen, Collins urge Pentagon not to sideline Havana Syndrome research
Senators Jeanne Shaheen of New Hampshire and Susan Collins of Maine sent Defense Secretary Pete Hegseth a letter warning against any changes that could affect victims' care.
Judge blocks DHS from ending deportation protections for 350,000 Haitians
A federal judge on Monday blocked the Trump administration from revoking Temporary Protected Status for Haitians, granting a last-minute reprieve to 350,000 immigrants who were set to lose protections on Tuesday.
Dr. Peter Attia apologizes for "indefensible" emails to Jeffrey Epstein
Peter Attia, a doctor and author well known for his research on longevity, is apologizing for what he calls "embarrassing, tasteless, and indefensible" emails he exchanged with Jeffrey Epstein.
U.S.
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Hennepin County, Minnesota sheriff says she feels "scapegoated" by feds
The Hennepin County sheriff is considering whether to notify ICE before releasing people accused of the "worst of the worst" crimes — murder, rape and violent felonies.
Sens. Shaheen, Collins urge Pentagon not to sideline Havana Syndrome research
Senators Jeanne Shaheen of New Hampshire and Susan Collins of Maine sent Defense Secretary Pete Hegseth a letter warning against any changes that could affect victims' care.
Want to see Super Bowl 2026 commercials early? These ads are already live.
Many Super Bowl 60 ads are already online, along with teasers for commercials that will be unveiled during the NFL championship on Feb. 8.
Judge blocks DHS from ending deportation protections for 350,000 Haitians
A federal judge on Monday blocked the Trump administration from revoking Temporary Protected Status for Haitians, granting a last-minute reprieve to 350,000 immigrants who were set to lose protections on Tuesday.
Teammates pool money to bring Clemson player's mom for surprise visit
Rusne Augustinaite is from Lithuania, and her mom had never been to the U.S. to see her play a college game in person.
MoneyWatch
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Want to see Super Bowl 2026 commercials early? These ads are already live.
Many Super Bowl 60 ads are already online, along with teasers for commercials that will be unveiled during the NFL championship on Feb. 8.
United is upgrading its computers. Here's how that could impact travelers.
Starting early Wednesday, United customers won't be able to book flights and access other services as the airline upgrades its reservation system.
Target faces pressures to take a stand against ICE's actions in Minneapolis
The American Federation of Teachers called on Target CEO Michael Fiddelke to "clearly state" that the company wants ICE agents to leave Minnesota.
This week's jobs report will be delayed by government shutdown
The latest partial government shutdown is disrupting the release of closely watched economic data.
Gold and silver prices are slumping after their meteoric rise. Here's why.
Several factors are weighing on the value of gold and silver after the precious metals ascended to record highs last week.
Politics
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Hennepin County, Minnesota sheriff says she feels "scapegoated" by feds
The Hennepin County sheriff is considering whether to notify ICE before releasing people accused of the "worst of the worst" crimes — murder, rape and violent felonies.
Sens. Shaheen, Collins urge Pentagon not to sideline Havana Syndrome research
Senators Jeanne Shaheen of New Hampshire and Susan Collins of Maine sent Defense Secretary Pete Hegseth a letter warning against any changes that could affect victims' care.
Don Lemon says he offered to turn himself in but agents were sent for him
Don Lemon says he offered to turn himself in to face charges over his coverage of a protest at a church but federal agents were sent for him anyway.
Judge blocks DHS from ending deportation protections for 350,000 Haitians
A federal judge on Monday blocked the Trump administration from revoking Temporary Protected Status for Haitians, granting a last-minute reprieve to 350,000 immigrants who were set to lose protections on Tuesday.
Clintons agree to testify to House Oversight ahead of expected contempt vote
The Clintons made a last-ditch effort to avoid a contempt vote.
HealthWatch
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5 ways to find affordable care without health insurance
Many Americans are expected to lose ACA or Medicaid coverage in the coming months and years, but doctors and researchers say there are still ways to find affordable care.
When health insurance costs more than the mortgage
As health care costs skyrocket and federal lawmakers pull back help on ACA insurance premiums, more middle-income families are facing tough choices on health care.
Extended Interview: Mel Robbins
In this web exclusive, author and podcaster Mel Robbins talks with Norah O'Donnell about "The Let Them Theory."
Book excerpt: "The Let Them Theory" by Mel Robbins
In her latest bestseller, the motivational speaker discusses how personal growth is only possible when you stop pouring energy into things you cannot control – which includes changing other people.
A cop thought he had a muscle cramp. He ended up fighting for his life.
Sgt. Chris Johnson was told that his heart condition had nearly been "instantly fatal." Rapid medical care and rigorous therapy helped him recover.
World
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Boy swims 2.5 miles to save family swept out to sea: "Superhuman"
"The waves are massive and I have no life jacket on. … I just kept thinking 'just keep swimming, just keep swimming,'" Austin Appelbee said.
X office in Paris searched as prosecutor summons Musk for questioning
French officials search X's office in Paris, ask Elon Musk to answer questions about the platform amid probe into its algorithms and AI functions.
Trump lowers tariffs on India, saying Modi agreed to stop buying Russian oil
President Trump announced that he and Indian Prime Minister Narendra Modi have agreed to a trade deal that will lower tariffs and halt India's purchase of Russian oil.
Elephant kills tourist in Thailand, 3rd fatality linked to same animal
The victim's wife managed to escape after park rangers scared the animal away, officials said.
