Stocks Take A Dip On Summer's Final Friday

Stocks close lower, but S&P 500 notches its 4th winning month in a row (CNBC)

"Magnificent 7” Companies Reported Earnings Growth Above 25% for Q2 (FactSet)

Fed’s Waller Sees Quarter-Point Cut in September, Then More (Bloomberg)

US Consumer Spending Rises Firmly Despite Stubborn Inflation (Bloomberg)

Higher Prices Are Coming for Household Staples (WSJ)

Bond Market’s Inflation Gauge Touches Six-Month High on Fed Risk (Bloomberg)

Alibaba Creates AI Chip to Help China Fill Nvidia Void (WSJ)

Investors bet on Cambricon to be China’s next AI champion (FT)

Trump Leans on National Security to Justify Next Wave of Tariffs (WSJ)

US Ends Tariff Exemption for Small Packages, Upending Global E-Commerce (Bloomberg)