Weekly Digest - June 10, 2022

Jun 10, 2022

Welcome back to our Weekly Digest. Read on for the latest updates.

Price of gas rises yet again

The national average gas price is now $4.87, with ten states sitting at over $5 a gallon. Many more states are just pennies away, and costs are expected to rise further over the summer.


Elon Musk threatens to walk away from Twitter deal

Musk openly accused the social media giant of breaching their merger agreement on Monday, accusing them of not providing the data he has requested regarding spam and fake accounts.


UK trials a 32-hour work week

Over 70 companies and 3,300 workers are participating in the world’s largest labor experiment, where only four days of work will be required without a pay cut. The trial will last six months.


Peloton names new CFO

As the home exercise equipment company navigates persistent losses, Liz Coddington was named the new CFO. This comes just four months after Peloton named a new chief executive and before the end of its fiscal year on June 30.


Morgan Stanley executive warns of volatile market conditions

The co-president of Morgan Stanley says that as fears of recession continue, investors should brace themselves for a “hot and cold” market environment in the coming months.


One of first Starbucks to unionize will close

Less than two months after the store in Ithaca, New York, voted to unionize, Starbucks informed staff the store will close with one week’s notice. The closure is being called a “blatant and illegal retaliation” by workers.


JetBlue revises Spirit Airlines offer

After a hostile takeover bid last month, JetBlue improved its offer on Monday to buy Spirit Airlines. The new deal would see Spirit owners receive $31.50 per share.


Bitcoin rises over the weekend

After a 6-month slump, Bitcoin finally enjoyed a 4.3% rise on Monday. The world’s largest cryptocurrency has been mostly moving in tandem with traditional markets, with investors seeking the bottom in the chaos.


Apple introduces its own version of buy now pay later

Apple announced its Apple Pay Later service on Monday at WWDC. The new financial product allows you to make four equal payments over six weeks with no interest or late fees.


Personal finance advice rarely accounts for the emotional aspect of money

Budgeting tips don’t go far without addressing the emotional part of decision-making. Read on for tips on how to handle emotions when managing your accounts.