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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War escalates, energy prices spike after Israeli strike on Iran gas field
As Iran retaliates for an Israeli strike on the South Pars gas field, one analyst warns the war is "now hitting the plumbing of the global energy system."
Gabbard, intel officials face more sharp questions on Iran war at House hearing
Director of National Intelligence Tulsi Gabbard faced another round of sharp questions about the Iran war from lawmakers on Thursday
Pete Hegseth says "largest strike package yet" coming today in Iran war
Defense Secretary Pete Hegseth said the U.S. has struck more than 7,000 targets across Iran since the war began.
ICE detainee deaths on record pace, with Afghan one of latest to die
Even after accounting for record-high detention populations, the rate of deaths per 10,000 ICE detainees was the highest in 2025 than in any year since the COVID-19 pandemic hit in 2020.
Exclusive
We visited an LA building with 89 registered hospices. Here's what we found.
Advocates said the Van Nuys building looked like an example of "clustering" — a red flag for hospice fraud.
Senate committee advances Markwayne Mullin's nomination for DHS secretary
The Senate Homeland Security and Governmental Affairs Committee advanced Sen. Markwayne Mullin's nomination to lead the Department of Homeland Security.
Over a third of TSA officers call out at 3 major U.S. airports in single day
"The morale is getting worse by the day because no one knows when this is gonna end," said Cameron Cochems, a lead TSA officer in Boise, Idaho.
Surging U.S. gas prices could erase bigger tax refunds, analysis finds
Stanford economists estimate that the typical U.S. household will spend an additional $740 on gas this year because of the jump in global oil prices.
Coast Guard investigating deaths of 2 crew members on barge off Alaska
Two tugboat crew members were killed and two others were injured in what the Coast Guard called a "confined space incident" aboard a barge in Alaska.
U.S.
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Senate committee advances Markwayne Mullin's nomination for DHS secretary
The Senate Homeland Security and Governmental Affairs Committee advanced Sen. Markwayne Mullin's nomination to lead the Department of Homeland Security.
Exclusive
We visited an LA building with 89 registered hospices. Here's what we found.
Advocates said the Van Nuys building looked like an example of "clustering" — a red flag for hospice fraud.
California spot ties U.S. temperature record for March amid heat wave
A California desert community tied the highest March temperature ever recorded in the U.S., amid a record-breaking winter heat wave in the Southwest.
ICE detainee deaths on record pace, with Afghan one of latest to die
Even after accounting for record-high detention populations, the rate of deaths per 10,000 ICE detainees was the highest in 2025 than in any year since the COVID-19 pandemic hit in 2020.
Over a third of TSA officers call out at 3 major U.S. airports in single day
"The morale is getting worse by the day because no one knows when this is gonna end," said Cameron Cochems, a lead TSA officer in Boise, Idaho.
MoneyWatch
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Surging U.S. gas prices could erase bigger tax refunds, analysis finds
Stanford economists estimate that the typical U.S. household will spend an additional $740 on gas this year because of the jump in global oil prices.
U.S. gas prices rise as oil hits $111 a barrel
A barrel of Brent crude topped $111, while the U.S. benchmark also rose as the Iran war intensifies.
Wall Street is betting on Ukraine's drone technology
Swarmer is likely to be the first of many: a Ukrainian defense startup with an American face that leans on U.S. capital to scale production for both the Ukrainian and American militaries.
Federal Reserve holds interest rates steady, citing economic uncertainty
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
How to sign up for TSA PreCheck Touchless ID and save time at airports
Travelers hoping to bypass some of the increasingly long wait times at U.S. airports can enroll in the TSA PreCheck Touchless ID program, which is now operating at 65 locations.
Politics
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Transcript: IAEA's Rafael Grossi on "Face the Nation," March 22, 2026
The following is the full transcript of the interview with International Atomic Energy Agency Director-General Rafael Grossi, a portion of which will air on "Face the Nation with Margaret Brennan" on March 22, 2026.
Senate committee advances Markwayne Mullin's nomination for DHS secretary
The Senate Homeland Security and Governmental Affairs Committee advanced Sen. Markwayne Mullin's nomination to lead the Department of Homeland Security.
Exclusive
We visited an LA building with 89 registered hospices. Here's what we found.
Advocates said the Van Nuys building looked like an example of "clustering" — a red flag for hospice fraud.
Pete Hegseth says "largest strike package yet" coming today in Iran war
Defense Secretary Pete Hegseth said the U.S. has struck more than 7,000 targets across Iran since the war began.
Epstein's longtime lawyer testifying before House Oversight Committee
A lawyer who worked closely with Jeffrey Epstein for decades before becoming an executor of his estate is being questioned Thursday by the House Oversight Committee.
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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Transcript: IAEA's Rafael Grossi on "Face the Nation," March 22, 2026
The following is the full transcript of the interview with International Atomic Energy Agency Director-General Rafael Grossi, a portion of which will air on "Face the Nation with Margaret Brennan" on March 22, 2026.
What can one of the world's happiest nations teach us about parenting?
U.S. author Jessica Joelle Alexander says Americans should consider adopting some of Denmark's "great parenting practices."
