Money

By Anna Bahney, CNN Business Home builders pressed on the brakes once again last month as the cost of building supplies remained high and more prospective buyers were priced out of the market. July housing starts, a measure of new home construction, plunged 9.6% month-over-month and 8.1% from a year ago, according to the US

By Julia Horowitz, CNN Business It’s a moment of great uncertainty for the US economy, as high inflation and rising interest rates feed fears that a recession could be around the corner. But the Oracle of Omaha isn’t losing faith. What’s happening: Last quarter, Warren Buffett’s Berkshire Hathaway boosted its holdings in Apple by 3.9

By Anna Cooban, CNN Business UK workers have suffered the biggest drop in their spending power in more than 20 years as prices keep soaring. Average real wages — which account for inflation — fell by 3% between April and June compared with the same period last year, according to data from the Office for

By Laura He, CNN Business China’s Sichuan province has ordered all factories to shut down for six days to ease a power shortage in the region as a scorching heat wave sweeps across the country. Sichuan is a key manufacturing location for the semiconductor and solar panel industries and the power rationing will hit factories

By Rob McLean, CNN Business Millions of baby swings and rockers that pose a risk of asphyxiation or other injuries to infants have been recalled, according to an announcement Monday from the US Consumer Product Safety Commission. 4moms, which manufactures products for young children, issued a recall of its MamaRoo Baby Swing — versions 1.0

By Peter Valdes-Dapena, CNN Business The modern Dodge Challenger muscle car and the closely related Dodge Charger four-door sedan are ending their long production runs next year. But Dodge, Stellantis’s American performance car brand, has a few special items in store to mark the occasion as those models rumble off into the sunset. For one

By Ramishah Maruf, CNN The US Department of Labor proposed fines of almost $1.3 million for Dollar General after federal inspectors found workplace violations at three Georgia stores, the agency announced Monday. The DOL said it visited stores earlier this year in Pembroke, Hogansville and Smyrna and saw blocked exit routes, dangerously stacked merchandise boxes

By Jordan Valinsky, CNN Business About 13,000 pounds of frozen pizza made by Home Run Inn Frozen Foods is being recalled because of potential metal contamination. The pizza’s meat topping “may be contaminated with extraneous materials, specifically metal,” the US Department of Agriculture’s Food Safety and Inspection Service said in a release Sunday. Some customers