Thursday Afternoon Links

[CNBC] Nasdaq, S&P 500 hit fresh records after strong Alphabet earnings: Live updates 

[Yahoo/Reuters] US business activity rises; tariffs fuel inflation concerns

[MSN/MW] US economy saw stronger but uneven growth, higher inflation in July: S&P surveys

[Yahoo/Reuters] US new home sales below expectations in June; housing supply rises

[Axios] U.S. trade agreement with Japan includes $550 billion in unanswered questions

[Reuters] Markets' trade deal euphoria ignores tariff reality

[Yahoo/Reuters] ECB policymakers set high bar for Sept rate cut, sources say

[Bloomberg] US Business Growth Hits 2025 High As Services Strength Offsets Manufacturing

[Bloomberg] Risk of Tighter Money Reignites Debate Over the Fed Funds Rate

[Bloomberg] Private Credit Firms From KKR to Blackstone Ready for 401(k) Win

[Bloomberg] What’s Behind the Deadly Thailand-Cambodia Border Clashes?

[NYT] The Renovations Fueling Trump’s Attacks on the Fed