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.
Chapter 11 Bankruptcy
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.
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.
"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.
Justice Department seeks independent probe of FTX's meltdown
DOJ officials want to investigate "allegations of fraud, dishonesty, incompetence, misconduct and mismanagement."
Sam Bankman-Fried: "I've had a bad month"
Bankman-Fried, who was once worth $26.5 billion, said he had one working credit card and $100,000 left in a bank account.
$740 million in crypto assets recovered in FTX bankruptcy
Recouped funds are a fraction of the billions of dollars thought to have gone missing from the exchange's coffers.
FTX had "substantial amount" of assets stolen
Some of those assets are believed to have been seized by government officials in Bahamas, where company is based.
Bankrupt FTX Trading owes creditors more than $3 billion
Bankruptcy court documents offer a glimpse of just how much the Bahamas-based crypto exchange is in debt.
Tom Brady, Gisele Bundchen among those sued after FTX collapse
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
FTX's new CEO: Company suffered a "complete failure"
Bankrupt crypto exchange plagued by "complete absence of trustworthy financial information," CEO John Ray III said.
Sam Bankman-Fried tweets he'll explain "what happened" with FTX
The former FTX CEO tweeted a series of cryptic comments, adding that his "memory might be faulty in parts."
Customers of bankrupt FTX may never get their crypto back
"People are going to be waiting on the sidelines for a very long time," said one law professor of the exchange's account holders.
FTX Trading meltdown: What you should know
One of the world's most prominent cryptocurrency exchanges suddenly crashed and burned. Here's what happened.
Sam Bankman-Fried's crypto exchange FTX files for bankruptcy
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
In a flash, FTX Trading goes from crypto boom to bust
World's third-largest cryptocurrency exchange spent big on Super Bowl ads and stadium names. Now it's trying to survive.
Johnson & Johnson talc powder spinoff files for bankruptcy
Women have filed thousands of lawsuits against J&J, claiming its talcum powder caused ovarian cancers. Billions are now at stake.
Bankrupt companies gave bonuses to top execs before going belly up
42 companies awarded millions in "retention" bonuses in the days leading up to their bankruptcies last year, the GAO reports.
Friendly's files for bankruptcy
Iconic chain known for its ice cream will sell most of its assets to an investor group and restaurant operator.
Brooks Brothers finds suitors in $325 million sale
At least 125 of the iconic clothier's retail locations will remain open as part of the deal.
Ann Taylor and Lane Bryant stores are now bankrupt
Ascena Retail Group to close all its Catherines stores along with some Lane Bryant, Loft and Ann Taylor locations.
Bankruptcies surging as coronavirus levels U.S. economy
Corporate filings for Chapter 11 shot up 26% during the first six months of 2020 compared with the year-ago period.
Hertz files for bankruptcy protection
By the end of March, Hertz Global Holdings Inc. had racked up $18.7 billion in debt with only $1 billion of available cash.
Latest News
Police "strongly believe" Nashville school shooter had other targets, including local mall
"We strongly believe there was going to be some other targets, including maybe family members, and one of the malls here in Nashville," said Nashville Police Chief John Drake.
Police release video showing Nashville shooter inside the school
Footage shows the shooter roaming through a school corridor holding a gun and walking into a room labeled "church office," then coming back out.
Dozens killed by fire at migrant detention center in Mexican border city
The fire broke out overnight in the facility in Ciudad Juarez, right on the U.S. border.
Manhattan grand jury probing Trump "hush money" hears from key witness
Grand jurors investigating the former president's role in a "hush money" payment are meeting Monday, according to sources familiar with the matter.
Nashville school shooting was apparently a targeted attack, police say
Three 9-year-old students and three staffers were killed in the rampage at The Covenant School, a private Christian grade school. Police say they shot and killed the shooter.
U.S. investigates Tesla over loose seat belts
Federal regulators are examining the electric car maker's manufacturing after two reports of seat-belt defects.
