Axios

U.S. consumer spending gained steam from June to July, helping push the personal saving rate down to 2.9% last month.

Why it matters: The savings rate — the amount of money people are putting away as a percentage of disposable income — dropped to its lowest level since June 2022.

Tens of thousands of people will watch a giant wooden figure burn to ash in the middle of a Nevada desert tomorrow.

Zoom in: Billionaires, investors and tech tycoons are typically among those gathered for the annual tradition that symbolizes self-reinvention, as Burning Man — an arts and musical festival celebrating self-expression — draws to a close this weekend.

• Over the years, the "you kind of have to be there yourself to understand" gathering has attracted Elon Musk, Mark Zuckerberg, Jeff Bezos and Ray Dalio among others.

What they're saying: "Curiouser & Curiouser," taken from Alice in Lewis Carroll's "Alice in Wonderland" is this year's theme — but really, it could be the theme any year.

Hope's thought bubble: It's always fun to see serious people let (very) loose.

Dick's Sporting Goods, the country's largest supplier of athletic equipment, is responding to a likely cyberattack, according to a recent public filing.

Why it matters: The company has hundreds of stores across the U.S., and it's unclear what, if any, data was stolen as part of the incident.

Add cyberattacks to the long list of headaches that travelers have to brace for heading into a busy Labor Day weekend.

Why it matters: System outages and service delays are now a normal part of the flying experience, between last month's CrowdStrike outage and last weekend's cyberattack on Seattle-Tacoma International Airport.

We have done plenty of hand-wringing here about the various risks to the economy. In particular, a recession could arrive, or inflation could reignite. But that was decisively not what was happening in July.

Why it matters: New data on incomes, consumer spending and inflation in mid-summer point to an economy in happy balance.

This week, Australia became one of a growing group of countries that give workers the "right to disconnect" — they don't have to respond to after-hours messages or calls from the boss unless it's an emergency.

Why it matters: The always-on work culture that's taken root among knowledge workers can lead to unhealthy levels of stress, harming people's lives outside the office.

Intel has asked Goldman Sachs and Morgan Stanley to evaluate strategic options that could include a sale or spinoff of its manufacturing unit, as first reported by Bloomberg.

Why it matters: Intel isn't just one of America's oldest chipmakers, but it's also a key national security asset. CEO Pat Gelsinger desperately needs to right the ship, even if that requires a drastic course correction.

Want a career in America's fastest-growing field? Head to the Dakotas or Colorado, and look for jobs in wind energy.

Why it matters: Wind turbine service technician is the hottest job in the country, per the Bureau of Labor Statistics, with 60% growth projected between 2023-2033.