Friday's News Links

[CNBC] S&P 500 retreats from record as traders assess new inflation data into long weekend: Live updates

[CNBC] Core inflation rate rose to 2.9% in July, as expected, key Fed measure shows

[Axios] America's power bills surge as AI strains an aging grid

[Yahoo/Bloomberg] RBA Warns of Financial Stability Risks From Private Market Boom

[CBS] Trump preparing major immigration enforcement operations in Chicago next week similar to LA, DHS sources say

[AP] CDC gets new acting director as leadership turmoil leaves agency reeling

[CNBC] German inflation rises to hotter-than-expected 2.1% in August

[Yahoo/Bloomberg] China Warns Against Excess Competition in Booming AI Race

[Yahoo/Bloomberg] China Monthly Stock Turnover Set for Record as Bull Run Extends

[Yahoo/Reuters] South Korea to boost budget spending in bid to spur AI-led growth

[Axios] Inside Trump's gunboat diplomacy with Venezuela

[AP] Peace efforts in limbo as Ukraine’s capital mourns 23 dead after Russian attack

[Reuters] Powerful U.S. senator arrives in Taiwan to discuss security

[Bloomberg] Bond Market’s Inflation Gauge Touches Six-Month High on Fed Risk

[Bloomberg] Pulte Ups Cook Scrutiny With Criminal Referral on Third Mortgage

[Bloomberg] ChatGPT’s Drive for Engagement Has a Dark Side

[Bloomberg] Lula Authorizes Retaliation Process Against Trump’s Tariffs

[WSJ] Higher Prices Are Coming for Household Staples

[WSJ] Trump Leans on National Security to Justify Next Wave of Tariffs

[WSJ] A Troubled Man, His Chatbot and a Murder-Suicide in Old Greenwich

[FT] America’s new ‘patriotic’ capitalism

[FT] China’s ‘big five’ banks pressured by consumer woes