Boeing leaders face another picket line after machinists in its St. Louis-area defense business rejected their latest contract offer.

The union division that represents about 3,200 workers in Missouri and Illinois on Sunday rejected the aerospace giant’s latest four-year contract proposal, threatening the company’s fragile turnaround effort. The workers went on strike at midnight.

The machinists had worked without a contract for the past week as company and union representatives haggled over work schedules and benefits, among other issues.

Monday

Earnings: IDEXX Laboratories, On Semiconductor, Palantir Technologies, Wayfair, Williams Companies, Vornado Realty Trust, ZoomInfo Technologies

Tuesday

Earnings: Aflac, Amgen, Apollo Global Management, Aramark, Arista Networks, Ball, BP, Broadridge Financial Solutions, Caterpillar, Celsius Holdings, Devon Energy, Duke Energy, Eaton, Fox, Garner, GlobalFoundries, Lucid Group, Marathon Petroleum, Marriott International, Match Group, Molson Coors Beverage, Mosaic, News Corp., Paylocity Holding, Pfizer, Public Service Enterprise, Rivian Automotive, SK Telecom, Snap, Suncor Energy, Super Micro Computer, Toast, Yum! Brands and Zoetis

The Institute for Supply Management releases its Services Purchasing Managers’ Index for July.

Wednesday

Earnings: Airbnb, APA, Bloomin’ Brands, Brookfield Asset Management, Bumble, DoorDash, e.l.f. Beauty, Emerson Electric, Fortinet, McDonald’s, MetLife, Monster Beverage, Novo Nordisk, Planet Fitness, Shopify, Thomson Reuters, Uber Technologies and Walt Disney

Thursday

Earnings: Atlassian, Barclays, Block, Brookfield, ConocoPhillips, Consolidated Edison, Constellation Energy, Eli Lily, Expedia Group, Gilead Sciences, GoDaddy, Live Nation Entertainment, Microchip Technology, Motorola Solutions, Occidental Petroleum, Restaurant Brands International, Shell, Toyota Motor, Vistra and Warner Bros. Discovery

​​The Federal Reserve reports consumer credit data for June.

The Department of Labor releases initial jobless claims for the week ending Aug. 1.

Friday

Earnings: AMC Networks, Under Armour and Wendy’s

Late summer is typically one of the slowest times for dealmakers. Not this one.

A sudden rebound in corporate tie-ups has bankers and lawyers scrambling. Vacation homes are sitting empty, families are being left in the lurch—and dealmakers are more energized than they have been in years. The past week alone was the highest-volume week for mergers and acquisitions for U.S. companies since 2021, according to LSEG.

📰 Other headlines

• AI Is Coming for the Consultants. Inside McKinsey, ‘This Is Existential.
• Trump Seeks Bigger Overhaul at Labor Statistics Bureau, Adviser Says
• The Economist Trump Targeted Over ‘Rigged’ Jobs Data
• Tequila, Drugs and Torture: The Spending Binge of Two Crypto Bros That Ended Behind Bars
• A Steep Mountain Drive, a Brake Failure and a Volvo Recall
• Exclusive: Amphenol Nears Big Broadband Deal in AI Boom
• Is It Still Disney Magic If It’s AI?
• Cash Windfall From Trump’s Tax Law Is Starting to Show Up at Big Companies
• For a Few CEOs, Pay Keeps Growing—by the Billions

Grindr, the West Hollywood, Calif.-based dating platform, said its CFO Vanna Krantz has decided to transition out of the role upon the appointment of her successor. Krantz will remain CFO until her successor is named and will assist the company with the transition of her responsibilities.

The Wall Street Journal's CFO Journal offers corporate leaders and professionals CFO analysis, advice and commentary to make informed decisions. We cover topics including corporate tax, accounting, regulation, capital markets, management and strategy.

Follow us on X @WSJCFO. The WSJ CFO Journal Team comprises reporters Kristin Broughton, Mark Maurer and Jennifer Williams, and Bureau Chief Walden Siew.

You can reach us by replying to any newsletter, or email Walden at walden.siew@wsj.com.