S&P 500 REVENUE GROWTH HITS 5-YEAR HIGH Goldman Sachs says S&P 500 revenues grew 6.4% YoY in Q2, excluding energy — the fastest pace in five years. Big Tech led the growth, while median S&P 500 revenue excluding tech rose just 3%. Corporate earnings jumped nearly 50% YoY, partly driven by tech firms marking up private investments. Meanwhile, companies received over $100B in tariff refunds, using the windfall for marketing, cost relief and lower customer prices.(*Walter Bloomberg)