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.
Is Trump's $1.7 billion "anti-weaponization fund" legal? Experts weigh in.
The new fund to provide payouts to those who say the legal system was "weaponized" against them raised immediate questions about its legality, implementation and enforcement.
Live
Iran mulls latest U.S. proposal as Trump says war is in "final stages"
Iran says it's considering the latest U.S. peace offer, as President Trump says he's willing to wait "a couple of days" for a response.
NOAA's 2026 Atlantic hurricane season outlook announced
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
DNC releases long-awaited autopsy on 2024 election
The Democratic National Committee released a long-awaited autopsy on the 2024 election that party chair Ken Martin has kept under wraps for months.
Tennessee stops execution after failing to find vein for lethal drugs
Tennessee called off the planned execution of Tony Carruthers on Thursday, his attorney, Maria DeLiberato, told The Associated Press.
Minnesota fraud ringleader Aimee Bock gets over 40 years in prison
Aimee Bock, the convicted ringleader of the $250 million Feeding Our Future fraud scheme in Minnesota, was sentenced to more than 40 years in prison on Thursday.
Trump postponing AI executive order "because I didn't like what I was seeing"
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
Colbert hosts "The Late Show" one last time tonight as franchise ends
"The Late Show" host Stephen Colbert is marking the end of an iconic late-night franchise on CBS.
U.S.-bound flight diverted over passenger from Congo amid Ebola restrictions
An Air France flight from Paris to Detroit was forced to divert to Montreal due to U.S. flight restrictions linked to the Ebola outbreak.
U.S.
More U.S.
7th and 8th judges rebuff Justice Dept.'s attempts to get voter rolls from states
The Justice Department has sued 30 states and Washington, D.C., in an effort to gain access to their complete voter registration lists.
"Arc de Trump" design plan approved, without lions on the base
The commissioners, all appointed by Trump, acted despite overwhelming public opposition to the 250-foot arch.
Tennessee stops execution after failing to find vein for lethal drugs
Tennessee called off the planned execution of Tony Carruthers on Thursday, his attorney said.
Trump postponing AI executive order "because I didn't like what I was seeing"
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
NASCAR star Kyle Busch hospitalized with severe illness, family says
Two-time NASCAR Cup Series champion Kyle Busch has been hospitalized with a severe illness and won't compete at Charlotte Motor Speedway this weekend, his family said.
MoneyWatch
More MoneyWatch
Summer air travel could be rough. Here's how travelers can prepare.
A new report finds that on-time flight arrivals are at their worst level since 2014, with fuel costs and weather adding to summer travel risks.
Record 274 climbers scale Nepal's side of Mount Everest in single day
A record 274 climbers scaled the Nepal side of Mount Everest in a single day, officials said. They took advantage of clear weather.
World Cup expected to generate more in sports bets than the Super Bowl
Americans are expected to wager more than $3 billion amid the expansion of legalized sports betting in the U.S.
These are retirees' 5 biggest financial fears
Retirees say inflation, health care costs and market volatility are threatening their financial security.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
Politics
More Politics
7th and 8th judges rebuff Justice Dept.'s attempts to get voter rolls from states
The Justice Department has sued 30 states and Washington, D.C., in an effort to gain access to their complete voter registration lists.
Congress delays reconciliation votes amid GOP opposition to new DOJ fund
The House and Senate will both leave Washington for their Memorial Day recess without voting on a reconciliation package to fund federal immigration agencies.
Trump postponing AI executive order "because I didn't like what I was seeing"
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
DNC releases long-awaited autopsy on 2024 election
The Democratic National Committee released a long-awaited autopsy on the 2024 election that party chair Ken Martin has kept under wraps for months.
Exclusive
DOJ onboards largest-ever class of immigration judges in deportation push
The additions come after the ouster of dozens of immigration judges across the country by the Trump administration over the past year.
HealthWatch
More HealthWatch
U.S. doctor with Ebola feared he "wasn't going to make it" before evacuation
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
Is "fibermaxxing" good for your health?
Health and fitness influencers are pushing people to consume more fiber. Keri Glassman, Nutritious Life founder and CEO, joins with her take.
Vanessa Trump announces cancer diagnosis
Vanessa Trump announced on Instagram that she has been diagnosed with breast cancer and is working with her doctors on a treatment plan.
Noah Wyle's push to help healthcare workers
Noah Wyle, who stars in HBO's "The Pitt," joins "CBS Mornings" with Dr. Elisabeth Potter to discuss their push to improve mental health and quality of life for healthcare workers.
Deadly measles outbreak in Bangladesh fuels concern over risks for U.S.
A CBS News medical correspondent and doctor says her "biggest concern for the World Cup is actually measles. It's not hantavirus, it is not Ebola."
