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.
Chapter 11 Bankruptcy
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.
Spirit shares plunge after airline warns it's facing cash crunch
Just months after emerging from Chapter 11 bankruptcy, Spirit Airlines is warning about its ability to stay in business.
Bed Bath & Beyond brand returns with new store in Nashville
The first Bed Bath & Beyond Home store will open Friday in Nashville, where shoppers will be able to use legacy coupons to get discounts.
Layoffs across the U.S. reach highest level since 2020. Here's why.
Companies have reported more than 744,000 job cuts this year — the highest figure since the first six months of 2020, according to an outplacement firm.
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.
Hooters files for bankruptcy but says it's "here to stay"
Hooters, the U.S.-based restaurant chain known for chicken wings and "Hooters Girls" skimpy wait-staff outfits, has filed for bankruptcy protection.
How inflation is changing Americans' dining habits
Hooters is the latest casual restaurant chain to file for bankruptcy. Inflation has Americans changing their dining habits. Kelly O'Grady explains.
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.
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.
TGI Fridays files for bankruptcy, as sit-down chain restaurants face challenges
TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.
Tupperware's bankruptcy filing marks end of an era
Tupperware, the iconic brand that was once a staple of American kitchens, filed this week for bankruptcy, citing what it called "macroeconomic challenges." Nancy Chen takes a look at the role it played in defining American innovation.
Red Lobster closing nearly two dozen more restaurants. Here's where.
Seafood chain declared bankruptcy in May after struggling with slowing growth and mounting competition.
Buca di Beppo goes bankrupt. Here are the restaurants that are closing.
Some of Buca di Beppo's nearly 20 shuttered locations are in states including Arizona, Michigan and Pennsylvania.
Romance Writers of America falls into bankruptcy amid allegations of racism
Authors complained for years that the organization was predominantly White — causing membership to plummet.
Red Lobster files for Chapter 11 bankruptcy protection
Red Lobster's owner has said the pandemic and rising costs hurt the seafood chain's financial performance.
Joann files for bankruptcy amid consumer pullback and higher costs
The retailer that caters to quilters and crafters also said it has been weighed down by higher tariffs from China.
Rudy Giuliani files for bankruptcy
Former New York City Mayor Rudy Giuliani filed for bankruptcy protection Thursday after a Washington jury ordered him to pay $146 million to two Fulton County, Georgia, election workers for defamation. Robert Costa reports.
Bishop: Sacramento Diocese to seek bankruptcy protection after over 250 lawsuits claim sexual abuse
The Diocese of Sacramento will seek Chapter 11 bankruptcy protection after more than 250 lawsuits claiming sexual abuse by clergy and other staff, Bishop Jaime Soto said.
Rite Aid is closing more than 150 stores. Here's where they are.
Rite Aid said it plans to shutter 154 locations across the nation, with many of the stores slated for closure in California and Pennsylvania.
San Francisco Archdiocese files for bankruptcy
The Archdiocese of San Francisco joins a growing list of dioceses across the United States that have filed for protection under the bankruptcy laws.
Update: Archdiocese of San Francisco files for Chapter 11 bankruptcy over child abuse lawsuits
The Archdiocese of San Francisco is officially filing for Chapter 11 bankruptcy in the wake of numerous claims of child sexual abuse allegedly committed by priests filed against it, according to an announcement Monday.
Yellow files for bankruptcy following $700 million pandemic bailout
The trucking company laid off employees and ceased operations last week, in preparation of the bankruptcy filing.
Live
Iran lashes out with missiles as Israel says war still intensifying
Iran retaliates for Israel's latest assassinations as Trump and Netanyahu give no indication the war is about to let up, 19 days in.
Live
Watch Live: Gabbard, intel officials testify at hearing on threats to U.S.
Director of National Intelligence Tulsi Gabbard and other top officials are testifying before the Senate Intelligence Committee about national security threats facing the U.S.
Live
Watch Live: Rand Paul confronts Markwayne Mullin at DHS confirmation hearing
Sen. Markwayne Mullin is appearing before the Senate Homeland Security & Governmental Affairs Committee for a confirmation hearing, which Sen. Rand Paul chairs.
Official warns some airports could shut down if TSA sick calls climb
Acting deputy TSA administrator Adam Stahl says the situation will get worse the longer the agency and the Department of Homeland Security don't receive funding.
Trump's judicial confirmations show signs of slowing compared to first-term boom
President Trump is likely to make less of an impact on the federal bench in his second term because of fewer vacancies, a slower pace of retirements and the potential for Democrats to regain control of the Senate in November.
Paul calls Mullin a "man with anger issues" in confirmation hearing
Sen. Markwayne Mullin is appearing before the Committee on Homeland Security after President Donald Trump nominated him to replace Kristi Noem as the Homeland Security Secretary.
