Liftoff (Rocket Lab)

Satellite

SpaceX rival Rocket Lab stumbles as the reusable-rocket industry takes off

The Biggest Disruption To $martphones in 15 Years 🤳🏼

Pooch

Walmart opens its first pet-services center to grow its slice of the $320B furry industry

Dow Jones

S&P 500

Nasdaq

Bitcoin

Nearly half of Americans age 18 to 29 live with family

🚀 Rocket Lab’s blast was off

Bread and circuses (Richard A. Brooks/Getty Images)

Thrill

Disney’s pouring $60B into its parks-and-cruises biz as cable and streaming struggle

Extra cash back with every tap

FitCheck

H&M is now charging for returns as more retailers discourage customers’ send-it-back habits

DEFI(NE)

Heard on the Block: “total value locked”

The US national debt passed $33T for the first time

🎢 Disney’s $60B park play

Drilling for liquid gold (Mario Tama/Getty Images)

Slick

California sues oil titans, saying they deceived the public on climate change

A little engine more powerful than its predecessors

Struck

With the UAW on strike, auto workers and carmakers buckle up for a long and bumpy ride

TikTok now has a Billboard Top 50 chart of viral songs

☀️ California vs. Big Oil

Feels like the ’90s again (Santi Visalli/Getty Images)

BARBARBAR

Hackers of MGM and Caesars up the ante as cybercrime crashes the corporate party

This painting sold for $8 million… and everyday investors profited

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Stories we’re watching

Events

Coming up this week

ICYMI

Last week's highlights

US restaurant tipping fell to 19.4% last quarter, the lowest since the start of the pandemic

🎰 MGM and Caesars' hackpot

When the buffet is already empty (Jeff Greenberg/Getty Images)

SkyClubbin’

Delta overhauls its loyalty program as more Americans splurge for status in the skies

Meet the company that is building the engine of the future

Coverage

Car-insurance rates spike the most in 47 years, and they aren’t the only premiums rising

BYENANCE

The Crypto Catch-Up…

Barbie toy sales are up 25% since the “Barbie” movie came out

✈️ Delta’s loyalty test

It’s pronounced en-vidia (Kim Kulish/Getty Images)

Chipper

Chip startups are in an investment slump as Nvidia takes the AI spotlight — for now

RICHISH

Americans’ wealth hits an all-time high, but don’t look at their bank accounts

US car-insurance prices have soared nearly 20% in the past year

💬 The Nvidia effect

It’s a double-double (Leonard Ortiz/Getty Images)

2FOR1

Fast-food minimum wages are likely to rise in California as labor makes gains during hot strike summer

Hydrated

Pepsi introduces Gatorade Water, doubling down on the functional-bev trend with H2O

Unpacked

Snacks Unpacked: Apple goes all in on USB-C with its priciest iPhone yet

After Mexico’s presidential election, each branch of its government will be led by a woman

🍟 California’s $20 min wage

Uncrustables’ new sibling (Justin Sullivan/Getty Images)

Jelly

PB&J icon Smucker buys Hostess for $5.6B as the snackification of America intensifies

A credit card where zero adds up to a number of benefits

Fee-ride

BMW ends its heated-seats subscription as carmakers embrace the monthly model

Heard on the Block: “phishing”

Just 3% of US workers wear “business professional” clothes to work

🥜 Smucker’s $5.6B Twinkie bet

Cable may need a Hail Mary (Kevin Sabitus/Getty Images)

Blitz

As football season kicks off, streamers like YouTube and Amazon could force a TV turnover

Have dependents or debt? Consider term life insurance.

Zoom Out

73M Americans plan to bet on this NFL season — a 60% spike from last year

🏈 The NFL’s streaming szn

Life in the fast game (Ina Fassbender/Getty Images)

Arcade

YouTube tests games, deepening its Netflix rivalry and eating up even more screen time

Upway is here to make electric biking affordable, convenient, and reliable

BUILDING

The construction industry struggles to recruit women as the infrastructure bill creates thousands of projects

US bankruptcies have spiked 54% in the past year

🕹️ YouTube 4 gamers