Bed Bath & Beyond files for bankruptcy
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.
Bankruptcy
Bed Bath & Beyond files for bankruptcy protection
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
David's Bridal goes bankrupt, will lay off more than 9,000 workers
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
RIP Medical Debt: Abolishing crippling health care debts
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.
Tupperware says it may go out of business
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.
Struggling banks cause unease on Wall Street
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.
Markets fall after tough week for U.S. banks
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.
SVB Financial, former parent of Silicon Valley Bank, files for bankruptcy
The bankruptcy comes days after its bank was shut down and taken over by regulators amid a solvency crisis.
Silicon Valley Bank failure having worldwide repercussions
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.
Albuterol shortage could worsen after asthma drugmaker's closure
Akorn, which manufactured the asthma medication, shuttered three of its factories shortly after filing for bankruptcy.
Bed Bath & Beyond to sell shares in a bid to avoid bankruptcy
The home goods retailer hopes to raise $1 billion and use the proceeds to pay down debt and the interest on loans.
Party City files for bankruptcy protection amid rising prices
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
Judge terminates FTX naming rights deal for Miami Heat arena
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 warns of potential bankruptcy
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 finds success late in life
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.
House panel releases Trump's tax returns
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.
Celebrities who filed for bankruptcy
They may have famous names and big careers, but these celebs also ran into financial trouble.
Binance faces concerns about crypto
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.
Bankruptcy court hears FTX case
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.
Fear shadows cryptocurrency exchanges after FTX's collapse
Customers of Binance, the biggest crypto exchange, withdrew billions in funds this week. The company says it's safe.
What to know about the charges facing FTX's Sam Bankman-Fried
Once hailed as a genius, the 30-year-old MIT grad now faces multiple charges of fraud following the collapse of his crypto firm.
FTX founder Sam Bankman-Fried arrested
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.
"Grossly inexperienced" leaders led to FTX collapse, new CEO says
New crypto exchange chief points to massive failures under Sam Bankman-Fried ahead of House committee hearing.
FTX founder Sam Bankman-Fried plans to testify before Congress
Former FTX CEO tweeted that he's limited to what he can say and "won't be as helpful" as he would like to be.
Infowars host Alex Jones files for personal bankruptcy
Jones said on his show Infowars that he is "officially out of money."
Still no deal in truce talks as Israel downplays chances of ending war
An adviser to Israeli Prime Minister Benjamin Netanyahu told CBS News that "the end of the war will come with the end of Hamas in Gaza."
Hundreds rescued in Houston; flood watch affects millions in Texas, Oklahoma
The U.S. Coast Guard said they had medevaced an hours-old baby from Cleveland, Texas, amid the floodwaters.
Netanyahu's Cabinet votes to close Al Jazeera offices in Israel
Israeli Prime Minister Benjamin Netanyahu says his government has voted unanimously to shutter the offices of the Qatar-owned broadcaster Al Jazeera in Israel.
Australian police shoot armed teenager after stabbing attack
The incident occurred in the parking lot of a hardware store in Willetton, a suburb in the west coast city of Perth, on Saturday night.
Police investigate multiple bomb threats against New York City synagogues
Police say multiple bomb threats were reported against synagogues across New York City on Saturday.
More than a decade after a stroke, Randy Travis sings again, courtesy of AI
"Sunday Morning" has an exclusive behind-the-scenes look at the creation of the country singer's first post-stroke song, "Where That Came From," which blends art with artificial intelligence in a recording that captures Travis' country heart.
Frank Stella, artist known for his pioneering work in minimalism, dies at 87
The painter, sculptor and printmaker created work that was hailed as landmarks of the minimalist and post-painterly abstraction art movements.
Anti-war protesters interrupt University of Michigan graduation
Protesters chanted anti-war messages and waved Palestinian flags and Israeli flags during the University of Michigan's commencement Saturday.
Police fatally shot student after he pointed pellet rifle at them, DOJ says
Police in Wisconsin fatally shot a student who had pointed a pellet rifle in their direction outside a middle school, according to the state's Department of Justice.
U.S.
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A.J. Jacobs on "The Year of Living Constitutionally"
The New York Times bestselling author and humorist is back with another chronicle of an immersive experiment, in which he spent a year exploring the language and history of our nation's founding document and amendments, sometimes with a musket in tow.