World
More World
U.S. doctor with Ebola feared he "wasn't going to make it" before evacuation
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
Divers killed in Maldives cave may have taken wrong tunnel: "No way out"
Finnish divers found the Italians in a corridor with a dead end inside the cave complex, Italy's la Repubblica daily reported.
Ukraine ups security as Russia holds nuclear strike drills with Belarus
Russia says "nuclear munitions" sent to Belarus for joint drills in the country that Moscow used as a launchpad for its 2022 invasion of Ukraine.
Record 274 climbers scale Nepal's side of Mount Everest in single day
A record 274 climbers scaled the Nepal side of Mount Everest in a single day, officials said. They took advantage of clear weather.
Live
Iran mulls latest U.S. proposal as Trump says war is in "final stages"
Iran says it's considering the latest U.S. peace offer, as President Trump says he's willing to wait "a couple of days" for a response.
Entertainment
More Entertainment
"Survivor 50" finalists discuss strategy, how they planned to win
Aubry won the record $2 million prize for earning 8-of-11 votes in Wednesday night's finale of "Survivor 50."
"Survivor 50" players on game strategies
"Survivor" host Jeff Probst joins Gayle King and the top five contestants from "Survivor 50" after the jury crowned a winner in the legendary game.
Survivor 50 winner describes show experience
(Warning: spoiler alert!) The "Survivor 50" final five contestants join Gayle King to discuss the season finale.
"Survivor 50" winner crowned
(Warning: spoilers ahead!) The "Survivor 50" winner has been crowned after a monumental season featuring some of the best in the game. Gayle King breaks down the wild finale.
"Peanuts" music owner sues U.S. government over use of iconic songs
Lee Mendelson Film Productions alleges the U.S. Department of the Interior illegally used the jazzy tunes in social media posts and a video game.
Technology
More Technology
Trump postponing AI executive order "because I didn't like what I was seeing"
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
Meta's massive layoffs
Meta is cutting thousands of jobs as the company invests in artificial intelligence. Business Insider's Hugh Langley joins CBS News with more details.
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.
What Nvidia's Q1 earnings say about AI race
Cementing its status as the world's most valuable company, Nvidia reported record revenue in its latest earnings report. Britney Nguyen, Nvidia and chips reporter at MarketWatch, joins with analysis.
Google announces AI-focused search bar revamp
Artificial intelligence is prompting Google to change its iconic search bar for the first time in more than 25 years. Mashable tech editor Tim Werth joins CBS News to discuss.
Science
More Science
NOAA's 2026 Atlantic hurricane season outlook announced
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
El Niño could bring "double whammy" of high tide flooding, NOAA warns
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
New dinosaur weighing as much as 9 elephants identified by scientists
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
Crime
More Crime
Tennessee stops execution after failing to find vein for lethal drugs
Tennessee called off the planned execution of Tony Carruthers on Thursday, his attorney said.
Charges dismissed for ex-official at school where 6-year-old shot teacher
A judge has dismissed all charges against a former school administrator accused of ignoring warnings about a 6-year-old with a gun.
Arrest made in Connecticut 40 years after woman's murder in Virginia
The body of 22-year-old Roberta Walls was found in a field in Virginia Beach on the morning of May 15, 1986.
TikTok star charged in alleged murder plot
A TikTok star and her father were charged for allegedly plotting to kill the father of her daughter, boy band singer Jack Avery, by paying in bitcoin and using the dark web and coded messages. Jonathan Vigliotti has the details.
Feeding Our Future fraud ringleader Aimee Bock sentenced to 41+ years
Aimee Bock, the convicted ringleader of the $250 million Feeding Our Future fraud scheme in Minnesota, was sentenced to more than 40 years in prison on Thursday.
Space
More Space
SpaceX ready to launch more powerful Super Heavy-Starship
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
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
DNC releases 2024 election autopsy
The Democratic National Committee has released a long-awaited "autopsy" report on the 2024 presidential election. CBS News' Fin Gómez reports.
Rosa María Payá on Raúl Castro indictment
Cuban human rights activist Rosa María Payá joins CBS News 24/7 with her reaction to this week's indictment of Raúl Castro and what comes next for Cuba.
Trump postpones AI cybersecurity order
President Trump on Thursday said he was postponing the signing of an executive order on artificial intelligence cybersecurity. CBS News senior White House correspondent Weijia Jiang reports.
Trump on SCOTUS birthright citizenship case
President Trump spoke to reporters in the Oval Office on Thursday and blasted the Supreme Court over its decision on his tariff policy. This comes as Americans await a massive ruling on Mr. Trump's bid to end birthright citizenship. CBS News' Aaron Navarro reports.
Supreme Court dismisses death penalty case
The Supreme Court dismissed a case on the death penalty eligibility for inmates with intellectual disabilities. CBS News' Jan Crawford reports.