General Wire › 10 Aug 2026
Daily brief
General Wire — 10 August 2026
Chinese factory-gate inflation cooled by more than expected, while Berkshire's new boss began spending the cash pile Warren Buffett spent years building.
Economics
Sourced from the Economist’s Business in Brief.
China’s producer prices rose more slowly than forecast in July. The producer-price index was up 3.5% year on year, down from 4.1% the month before, according to the National Bureau of Statistics. Consumer prices rose 0.5% over the same period — the smallest increase since January. Lower domestic oil prices helped curtail both measures. — National Bureau of Statistics · Xinhua
Finance
Sourced from the Economist’s Business in Brief.
Berkshire Hathaway’s new boss is putting the money to work. A disclosure released on Saturday showed the investment firm ended the second quarter with $365.5bn on hand, down about 8% from a record $397.4bn at the close of the first quarter. Berkshire spent $4.5bn on a share buyback and $10bn adding to its Alphabet holding, which has now entered its top five positions alongside Apple, American Express, Bank of America and Coca-Cola. Across the quarter it bought $23.5bn of equities against $3.7bn sold — its first quarter as a net buyer of stocks in 15. — CNBC · Fortune
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