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.
Trump imposes 10% tariffs on all countries after SCOTUS struck down earlier tariffs
President Trump's order imposing 10% tariffs came just hours after the Supreme Court struck down a different set of sweeping global tariffs.
Trump lashes out at his own Supreme Court picks over tariff ruling
President Trump said he was "ashamed of certain members of the court" after the Supreme Court struck down most of his tariffs.
First on CBS
Amex laments Epstein ties as files reveal hundreds of travel bookings
American Express tells CBS News it regrets having had Jeffrey Epstein as a client, as files reveal he used the company to book travel for multiple women or girls.
Who's weighing in as Trump considers military strikes on Iran?
President Trump says he's considering limited strikes against Iran as negotiations over its nuclear program are underway. Here are some of the figures talking with him about the decision.
No charges for Labor secretary's husband after being banned from building
Labor Secretary Lori Chavez-DeRemer's husband was banned from the Labor Department building after agency employees alleged he had touched them inappropriately, sources said.
Trump admin. fires top prosecutor in Eastern Virginia hours after he was hired by judges
The Trump administration fired an interim top prosecutor in Eastern Virginia almost immediately after he was hired by a panel of judges, deepening the conflict between the DOJ and the judiciary in that region.
U.S. men's hockey team beats Slovakia, will face Canada in gold medal game
The U.S. men's hockey team will face Canada on Sunday for the gold medal. The U.S. men have not won gold in the Olympics since the "Miracle on Ice" team in 1980.
Will Americans get refunds after Trump's tariffs were overturned by the Supreme Court?
While the Supreme Court struck down the Trump administration's emergency tariffs, experts said it could take years for businesses to get refunds.
Car-ramming at power substation near Las Vegas investigated as possible terrorism
The driver of the vehicle, a 23-year-old man from Albany, New York, had been reported missing and died of a self-inflicted gunshot wound, police said.
U.S.
More U.S.
House Speaker denies request for Jesse Jackson to lie in honor at Capitol
House Speaker Mike Johnson's office has denied a request to have the late Rev. Jesse Jackson lie in honor in the U.S. Capitol Rotunda due to past precedent.
Court clears way for Louisiana law requiring public schools display Ten Commandments
The 5th Circuit Court of Appeals has cleared the way for a Louisiana law requiring poster-sized displays of the Ten Commandments in public classrooms to take effect.
Judge who held DOJ lawyer in contempt blasts handling of immigration cases
A federal judge who took the extraordinary step of holding a government lawyer in contempt of court earlier this week blasted the Justice Department for its handling of immigration cases on Friday.
Barry Manilow cancels more concerts amid recovery after cancer surgery
Barry Manilow announced Friday he needs to reschedule several more concerts as he continues to recover following surgery after he was diagnosed with lung cancer.
"Jersey Shore" star Nicole "Snooki" Polizzi reveals she has cervical cancer
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
MoneyWatch
More MoneyWatch
Trump imposes 10% tariffs on all countries after SCOTUS struck down earlier tariffs
President Trump signed an order that will impose 10% tariffs on imports from all countries, just hours after the Supreme Court struck down a different set of sweeping global tariffs.
Will Americans get refunds after Trump's tariffs were overturned by the Supreme Court?
While the Supreme Court struck down the Trump administration's emergency tariffs, experts said it could take years for businesses to get refunds.
Fried rice sold at Trader Joe's recalled over possible glass contamination
The recall involves 3.4 million pounds of frozen chicken fried rice products shipped to Trader Joe's locations nationwide and to retailers in Canada.
The latest GDP data isn't as bad as it looks. Here's what to know.
A simple reason explains why U.S. economic growth seemed to hit a wall in the final three months of the year.
Walmart and other big companies say tariffs are forcing them to hike prices
Large U.S. retailers say the Trump administration tariffs are forcing them to hike customer prices to offset higher costs.
Politics
More Politics
House Speaker denies request for Jesse Jackson to lie in honor at Capitol
House Speaker Mike Johnson's office has denied a request to have the late Rev. Jesse Jackson lie in honor in the U.S. Capitol Rotunda due to past precedent.
