Watching the yield rise like (Win McNamee/Getty Images)

10-YR

US Treasury yields soar and put a damper on stocks, as investors expect high rates

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

Maritraffic

Cargo ships are stuck in the Panama Canal as extreme weather disrupts the supply chain

DEFI(NE)

Heard on the Block: “keys”

Dow Jones

S&P 500

Nasdaq

Bitcoin

👻 Spooky Treasury yields

Gig city (Walter Bibikow/Getty Images)

Brake

Lyft and Uber could ditch Minneapolis over a minimum-wage bill — and other cities could follow

Grainy

Spotify’s white-noise headache raises the volume of its podcast struggles

sherwoodnews

Thunderstorms are by far the costliest natural catastrophe for insurers this year

🚗 Minimum Uber wage?

Growing up in front of a black mirror (Westend61/Getty Images)

Sharents

Illinois passes the first US law to pay kidfluencers as legislation catches up to culture

It’s official, the best time to protect your family’s financial future is…

Events

Coming up this week

Zoom Out

Stories we’re watching

ICYMI

Last week's highlights

🧸 First US kidfluencer law

Spain striker Jennifer Hermoso (VCG/Getty Images)

Goal

As the Women’s World Cup gears up for the final, more brands are scoring marketing wins

NYTvGPT

The New York Times is reportedly considering suing OpenAI as genAI backlash builds

WORLDCON

The Crypto Catch-Up…

A United Auto Workers strike against the Big Three carmakers could cost $5B over 10 days

⚽ FIFA Women’s World (sponsorship) Cup

Rollin’ into the US market (Apu Gomes/Getty Images)

EVin

Vietnamese EV maker VinFast surges (then slides) as it screeches into a packed market

Noffeur

Robotaxis can now operate 24/7 in San Francisco as the driverless industry speeds up

Heard on the Block: “cryptocarrier”

Global household wealth dropped last year, a first since the 2008 financial crisis

🚙 VinFast’s big SPAC

Charlotte’s web3 (Paul Chinn/Getty Images)

REBOOT

“FarmVille” maker Zynga announces a flashy web3 game even as play-to-earn sputters

$piral

Russia, China, and Argentina struggle as the value of their currencies slides

Global spending on business travel is expected to top prepandemic levels next year

👾 Zynga’s crypto-gaming play

Macaroni, salad, or macaroni salad? (Eva Hambach/Getty Images)

Rotisserie

Grocery stores are expanding prepared-meal offerings to grab restaurant market share

Heads up: you probably need more life insurance coverage. 

Unbound

8 months into China’s reopening, the big comeback still hasn’t come back

The median price of a starter home in the US in June was $243K — up 45%+ from prepandemic

🐔 Kroger’s rotisserie moment

WeWork’s not working so well (Claudio Cruz/Getty Images)

WeWorried

WeWork teeters on the brink of bankruptcy as commercial real estate gets crunched

So golden, so delicious.

Taylor Swift’s recent six shows in LA are expected to boost the local GDP by $320M

🚩 WeWork’s red flag

Bidin’ time till a deal is reached (Mandel Ngan/Getty Images)

Charging

2 Biden priorities clash as a major strike threat looms for GM, Ford, and Stellantis

Clutch

Coach’s parent is adding Versace owner Capri to its bag in an $8.5B designer merger

FEDUP

The average monthly rent in Manhattan has hit $5.6K

🚗 Biden’s EV labor clash

One bet — everybody knows the rules (Ben Hasty/Getty Images)

Playbook

Penn replaces its Barstool sportsbook, hoping ESPN is better positioned for sports betting

Luxtility

Rivian’s and Lucid’s very different EV earnings show a shift from luxury to utility

Gen Z will be the last generation that has a white majority in the US, a new census data study said

🏈 Barstool swapped for ESPN