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.
Supreme Court strikes down Louisiana congressional map, narrowing Voting Rights Act
The Supreme Court rule 6-3 in a decision that has implications for the scope of the landmark Voting Rights Act.
Live
Trump and Iran issue fresh warnings as standoff continues
As Trump warns Iran to "get smart soon" and make a deal to end the war, an Iranian lawmaker vows Tehran will "never relinquish its control over the Strait of Hormuz."
DOJ seeks pretrial detention of shooting suspect Cole Allen, shares new photos
Cole Allen was charged Monday in federal court with three counts, including attempting to assassinate the president. The other two charges involved the use and transport of firearms.
Listen Live: Supreme Court weighs deportation protections for Syrians, Haitians
The Supreme Court is weighing the Trump administration's attempt to rescind Temporary Protected Status for 6,000 Syrian and 350,000 Haitian immigrants.
Blanche denies that Trump directed Comey prosecution: "Of course not"
A grand jury on Tuesday issued the indictment against Comey, alleging that an Instagram post that said "86 47" in seashells was a threat to assassinate Mr. Trump.
Investigation
How a company likened to a sex cult is lobbying Trump for pardons
OneTaste, a company in San Francisco that prosecutors likened to a sex cult, has embarked on a campaign to court allies of President Trump as it seeks pardons for its two convicted leaders, CBS News has learned.
King Charles toasts U.S.-U.K. alliance in state dinner, after rare address to Congress
King Charles attended a state dinner at the White House, after speaking about what he called the "truly unique" relationship between the U.K. and the U.S.
London mayor laments "shocking antisemitic attacks" as 2 hurt in stabbing
London's mayor says police will increase patrols after an "appalling attack on two Jewish Londoners," amid a "series of shocking antisemitic attacks" in the city.
College students' killings latest case to rely on ChatGPT as evidence
OpenAI boss Sam Altman recently apologized after a teen who went on to kill eight people was banned from ChatGPT for violent activities but police were never alerted.
U.S.
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Bondi to testify in House panel's Epstein probe as Democrats threaten contempt
The deposition was announced moments after Democrats said they filed a civil contempt resolution against Bondi.
Supreme Court strikes down Louisiana congressional map, narrowing Voting Rights Act
The Supreme Court rule 6-3 in a decision that has implications for the scope of the landmark Voting Rights Act.
DOJ seeks pretrial detention of shooting suspect Cole Allen, shares new photos
Cole Allen was charged Monday in federal court with three counts, including attempting to assassinate the president. The other two charges involved the use and transport of firearms.
Senate Banking Committee advances Kevin Warsh's nomination for Fed chair
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
Listen Live: Supreme Court weighs deportation protections for Syrians, Haitians
The Supreme Court is weighing the Trump administration's attempt to rescind Temporary Protected Status for 6,000 Syrian and 350,000 Haitian immigrants.
MoneyWatch
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Senate Banking Committee advances Kevin Warsh's nomination for Fed chair
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
Man takes sister's exhumed body to bank in bid to get to her money
An Indian man dug up his sister's body and carried it to a bank branch to prove she was dead after being refused access to her account without a death certificate, the lender says.
Feds have rejected 15% of businesses' tariff refund claims
But after some early hiccups, the U.S. government's hub for businesses seeking tariff refunds is running smoothly, an expert says.
FCC orders Disney to file for early license renewal after Kimmel clash
The regulatory agency issued the order after President Trump and first lady Melania Trump urged ABC to fire late-night host Jimmy Kimmel.
American Airlines tightens rules for portable chargers amid fire concerns
American Airlines is imposing new rules on portable chargers that passengers can bring on flights. Here's what to know.
Politics
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Bondi to testify in House panel's Epstein probe as Democrats threaten contempt
The deposition was announced moments after Democrats said they filed a civil contempt resolution against Bondi.
Supreme Court strikes down Louisiana congressional map, narrowing Voting Rights Act
The Supreme Court rule 6-3 in a decision that has implications for the scope of the landmark Voting Rights Act.
DOJ seeks pretrial detention of shooting suspect Cole Allen, shares new photos
Cole Allen was charged Monday in federal court with three counts, including attempting to assassinate the president. The other two charges involved the use and transport of firearms.
Senate Banking Committee advances Kevin Warsh's nomination for Fed chair
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
Blanche denies that Trump directed Comey prosecution: "Of course not"
A grand jury on Tuesday issued the indictment against Comey, alleging that an Instagram post that said "86 47" in seashells was a threat to assassinate Mr. Trump.
HealthWatch
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Beyond crisis lines: How broader suicide prevention helps people in need
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
Big companies position themselves for payday from $50B federal rural health fund
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
A 13-year-old's kidney was failing. Then a stranger stepped in.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
Ben Sasse is on extended time. He credits "providence, prayer and a miracle drug."
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Exclusive
Johnson & Johnson to launch on TrumpRx with 4 of its prescription drugs
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
World
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U.S. captures alleged drug kingpin with $10 million bounty on his head
Eugenio Molina-Lopez is accused of heading up a gang that allegedly trafficked U.S.-bound cocaine from South America to Mexican cartels.
