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.
Live
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."
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.
Comey subpoenaed in conspiracy case against ex-officials who investigated Trump
Former FBI Director James Comey has been subpoenaed by prosecutors in Miami as part of the Justice Department's investigation into Obama-era intelligence officials.
Trump brings up Pearl Harbor while meeting with Japan's prime minister
Asked why the U.S. didn't inform allies ahead of the Iran strikes, President Trump said, "Who knows better about surprise than Japan?"
Body of missing student James Gracey found in Barcelona, police say
The body of missing University of Alabama student James Gracey, who disappeared on a trip to Barcelona, has been found, Spanish officials said Thursday.
In voting process, photo ID gets wide support, CBS News poll finds
Few Americans feel they know a lot of the specifics about the SAVE Act.
Ex-FBI agents who worked on Trump 2020 election probe sue over firings
Two former FBI agents who helped investigate President Trump's efforts to overturn the 2020 presidential election results sued the federal government, alleging they were wrongfully terminated.
U.N. nuclear watchdog chief: "A lot has survived" of Iran's nuclear capabilities
In an interview with "Face the Nation with Margaret Brennan," Rafael Grossi, director general of the International Atomic Energy Agency, said there had already been damage done to Iran's nuclear sites.
"The Bachelorette" season with Taylor Frankie Paul canceled, ABC says
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after a 2023 video surfaced.
U.S.
More U.S.
In voting process, photo ID gets wide support, CBS News poll finds
Few Americans feel they know a lot of the specifics about the SAVE Act.
Mortgage rates rise as Iran war heightens U.S. inflation fears
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
"The Bachelorette" season with Taylor Frankie Paul canceled, ABC says
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
U.S. oil producers could get $63 billion boost from high crude prices
Domestic energy companies could benefit from high oil prices in the short-term, but take a hit if the Iran war drags on.
Comey subpoenaed in conspiracy case against ex-officials who investigated Trump
Former FBI Director James Comey has been subpoenaed by prosecutors in Miami as part of the Justice Department's investigation into Obama-era intelligence officials.
MoneyWatch
More MoneyWatch
Mortgage rates rise as Iran war heightens U.S. inflation fears
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
U.S. oil producers could get $63 billion boost from high crude prices
Domestic energy companies could benefit from high oil prices in the short-term, but take a hit if the Iran war drags on.
Analysts warn oil prices could keep climbing as Iran war intensifies
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
3 reasons the Federal Reserve's interest rate pause is worrying investors
Fed Chairman Jerome Powell used the phrase "we don't know" at least 14 times during his press conference. Investors are nervous.
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.
Politics
More Politics
In voting process, photo ID gets wide support, CBS News poll finds
Few Americans feel they know a lot of the specifics about the SAVE Act.
Comey subpoenaed in conspiracy case against ex-officials who investigated Trump
Former FBI Director James Comey has been subpoenaed by prosecutors in Miami as part of the Justice Department's investigation into Obama-era intelligence officials.
Senators meet with border czar as lawmakers search for way out of DHS shutdown
Thursday's meeting with Tom Homan marked a key development as progress to date has appeared stagnant.
Trump brings up Pearl Harbor while meeting with Japan's prime minister
Asked why the U.S. didn't inform allies ahead of the Iran strikes, President Trump said, "Who knows better about surprise than Japan?"
U.N. nuclear watchdog chief: "A lot has survived" of Iran's nuclear capabilities
In an interview with "Face the Nation with Margaret Brennan," Rafael Grossi, director general of the International Atomic Energy Agency, said there had already been damage done to Iran's nuclear sites.
HealthWatch
More HealthWatch
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
More World
Trump brings up Pearl Harbor while meeting with Japan's prime minister
Asked why the U.S. didn't inform allies ahead of the Iran strikes, President Trump said, "Who knows better about surprise than Japan?"
Iran hangs 3, including teen wrestler, in first executions over Jan. protests
Two sources confirmed to CBS News that Saleh Mohammadi, a young member of Iran's national wrestling team, was among the three men executed in Iran.
Divers find marble treasure possibly taken from Parthenon at Aegean shipwreck
Excavations at the site of the 1802 Mentor shipwreck uncovered a marble fragment that may have ties to the Parthenon in Ancient Greece, officials say.
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."
Entertainment
More Entertainment
Entertainment
Steve Hartman on filming "All the Empty Rooms"
Unmade beds and overdue books. That's some of what CBS News correspondent Steve Hartman found in his Oscar-winning documentary "All the Empty Rooms," which looks at the bedrooms of children killed in school shootings. Hartman joins "The Takeout" to discuss the making of the film.
"The Bachelorette" season with Taylor Frankie Paul canceled, ABC says
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
Alessia Cara on new album
Grammy winner Alessia Cara is debuting a new album 10 years into her music career. Cara joined CBS News with details on her latest collaborations.
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.
Technology
More Technology
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
More Science
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
More Crime
Crime
Steve Hartman on filming "All the Empty Rooms"
Unmade beds and overdue books. That's some of what CBS News correspondent Steve Hartman found in his Oscar-winning documentary "All the Empty Rooms," which looks at the bedrooms of children killed in school shootings. Hartman joins "The Takeout" to discuss the making of the film.
New photos in Michigan synagogue attack
Temple Israel in West Bloomfield Township, Michigan, has shared new images of the damage from last week's attack at the synagogue. A photo has also emerged of the attacker holding an AR-style rifle. CBS News' Anna Schecter has the latest.
Photo of Michigan synagogue attacker shows him with AR-style rifle
The man who attacked a synagogue in Michigan last week sent a photo of himself with the AR-style rifle he had during the attack to a family member in Lebanon, according to a U.S. official.
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.
Space
More Space
Repaired moon rocket heads back to launch pad for April 1 blastoff
After an overnight Thursday trip back out to the launch pad, NASA's Artemis II rocket will be readied for a historic flight to the moon.
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.
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
Democrats walk out of Epstein briefing
Democrats on the House Oversight Committee walked out of a briefing with Attorney General Pam Bondi about convicted sex offender Jeffrey Epstein on Wednesday night, claiming Bondi refused to commit to follow a subpoena that GOP Chairman James Comer issued. Bondi later told reporters that she would "follow the law," and Comer called the walkout "premeditated." Watch what all sides had to say on the incident.
Iran hangs 3 people over January protests
Iran has executed three men accused of killing two police officers during protests in January, including 19-year-old Saleh Mohammadi, a member of Iran's wrestling team. Rights groups said the trio were executed without a fair trial and had given confessions under torture. CBS News contributor and Iranian activist Masih Alinejad shares her reaction.
3/19: The Takeout with Major Garrett
Israel strikes a key Iranian natural gas field; Pentagon asking for an additional $200 billion for the Iran war, the Washington Post reports.
Two superfans transform LIU basketball home games
Two old high school pals went looking for a local New York school to root for during college basketball season. They found Long Island University. Tony Dokoupil has the story.
Photos show inside of charred Michigan synagogue
Newly released images show just how destructive a fire inside a Detroit-area synagogue was after a gunman armed with gasoline and explosives drove his truck into the building. Jonah Kaplan reports.