The invisible hand’s using a five-finger discount… Shoplifting has grown more common in the US according to a new survey from loan comparison site LendingTree, as the share of Americans who say they’ve shoplifted rises to nearly a third — up from just 23% who said the same in 2024.

The increase was particularly pronounced among the youngest generations, while some 90% of respondents who said they’ve shoplifted blamed inflation and the current economy.

Markets were relatively flat, continuing the relatively muted week, extending a relatively boring month. We here at Snacks hope everyone on Wall Street is enjoying their vacation!

As we head into the penultimate day of the Farnborough Air Show — a biennial event where aerospace and defense industry titans, innovators, and people who just like planes travel from across the globe to marvel at new technological developments and, more importantly, sign huge deals — it won’t just be the show organizers who hope they can stick the landing. 

This year’s attendance is expected to outstrip the record 100,000-strong turnout from 2024, but few among the throng will have as much riding on the event as execs from Boeing and Airbus, the world’s leading airplane manufacturers, which rely on Farnborough to boost their order book each year:

Still, as anyone in the industry will tell you (at least when they get back from Farnborough), there’s a big difference between securing hundreds of aircraft orders and managing to actually make those deliveries.

Despite both manufacturers continuing to rack up orders of late, a combination of geopolitical instability, trade restrictions, increased demand, constrained supply of key materials, and numerous other factors has made fulfilling aircraft commitments trickier, with annual deliveries yet to reach their pre-pandemic levels again. 

As Boeing CEO Kelly Ortberg succinctly put it in an interview with the Wall Street Journal ahead of this week: “Orders are not our challenge, our challenge is getting these orders delivered.”

Although the Farnborough Air Show might be good for securing business, schmoozing, and making splashy announcements, there remains an underlying production bottleneck issue in the aviation industry compared to previous years, with the International Air Transport Association highlighting a delivery shortfall of at least 5,300 aircraft and a record 17,000-jet backlog in its global outlook report at the end of last year.

— Tom Jones