U.S. Treasury proposes commonsense, low-cost investment rules for 'Trump accounts'.

Ukrzaliznytsia said August exports-bound grain shipments fell 68% MoM to 342,000 tonnes.

Citadel Securities says signs of widening demand elasticity are emerging in the AI market. Since end‑June, the usage‑weighted token price has fallen about 40%, yet H100 GPU rental rates have rebounded from June lows and the top 1% of AI‑spending firms saw per‑user spend rise roughly 49% MoM in July. Combined revenue at hyperscale cloud providers reached $106.3bn in Q2, up about 43% YoY, indicating new compute capacity is finding paying demand. Market metrics for AI economics are shifting from raw token prices to cost per completed effective task. Capable open‑source models can cut customer costs while preserving near‑comparable outputs, expanding usage and supporting GPU and cloud demand but weakening pricing power of closed‑source frontier models. Citadel cautions the compute‑price market is still young and opaque; current high utilization does not guarantee a multi‑year supply‑demand balance, and large efficiency gains from architectural changes could reduce compute demand below levels implied by existing capex.