U.S. envoy in Ukraine to step down, but officials say no dispute with Trump
Acting U.S. Ambassador to Ukraine Julie Davis is stepping down, but officials deny reports that it follows disagreements with President Trump
London mayor laments "shocking antisemitic attacks" as 2 hurt in stabbing
London's mayor says police will increase patrols after an "appalling attack on two Jewish Londoners," amid a "series of shocking antisemitic attacks" in the city.
Tourist dies after being bitten at snake-charming show in Egypt
A snake, reported to be a cobra, crawled into the victim's pants and bit him as he watched a show, police said.
Live
Trump and Iran issue fresh warnings as standoff continues
As Trump warns Iran to "get smart soon" and make a deal to end the war, an Iranian lawmaker vows Tehran will "never relinquish its control over the Strait of Hormuz."
Entertainment
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Entertainment
Reshaping the conversation about aging
Constance Zimmer, who co-hosts the podcast "Talk 50 to Me," talks about reframing the conversation among women about aging. The podcast features interviews with women in their 50s, talking about the realities of midlife.
FCC orders review of ABC broadcast licenses
The FCC has ordered an early review of the broadcast licenses for eight local stations owned by ABC. The move comes after President Trump and first lady Melania Trump demanded ABC fire late-night host Jimmy Kimmel. Ed O'Keefe reports.
FCC reviewing ABC licenses amid Kimmel feud
The Federal Communications Commission says it wants the Walt Disney Company to file for early license renewal for its television stations. The announcement comes one day after President Trump and the first lady called on ABC to fire late-night host Jimmy Kimmel. CBS News legal contributor Rebecca Roiphe joins with analysis.
FCC reviewing Disney licenses over DEI practices
One day after President Trump called on ABC to fire late-night host Jimmy Kimmel, the FCC said it will begin reviewing eight broadcasting licenses owned or managed by Disney due to the company's diversity policies. CBS News senior White House and political correspondent Ed O'Keefe has the latest.
Justin Hartley gives "Tracker" preview
"Tracker" star Justin Hartley reveals how he feels about the upcoming finale of the third season of the show. He also discusses his wife making appearances in the series and the best advice he's received in the industry.
Technology
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Technology
Legal battle between Elon Musk and Sam Altman
Elon Musk took the stand Tuesday in a trial against fellow billionaire Sam Altman that could change the future of AI. Musk accused the OpenAI co-founder of lying and stealing, adding that he has "extreme concerns" about AI and who controls it.
College students' killings latest case to rely on ChatGPT as evidence
OpenAI boss Sam Altman recently apologized after a teen who went on to kill eight people was banned from ChatGPT for violent activities but police were never alerted.
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.
Elon Musk testifies in OpenAI trial
Opening statements began on Tuesday in Tesla CEO Elon Musk's lawsuit against OpenAI co-founder Sam Altman. Maxwell Zeff, senior writer at Wired, joins with more.
Jury selection begins in Musk-Altman legal battle
Jury selection began Monday in the legal battle between tech leaders Elon Musk and Sam Altman. CBS News senior business and technology correspondent Jo Ling Kent has the latest.
Science
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Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
From 1990: NASA launches Hubble Telescope
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
Crime
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Crime
Secret Service protocols at D.C. dinner
Robert McDonald, a retired supervisory agent at the U.S. Secret Service, joins CBS News with his take on the security protocols during the White House Correspondents' Dinner.
James Comey reacts to second indictment
Former FBI Director James Comey is facing a second Justice Department indictment. CBS News' Katrina Kaufman has more.
U.S. captures alleged drug kingpin with $10 million bounty on his head
Eugenio Molina-Lopez is accused of heading up a gang that allegedly trafficked U.S.-bound cocaine from South America to Mexican cartels.
College students' killings latest case to rely on ChatGPT as evidence
OpenAI boss Sam Altman recently apologized after a teen who went on to kill eight people was banned from ChatGPT for violent activities but police were never alerted.
London mayor laments "shocking antisemitic attacks" as 2 hurt in stabbing
London's mayor says police will increase patrols after an "appalling attack on two Jewish Londoners," amid a "series of shocking antisemitic attacks" in the city.
Space
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Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
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
Tornado slams parts of Texas
A powerful tornado tore through parts of North Texas. CBS News' Jason Allen reports.
Secret Service protocols at D.C. dinner
Robert McDonald, a retired supervisory agent at the U.S. Secret Service, joins CBS News with his take on the security protocols during the White House Correspondents' Dinner.
Top issues at California Governor's Debate
Republican and Democratic candidates in the California gubernatorial race took part in a debate hosted by CBS. Fin Gómez reports.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Reshaping the conversation about aging
Constance Zimmer, who co-hosts the podcast "Talk 50 to Me," talks about reframing the conversation among women about aging. The podcast features interviews with women in their 50s, talking about the realities of midlife.