5 signs the world is headed for a recession

New York CNN Business  —  Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s edge. The question of a recession is no longer if, but when. Over the past week, the pulse of those flashing red lights quickened as markets grappled with the reality — once speculative, … Read more

Liz Truss admits mistakes on controversial tax cuts plan, but doubles down on it anyway

London CNN  —  British Prime Minister Liz Truss admitted mistakes had been made with her government’s controversial “mini-budget” announced last week – which sent the pound to historic lows and sparked market chaos – but stood by her policies. Speaking to the BBC’s Laura Kuenssberg on Sunday morning Truss said: “I do accept we should … Read more

Hurricane Ian: Death toll rises to 66 in Florida after the storm rendered some communities ‘unrecognizable,’ officials say

CNN  —  Days after Hurricane Ian slammed into Florida, shell-shocked residents are still assessing the damage left behind by record-high storm surge, damaging winds and catastrophic flooding that left some areas of the Sunshine State unrecognizable. At least 66 people were killed by Ian in Florida as it swallowed homes in its furious rushing waters, … Read more

Tesla robot slowly walks on stage at AI Day

Washington, DC CNN  —  Tesla revealed on Friday a prototype of a humanoid robot that it says could be a future product for the automaker. The robot, dubbed Optimus by Tesla, walked stiffly on stage at Tesla’s AI Day, slowly waved at the crowed and gestured with its hands for roughly one minute. Tesla CEO … Read more

Listeria outbreak leads to recall of cheeses sold at more than a dozen retailers

CNN  —  Old Europe Cheese, Inc., based in Benton Harbor, Michigan, is issuing a voluntary recall of its Brie and Camembert cheeses because of a possible outbreak of listeria, according to the US Food and Drug Administration. Affected cheeses were sold at about a dozen major retailers in the US and Mexico, the FDA said. … Read more

Credit card interest rates climbing. Here’s how to tackle your debt

Editor’s Note: A version of this story was originally published on January 31, 2022. Interest rates are climbing this year on all kinds of consumer debt, and that’s bad news for those who carry a credit card balance. The Federal Reserve has been pushing interest rates higher in an ongoing campaign to battle inflation, announcing … Read more

Dramatic images show spacecraft collision with an asteroid

A version of this story appeared in CNN’s Wonder Theory science newsletter. To get it in your inbox, sign up for free here. CNN  —  The DART mission made history this week when it successfully slammed into an asteroid – and we got to see it happen live, from millions of miles away. As the … Read more

Lyman: Russian forces retreat from strategic Donetsk city a day after Moscow’s annexation of the region

Kyiv, Ukraine CNN  —  Russian forces retreated from Lyman, a strategic city for its operations in the east, the Russian defense ministry said Saturday, just a day after Moscow’s annexation of the region that’s been declared illegal by the West. “In connection with the creation of a threat of encirclement, allied troops were withdrawn from … Read more

Inflation relief checks: Why some economists warn they could fuel rising prices

Washington CNN  —  Several states are sending taxpayers money to help them cope with inflation, but some economists warn that the payments will do little to alleviate the pain of rising costs and could further fuel inflation. In California, for example, about 23 million qualifying taxpayers are expected to receive up to $1,500, with smaller … Read more

How to protect your 401(k) in a bear market

Editor’s Note: This is an updated version of a story that originally ran on August 29, 2022. Stocks and bonds are trading in bear territory. And given current circumstances, it’s fair to assume the markets will remain volatile for awhile. Interest rates are rising quickly in the US and Europe amid government efforts to tamp … Read more