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U.S. EIA new formulation gasoline inventories for the week ending July 3 were 0 barrels, compared to a previous reading of -0.6 million barrels.

2026-07-08

U.S. EIA new formulation gasoline inventories for the week ending July 3 were 0 barrels, compared to a previous reading of -0.6 million barrels.

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2026-07-08

CNBC reported on the 7th that rising pricing from leading U.S. AI vendors is prompting rapid uptake of Chinese large AI models in U.S. enterprise deployments on cost grounds. Industry sources say top Chinese open-source and open-weight models lag fro

CNBC reported on the 7th that rising pricing from leading U.S. AI vendors is prompting rapid uptake of Chinese large AI models in U.S. enterprise deployments on cost grounds. Industry sources say top Chinese open-source and open-weight models lag frontier U.S. models (OpenAI, Anthropic) by roughly 6–9 months on performance but are priced about 60%–90% lower and cover most routine AI tasks. Aggregator OpenRouter data shows Chinese models have accounted for over 30% of tokens called by U.S. firms each week since Feb. 8, peaking at 46%; the prior The 12‑month token-share average was 11%.
2026-07-08

PBOC's MPC met for its Q2 2026 review and said the external environment has grown more complex: global growth momentum is weak, geopolitical conflicts and trade frictions are frequent, major economies are diverging, and inflation paths and policy adj

PBOC's MPC met for its Q2 2026 review and said the external environment has grown more complex: global growth momentum is weak, geopolitical conflicts and trade frictions are frequent, major economies are diverging, and inflation paths and policy adjustments are uncertain. Domestically the economy is broadly stable and shifting toward higher‑quality growth but still faces weak demand versus strong supply, structural divergence, and external shocks. The committee called for continuing a moderately loose monetary stance, intensifying countercyclical and cross‑cycle adjustments, deploying both aggregate and structural monetary tools, and strengthening monetary‑fiscal coordination to support stable growth and a reasonable rebound in prices.
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