Two fishermen caught cheating at Ohio tournament plead guilty
Two men accused of stuffing fish with lead weights and fish fillets to try to win an Ohio fishing tournament last fall have pleaded guilty to charges including cheating.
"Lust languages" can help you connect with your partner, experts say
"Lust languages" are a way of understanding and communicating with your partner. Here's why experts say it can benefit couples to explore.
New York to pay $5.5 million to man wrongfully convicted of raping Alice Sebold
Anthony Broadwater was exonerated in 2021. He had previously spent 16 years in prison for the wrongful conviction.
U.S.
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Sea levels are rising. Here's how some communities are adapting.
Thirty percent of Americans live in a community near a coastline. While those people don't have the power to unilaterally solve the underlying problem of climate change, some communities are now grappling with how to adapt.
Police "strongly believe" Nashville school shooter had other targets, including local mall
"We strongly believe there was going to be some other targets, including maybe family members, and one of the malls here in Nashville," said Nashville Police Chief John Drake.
New York to pay $5.5 million to man wrongfully convicted of raping writer Alice Sebold
Anthony Broadwater was exonerated in 2021. He had previously spent 16 years in prison for the wrongful conviction.
Biden admin warns of $35 billion shortfall for health emergency stockpile
Officials say needs have grown to sustain a pipeline of medical products stockpiled for public health threats.
Nashville community reels after shooting: "School is supposed to be a safe haven"
Authorities identified the victims as 9-year-olds Evelyn Dieckhaus, Hallie Scruggs and William Kinney, as well as 61-year-old Cynthia Peak, 60-year-old Katherine Koonce and 61-year-old Mike Hill.
MoneyWatch
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U.S. investigates Tesla over loose seat belts
Federal regulators are examining the electric car maker's manufacturing after two reports of seat-belt defects.
California lawmakers approve nation's first penalty for gas price gouging
The Democratic-led state Legislature voted to give regulators the power to punish oil companies profiting from the type of high gas prices suffered by Californians last summer.
Covering collapse of SVB could cost $20 billion, FDIC chair to tell Congress
About $18 billion was needed to cover uninsured deposits, according to FDIC Chairman Martin Gruenberg.
Murdaugh estate sells for $3.9 million. Here's who will get the money.
Moselle, the 1,700-acre hunting lodge where Paul and Maggie Murdaugh were killed, was sold recently, records show.
Home renovation projects will be more expensive this year
Americans spent an estimated $567 billion on home improvements and repairs in 2022, the highest amount in a decade.
Politics
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Senate staffer stabbed over weekend suffered punctured lung, police say
Phil Todd, a staffer for Senator Rand Paul, also suffered a laceration to his left ear that police said might require reconstruction.
California lawmakers approve nation's first penalty for gas price gouging
The Democratic-led state Legislature voted to give regulators the power to punish oil companies profiting from the type of high gas prices suffered by Californians last summer.
Covering collapse of SVB could cost $20 billion, FDIC chair to tell Congress
About $18 billion was needed to cover uninsured deposits, according to FDIC Chairman Martin Gruenberg.
Biden signs order restricting government use of commercial spyware
The U.S. government will restrict its use of commercial spyware tools that have been used to surveil human rights activists, journalists and dissidents around the world.
What to know as Kamala Harris kicks off her 3-nation Africa tour
Harris opened her visit in Ghana, announcing $100 million in support for a handful of nations to address security, governance and development issues.
Health
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Biden admin warns of $35 billion shortfall for health emergency stockpile
Officials say needs have grown to sustain a pipeline of medical products stockpiled for public health threats.
Florida fire captain loses sight in one eye after using recalled eye drops
The CDC is investigating a nationwide outbreak of the antibiotic-resistant bacteria — Pseudomonas aeruginosa — which has infected 68 people in 16 states.
3 deaths linked to recalled eye drops
Three people have died from a drug-resistant bacteria linked to recalled eye drops. Manuel Bojorquez talks with one man who lost his sight following an infection.
Flesh-eating bacteria could increase with climate change
While the bacteria is common in subtropical regions, there has been an increase of infections from Vibrio vulnificus in more northern locations, like the Delaware Bay.