Norwegian princess' son accused of assault ahead of trial on rape charges
Norwegian Crown Princess Mette-Marit's son hit with new criminal charges as she apologizes for "poor judgment" over Epstein ties.
Entertainment
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Trump says he's not planning to rip down Kennedy Center
As President Trump prepares to shut down the Kennedy Center for renovations, sources told CBS News there has been no discussion of demolishing or gutting the building.
Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Behind-the-scenes on the Grammys red carpet
"CBS Mornings" co-host Gayle King spoke to Grammy nominees, winners and other stars on the award show red carpet.
Highlights from the Grammy Awards
"CBS Mornings" co-host Gayle King breaks down the big winners and special moments from Sunday's Grammy Awards.
Stars remember and honor Catherine O'Hara
Tributes have poured in for actor Catherine O'Hara, who died Friday at the age of 71. Macaulay Culkin, who starred in "Home Alone" as O'Hara's son, wrote, "Mama, I thought we had time. I wanted more, but I had so much more to say - I love you." Vlad Duthiers reports.
Technology
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Technology
Inside the new social media platform for AI
Moltbook was launched last week by a software developer and mirrors the template of Reddit, but it's not for humans. Instead, it allows artificial intelligence agents to post written content and interact with other chatbots through comments, up-votes and down-votes. Tyler Cowen, professor of economics at George Mason University, joins CBS News to discuss.
Alarming report on Amazon AI training
A new report from Bloomberg says Amazon found hundreds of thousands of cases of suspected child sex abuse material in its AI training data. Bloomberg tech reporter Riley Griffin joined CBS News to discuss.
How AI powered robots are helping small farms
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.
How the gramophone changed music
While Thomas Edison's cylinders were the first to play recorded sound, they were impractical – leading Emile Berliner to come up with a better way to play music: The gramophone, invented in 1887, which played flat discs. Jane Pauley reports.
Uber looks to cash in on self-driving cars — but not by driving them
The rideshare company is getting into the business of providing real-world driving data to autonomous vehicle developers. Here's why.
Science
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Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Crime
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X office in Paris searched as prosecutor summons Musk for questioning
French officials search X's office in Paris, ask Elon Musk to answer questions about the platform amid probe into its algorithms and AI functions.
Latest on Nancy Guthrie disappearance
Pima County Sheriff Chris Nanos says he believes Nancy Guthrie, mother of "Today" show host Savannah Guthrie, was abducted. CBS News correspondent Jonathan Vigliotti reports.
Sheriff thinks Guthrie's mother was abducted
Pima County Sheriff Chris Nanos told CBS News Monday that he believes Nancy Guthrie, the mother of "Today" show host Savannah Guthrie, was abducted from her Arizona home while she slept. Jarred Hill reports.
Man who had affair with au pair found guilty of murdering wife, another man
Brendan Banfield, who was having an affair with the family's Brazilian au pair, was found guilty on Monday of murdering his wife and another man.
Latest details on Savannah Guthrie's mom
Authorities said Monday they are investigating the disappearance of Nancy Guthrie, the mother of "Today" host Savannah Guthrie, as a crime. CBS News senior coordinating producer Anna Schecter has the latest.
Space
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NASA crewed moon launch off until March at earliest due to issues during tests
NASA says it can't try until March at the earliest to send a crewed craft on a flight around the moon and back due to hydrogen leaks during testing of the huge Artemis II rocket that would lift the craft into space.
Inside NASA's Artemis II mission
Artemis II echoes the Apollo-era missions that paved the way for the first moon landing — and sets the stage for what comes next.
After more than 50 years, NASA astronauts are going back to the moon
More than 50 years after NASA's last human mission to the moon, four astronauts, three Americans and a Canadian, are set for the 10-day Artemis II mission to the far side of the moon.
Moon rocket fueling test on tap to clear way for launch
If the countdown and fueling test go well, four astronauts will set their sights on a Super Bowl Sunday launch to the moon.
NASA's Artemis II slated to be a series of firsts
Extreme cold has forced NASA to reschedule its next moon mission. On Saturday, the massive Artemis II rocket stands on launch pad 39B at the Kennedy Space Center. Like Apollo 8 in 1968, it won't land on the lunar surface. Mark Strassmann has more on why the latest mission is considered groundbreaking.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Super Bowl week begins
Super Bowl LX is less than a week away with the Seattle Seahawks set to face the New England Patriots. CBS News correspondent Nidia Cavazos has more.
Mass government exit of Ph.D. science experts
More than 10,000 experts with doctorate degrees in science and related fields left their government jobs last year, according to the White House Office of Personnel Management. Jeffrey Mervis, senior correspondent for Science Magazine, joins CBS News to discuss.
Inside the new social media platform for AI
Moltbook was launched last week by a software developer and mirrors the template of Reddit, but it's not for humans. Instead, it allows artificial intelligence agents to post written content and interact with other chatbots through comments, up-votes and down-votes. Tyler Cowen, professor of economics at George Mason University, joins CBS News to discuss.
Survivors blast DOJ over Epstein file redactions
After another trove of Epstein files was released, some survivors, like Dani Bensky, are blasting the Justice Department for withholding potentially millions of additional pages from the files while also mistakenly releasing images and identities of survivors. Scott MacFarlane has more.
Man who had affair found guilty in double murder
A Virginia man having an affair with the family's au pair was found guilty Monday of murdering his wife and another man. Elaine Quijano has details.