Trump admin. fires top prosecutor in Eastern Virginia hours after he was hired by judges
The Trump administration fired an interim top prosecutor in Eastern Virginia almost immediately after he was hired by a panel of judges, deepening the conflict between the DOJ and the judiciary in that region.
Court clears way for Louisiana law requiring public schools display Ten Commandments
The 5th Circuit Court of Appeals has cleared the way for a Louisiana law requiring poster-sized displays of the Ten Commandments in public classrooms to take effect.
Judge who held DOJ lawyer in contempt blasts handling of immigration cases
A federal judge who took the extraordinary step of holding a government lawyer in contempt of court earlier this week blasted the Justice Department for its handling of immigration cases on Friday.
Trump imposes 10% tariffs on all countries after SCOTUS struck down earlier tariffs
President Trump signed an order that will impose 10% tariffs on imports from all countries, just hours after the Supreme Court struck down a different set of sweeping global tariffs.
HealthWatch
More HealthWatch
Federal tax dollars subsidize health care plans in ways you may not realize
Critics have questioned why the federal government should underwrite coverage costs for people with ACA health plans — but almost all health insurance in the U.S. comes with some federal help.
NIH's Jay Bhattacharya will also serve as acting CDC director
The Centers for Disease Control and Prevention hasn't had a Senate confirmed director since last summer, and that official was in the job for less than a month.
Moderna says FDA to review its flu vaccine after reversing course
With the reversal from the FDA, Moderna said it is aiming to make the vaccine available for the 2026-27 flu season.
FDA investigating Salmonella outbreak connected to moringa powder
Rosabella-brand moringa capsules could be linked to Salmonella cases in seven U.S. states, health officials said.
Measles cases at university in Florida soar to nearly 60
Twenty one states in the U.S. have confirmed cases of measles.
World
More World
Top-ranked Canadian women upset by Sweden in curling semifinals
Sweden, which has won the women's curling competition three times since curling returned to the Olympic program in 1998, beat Canada 6-3.
U.S. men's hockey team crushes Slovakia, will face Canada in gold medal game
The U.S. men's hockey team will face Canada on Sunday for the gold medal. The U.S. men have not won gold in the Olympics since the "Miracle on Ice" team in 1980.
Olympic gold medalist Alysa Liu's advice for aspiring figure skaters
Alysa Liu stunned the skating world by retiring at age 16. Two years later, she returned to the ice, and now she's won gold at the Winter Olympics.
Who's weighing in as Trump considers military strikes on Iran?
President Trump says he's considering limited strikes against Iran as negotiations over its nuclear program are underway. Here are some of the figures talking with him about the decision.
How advanced is Iran's nuclear program? Here's what we know.
President Trump is pressuring Iran to either curtail its nuclear program or face military strikes, after Iran amassed a large stockpile of highly enriched uranium. Here's what to know.
Entertainment
More Entertainment
Barry Manilow cancels more concerts amid recovery after cancer surgery
Barry Manilow announced Friday he needs to reschedule several more concerts as he continues to recover following surgery after he was diagnosed with lung cancer.
"Jersey Shore" star Nicole "Snooki" Polizzi reveals she has cervical cancer
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
Mike White reflects on playing "Survivor"
"Survivor" returns next week for its 50th season and features fan favorite contestants, including "The White Lotus" creator Mike White. He reflects on his time on the reality competition show, saying, "everybody in my business wants the Oscar. It's like you losers like I wanna win Survivor."
"America's Next Top Model" winner describes "horrifying" docuseries allegations
"America's Next Top Model" winner Eva Marcille tells "CBS Mornings" that she "was gobsmacked" after watching behind-the-scenes moments from the reality competition show.
Hilary Duff on her return to music
Millennial icon Hilary Duff is out with new music for the first time in more than a decade. She spoke to Anthony Mason about her return to performing, the decision to open up about relationships in her music and life as a mother of four.
Technology
More Technology
Technology
Social psychologist on social media addiction
One of the catalysts for the social media addiction debate was a 2024 book called "The Anxious Generation" by social psychologist Jonathan Haidt. His new book tries to help parents and kids break free from screens. Haidt joins CBS News to discuss Mark Zuckerberg, the ongoing social media addiction trial and artificial intelligence.
