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
Trump says Iran war could wrap up in 2-3 weeks as gas prices rise
President Trump indicated the Iran war may wrap up "very soon" and he could abandon efforts to force Iran to reopen the Strait of Hormuz, as the war pushes U.S. gas prices over $4.
Trump signs order on mail-in ballots and federally run voter lists
President Trump has long wanted to place additional restrictions on mail-in voting, which he has called "mail-in cheating."
Jamie Dimon says AI could help shorten work week, cure cancer
JPMorgan CEO Jamie Dimon thinks AI will shorten the work week and lead to medical breakthroughs, while acknowledging the technology's potential impact on the nation's workforce.
Trump to give "important update on Iran" tonight in prime-time speech
President Trump is planning to deliver a prime-time address Wednesday night to "provide an important update on Iran," the White House said, as the president faces critical decisions in the monthlong war.
American journalist Shelly Kittleson kidnapped in Iraq
American journalist Shelly Kittleson was kidnapped in Baghdad on Tuesday, according to two sources familiar with the matter as well as an Iraqi official.
Trump plans to attend Supreme Court arguments in birthright citizenship case
President Trump is planning to go to the Supreme Court on Wednesday as the justices take up his executive order seeking to end birthright citizenship, a major test of his immigration agenda.
Jamie Dimon says rejecting capitalism is "dead wrong" in CBS News interview
JPMorgan Chase CEO Jamie Dimon shares his thinking on capitalism, AI, prediction markets and more in an interview with "CBS Evening News" anchor Tony Dokoupil.
Hegseth lifts suspension of Army pilots who flew by Kid Rock's house
Just hours earlier, an Army spokesperson said the crew had been suspended from flying while the Army conducts a formal investigation into why the Apache helicopters flew near Kid Rock's Nashville house.
Tiger Woods says he's "stepping away" to seek treatment after car crash
Tiger Woods announced Tuesday that he's "stepping away for a period of time to seek treatment" after pleading not guilty to charges including driving under the influence.
U.S.
More U.S.
Hegseth lifts suspension of Army pilots who flew by Kid Rock's house
Just hours earlier, an Army spokesperson said the crew had been suspended from flying while the Army conducts a formal investigation into why the Apache helicopters flew near Kid Rock's Nashville house.
Tiger Woods says he's "stepping away" to seek treatment after car crash
Tiger Woods announced Tuesday that he's "stepping away for a period of time to seek treatment" after pleading not guilty to charges including driving under the influence.
Jamie Dimon says rejecting capitalism is "dead wrong" in CBS News interview
JPMorgan Chase CEO Jamie Dimon shares his thinking on capitalism, AI, prediction markets and more in an interview with "CBS Evening News" anchor Tony Dokoupil.
Jamie Dimon: JPMorgan could offer prediction market services to investors
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Trump signs order on mail-in ballots and federally run voter lists
President Trump has long wanted to place additional restrictions on mail-in voting, which he has called "mail-in cheating."
MoneyWatch
More MoneyWatch
Jamie Dimon says rejecting capitalism is "dead wrong" in CBS News interview
JPMorgan Chase CEO Jamie Dimon shares his thinking on capitalism, AI, prediction markets and more in an interview with "CBS Evening News" anchor Tony Dokoupil.
Jamie Dimon: JPMorgan could offer prediction market services to investors
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Jamie Dimon says AI could help shorten work week, cure cancer
JPMorgan CEO Jamie Dimon thinks AI will shorten the work week and lead to medical breakthroughs, while acknowledging the technology's potential impact on the nation's workforce.
Americans saving less for retirement — that's a "warning sign," experts say.
Full-time employees cut their 401(k) participation and contribution rates last year amid an affordability crunch, new research shows.
Jamie Dimon: I don't know if Iran war will be "tipping point" for recession
Jamie Dimon told "CBS Evening News" anchor Tony Dokoupil that "what's more important for the future of the world is that this war successfully conclude."
Politics
More Politics
Trump plans to attend Supreme Court arguments in birthright citizenship case
President Trump is planning to go to the Supreme Court on Wednesday as the justices take up his executive order seeking to end birthright citizenship, a major test of his immigration agenda.
