Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit

August 10, 2022

Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices.

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Elon Musk sells nearly 8 million Tesla shares

Tesla CEO Elon Musk sold 7.9 million shares of Tesla in recent days, raising $6.9 billion with the sales.

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Homebuyers dial back amid affordability issues, shaky economy

The volatile mortgage market has kept some potential homebuyers on the sidelines.

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