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.
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Iran accuses U.S. of violating ceasefire amid Israeli attacks on Lebanon
Iran says Israel is violating the ceasefire deal President Trump announced, and Tehran appears to still have control over shipping in the Strait of Hormuz.
Vance says U.S. "never indicated" Lebanon would be included in ceasefire deal
The Iranian Parliament speaker claimed the U.S. is violating three parts of a ceasefire deal, citing continued fire in Lebanon.
Gilgo Beach serial killer Rex Heuermann pleads guilty to 7 murders
Gilgo Beach serial killer Rex Heuermann pleaded guilty to seven counts and admitted guilt in the death of an eighth woman.
Bondi won't appear for April 14 deposition in House panel's Epstein probe
Former Attorney General Pam Bondi will not appear before the House Oversight Committee next week to answer questions about Jeffrey Epstein, the panel said.
Ex-Army employee charged with leaking classified military information to reporter
Federal prosecutors say Courtney Williams divulged classified information to a reporter about her time in Delta Force, according to newly unsealed court documents.
"Ketamine Queen" sentenced to 15 years in prison in connection with Matthew Perry's death
In September, Jasveen Sangha pleaded guilty to several federal drug-related charges.
Prosecutors to subpoena Tiger Woods' prescription drug records after DUI arrest
Prosecutors are seeking Tiger Woods' prescription drug records from a Florida pharmacy.
Trump admin. personnel agency is asking for federal workers' medical records
The Office of Personnel Management is asking insurers that cover federal employees and retirees to hand over details about their medical visits, their pharmacy claims, and more.
One hospice doctor. One year. $71.7 million worth of Medicare claims.
A CBS News investigation found one Los Angeles County hospice physician's name, Dr. Rajiv Bhuva, on Medicare claims for nearly 2,800 patients across 126 hospices in a single year.
U.S.
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Ex-Army employee charged with leaking classified military information to reporter
Federal prosecutors say Courtney Williams divulged classified information to a reporter about her time in Delta Force, according to newly unsealed court documents.
Democratic candidate's events with Hasan Piker exposes party rift in Michigan
Abdul El-Sayed's decision to campaign with Hasan Piker has drawn scrutiny from across the political spectrum given comments the popular streamer has made on the Israel-Hamas war.
Prosecutors to subpoena Tiger Woods' prescription drug records after DUI arrest
Prosecutors are seeking Tiger Woods' prescription drug records from a Florida pharmacy.
NASA drops Artemis II moon mission playlist with astronauts' wake-up songs
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
Will the Iran ceasefire ease U.S. gas prices? Here's what experts think.
Gas prices in the U.S. continued to edge up on Wednesday even as oil prices fell. Here's how long it could take for fuel costs to recede.
MoneyWatch
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Will the Iran ceasefire ease U.S. gas prices? Here's what experts think.
Gas prices in the U.S. continued to edge up on Wednesday even as oil prices fell. Here's how long it could take for fuel costs to recede.
This male model sporting a crisp summer shirt isn't real. Will consumers care?
Many brands are turning to AI to advertise their products. Others are rejecting the technology, pledging to lean into "real" images.
GM recalls more than 270,000 cars in U.S. over rearview camera risk
Cameras on some Chevrolet Malibus can display blank or distorted images, posing a risk to drivers, according to safety regulators.
Americans expect to work much longer than they would like. Here's why.
Many employees expect to retire later as mounting expenses strain budgets, while others hunker down at work as part of the "great stay."
Dow surges more than 1,300 points as investors embrace Iran ceasefire
Investors cheered the announcement of a two-week ceasefire, which President Trump said is contingent on the reopening of the Strait of Hormuz.
Politics
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Ex-Army employee charged with leaking classified military information to reporter
Federal prosecutors say Courtney Williams divulged classified information to a reporter about her time in Delta Force, according to newly unsealed court documents.
Democratic candidate's events with Hasan Piker exposes party rift in Michigan
Abdul El-Sayed's decision to campaign with Hasan Piker has drawn scrutiny from across the political spectrum given comments the popular streamer has made on the Israel-Hamas war.
Judge postpones termination of TPS for Ethiopians in U.S.
It's the latest setback for the Trump administration on the issue, which has sought to terminate the TPS designation for 13 countries as part of the president's crackdown on immigration.
Vance says U.S. "never indicated" Lebanon would be included in ceasefire deal
The Iranian Parliament speaker claimed the U.S. is violating three parts of a ceasefire deal, citing continued fire in Lebanon.
EPA chief Lee Zeldin tells climate skeptics to "celebrate vindication"
The head of the Environmental Protection Agency on Wednesday defended his decision to repeal the legal determination that serves as the basis for federal rules to slow climate change.
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Exclusive
2 more drug companies to officially launch on TrumpRx
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Social media driving teens toward steroids, extreme body transformations
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
Scientist with rare ALS genetic mutation looks to experimental treatment
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
New ALS treatment brings hope to patients
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
He thought he was in good health — until fainting during a bike ride
John Cantrell was enjoying his retirement until an unexpected condition forced him to choose between two kinds of heart surgery.
World
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Judge postpones termination of TPS for Ethiopians in U.S.
It's the latest setback for the Trump administration on the issue, which has sought to terminate the TPS designation for 13 countries as part of the president's crackdown on immigration.
Vance says U.S. "never indicated" Lebanon would be included in ceasefire deal
The Iranian Parliament speaker claimed the U.S. is violating three parts of a ceasefire deal, citing continued fire in Lebanon.
Police dog named Hulk sniffs out record 48 tons of marijuana
"All of this was thanks to the work of the dog," said the commander of the Canine Operations Battalion. "It wasn't based on intelligence."
