First on CNN: Next spring the economy will sink into a 1990-style mild recession, Fitch says

new York CNN Business — Stubborn inflation and the Federal Reserve’s jumbo-sized interest rate hikes will drive the American economy into a 1990-style mild recession starting in the spring, Fitch Ratings warned on Tuesday. In a report obtained first by CNN, Fitch slashed its US growth forecasts for this year and next because of one … Read more

Diving deeper into the world’s oceans than ever before

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. CNN — Black smoke appears to rise from chimney-like formations of the hottest and deepest known hydrothermal vents on Earth. Over the summer, Anna Michel was able to see them for herself—a few miles beneath … Read more

Meet the International Space Station’s new diverse crew

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 — When astronauts venture aboard the International Space Station, they see a world without borders. They work together while orbiting Earth, and no boundaries are visible between them, even as member … Read more

Loretta Lynn, coal miner’s daughter turned country queen, dies at 90

CNN — Loretta Lynn, the “Coal Miner’s Daughter” whose gutsy lyrics and twangy, down-home vocals made her a queen of country music for seven decades, has died. She was 90. Lynn’s family said in a statement to CNN that she died Tuesday at her home in Tennessee. “Our precious mom, Loretta Lynn, passed away peacefully … Read more

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 the markets grappled with the reality — once speculative, … Read more

Most electric vehicles won’t qualify for federal tax credit

DETROIT (AP) — A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s … Read more

Tornado Cash crackdown by Treasury punishes honest crypto investors

A tornado is seen on a field in D’arcy, Saskatchewan, Canada June 15, 2021. Neil Serfas | via Reuters The Treasury Department’s crackdown on Tornado Cash was meant to stop criminals. But a lot of ordinary crypto investors with honest intentions are now at risk. “Every US person is going to have to be very … Read more

After fleeing violence in Haiti, data engineer now makes $130,000

This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money. Nearly 20 years ago, most of Lenny Pyrrhus’ immediate family fled Haiti after his uncle, a popular musician known as Ti Pierre, was killed during a political protest against a repressive … Read more

DOT Proposes New Rule To Make it Easier To Refund Canceled Flights

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. For decades, it has been notoriously difficult for travelers to get a refund from an airline … Read more

9 busy people share best hacks for making the most of vacation time

Americans are notorious for not taking a break. The average US worker took less than 12 days of vacation in 2021 — six fewer than the global average — according to Expedia’s latest Vacation Deprivation study of 14,500 working adults across 16 countries. Yet an overwhelming majority of workers say taking vacations makes them feel … Read more