Satellite companies curb access to Mideast imagery amid Iran war
Satellite companies restrict access to images of the Middle East as the Iran war rages, with one citing concern data could be exploited "by adversarial actors."
Fugitive wanted in killing of Ecuadorian candidate arrested in Mexico
Ángel Esteban Aguilar Morales is one of the alleged ringleaders of the Ecuadorian criminal gang "Los Lobos" and one of the country's most-wanted fugitives.
NATO allies eye anti-drone systems: "You need it as soon as possible"
An expert in modern warfare says Iran is highlighting NATO failures "to adapt to the drone threat," and Poland is using lessons from Ukraine to fix that.
Entertainment
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Entertainment
AI version of Val Kilmer to star in new movie
Val Kilmer was originally set to star in "As Deep as the Grave" before he died last year, never shooting a scene of the movie. But Kilmer will still star in the film thanks to generative AI, which is artificial intelligence that can generate new content by analyzing existing content. Jo Ling Kent has more.
"Survivor" contestant talks elimination
Spoiler alert! The latest contestant eliminated from "Survivor 50: In the Hands of the Fans" joins "CBS Mornings" to discuss his surprising elimination and if he has any regrets about how he played the game.
Book excerpt: "When Caesar Was King" by David Margolick
David Margolick's biography of Sid Caesar explores how the 1950s comic reinvented the art of comedy in the new medium of television.
Demi Lovato on eating disorders, cookbook
Grammy-nominated singer and actor Demi Lovato speaks with "CBS Mornings" co-host Gayle King about her healing journey and how she found joy in cooking after her recovery from anorexia and bulimia. Lovato says food used to bring her "discomfort and fear" but she has since learned to find "freedom with food." Her new cookbook is called "One Plate at a Time."
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.
Technology
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Technology
AI version of Val Kilmer to star in new movie
Val Kilmer was originally set to star in "As Deep as the Grave" before he died last year, never shooting a scene of the movie. But Kilmer will still star in the film thanks to generative AI, which is artificial intelligence that can generate new content by analyzing existing content. Jo Ling Kent has more.
Risks of excessive screen time for adults
More than 80% of adults say they go online at least several times per day and research indicates that even adults' fully-formed brains can suffer negative consequences from excessive screen time. Dr. Sue Varma breaks down risks, tips to reduce your screen time and why adults are spending more time on screens.
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.
Inside NVIDIA's new chip
NVIDIA's GTC conference brought big crowds to Silicon Valley this week, with hundreds of companies showcasing products powered by NVIDIA's chips. Tim Werth, tech editor at Mashable, joins CBS News to discuss.
AI expert designs cancer vaccine for his dog
A tech entrepreneur in Australia, Paul Conyngham, said he used artificial intelligence to design a cancer vaccine for his dog Rosie. He joins CBS News with Páll Thordarson, director of the UNSW RNA Institute, who worked with Conyngham on the technology.
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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Crime
Joseph Duggar faces child sex abuse charges
Joseph Duggar, one of the stars of the reality show "19 Kids and Counting," has been arrested and is facing child sex abuse charges. He's accused of sexually abusing a 9-year-old girl six years ago in Florida. Tom Hanson reports.
César Chávez sexual abuse allegations
More details are emerging about the allegations of abuse against the late Cesar Chavez. CBS News' Ed O'Keefe has more.
Fugitive wanted in killing of Ecuadorian candidate arrested in Mexico
Ángel Esteban Aguilar Morales is one of the alleged ringleaders of the Ecuadorian criminal gang "Los Lobos" and one of the country's most-wanted fugitives.
Kouri Richins found guilty | "48 Hours" Podcast
Kouri Richins, Utah author and mother, was just found guilty for murder and attempted murder of her husband Eric Richins. The state accused her of killing him with a fentanyl-laced Moscow mule in 2022 after previously attempting to poison him via a sandwich on Valentine's Day. Monday evening the jury found her guilty on all counts including insurance fraud and forgery. In a special episode, "48 Hours" correspondent Natalie Morales speaks with Skye Lazaro, former defense attorney for Richins, about the significance of the outcome and the key moments in court that let up to the verdict. This episode was recorded on March 17.
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.
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
Nneka Ogwumike on WNBA contract agreement
Nneka Ogwumike, the Women's National Basketball Players Association president, is reacting to news of an agreement between her union and the WNBA to increase player salaries. Ogwumike joined CBS News 24/7 Mornings with what's next for the league.
Trump on Israel's South Pars gas field attack
President Trump appeared to distance the U.S. from Israel's decision to strike targeting Iran's South Pars gas field. CBS News contributor Courtney Kealy has more.
Hegseth on "money to kill bad guys"
Defense Secretary Pete Hegseth is responding to reports of a $200-billion request to Congress for the war in Iran. CBS News' Olivia Rinaldi reports.
AI version of Val Kilmer to star in new movie
Val Kilmer was originally set to star in "As Deep as the Grave" before he died last year, never shooting a scene of the movie. But Kilmer will still star in the film thanks to generative AI, which is artificial intelligence that can generate new content by analyzing existing content. Jo Ling Kent has more.
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Key tips for a financial spring cleaning
CBS News business analyst Jill Schlesinger breaks down some key tips as people clean before spring and as they prepare their taxes. (Sponsored by AT&T Business)