Senate begins marathon debate on SAVE America Act under pressure from Trump
The Senate voted to begin a marathon debate on the SAVE America Act, an elections bill that President Trump has been pressing Republicans to pass.
As Trump floats "taking Cuba," island's president warns of "resistance"
The leader of Cuba is vowing to put up "resistance" against the U.S. as President Trump suggests he may "take" the island nation, whose communist government has faced intense U.S. pressure and languished under energy shortages.
USPS wants to raise the price of a first-class stamp as high as 95 cents
USPS Postmaster General David Steiner said raising the price of stamps would "largely solve" the agency's financial woes.
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Paul calls Mullin a "man with anger issues" in confirmation hearing
Sen. Markwayne Mullin is appearing before the Committee on Homeland Security after President Donald Trump nominated him to replace Kristi Noem as the Homeland Security Secretary.
Trump waives Jones Act for 60 days in effort to ease energy prices
President Trump on Wednesday temporarily eased a century-old law that limits shippers from transporting energy products around the U.S.
USPS wants to raise the price of a first-class stamp as high as 95 cents
USPS Postmaster General David Steiner said raising the price of stamps would "largely solve" the agency's financial woes.
Official warns some airports could shut down if TSA sick calls climb
Acting deputy TSA administrator Adam Stahl says the situation will get worse the longer the agency and the Department of Homeland Security don't receive funding.
Former reality TV star wins Iditarod, rewards sled dogs with steaks
Jessie Holmes is the third competitor in the 54-year history of the Iditarod Trail Sled Dog Race to repeat the year after winning for the first time.
MoneyWatch
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Trump waives Jones Act for 60 days in effort to ease energy prices
President Trump on Wednesday temporarily eased a century-old law that limits shippers from transporting energy products around the U.S.
USPS wants to raise the price of a first-class stamp as high as 95 cents
USPS Postmaster General David Steiner said raising the price of stamps would "largely solve" the agency's financial woes.
WNBA, players' union reach agreement in principle on new pact
The WNBA and its players' union reached a verbal agreement on a transformational new collective bargaining agreement early Wednesday morning, both sides said.
Arizona alleges Kalshi engaged in illegal gambling, election wagering
The complaint includes 20 separate counts against Kalshi, claiming the company accepted bets from Arizona residents in violation of state law.
Here's how much U.S. families need to make to feel economically secure
Many Americans feel like they live in a "hamster wheel economy," said one expert who studies economic security.
Politics
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Paul calls Mullin a "man with anger issues" in confirmation hearing
Sen. Markwayne Mullin is appearing before the Committee on Homeland Security after President Donald Trump nominated him to replace Kristi Noem as the Homeland Security Secretary.
How the military is using AI in war
From intelligence to research and grant applications, artificial intelligence is playing a bigger role in government and military operations.
Trump waives Jones Act for 60 days in effort to ease energy prices
President Trump on Wednesday temporarily eased a century-old law that limits shippers from transporting energy products around the U.S.
Federal judge strikes down Arkansas Ten Commandments in public schools law
An Arkansas law requiring that the Ten Commandments be prominently displayed in public school classrooms has been struck down by a federal judge.
Exclusive
Facing potential Latino voter slide, GOP mobilizes in crucial Senate races ahead of 2026 midterms
Amid signs that Republicans may lose some of the Latino support that the party picked up in 2024, grassroots organizations are stepping in to boost GOP Senate candidates in key midterm races.
HealthWatch
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Judge blocks parts of RFK Jr.'s vaccine agenda, including revised schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Changes in organ donor status can fall through cracks in the system
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Millions of Americans skip meals, stretch medication to afford health care
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
World
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Children discover mysterious ancient skeleton next to playground
The skeleton is the latest in a series of bodies discovered in the city of Dijon that were mysteriously buried in a seated position while facing west.
Belgian soldiers to protect Jewish sites as Iran war fuels antisemitism
Italian soldiers are patrolling Rome's ancient Jewish quarter and Belgian troops will help secure Jewish sites as an official warns the threat of antisemitic violence "is very real."
Woman hospitalized after being startled by humanoid robot
Video widely shared online showed a woman angrily confronting a robot as it waved its metallic arms at her, while a crowd of onlookers gathered around.
Live
Iran lashes out with missiles as Israel says war still intensifying
Iran retaliates for Israel's latest assassinations as Trump and Netanyahu give no indication the war is about to let up, 19 days in.
Live
Watch Live: Gabbard, intel officials testify at hearing on threats to U.S.
Director of National Intelligence Tulsi Gabbard and other top officials are testifying before the Senate Intelligence Committee about national security threats facing the U.S.
