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.
What services would be affected by a DHS government shutdown?
Funding for the Department of Homeland Security will expire at the end of the day Friday. Here's what will be affected.
ICE agents on leave for lying under oath in Minneapolis shooting investigation
Todd Lyons, the acting head of Immigration and Customs Enforcement accused two federal agents of lying under oath regarding the mid-January shooting of a Venezuelan national in Minneapolis.
Arizona sheriff in Nancy Guthrie search defends sending DNA to Florida lab
Pima County Sheriff Chris Nanos said the results that investigators have received from DNA testing in the Nancy Guthrie case so far haven't led to a suspect.
Trump vows to require voter ID in midterms "whether approved by Congress or not"
He said there should also be proof of citizenship and a ban on mail-in ballots, with some exceptions.
Ilia Malinin misses Olympic medal after falling in free skate, finishes 8th
In a shocking twist at the 2026 Winter Olympics, American figure skater Ilia Malinin didn't make it to the podium after falling twice during the free skate. Kazakhstan's Mikhail Shaidorov took home the gold.
Lindsey Vonn says she will need at least 2 more surgeries after crash
Lindsey Vonn broke her left leg in a crash during her downhill race at the Winter Olympics last weekend.
CEO of Dubai's largest port replaced after ties to Epstein revealed
Sultan Ahmed bin Sulayem, CEO and chairman of Dubai's DP World, appears in the Epstein files more than 4,700 times, according to the Justice Dept.
Tillis suggests Warsh faces long Fed chair nomination process
GOP Sen. Thom Tillis of North Carolina says he won't support the confirmation of any Fed nominee until the Justice Dept.'s investigation into chairman Jerome Powell is resolved.
Don Lemon pleads not guilty on Minnesota church protest charges
Several people charged in connection with a protest at a Minnesota church whose pastor served as an Immigration and Customs Enforcement official are set to be arraigned Friday afternoon in a Minneapolis federal courtroom.
U.S.
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White House files most detailed plans yet for Trump ballroom, East Wing renovation
The filing includes new renderings of the new East Wing, relative to other buildings close to the ballroom and from vantage points near the U.S. Capitol, Jefferson Memorial and points around the White House campus.
Arizona sheriff in Nancy Guthrie search defends sending DNA to Florida lab
Pima County Sheriff Chris Nanos said the results that investigators have received from DNA testing in the Nancy Guthrie case so far haven't led to a suspect.
Girl looking for a date to a school dance was murdered a week later
Mary Kay Heese, 17, was found stabbed to death in a field in March 1969. Fifty-five years later, a suspect was arrested — someone who had been on investigators' radar for decades.
Ilia Malinin misses Olympic medal after falling in free skate, finishes 8th
In a shocking twist at the 2026 Winter Olympics, American figure skater Ilia Malinin didn't make it to the podium after falling twice during the free skate. Kazakhstan's Mikhail Shaidorov took home the gold.
What services would be affected by a DHS government shutdown?
Funding for the Department of Homeland Security will expire at the end of the day Friday. Here's what will be affected.
MoneyWatch
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Today's CPI report is the best inflation news in months. Here's why.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
Amazon ends Flock partnership after backlash over Super Bowl ad
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
Can TrumpRx help you save money on drugs? Here's what experts say.
The Trump administration's new discounted drug platform isn't a game-changer for consumers, health care experts said.
Romance costs more this year as inflation lifts Valentine's Day gift prices
Love is biting consumers this year amid the rising cost of flowers, chocolates and other Valentine's Day staples.
CPI rose at an annual rate of 2.4% in January, cooler than expected
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Politics
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White House files most detailed plans yet for Trump ballroom, East Wing renovation
The filing includes new renderings of the new East Wing, relative to other buildings close to the ballroom and from vantage points near the U.S. Capitol, Jefferson Memorial and points around the White House campus.
Trump vows to require voter ID in midterms "whether approved by Congress or not"
He said there should also be proof of citizenship and a ban on mail-in ballots, with some exceptions.
