US inflation slips from 40-year peak but remains high at 8.5%

Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year jump in June.

U.S. gas prices fall but inflation will likely stay high

Thanks largely to falling gas prices, the government's inflation report for July, to be released Wednesday morning, is expected to show that prices jumped 8.7% from a year earlier — still a sizzling pace but a slowdown from the 9.1% year-over-year figure in June, which was the highest in four decades.

Democrats' economic package: What remains in and what's out?

The estimated $740-billion proposal, struck by two top negotiators, includes some hard-fought party priorities -- from health care to climate change.

New York City store locks up Spam in plastic case amid crime spike

Shoppers, store employees, and social media users expressed disbelief after discovering the $3.99 canned meat product out of reach behind lock and key.

Elder Index shows millions of American seniors can’t afford basic living costs

Inflation surged in June and workers’ average wages accelerated in the spring — signs that Americans won’t likely feel any relief from rising prices anytime soon.

How to recession-proof your life

If you think a recession could destabilize your finances, here are some things you can do to prepare.

Consumers should curb spending in case of recession, expert says

The U.S. economy shrank for the second straight quarter—many experts say that's a sign we're heading into a recession. But here is why the chairman of the Fed disagrees.

Man opens up about leaving teaching for better-paying Walmart job

The 28-year-old man said the chance to move up without getting an advanced degree was one of the motivating factors for him to leave the education field.

What's in, and out, of Democrats' climate, health care and inflation bill

Here’s a look at the Democrats' "Inflation Reduction Act of 2022" as it stands after Senate Majority Leader Chuck Schumer and holdout Sen. Joe Manchin reached a deal.