Apple (AAPL.O) is due to launch its first foldable iPhone in September; despite a possible launch price near $2,500, IDC expects first-year shipments to exceed 10 mln and to re-accelerate the foldable-phone market. IDC projects global foldable-phone shipments up 12.6% this year and 18% next year, and estimates Apple will capture 40% of global foldable shipments by 2027. IDC also forecasts the overall global smartphone market will contract a record 16.7% this year due to rising component prices a

The Ministry of Agriculture and Rural Affairs issued the 15th Five-Year Plan for the national farm-product origin market system, targeting improved supply–demand matching and a modern circulation network. Policy priorities include online–offline integration, alignment of production and sales locations, interconnection of agricultural commerce, upgraded market facilities and marketing services, stronger monitoring and early-warning, and expansion of distribution participants. Key targets: by 2030 establish 50 origin-market clusters able to drive regional or national leading industries; develop 1,500 origin cold-chain collection-and-distribution centers with storage, primary processing and cold‑chain delivery capacity; and build 500 certified, high‑standard agricultural premium brands. By 2035 the plan aims for significant progress in efficient supply–demand linkage and a stronger role for the system in ensuring stable, safe supply, raising agricultural quality and farmer incomes, and supporting agricultural modernization.

U.S. API weekly refined product inventories for week to Aug. 21: -0.50 mln barrels; expected -1.674 mln; prior -2.797 mln.