Judge orders Trump admin. to restore legal status of migrants allowed in under Biden
A federal judge directed the Trump administration to restore the legal status of migrants allowed into the U.S. under a now-defunct Biden administration program for asylum-seekers who arrived at the southern border.
Trump to give "important update on Iran" tonight in prime-time speech
President Trump is planning to deliver a prime-time address Wednesday night to "provide an important update on Iran," the White House said, as the president faces critical decisions in the monthlong war.
Hegseth lifts suspension of Army pilots who flew by Kid Rock's house
Just hours earlier, an Army spokesperson said the crew had been suspended from flying while the Army conducts a formal investigation into why the Apache helicopters flew near Kid Rock's Nashville house.
Trump signs order on mail-in ballots and federally run voter lists
President Trump has long wanted to place additional restrictions on mail-in voting, which he has called "mail-in cheating."
HealthWatch
More HealthWatch
States pay contractors millions to comply with Trump law to cut Medicaid rolls
The One Big Beautiful Bill Act will add red tape and restrictions for those seeking Medicaid and SNAP benefits. And the costs to update computer systems that determine eligibility for those programs will be steep.
Hockey player diagnosed with Stage IV cancer at 26: "It was surreal"
David Lyon is one of the rising number of young adults to be diagnosed with colorectal cancer.
What to know about the "wild, wild West" of viral peptide claims
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
CDC's acting chief promises a return to stability in a tumultuous moment
Dr. Jay Bhattacharya, head of the National Institutes of Health and interim leader of the Centers for Disease Control and Prevention, told staff a permanent CDC director could be nominated soon. "I know that it has been such a difficult year," he said.
FDA says billionaire's claims about cancer drug Anktiva are misleading
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
World
More World
American journalist Shelly Kittleson kidnapped in Iraq
American journalist Shelly Kittleson was kidnapped in Baghdad on Tuesday, according to two sources familiar with the matter as well as an Iraqi official.
Iran war's impact is spreading beyond oil, hitting helium and aluminum
Shortages of helium, a byproduct of natural gas processing, could create problems for semiconductor and medical equipment manufacturers.
Hegseth slated for House testimony amid Iran war pressure, sources say
Defense Secretary Pete Hegseth is tentatively expected to testify publicly before the House Armed Services Committee on April 29, according to two sources familiar with the plans.
Police find drug-smuggling tunnel with rail system and cranes in Spain
Police said two people headed the network, including one person considered to be the "narco-architect" and "mastermind of the tunnels."
Premature babies who escaped Gaza war finally reunited with families
Palestinian parents separated from their premature newborns by the war in Gaza finally get to meet their children for the first time.
Entertainment
More Entertainment
Crew that flew Apache helicopters near Kid Rock's house suspended
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
Taylor Swift sued for trademark infringement
Taylor Swift is being sued by Las Vegas performer Maren Wade who has accused the superstar of trademark infringement over her latest album, "The Life of a Showgirl." Wade is the creator of the "Confessions of a Showgirl" podcast, which started as a column in 2014.
Sharon Stone talks new season of "Euphoria"
Sharon Stone reflected on her legendary career as she discussed joining the cast of "Euphoria," working with the show's creator, Sam Levinson, and how she has advocated for women in the entertainment industry.
Taylor Swift sued for trademark infringement over "The Life of a Showgirl"
A Las Vegas performer has sued Taylor Swift over the title of her hit album "The Life of a Showgirl," alleging it violates the performer's trademark.
Barbie Dream Fest disappoints some attendees
A Barbie Dream Fest event in Fort Lauderdale, Florida, generated backlash from attendees over its allegedly underwhelming experience. Jessica Nova, who drove in from Atlanta for the occasion, joins CBS News to recount her experience.
Technology
More Technology
Technology
Inside Apple's relationship with China
CBS News contributor Patrick McGee joins "The Daily Report" to discuss the codependent relationship between Apple and China, a country that manufactures hundreds of millions of iPhones every year.
Jamie Dimon: JPMorgan could offer prediction market services to investors
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
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.
Company tries to make flying car of the future
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
Judge blocks Pentagon's Anthropic risk label
A judge has temporarily blocked the Pentagon's attempt to designate Anthropic as a supply chain risk. CBS News legal contributor Jessica Levinson joins with analysis.