Tillis suggests Warsh faces long Fed chair nomination process
GOP Sen. Thom Tillis of North Carolina says he won't support the confirmation of any Fed nominee until the Justice Dept.'s investigation into chairman Jerome Powell is resolved.
ICE agents on leave for lying under oath in Minneapolis shooting investigation
Todd Lyons, the acting head of Immigration and Customs Enforcement accused two federal agents of lying under oath regarding the mid-January shooting of a Venezuelan national in Minneapolis.
What services would be affected by a DHS government shutdown?
Funding for the Department of Homeland Security will expire at the end of the day Friday. Here's what will be affected.
HealthWatch
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Measles cases at university in Florida soar to nearly 60
Twenty one states in the U.S. have confirmed cases of measles.
Can TrumpRx help you save money on drugs? Here's what experts say.
The Trump administration's new discounted drug platform isn't a game-changer for consumers, health care experts said.
Moderna says FDA refuses its application for new mRNA flu vaccine
The Food and Drug Administration is refusing to consider Moderna's application for a new flu vaccine made with mRNA technology, the company said.
What to know about a new study on coffee, tea and dementia risk
CBS News medical contributor Dr. Céline Gounder said the results of the study on coffee drinkers having lower risk of dementia should be taken "with a massive grain of salt."
Thousands of mothers were flagged to police over flawed drug tests at childbirth
The Marshall Project found more than 70,000 cases referred to law enforcement over allegations of substance use during pregnancy — and that's a significant undercount.
World
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Ilia Malinin misses Olympic medal after falling in free skate, finishes 8th
In a shocking twist at the 2026 Winter Olympics, American figure skater Ilia Malinin didn't make it to the podium after falling twice during the free skate. Kazakhstan's Mikhail Shaidorov took home the gold.
Fugitive arrested after arriving at Olympics to watch hockey
A man who was wanted by Italian authorities for a series of 2010 thefts was arrested when he arrived at the Olympics on Wednesday.
CEO of Dubai's largest port replaced after ties to Epstein revealed
Sultan Ahmed bin Sulayem, CEO and chairman of Dubai's DP World, appears in the Epstein files more than 4,700 times, according to the Justice Dept.
Lindsey Vonn says she will need at least 2 more surgeries after crash
Lindsey Vonn broke her left leg in a crash during her downhill race at the Winter Olympics last weekend.
Low expectations as Ukraine, Russia confirm new round of talks with U.S.
As Russia and Ukraine confirm a 3rd round of U.S.-mediated peace talks, this time in Europe, Zelenskyy says Trump admin "must put pressure on Russia."
Entertainment
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Entertainment
"Sinners" cinematographer could make history
"Sinners" cinematographer Autumn Durald Arkapaw says she doesn't want the audience to notice her work because "you wanna make it so good it feels like a dream." The Oscar nominee is the first woman of color nominated in the cinematography category and only the fourth woman ever. It's the only Oscars category never won by a woman. She talks about her career journey to this historic moment.
Constance Zimmer on "The Lincoln Lawyer"
Constance Zimmer, who stars in the new season of "The Lincoln Lawyer," talks about how she channels her powerful character in the series and why it's important for her to always make her characters relatable.
James Van Der Beek dies after cancer battle
James Van Der Beek, known for starring in "Dawson's Creek" and "Varsity Blues," died Wednesday at the age of 48 after a battle with colorectal cancer. Vladimir Duthiers reports on the beloved actor's career.
"Dawson's Creek" co-stars remember James Van Der Beek: "One in a billion"
Katie Holmes and Busy Philipps are among the "Dawson's Creek" cast members sharing memories of James Van Der Beek after his death at age 48.
James Van Der Beek of "Dawson's Creek" dies at 48
James Van Der Beek, star of "Dawson's Creek" and "Varsity Blues," has died at age 48, according to his publicist and a post from his wife on social media. Carter Evans has more on his life and career.