COVID left some with damaged immune response, study finds
Scientists found a "major reduction" in a part of T cell responses in people who were infected before being vaccinated.
World
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Taliban arrests prominent education campaigner who refused to back down
Matiullah Wesa, whose Pen Path organization worked to ensure education access for all Afghans, was detained over "his activities and high-level meetings with Westerners."
Dozens killed by fire at migrant detention center in Mexican border city
The fire broke out overnight in the facility in Ciudad Juarez, right on the U.S. border. Reports suggest most of those killed were Venezuelan.
"Facebook rapist" fakes death and escapes prison: "Like a movie"
Thabo Bester allegedly lured victims on the social media platform before raping and robbing them. At least one victim was killed.
8 arrested in nationwide counterterrorism raids in Belgium
Police say most of the suspects were planning attacks. The arrests came as suspected members of a cell that carried out the deadliest peacetime attacks in Belgium 7 years ago are on trial in Belgium.
Group of Democrats say Biden's proposed asylum restriction is illegal
The Biden administration says the number of migrants arriving at the southern border will spike to record levels unless an asylum restriction is enacted.
Entertainment
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Gwyneth Paltrow lawsuit: When skiers collide, who is at fault?
The case could hinge on who the jury believes was the "downhill" skier, according to legal experts.
Prince Harry returns to U.K. for surprise court appearance in privacy case
U.K. media outlets said Harry was not expected to see his father or his older brother William, the heir to the throne, during his visit to the U.K. this week.
Jeremy Renner shares video of him walking again after snowplow accident
Renner is seen walking slowly on an antigravity treadmill, nearly three months after the accident.
"Paint" star Owen Wilson on his "incredible" luck
As a romantic lead, action star or comic scene-stealer, Owen Wilson has carved out a varied career. In the new comedy "Paint," he plays the Bob Ross-like host of a PBS painting show.
Owen Wilson on the Bob Ross-inspired "Paint"
Owen Wilson continues to carve out a varied movie career, as a charming romantic lead, action star, and comic scene-stealer. In his latest comedy, "Paint," he plays a Bob Ross-like artist whose PBS painting show comes up against some unlikely competition. Turner Classic Movies host Ben Mankiewicz talks with the self-effacing Wilson about his career; capturing the essence of Bob Ross; and the support he feels from his actor-siblings, Luke and Andrew Wilson.
Technology
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Most bosses say they spy on remote workers — even with live video
Employee tracking tools such as keystroke monitoring software and video feeds are now the norm for remote workers.
"Godfather of artificial intelligence" weighs in on the past and potential of AI
Geoffrey Hinton, who works with Google and mentors AI's rising stars, started researching artificial intelligence over 40 years ago.
Smart home security tips for personal and cyber protection
ZDNet Editor-in-Chief Jason Hiner explains best practices for setup and success of smart home security systems.
Could canceling subscriptions be made easier?
The Federal Trade Commission has proposed a new rule that could make canceling a subscription service or product as easy as it was to sign up. Axios technology reporter Ashley Gold joined Errol Barnett and Elaine Quijano to discuss.
With Congress closer to banning TikTok, app's future is murky
The future of the popular mobile app, used by 150 million Americans, has never been more uncertain. Here's what to know.
Science
More Science
Sea levels are rising. Here's how some communities are adapting.
Thirty percent of Americans live in a community near a coastline. While those people don't have the power to unilaterally solve the underlying problem of climate change, some communities are now grappling with how to adapt.
Communities adapt to rising seas
One of the problems with sea level rise is that it happens slowly, a tiny bit each year, making it a threat that people have an easy time ignoring. But some coastal communities are realizing they have to take action. CBS News environmental correspondent David Schechter reports.
Mississippi town destroyed by tornado rampage
At least 25 people were killed as tornadoes swept through parts of Mississippi. CBS News' Lana Zak is on the ground in Rolling Fork, which was completely destroyed by the storm. She discusses the long path to recovery that still lies ahead.
