with a 0.9% gain in July. US wholesale inflation accelerated in July by the most in three years, suggesting companies are passing along higher import costs related to tariffs. The producer price index increased 0.9% from a month earlier and 3.3% from a year ago. Service costs jumped 1.1% last month. The market seems not to care.

to provide an indirect subsidy to domestic chip making. Intel declined to comment on the report but said it was deeply committed to supporting efforts to strengthen U.S. technology and manufacturing leadership.

which it has been quietly accumulating in recent weeks. The market knew that Buffet was picking up something big, but they didn’t know what. Nice to see that the old bottom fishing instinct is still there. The stock rallied 36% on the leaks. Buffett also loaded up on D.R. Horton (DHI), where I issued a LEAPS leverage long earlier in the week.

in July, up 0.9%, boosted by strong demand for motor vehicles as well as promotions by Amazon and Walmart, though a softening labor market and higher goods prices could curb growth in consumer spending in the third quarter.

down to 58.6, a four-month low according to the University of Michigan. This deterioration largely stems from rising worries about inflation. Buying conditions for durables plunged 14%, its lowest reading in a year, on the basis of high prices. Current personal finances declined modestly amid growing concerns about purchasing power.