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• 🛫Travel is expected to keep booming
  If you think your Insta feed is full of everyone’s sand, sun, and fruity cocktail photos now, just...
  If you think your Insta feed is full of everyone’s sand, sun, and fruity cocktail photos now, just wait: Travel is on track to become a $15.5 trillion industry by 2033, the World Travel & Tourism Council estimates. That would represent more than 11.6% of the global economy and a 50% jump from 2019. The industry group further predicts that some 430 million people will work in the industry—that’s 1 of every 9 jobs worldwide.
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• Closing Oil & Gas Prices for Monday
  Benchmark U.S. crude oil for September delivery...
  Benchmark U.S. crude oil for September delivery fell 53 cents to $80.72 a barrel Monday. Brent crude for October delivery fell 34 cents to $84.46 a barrel.
  
  Wholesale gasoline for September delivery fell 5 cents to $2.77 a gallon. September heating oil fell 4 cents to $3.12 a gallon. September natural gas rose 8 cents to $2.63 per 1,000 cubic feet.
  
  
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• S&P 500, Nasdaq close higher after three straight weekly declines
  The S&P 500 and Nasdaq Composite finished with their first...
  The S&P 500 and Nasdaq Composite finished with their first gains of the past five sessions on Monday, despite another surge in long-dated Treasury yields and lingering concerns about China’s economy.
  
  The Dow Jones Industrial Average DJIA ended down by 36.97 points, or 0.1%, at 34,463.69 after dropping by as much as 252.2 points earlier in the day.
  
  The S&P 500 SPX closed up by 30.06 points, or 0.7%, at 4,399.77.
  
  The Nasdaq Composite COMP finished up by 206.81 points, or 1.6%, at 13,497.59.
  
  “We’re seeing the bond-market selloff intensify here in advance of Fed Chairman Jerome Powell’s Jackson Hole speech, which shows you how the market wants to position ahead of that,” said Edward Moya, a senior market analyst for the Americas at OANDA Corp. “The Fed is likely to remain hawkish, suggest it will remain aggressive in fighting inflation, and signal more rate hikes are possible.”
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• Market Digests $1 Trillion Jump in T-Bill Supply Without Hiccup
  The government has issued an eye-watering $1 trillion in Treasury...
  The government has issued an eye-watering $1 trillion in Treasury bills since the debt ceiling was suspended in early June. So far, the market hasn’t batted an eye.
  
  For all the concerns about whether the market would be able to take up the supply, investors faced with uncertainty over the economy and the Federal Reserve’s policy path have piled into short-term debt, earning more than 5% yield to mop up the issuance.
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• Spring construction may be possible for $700M power plant
  Power providers believe they can start construction in the spring on a $700 million gas-fired power plant...
  Power providers believe they can start construction in the spring on a $700 million gas-fired power plant in Superior, Wis. if ongoing environmental and legal challenges can be overcome. First proposed in 2017, the Nemadji Trail Energy Center made progress this week with a labor agreement between Minnesota Power and the Northern Wisconsin Building and Construction Trades Council.
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