$100 billion — the cumulative tariff refunds the Trump administration has returned to U.S. companies since the Supreme Court struck down "Liberation Day" tariffs, and the cash is now showing up in Q2 earnings reports across corporate America.

Money Moves

• Dow Jones closed above 54,000 for the first time, while the S&P 500 and Nasdaq both hit all-time weekly closing highs, capping a five-day winning streak
• Amazon disclosed $600 million in...