Judge scolds Mark Zuckerberg's team for wearing Meta glasses to trial
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
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.
Mark Zuckerberg grilled in court
Meta CEO Mark Zuckerberg took the stand at the social media addiction trial examining whether children and teens were given access to an addictive and harmful product. CBS News' Carter Evans reports.
Zuckerberg testifies at social media trial
Meta CEO Mark Zuckerberg testified Wednesday in a civil case over social media addiction allegations that skyrocketing social media use shows how people value the sites and it's not a strategy to keep users addicted. Jo Ling Kent reports.
Science
More Science
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.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
These United States: George Washington and climate change
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
Impact of climate change on Winter Olympics
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
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.
Crime
More Crime
Crime
New Mexico AG reopens Epstein ranch probe
New Mexico's attorney general has reopened an investigation into activities at a ranch once owned by convicted sex offender Jeffrey Epstein. CBS News correspondent Ian Lee has more.
Possible act of terrorism outside Las Vegas
The FBI investigated a possible act of terrorism outside of Las Vegas on Friday. This came after a driver armed with guns and explosives attempted to ram his car into a power facility not far from the Hoover Dam. CBS News correspondent Carter Evans has more.
Nancy Guthrie investigators turn to genetic genealogy. It's worked in big cases before.
Investigators in the Nancy Guthrie case have turned to genetic genealogy as they try to make the most of potential DNA evidence.
Police: Nancy Guthrie case hasn't gone cold
Investigators are combing through evidence and turning to commercial genealogy companies for DNA leads in the search for Nancy Guthrie, who was reported missing on Feb. 1. CBS News' Andres Gutierrez has the latest.
Woman went on first date, never returns home
19-year-old college student Sade Robinson went on a first date in 2024 and never returned home. 48 Hours correspondent Anne-Marie Green previews "Sade Robinson and The Secret Beach."
Space
More Space
Space
Cosmologist on UFO files
President Trump has ordered the release of all government documents related to aliens, UFOs and extraterrestrial life. It comes after former President Barack Obama addressed the topic earlier this week and said aliens are real, a statement which he later modified. CBS News contributor Janna Levin has more details.
NASA targets March 6 for Artemis II moonshot
A successful fueling test prompts NASA to press ahead toward a March 6 moonshot.
New NASA boss criticizes agency over Starliner
NASA's new boss blasted both Boeing and his own space agency for the botched Starliner flight that left two astronauts stuck in space for months.
NASA's new chief rebukes Boeing, space agency over problem-plagued Starliner mission
Astronauts Barry "Butch" Wilmore and Sunita Williams were expecting to spend eight to 10 days in space. They ended up remaining in orbit for 286 days.
Artemis II moon rocket refueled in practice countdown setting stage for historic flight
Engineers were able to fully fuel NASA's Artemis II moon rocket without any signs of leaks like the ones that derailed an earlier dress rehearsal.
Latest Galleries
More Latest Galleries
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
More Latest CBS News Videos
Latest CBS News Videos
Port of Los Angeles leader on tariffs
The Port of Los Angeles, the nation's busiest port, which processes about a third of U.S. imports and exports, saw a 13% decline in January of this year, compared with the same period last year. Gene Seroka, executive director of the port, joins "The Daily Report" to discuss.
New Mexico AG reopens Epstein ranch probe
New Mexico's attorney general has reopened an investigation into activities at a ranch once owned by convicted sex offender Jeffrey Epstein. CBS News correspondent Ian Lee has more.
Bomb cyclone threatens East Coast with more winter weather
A fast-developing bomb cyclone is threatening the East Coast with yet another severe round of winter weather. CBS Boston chief meteorologist Eric Fisher has the forecast. Then, Tom Hanson has more about a violent tornado that touched down in southern Illinois.
Man's cat sanctuary naps help rescue expand impact
A retired teacher started volunteering to take care of cats at a sanctuary, but his mission quickly evolved to napping with them. Steve Hartman checks in seven years later about the viral moments have allowed them to help even more cats over the years.
White House orders release of UFO files
President Trump directed his administration to release files on UFOs and any "alien and extraterrestrial life." Mark Strassmann has details.