Wells Fargo: housing affordability and inf-related concerns persist; labor market and wage growth remain strong.

Japan day-ahead spot electricity prices rose to a six-week high as heat-driven demand in Tokyo met higher fuel costs after renewed shipping disruptions in the Strait of Hormuz. Japan Electric Power Exchange data showed national day-ahead spot power at 20.13 yen/kWh on Tuesday, up 64% week-on-week and the highest since early June. Weather forecasts show a persistent high-pressure ridge transporting warm air and humid southerly flow; Tokyo hit its highest temperature of the year on Tuesday and is expected to reach 34–35°C midweek, with Osaka and Kyoto forecast to hit about 36°C later in the week.

綜合多位分析師觀點，數日前一條不起眼的新聞可能成爲AI硬件格局的分水嶺。Meta計劃9月起量產一款名爲“Iris”的自研芯片，內部備忘錄顯示，該芯片的測試僅用時六週，且未發現重大問題，這個速度在芯片行業幾乎是奇蹟。Meta的目標很直白——把對英偉達GPU的依賴降下來。所以這背後的邏輯值得記住，當一家公司的核心成本項被單一供應商壟斷時，自研永遠只是時間問題，不是要不要做的問題。Meta不是第一個，也不會是最後一個。而且Meta還做了另外一件它從未做過的事情——首次對其發佈的AI模型收費。其推理模型Muse Spark 1.1在人工智能分析指數中得分51，三個月內提升8分，領先於Gemini 3.5 Flash的50分。定價爲每百萬token輸入1.25美元、輸出4.25美元，約爲Claude Opus 4.8和GPT 5.5價格的四分之一。綜合來看，這兩項舉措可能代表着Meta的一次戰略轉向，而非炫技。Meta多年來一直將Llama系列免費開放，如今卻開始對市場上性價比最高的編排模型（orchestration model）之一收費，同時通過自研芯片來垂直整合、大幅降低推理成本。它的目標不是登頂評測榜單，而是掌握定價主動權。