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Berkshire Hathaway (BRK.A.N, BRK.B.N) CEO Greg Abel: Consumers are still feeling the economic pressure.

2026-09-02

Berkshire Hathaway (BRK.A.N, BRK.B.N) CEO Greg Abel: Consumers are still feeling the economic pressure.

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2026-09-02

July CPI YoY 3.0% (June 2.8%), MoM +0.5%, SA MoM +0.3%. Core CPI ex-gas stable at 2.2% YoY (third month). Gasoline +25.7% YoY. Median CPI YoY 2.0% (June 1.9%); trimmed mean 1.9% (unchanged). Industrial product prices July MoM +0.6%, YoY +12.4%; ex-en

July CPI YoY 3.0% (June 2.8%), MoM +0.5%, SA MoM +0.3%. Core CPI ex-gas stable at 2.2% YoY (third month). Gasoline +25.7% YoY. Median CPI YoY 2.0% (June 1.9%); trimmed mean 1.9% (unchanged). Industrial product prices July MoM +0.6%, YoY +12.4%; ex-energy & petroleum MoM -0.2%; energy & petroleum MoM +6.4%. Raw materials prices July MoM -2.2%, YoY +18.1%; ex-crude energy MoM -1.5% YoY +16.7%; crude energy products MoM -3.6%. Q2 GDP QoQ +0.8%; Q1 revised to +0.1% from 0.0%. Q2 growth driven by exports, household consumption and business investment. Labor: July employment +75k (+0.4% MoM) to 21.215 mln; unemployment 6.4% (-0.1ppt). Average hourly wages YoY +2.8% (June 3.3%). Retail: advance indicator points to July retail sales MoM -0.8%. June retail sales MoM +0.6% to C$74.3 bln; Q2 nominal retail sales QoQ +2.2%, real volumes +0.4%. Trade: June goods exports +0.4% MoM to C$77.5 bln; imports +0.2% to C$73.6 bln; trade surplus C$3.9 bln (May C$3.7 bln), fourth consecutive surplus. BOC Q2 surveys: business confidence slipped after three quarters of improvement; firms expecting a recession in the next 12 months rose to 17% from 9%; firms raised input-price, selling-price and inflation expectations. Consumer survey shows a slight rise in the share expecting 12-month inflation >3%; 2- and 5-year inflation expectations edged up.
2026-09-01

Ukraine's state gas company Naftogaz said a Russian strike on Tuesday hit a thermal power plant in the Odesa region.

Ukraine's state gas company Naftogaz said a Russian strike on Tuesday hit a thermal power plant in the Odesa region.
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