Protecting the Planet: Our impact on animals
In this episode of “Protecting the Planet,” CBS News senior environmental correspondent Ben Tracy explores how animals are being affected by climate change and human-created pollution in their habitats.
Nevada lithium mine might doom rare wildflower, conservationists say
As the government inches towards a decision that could bolster electric car production, some conservationists argue extinction of the endangered plant isn't a fair price.
Crime
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Police "strongly believe" Nashville school shooter had other targets, including local mall
"We strongly believe there was going to be some other targets, including maybe family members, and one of the malls here in Nashville," said Nashville Police Chief John Drake.
New York to pay $5.5 million to man wrongfully convicted of raping writer Alice Sebold
Anthony Broadwater was exonerated in 2021. He had previously spent 16 years in prison for the wrongful conviction.
Police release video showing Nashville shooter inside the school
Footage shows the shooter roaming through a school corridor holding a gun and walking into a room labeled "church office," then coming back out.
"Facebook rapist" fakes death and escapes prison: "Like a movie"
Thabo Bester allegedly lured victims on the social media platform before raping and robbing them. At least one victim was killed.
8 arrested in nationwide counterterrorism raids in Belgium
Police say most of the suspects were planning attacks. The arrests came as suspected members of a cell that carried out the deadliest peacetime attacks in Belgium 7 years ago are on trial in Belgium.
Space
More Space
New Shepard launch abort blamed on engine nozzle failure, Blue Origin says
Blue Origin says fixes are being implemented and New Shepard sub-orbital flights will resume "soon."
3D printed rocket blasts off but fails to reach orbit on maiden flight
While the Terran 1 rocket didn't reach orbit, builder Relativity Space says it achieved major objectives.
Large asteroid to fly between Earth and the moon on Saturday
The space rock's anticipated trajectory places it at about half the distance to the moon, so people with telescopes may be able to see it from Earth.
Five planets will align across the night sky this week. Here's how to see them
Jupiter, Mercury, Venus, Uranus and Mars will align this week.
Mystery solved after strange streaks of light seen in California sky
The flaming bits of wreckage created a "spectacular light show" and were going thousands of miles per hour, an astronomer said.
Latest Galleries
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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?
Rare photos from the 1976 Chowchilla bus kidnapping
A look inside the truck trailer where 26 abducted school children and their bus driver were buried alive -- and later escaped.
World News Roundup's 85th anniversary
America's longest-running news broadcast program celebrates three-quarters of a century on the air
Young witness found herself at the scene of a crime
What Angelina Fernandes saw the night her mother was accused of murder.
The crime scene evidence that convicted Alex Murdaugh
Inside South Carolina's "trial of the century" — how investigators built their case
Latest Videos
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Latest Videos
Where to get the latest CBS Mornings Deals
On this week's edition of CBS Mornings Deals, lifestyle host, Gayle Bass, shows us items like jiggy puzzles, that might just make your day a little better. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Kyra Sedgwick makes movie directorial debut
Kyra Sedgwick joins "CBS Mornings" to discuss her feature film directorial debut, "Space Oddity," which features her husband, Kevin Bacon.
Special bond helps women with cerebral palsy
It is important for any child to have someone to look up to, but when a child is differently abled, having a role model can be vital. For our More Perfect Union series, Elaine Quijano reports on the bond between a f5-year-old girl living with the muscular disorder cerebral palsy and a fitness coach teaching her that her diagnosis doesn't have to slow her down.
Forensic psychologist on Nashville shooting
Six people were killed in a mass shooting at a school in Nashville, including three students. Forensic psychologist Jillian Peterson has spent years researching mass shootings and was president of The Violence Project. She joins "CBS Mornings" to discuss what we can learn from the Nashville shooting, and strategies that could help prevent future mass shootings.
Police chief on Nashville school shooting
Three children and three adults were killed after a shooter opened fire at a private Christian grade school in Nashville, Tennessee. John Drake, Nashville's police chief, joins "CBS Mornings" to discuss the police response and the latest on the investigation.