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Walmart Layoffs

As of May 14, one of the largest employers in the United States is laying off over 500 employees in several locations. What's the deal with that?

Walmart is cutting hundreds of corporate jobs and requiring remote employees to return to office hubs, including its Bentonville, Arkansas headquarters. This move aims to boost collaboration and efficiency. It's significant for American citizens as it reflects broader trends in the job market towards in-person work and corporate restructuring, impacting employment and local economies. The changes come amidst ongoing adjustments post-pandemic and may influence similar policies in other large companies.

For more details, visit USA Today.

Biden Sells Off Northeast's Gasoline Stash – Just in Time for Your Summer Road Trip!

The Biden administration plans to close the Northeast Gasoline Supply Reserve by selling nearly 1 million barrels of gasoline.

What does this mean for you?

• This means you'll see lower gas prices just in time for your summer travels.

• Customers can double down by taking advantage of memberships at Costco and Kroger.

• Estimated 31.5 million gallons of gasoline will not be enough to cover the anticipated travel demands this summer so take advantage of the cheaper prices while you can! (Reuters)​

What the F**K is going on with Boeing Aircrafts?

Boeing and its planes have been hogging the spotlight lately, and not in a good way. They've been in the news more often than celebrity gossip – and at least one incident is so scandalous it's got investigators on high alert.

In the past three months alone, there have been a whopping nine incidents involving Boeing airplanes.

But hey, should we start hitchhiking instead? Is flying still safe?

Well, fear not, The International Air Transport Association suggests, According to their data, 2023 was a breeze for air travel safety.

Their report proclaimed that not a single jet aircraft suffered a fatal accident or hull loss that year. While there were approximately 30 accidents overall, that's a notable decrease from the 42 calamities of 2022.

However, the plot thickens: in a twist that seems ripped from a mystery novel, two Boeing whistleblowers were recently found dead under suspicious circumstances. These whistleblowers had raised alarms about safety issues within the company, adding another layer of intrigue and concern to Boeing's already turbulent situation.

Can you split the check? Yes, you can! 

Try this simple strategy to take back control of your spending. Splitting your check from work can help you divide up your income, making it harder to access and curbing impulsive spending. We recommend setting up an account for each of the following categories:

• Bills (loans/debt)

• Everyday spending

• Taxes

• IRA/401k

Life Style Inflation

You started a new job and are making more than you were at your last company. Should you buy that new truck? The answer is no, but it isn't that simple.

Everyone's financial situation is different; however, we have noticed that it's a common habit to start spending more once we start earning more. Because you can doesn’t always mean you should!

Fun fact: Auto loan delinquency rates are at the highest level in 30 years. (Read more)

Beehiiv Buzz 🐝

The newsletter business is hotter than a jalapeño these days, with Morning Brew selling to Axios for a cool $75 million and The Hustle going to HubSpot for $25 million.

Enter Tyler Denk, who birthed Beehiiv during a week off between jobs at Morning Brew and YouTube Music. It started as a side hustle – because who doesn’t start a multi-million dollar company in their spare time? With the finesse of a magician pulling a rabbit out of a hat, Denk turned Beehiiv into a top-tier newsletter growth tool, giving Substack and Mailchimp a run for their money.

Here's the kicker: Denk wasn't even a software engineer. He was a mechanical engineer from the University of Maryland who decided to build startups instead of engines. After a series of crash-and-burn ventures in his early twenties, he finally struck gold with Beehiiv. Talk about persistence paying off!

That’s it for this week, don’t let the excitement end here - stay tuned for next week!

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~ Ctrl+Alt+Finance ✌️