China’s nationwide electricity load hit a record high for the first time this year on July 10, reaching 1.518 billion kilowatts, according to Bloomberg. The National Energy Administration disclosed the figure in a statement posted Saturday on its official WeChat account, citing rising demand from data centers and electric vehicles.

OpenAI has rolled out initial fixes after a recent update led to user confusion about high-compute settings, made common desktop app features harder to find, and caused issues with some multi-agent workflows and plugins. According to Odaily, OpenAI Codex core team member Tibo wrote on X that users were previously able to enable high-compute mode too easily without clear explanation of how it would affect usage quotas. He also said a major redesign of the desktop app made frequently used functions such as chat and projects difficult to locate, and that promotional messaging focused heavily on ChatGPT Work led some Codex users to believe Codex might be phased out. Tibo added that the new version introduced problems affecting some multi-agent workflows, plugin functionality, and other aspects of the user experience. OpenAI’s first set of improvements includes adjusting default settings and the model selector to reduce accidental use of higher-cost configurations, fixing multiple plugin submission issues, improving how Codex is presented within the product, and addressing some desktop experience problems. OpenAI said it has spent the past 24 hours collecting user feedback, analyzing usage, and communicating with users. The company also acknowledged multiple issues with the update. OpenAI has completed two usage-quota top-ups for Codex and ChatGPT Work so far. It said a larger update is scheduled for next week, with chat and project functions returning to the sidebar in a more familiar and customizable format. The update will also increase visibility into usage quotas and reset times and further clarify the respective use cases for ChatGPT Work and Codex.

Federal Reserve officials are set for a heavy slate of public remarks ahead of the pre-meeting blackout period, with markets watching how policymakers interpret June CPI data and whether any show a leaning toward a July rate hike. According to Jin10, Deutsche Bank said the schedule follows several relatively quiet weeks for Fed commentary. Fed Governor Christopher Waller is scheduled to open the week with a Monday speech at the New York Business Economics Association. Fed Chair Kevin Warsh is set to testify on Tuesday and Wednesday. After the June CPI release, several officials are expected to deliver outlook remarks, including Fed Governor Lisa Cook on Wednesday, and Fed Vice Chair Philip Jefferson, Dallas Fed President Lorie K. Logan, and Kansas City Fed President Jeffrey R. Schmid on Friday. Deutsche Bank said it expects Warsh to reiterate his recent stance while remaining noncommittal about future policy actions. The bank added that Waller typically provides more detail on his policy reaction function and expectations, making his remarks a key focus for any signals about his policy inclination. For the outlook-style speeches, Deutsche Bank said it will focus on how officials interpret this week’s inflation data and whether any appear inclined toward a July rate hike. It cited the June meeting minutes as showing that “a few” officials believed there was a case for raising rates last month. Since then, Deutsche Bank said conditions have been mixed: oil prices and inflation expectations eased but later partially rebounded, and the unemployment rate fell further. The bank said it does not rule out a dissenting vote in support of a rate hike at the July meeting.

An analyst said Apple received a semiconductor tariff exemption after committing to use Intel foundries. According to Odaily, Citrini analyst Jukan wrote on X that The Wall Street Journal reported Apple obtained the exemption after making the commitment. Jukan said Apple will produce Mac chips at Intel and will also manufacture iPhone chips there.

The White House confirmed on the 10th that U.S. President Donald Trump removed two sitting members of the U.S. Election Assistance Commission, leaving all four seats on the commission vacant. According to Odaily, earlier reports said Trump removed Democratic members Thomas Hicks and Benjamin Hovland on the 9th and accepted the resignation of Republican member Christy McCormick. Another Republican member, Donald Palmer, left earlier this year. In a statement on the 10th, the White House said the president retains the right to dismiss officials who may not be fully committed to safeguarding U.S. election security and ensuring every lawful ballot is counted. The statement did not provide a specific reason for the removals. U.S. media reported that the commission had previously rejected an executive order signed by Trump that would have required voters to provide proof of U.S. citizenship when registering on a national voter registration form.

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