Driver dies after crashing car into White House gate
A male driver was pronounced dead at the scene of a car crash outside the White House on Saturday night, officials said.
Detective's affair exposed during wife's murder investigation
Brian Fanion says he and his wife Amy Fanion had been arguing about his retirement plans when she picked up his service weapon and shot herself. Investigators did not believe his story.
Frank Stella, artist known for his pioneering work in minimalism, dies at 87
The painter, sculptor and printmaker created work that was hailed as landmarks of the minimalist and post-painterly abstraction art movements.
Mystik Dan wins 150th Kentucky Derby in stunning photo finish
It was just the 10th Kentucky Derby decided by a nose, and the first since Grindstone wore the garland of red roses in 1996.
MoneyWatch
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Berkshire Hathaway has first annual meeting since Charlie Munger's death
Warren Buffett referred to close friend Charlie Munger as the "the architect of Berkshire Hathaway."
Walgreens limits Gummy Mango candy sales to one bag per customer
The retailer says the peelable treats have been "flying off the shelves" ever since TikTokers discovered the candy.
Trump Media's auditor is charged with "massive fraud" by the SEC
Audit firm BF Borgers allegedly failed to comply with accounting standards and fabricated audit documentation, regulators claim.
Employers added 175,000 jobs last month, marking a hiring slowdown
U.S. unemployment rate rose slightly to 3.9% in April, continuing a stretch of remaining under 4% for 27 months.
Here are the job candidates that employers are searching for most
Job site Indeed identified the top 10 most sought-after job candidates by employers and recruiters. Here's what they found.
Politics
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Transcript: Queen Rania al Abdullah of Jordan on "Face the Nation," May 5, 2024
The following is a transcript of an interview with Queen Rania al Abdullah of Jordan that aired on May 5, 2024.
Alabama Supreme Court declines to revisit controversial frozen embryo ruling
The decision prompted a wave of public backlash as women saw fertility treatments canceled or put in jeopardy after the ruling.
CIA director in Egypt for high-stakes Israeli hostage, cease-fire talks
The hostage and cease-fire talks have taken on new urgency amid a looming Israeli ground invasion of Rafah, in southern Gaza.
Democratic Rep. Henry Cuellar and wife indicted on federal bribery charges
Democratic Rep. Henry Cuellar of Texas was elected to the House in 2005 and represents the state's 28th Congressional District.
Former government employee charged with making false Jan. 6 accusations
Ex-government employee Miguel Zapata is accused of sending fake FBI tips falsely accusing multiple coworkers of taking part in the Jan. 6, 2021, Capitol breach.
HealthWatch
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CDC says bird flu viruses "pose pandemic potential," cites major knowledge gaps
The Texas dairy worker infected by H5N1 "did not disclose the name of their workplace," frustrating investigators.
Want an easy way to relieve stress? Try this doctor-approved method.
Stress is hard to avoid, but experts say getting outdoors can have a positive impact on both our mental and physical health.
Halle Berry joins senators to announce menopause legislation
Actress Halle Berry joined with a group of bipartisan senators on Thursday to announce new legislation to promote menopause research, training and education.
Pregnancy-related deaths fall to pre-pandemic levels, new data shows
New CDC data shows about 680 women in the U.S. died during pregnancy or shortly after childbirth in 2023, a decline from the previous year.
UnitedHealth Group CEO reports cyberattack
UnitedHealth Group CEO Andrew Witty disclosed that a cyberattack on one of its subsidiaries earlier this year might affect up to a third of all Americans.
World
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Australian police shoot armed teenager after stabbing attack
The incident occurred in the parking lot of a hardware store in Willetton, a suburb in the west coast city of Perth, on Saturday night.
Netanyahu's Cabinet votes to close Al Jazeera offices in Israel
Israeli Prime Minister Benjamin Netanyahu says his government's cabinet has voted unanimously to shutter the offices of the Qatar-owned broadcaster Al Jazeera in Israel.
London mayor wins historic third term
Sadiq Khan, the Labour Party's mayor of London, has romped to victory, securing a record third straight term at City Hall, on another hugely disappointing day for the U.K.'s governing Conservatives ahead of a looming general election.