Science
More Science
Snowy owl, cheetah among 40 species granted international protection
According to a recent report, nearly one in four species catalogued by the CMS are threatened with extinction on a worldwide scale.
Everything to know about NASA's moon mission launching this week
NASA is poised to launch four astronauts April 1 on a historic nine-day trip around the moon and back. Here's everything to know about the Artemis II mission.
Arctic sea ice hits lowest winter level as heat records are shattered worldwide
Arctic sea ice levels are crucial to Earth's climate because, without the ice reflecting sunlight, more heat energy goes into the oceans.
Sharks in Bahamas test positive for caffeine, painkillers, cocaine
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
What to know about the "wild, wild West" of viral peptide claims
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
Crime
More Crime
Crime
Defense in Kirk case questions bullet analysis
Lawyers for the man accused of killing Charlie Kirk are asking to delay a preliminary hearing set for May, arguing the defense team needs time to review ATF analysis they contend "could not" connect a bullet fragment recovered during Kirk's autopsy with the rifle found near the scene of the crime. CBS News legal contributor Jessica Levinson joins to unpack the development.
New details on Tiger Woods arrest report
Tiger Woods had bloodshot eyes, was "sweating profusely" and had "extremely dilated" pupils after a rollover car crash last week, an arrest report shows. CBS News' Shanelle Kaul has the details.
Police find drug-smuggling tunnel with rail system and cranes in Spain
Police said two people headed the network, including one person considered to be the "narco-architect" and "mastermind of the tunnels."
Questions about bullet used to kill Charlie Kirk
Lawyers for Tyler Robinson, the man charged with killing conservative activist Charlie Kirk, are looking to review an analysis that couldn't conclusively connect a bullet fragment recovered during an autopsy to the rifle found near the scene. CBS News' Carter Evans reports.
Lawyers for Kirk suspect ask to delay hearing
A new court filing reveals defense attorneys for Tyler Robinson, the man accused of killing Charlie Kirk, claim an ATF analysis could not conclusively connect the bullet that killed Kirk to the gun Robinson allegedly used. Now the lawyers are asking to delay Robinson's preliminary hearing to review the evidence. Carter Evans reports.
Space
More Space
Smooth countdown continues for Artemis II moon mission
Forecasters continue to predict an 80% chance of favorable weather on Wednesday for the launch of four astronauts on a flight to the moon.
Countdown begins for long-awaited Artemis II moon mission
Countdown clocks began ticking Monday, setting the stage for launch of the Artemis II moon mission early Wednesday evening.
These 4 astronauts are about to make history on flight around the moon
NASA's Artemis II astronauts — three space station veterans and a Canadian rookie — stand out even in an astronaut corps full of super achievers.
Everything to know about NASA's moon mission launching this week
NASA is poised to launch four astronauts April 1 on a historic nine-day trip around the moon and back. Here's everything to know about the Artemis II mission.
Artemis II astronauts say they're "ready to go" for moon launch
The countdown to launch of the Artemis II crew's flight around the moon begins Monday at the Kennedy Space Center in Florida.
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
Previewing NASA's Artemis II launch
NASA is planning to launch its first crewed mission in over 50 years with its Artemis II flight on Wednesday from Florida's Kennedy Space Center.
Extended interview: Jamie Dimon
JPMorgan Chase CEO Jamie Dimon speaks with "CBS Evening News" anchor Tony Dokoupil about the advancement of artificial intelligence, the war in Iran's effect on the U.S. economy, prediction markets and more.
Boy born with rare defect gets heart transplant
Born with a rare heart defect, Wyatt Lopez was about a year old when he checked into the hospital. It took almost a whole year before he checked back out -- with a tuxedo, a little parade and a brand new heart. Tony Dokoupil has the story.
Jamie Dimon acknowledges struggles across society
The head of JPMorgan Chase is acknowledging that the American dream is slipping out of reach for many. Jamie Dimon spoke to Tony Dokoupil, saying he's on a crusade to change that.
NASA readies Artemis II for historic moon mission
The countdown to launch of the Artemis II mission, NASA's first piloted moonshot in half a century, proceeded smoothly as engineers and technicians prepared the agency's giant Space Launch System rocket and Orion crew capsule for fueling and blastoff. Mark Strassmann has more.