Wall Street Journal July 16 authoritative report: US June inflation rebounded to 2.7%, core inflation reached 2.9%, with significant price increases in tariff-sensitive goods (furniture, toys, apparel). Tariff revenue hit $27B (3x YoY), Goldman estimates US consumers bear 70% direct costs. Tech positioning: Google's $25B AI data center investment, Apple's $500M rare earth magnet procurement deal. Housing median price record $412.5K, JPMorgan, Wells Fargo, Citigroup Q2 earnings beat expectations, but private credit risks trigger warnings.