Technology
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Amazon ends Flock partnership after backlash over Super Bowl ad
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
FTC warns Apple's Tim Cook over alleged political bias in Apple News app
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
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.
Russia blocks WhatsApp as it pushes state-backed alternative on citizens
The messaging platform WhatsApp says Russia has "attempted to fully block" its service inside the country, "to drive people to a state-owned surveillance app."
How did investigators recover Nancy Guthrie's doorbell footage?
Many are questioning how Nancy Guthrie's Google Nest surveillance footage was recovered days after officials said it was disconnected with no active subscription to store video.
Science
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Science
Impact of climate change on Winter Olympics
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Crime
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Crime
Latest on Guthrie search
The FBI is now calling the "subject" in the surveillance video of Nancy Guthrie's front porch a suspect. The agency has also released its first description of the 84-year-old's alleged kidnapper. CBS News reporter Andres Gutierrez has the details.
Arizona sheriff in Nancy Guthrie search defends sending DNA to Florida lab
Pima County Sheriff Chris Nanos said the results that investigators have received from DNA testing in the Nancy Guthrie case so far haven't led to a suspect.
Girl looking for a date to a school dance was murdered a week later
Mary Kay Heese, 17, was found stabbed to death in a field in March 1969. Fifty-five years later, a suspect was arrested — someone who had been on investigators' radar for decades.
Sheriff on nonuse of FBI lab in Guthrie case
The Pima County Sheriff's Department is using a third-party lab to process DNA in the Nancy Guthrie case rather than leaning on the FBI in Quantico. Sheriff Chris Nanos explained the decision to CBS News correspondent Jonathan Vigliotti.
Don Lemon pleads not guilty at arraignment
Former CNN anchor and independent journalist Don Lemon pleaded not guilty to federal charges linked to a protest inside a church in Minneapolis. CBS News' Katrina Kaufman reports.
Space
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Space
SpaceX launches crew to ISS
NASA and SpaceX launched a new mission to the International Space Station with four crew members on board to replace the team that returned last month due to a medical issue with one member. Mark Strassmann has more.
SpaceX launches space station crew on 8-month mission
The two-woman, two-man crew is replacing four other station fliers who came home early last month due to a medical issue one was having.
NASA, SpaceX mission prepares for launch
NASA and SpaceX say they have completed their final reviews and are ready to launch a crewed mission to the International Space Station on Friday. Retired NASA astronaut Leroy Chiao joins "The Daily Report" to discuss.
ULA rocket has booster problem while launching classified Space Force payloads
A United Launch Alliance Vulcan rocket carrying classified Space Force payloads suffered a booster problem but apparently made an otherwise "nominal" ascent to space, the company said.
New space station crew eager for Wednesday launch
The new crew will replace four station fliers who returned to Earth ahead of schedule last month due to a medical issue.
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
Jeffries: No direct funding talks scheduled
Funding for TSA, FEMA and other parts of the Department of Homeland Security is set to expire Friday night with no deal in sight. CBS News congressional correspondent Nicole Killion reports.
Latest on Guthrie search
The FBI is now calling the "subject" in the surveillance video of Nancy Guthrie's front porch a suspect. The agency has also released its first description of the 84-year-old's alleged kidnapper. CBS News reporter Andres Gutierrez has the details.
2 ICE agents on leave over false statements
Acting ICE Director Todd Lyons says two agents may have lied about a January incident in Minneapolis where an immigrant was shot after being accused of using shovels as a weapon. CBS News' Camilo Montoya-Galvez and Nicole Sganga have the latest.
Trump gives rally-style speech at Fort Bragg
President Trump and first lady Melania Trump visited troops and their families at Fort Bragg in North Carolina on Friday. CBS News White House correspondent Willie James Inman has the details.
Pam Bondi accused of spying on lawmakers
Some lawmakers are accusing Attorney General Pam Bondi of spying on their search history during their viewing of the unredacted Epstein files. CBS News' Scott MacFarlane reports.