Still no deal in truce talks as Israel downplays chances of ending war
An adviser to Israeli Prime Minister Benjamin Netanyahu told CBS News that "the end of the war will come with the end of Hamas in Gaza."
At least 14 killed after flood and landslide hit Indonesia's Sulawesi island
Torrential rain pounding the area since Thursday triggered a landslide in Luwu district in South Sulawesi province, officials say.
Entertainment
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Tom Selleck on the future of "Blue Bloods"
The hit CBS drama is set to end this year, but there's been pushback, most notably from its star. He talks about his desire to continue the show; his memoir, "You Never Know"; and the legacy of "Magnum, P.I."
Tom Selleck on "Blue Bloods" and his memoir, "You Never Know"
The hit CBS drama "Blue Bloods" is set to end this year, but there's been pushback on that, most notably from star Tom Selleck, who over 14 seasons has played the head of the NYPD (and the head of a very headstrong family). He talks with correspondent Tracy Smith about his desire to continue "Blue Bloods"; about his pioneering '80s crime show "Magnum, P.I.," which put him on the map (and which kept him from playing Indiana Jones); and how he got Frank Sinatra his last acting gig.
Passage: In memoriam
"Sunday Morning" remembers some of the notable figures who left us this week, including rock musician Duane Eddy, and Richard Tandy, keyboardist for the Electric Light Orchestra.
A.J. Jacobs on his "Year of Living Constitutionally"
New York Times bestselling author and humorist A.J. Jacobs is back with another chronicle of an immersive experiment. As recounted in his new book, "The Year of Living Constitutionally," Jacobs spent a year exploring the language and history of our nation's founding document and amendments, sometimes with a musket in tow. He talked with CBS News' John Dickerson about the Constitution's balance of powers, created to protect against a tyrant; the logistics of petitioning the government; and the joys of writing with a quill pen.
Remembering artist Frank Stella
The innovative Frank Stella, who ushered in an era of cool minimalism, and later abandoned flat surfaces for assemblages and sculptures, died Saturday at the age of 87. "Sunday Morning" host Jane Pauley offers a tribute to a towering figure in post-war American art.
Technology
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Technology
Students use "Sidechat" app for protests
Sidechat, an app launched in 2022 where students can post anonymously about their colleges, is becoming a tool for those choosing to protest at U.S. campuses. Amanda Silberling, a senior culture writer for TechCrunch, joins CBS News with more details on the app.
Microsoft expanding biometric passkey access
Microsoft users can now use biometric passkeys, like a thumbprint or Face ID, to sign into Microsoft 365, Copilot. Jon Fingas, senior editor at Techopedia, has more.
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.
What is Sidechat? The controversial messaging app, explained
Sidechat, an anonymous messaging app, has been used by students to share opinions and updates, but university administrators say it has also fueled hateful rhetoric.
New nuclear reactor comes online in Georgia
Georgia is home to the nation's newest nuclear reactor. It's bringing clean energy to the state, but the project has run over budget and past its original completion date. Drew Kann, climate and environment reporter for The Atlanta Journal-Constitution, joins CBS News to explore the effort.
Science
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Bumblebee nests are under attack – and it's killing their babies
There's a newly-determined "major factor" in declining bumblebee populations – and it's attacking their nests.
Boeing to launch astronauts on new spacecraft
On Monday, Boeing plans to launch astronauts on its new spacecraft that is called Starliner. The test flight to the International Space Station is years behind schedule.
New nuclear reactor comes online in Georgia
Georgia is home to the nation's newest nuclear reactor. It's bringing clean energy to the state, but the project has run over budget and past its original completion date. Drew Kann, climate and environment reporter for The Atlanta Journal-Constitution, joins CBS News to explore the effort.
Historic cicada event underway in parts of U.S.
For the first time since 1803, two groups of periodical cicadas are emerging from the ground at the same time in parts of the Midwest and South. However, a small section of Central Illinois marks the only place where both the 13-year and 17-year cicadas are emerging in the same place. Dave Malkoff reports on the extraordinary event.
Summer heat waves already deadly in Asia, and it's still spring
Much of Asia is sweltering under a heat wave that one expert calls "by far the most extreme event in world climatic history."