Kanye West's upcoming Italy gig sparks debate after U.K. denied rapper entry
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
Vance praises Hungary's Orbán, accuses EU of influencing election
Vice President JD Vance visited Hungary to show support for Prime Minister Viktor Orbán, a self-proclaimed proponent of "illiberal democracy."
Entertainment
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Kanye West's upcoming Italy gig sparks debate after U.K. denied rapper entry
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
"You, Me & Tuscany" stars talk new movie
Halle Bailey and Regé-Jean Page join "CBS Mornings" to talk about starring in the new romantic comedy "You, Me & Tuscany." The two discuss what it was like to shoot in Italy, preparing for their roles and how it's a renaissance for romantic comedies.
Extended interview: Billy Idol
Billy Idol speaks with Anthony Mason about his music career, his life, his stage persona and more.
Kanye West barred from entering U.K. after criticism over antisemitic remarks
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
Extended interview: Mumford & Sons
Marcus Mumford, Ben Lovett and Ted Dwane, members of Mumford & Sons, talk to Anthony Mason about their new album, "Prizefighter," moving forward without Winston Marshall in the band and their upcoming tour.
Technology
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Technology
Analysis finds AI will reshape 50-55% of jobs
Researchers at Boston Consulting Group estimate that AI will "reshape" between 50-55% of U.S. jobs over the next three years. They note that while AI integration will likely change the nature of the work, it doesn't necessarily mean job losses in every case. CBS News MoneyWatch reporter Megan Cerullo has more.
Anthropic claims new AI too powerful to release
Anthropic says its newest AI model, Claude Mythos, is too powerful and dangerous to be released to the public. Tech journalist Jacob Ward joins 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.
AI will affect more than half of all U.S. jobs, analysis finds
Artificial intelligence is more likely to change the nature of work than to supplant masses of workers, according to researchers.
H-1B visa program changes impact global talent
Trump administration changes to the U.S. H-1B visa program have impacted the global talent coming to the U.S. CBS News' Shanelle Kaul reports from India.
Science
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Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Artemis II astronauts speak during historic lunar mission
On Monday, the astronauts aboard the Artemis II spacecraft will loop around the Moon's far side, part of a mission pushing human beings farther from Earth than anyone has ever been. Correspondent Mark Strassmann talked with commander Reid Wiseman, pilot Victor Glover, and mission specialists Christina Koch and Jeremy Hansen as the crew was about 180,000 miles from home, preparing for their historic lunar flyby.
Artemis II crew begins "crazy first day" in space after exhilarating launch
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
CBS News studio shakes as Artemis II launches
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
What Artemis II astronauts will do in space
Former NASA astronaut Clayton Anderson joins CBS News to discuss what the Artemis II astronauts will do as they orbit the Earth after takeoff.
Crime
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Crime
Gilgo Beach serial killer admits to 8 murders
Serial killer Rex Heuermann admitted to killing eight women on Long Island over the span of 17 years, ending in 2010. He will now spend the rest of his life in prison. Tom Hanson reports.
Warehouse employee arrested for alleged arson
In Southern California, a 29-year-old man is accused of starting a massive fire at a warehouse where he worked. Jonathan Vigliotti reports.
Details on Gilgo Beach serial killer's plea
Rex Heuermann on Wednesday changed his plea to guilty for killing seven women on New York's Long Island between 1993 and 2011. The string of murders came to be known as the Gilgo Beach serial killings. CBS News' Bradley Blackburn and Caroline Polisi have more.
Jury deliberations begin in Maui doctor's trial
The jury is now deliberating in the trial of a Maui doctor accused of trying to kill his wife. CBS News correspondent Carter Evans has the details.
Police dog named Hulk sniffs out record 48 tons of marijuana
"All of this was thanks to the work of the dog," said the commander of the Canine Operations Battalion. "It wasn't based on intelligence."
Space
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NASA gears up for Artemis II crew's return to Earth
With astronauts closing out on-board tests, flight controllers are prepping for reentry and splashdown Friday.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Artemis II crew on path back to Earth after historic trip around the moon
The Artemis II crew flew farther from Earth than any humans in history as they passed over the far side of the moon on Monday night.
Artemis II astronauts find hidden Easter eggs as they close in on the moon
The NASA astronauts also sent down Easter messages Sunday while gearing up for a historic pass behind the moon Monday.
Artemis II crew take new photo of far side of the moon
The crew of NASA's Artemis II mission captured a new image of the far side of the moon, which the agency released Sunday.
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
Artemis II mission draws cultural comparisons to Apollo 8
The launch of NASA's Artemis II against the backdrop of the Iran war is drawing parallels to another moon mission in the middle of a conflict nearly 60 years ago. Marsha Barrett, associate professor at the University of Illinois Urbana-Champaign, joins to discuss.
Masih Alinejad on Iran ceasefire
The U.S., Israel and Iran have begun a fragile two-week ceasefire in the Middle East. CBS News contributor and Iranian journalist Masih Alinejad joins with analysis.
Stocks rally after ceasefire announcement
Stocks jumped and oil prices fell on Wednesday following President Trump's announcement of a two-week ceasefire in the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more.
Analysis finds AI will reshape 50-55% of jobs
Researchers at Boston Consulting Group estimate that AI will "reshape" between 50-55% of U.S. jobs over the next three years. They note that while AI integration will likely change the nature of the work, it doesn't necessarily mean job losses in every case. CBS News MoneyWatch reporter Megan Cerullo has more.
Ohio kids seek safety, security at local church
Tony Dokoupil has the story of some Akron, Ohio, boys who looked to a pastor for comfort and security.