Pandemic gains in American wealth are melting away. American household net worth declined for the third consecutive quarter this year as stocks were hit hard by rising interest rates.

• Plus, fires prompt a movement to ban e-bikes.
• And, Utah becomes the latest state to partially ban TikTok.

Guests: Axios' Matt Phillips and Jennifer Kingson.

Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Lydia McMullen-Laird, Robin Linn, Fonda Mwangi and Alex Sugiura. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.

Go Deeper:

• The pandemic gains in American wealth are melting away
• Buildings are banning e-bikes amid deadly battery fires
• Utah governor bans TikTok on state-owned devices, citing cybersecurity concerns