Crime
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Detective's affair exposed during wife's murder investigation
Brian Fanion says he and his wife Amy Fanion had been arguing about his retirement plans when she picked up his service weapon and shot herself. Investigators did not believe his story.
5 men impersonating police officers charged in 2006 kidnapping, murder
Federal prosecutors said the men used fake badges, police lights and firearms to rob and kidnap Shamari Taylor for drug money.
Wisconsin police fatally shot student after he pointed pellet rifle at them, state DOJ says
Police in Wisconsin fatally shot a student who had pointed a pellet rifle in their direction outside a middle school, according to the state's Department of Justice.
After striped bass poachers busted, New York alters fishing rules
In one find, a K-9 officer helped police find over a dozen fish buried in the sand and hidden behind logs and brush piles.
Detective searches gunshot residue testing site days before wife killed
Massachusetts investigators uncover a suspicious web history after Brian Fanion reports his wife Amy's death as a suicide.
Space
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Space
Boeing to send astronauts to space
Boeing is expected to launch its Starliner space capsule that will take two astronauts to the International Space Station. CBS News consultant Bill Harwood breaks down Boeing's mission.
In a first, China launches probe to get samples from far side of moon
It is the latest advance in China's increasingly sophisticated space exploration program, which is now competing with the U.S.
Meet the NASA astronauts on Starliner flight
Boeing is set to launch its first-ever spaceflight with humans next week. The Starliner spacecraft will lift off from Florida on Monday night for a multi-day mission to the International Space Station. Commander Barry "Butch" Wilmore and pilot Sunny Williams, two seasoned NASA astronauts who are a part of the mission, join CBS News to go over the flight.
New NASA images show iconic Horsehead Nebula in unprecedented detail
The Horsehead Nebula, which NASA has called "one of the most distinctive objects in our skies," is located in the constellation Orion.
Astronauts confident Boeing's Starliner is finally ready for crew flights
Astronauts Barry Wilmore and Sunita Williams say they have complete confidence in the Starliner despite questions about Boeing's safety culture.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
PHOTOS: Baltimore bridge collapses after cargo ship rams into overpass
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
Could an Alabama woman have shot herself twice?
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
CBS newsman Charles Osgood (1933-2024)
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Tom Selleck on "Blue Bloods" and his memoir, "You Never Know"
The hit CBS drama "Blue Bloods" is set to end this year, but there's been pushback on that, most notably from star Tom Selleck, who over 14 seasons has played the head of the NYPD (and the head of a very headstrong family). He talks with correspondent Tracy Smith about his desire to continue "Blue Bloods"; about his pioneering '80s crime show "Magnum, P.I.," which put him on the map (and which kept him from playing Indiana Jones); and how he got Frank Sinatra his last acting gig.
Passage: In memoriam
"Sunday Morning" remembers some of the notable figures who left us this week, including rock musician Duane Eddy, and Richard Tandy, keyboardist for the Electric Light Orchestra.
A.J. Jacobs on his "Year of Living Constitutionally"
New York Times bestselling author and humorist A.J. Jacobs is back with another chronicle of an immersive experiment. As recounted in his new book, "The Year of Living Constitutionally," Jacobs spent a year exploring the language and history of our nation's founding document and amendments, sometimes with a musket in tow. He talked with CBS News' John Dickerson about the Constitution's balance of powers, created to protect against a tyrant; the logistics of petitioning the government; and the joys of writing with a quill pen.
Remembering artist Frank Stella
The innovative Frank Stella, who ushered in an era of cool minimalism, and later abandoned flat surfaces for assemblages and sculptures, died Saturday at the age of 87. "Sunday Morning" host Jane Pauley offers a tribute to a towering figure in post-war American art.
Bob Schieffer's artistic take on the news
CBS News veteran and former moderator of "Face the Nation," Bob Schieffer has long reported from the center of politics. And now, in retirement he's expressing his hope for America, with an exhibition of 24 original oil paintings he has created. Schieffer talks with "60 Minutes" correspondent Sharyn Alfonsi about his artistic response to the violence of the January 6th insurrection, and about the exhibition that resulted, titled "Looking for the Light."