Entertainment
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Entertainment
Behind the rise of The Last Dinner Party
The band The Last Dinner Party is coming to the U.S. next week to tour its second album, "From the Pyre." The members of the band spoke to Anthony Mason about how they met, their rapid rise to fame and the support they've had along the way.
Inside the Vanity Fair Oscar party
For more than 30 years, Vanity Fair has thrown an exclusive Oscar's after party. This year, the magazine's new global editorial director Mark Guiducci decided to trim the guest list, didn't allow press inside and even required guests to put a sticker over their phone camera for privacy. He speaks to "CBS Mornings" and gives an up-close look at the party.
Nancy Guthrie investigation "becomes much harder" as time goes on, expert says
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
Melissa Etheridge opens up about new music
Melissa Etheridge speaks with "CBS Mornings" about releasing her 17th studio album "Rise" later this month, writing about the loss of her son and grief.
Woman on viral Coldplay "kiss cam" speaks out
Kristin Cabot, the woman from the viral Coldplay "kiss cam" video, spoke in an exclusive interview with Oprah Winfrey about the backlash she received from that moment and how it differed from comments made about her boss Andy Byron, the CEO of their company.
Technology
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How the military is using AI in war
From intelligence to research and grant applications, artificial intelligence is playing a bigger role in government and military operations.
Landmark social media trial continues
A verdict could come as soon as Tuesday in the landmark trial against Meta and Google for allegedly fueling social media addictions. CBS News contributor Jessica Levinson 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.
U.S. hospitals, insurers turn to AI for claims
A constant battle in the U.S. health care system is the fight between insurers and providers over the cost of medical procedures and who foots the bill. Both sides are turning to artificial intelligence to make their case. CBS News medical contributor Dr. Céline Gounder explains.
Solar farm development faces pushback
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Science
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Discovery of 1949 whale recording could unlock mysteries of ocean
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
Crime
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Nancy Guthrie investigation "becomes much harder" as time goes on, expert says
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
Kouri Richins found guilty on all charges
Kouri Richins, the Utah mom accused of killing her husband and later writing a children's book about grief, was found guilty on all charges Monday, including aggravated murder. Her sentencing is now set for May and she faces the possibility of life in prison.
Accused Latin American drug lord arrives in U.S. after years on the run
Sebastian Marset, who eluded police for years, was captured in Bolivia last week and transferred to U.S. custody.
Alleged pipe bomber argues charges should be tossed under Jan. 6 pardons
A man who was accused of planting pipe bombs outside the RNC and DNC on the eve of the Jan. 6 attack is arguing he is covered by President Trump's sweeping pardons of alleged Jan. 6 rioters.
Kouri Richins convicted of murdering husband
A jury on Monday found Kouri Richins, a Utah mom who wrote about grief, guilty of murder in the fatal poisoning of her husband. CBS News reporter Andres Gutierrez has more.
Space
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Space
Video shows meteor streaking across the sky
A meteoroid was spotted streaking across the sky in 10 states. In some areas, there was also a loud boom, similar to an explosion. NASA says the meteor, which was traveling 45,000 mph in the sky, fragmented - causing the bright fireball and loud boom.
7-ton meteor identified as likely cause of boom heard across Ohio
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA targets April 1 for moon mission launch
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
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
Ex-CIA official slams Kent's resignation
CBS News contributor and former CIA assistant director for counterterrorism Joseph Zacks slammed Joe Kent's resignation as director of the National Counterterrorism Center. "What troubles me even more in [Kent's] resignation is that he in fact, in my opinion, put a segment of the United States citizenry in danger," Zacks said.
Gabbard's opening statement at Senate hearing
Director of National Intelligence Tulsi Gabbard gave her opening statement at a Senate hearing on worldwide threats. She said Iran's regime "appears to be intact but largely degraded" after U.S. and Israeli strikes on the country.
Iran vows revenge against Israel
Iran vowed revenge after Israel said its intelligence minister was killed. Meanwhile, President Trump said Tuesday that the U.S. will leave Iran "in the near future." CBS News' Nancy Cordes and Sebastian Usher, an analyst for the BBC, a CBS News partner, have the latest.
Race heats up for Sen. Dick Durbin's seat
Tuesday's Illinois primaries left two frontrunners projected to face off in November for retiring Sen. Dick Durbin's seat. Lt. Gov. Juliana Stratton is expected to run against Republican Don Tracy. CBS News' Fin Gomez has more.
Oil prices edge lower after news of Iraq deal
Oil prices edged slightly lower on Wednesday as markets reacted to news of a deal between Baghdad and Erbil that would resume oil exports out of Iraqi Kurdistan. Megan Leonhardt, a senior writer for Barron's, joins with more.