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🏝 Spring Broke
Spring break is cancelled, Boeing's problems are coming in droves and more
Brooks Dyroff
March 13, 2024
Happy Wednesday, Zingers! It’s exciting getting your first job out of college. Getting to dress up and feel ‘grown up,’ meeting a whole new group of people, and so on. What’s less exciting? When the realization hits that you’re in the real world and there’s no such thing as ‘Spring Break’ anymore.
It’s that time of the year again for many beach towns across the country. That is, aside from Miami. In case you missed it, Miami released commercials and PSAs that the city is ‘cancelling’ spring break, telling drunk college kids, “It’s not me, it’s you.” So I guess I’m not the only one missing out on Spring Break this year.
Before we dive in, want to bring in a little extra cash without picking up a second job? Check out today’s partner.
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MARKET SNAPSHOT
Yesterday: The market sold off on hotter-than-expected inflation for about 5 minutes before the dip buyers came in. All major indices closed in the green - and very close to their all-time highs.
On Our Radar: No economic data scheduled today, but we will hear from companies like Dollar Tree, SentinelOne, UiPath, and more.
TOP STORY
Briefly: Who knew that when Smash Mouth said “and they don’t stop coming” the band was talking about problems at Boeing? The largest U.S. plane maker is back in the news for a bad reason, failing 33 of 89 audits from the FAA.
Zooming In: $BA was reported on Tuesday to have failed 33 out of 89 audits carried out by the Federal Aviation Administration following the Alaska Air incident in January where a door panel blew out of a 737 Max jet.
Illuminated Issues: The regulator’s audits exposed a problem with the door plug that was responsible for the January incident. A concurrent audit of Spirit AeroSystems, which supplies Boeing with fuselages, failed seven of 13 tests, including the installation of cockpit windows.
Losing Altitude: Boeing shares fell 4.2% to $184.40 in midday trade in New York after news of the FAA’s findings broke.
PRESENTED BY FINANCE BUZZ
When rent is due on the first of the month, it can be a stressful moment for millions of Americans. Things aren't getting any easier either with soaring inflation, a pending recession, and stratospheric interest rates all happening at the same time.
If you’re struggling financially, you’re not alone. Here are 6 weird (but totally normal) things you can do right now that could help with paying your rent on time.
FIVE ZINGERS
Get In Early: Reddit is set to IPO next week and some lucky investors can get in before the company goes public. Here’s how.
Fighting Words: Edward Snowden is taking shots at Jamie Dimon after the JP Morgan & Chase Co CEO said he would never buy a Bitcoin.
Choose Rich: Speaking of Miami… this crypto bro is going viral on X for his videos showing off his lifestyle and why he ‘chose rich.’
Stream On: Netflix shares traded higher yesterday following bullish coverage from an analyst at Oppenheimer.
More Gas In The Tank: While many investors have been quick to call the recent market rally a bubble, one analyst thinks we’ve got a ways to go.
ONE FOR THE ROAD
Basically: The 2024 NFL season kicks off on Wednesday, March 13, setting the stage for an exciting time of free agency and team trades. As these moves shake up team rosters, they’re also causing shifts in the Super Bowl LIX betting odds across sports betting platforms.
What Happened: The Kansas City Chiefs won Super Bowl LVIII to become the first team in 19 seasons to win back-to-back Super Bowls. The Chiefs remain one of the betting favorites to win a third-straight Super Bowl, a feat that has never happened in NFL history.
Making Moves: Other teams have been more active in the early days of free agency, as teams were able to negotiate with players beginning Monday. Many verbal contracts have been signed ahead of Wednesday's start to the season.
New Homes: Some of the most notable acquisitions to date were quarterback Kirk Cousins with the Atlanta Falcons, running back Saquon Barkley with the Philadelphia Eagles, and quarterback Russell Wilson with the Pittsburgh Steelers. The Eagles have climbed into the top 10 betting favorites at +1,700 after acquiring Barkley.
Click here to see how other signings impacted odds for next year’s Super Bowl.
PRESENTED BY FINANCE BUZZ
There’s nothing to be ashamed of if you're living paycheck to paycheck or struggling to make ends meet.
But not all of us have the time or luxury of picking up another job to make extra cash. It's tiring to work so many hours for very little take-home pay.
Thankfully, there are a few ways that you can make some money (and save some too) by not getting a job. If you're struggling financially, here are 6 insanely easy things you can do right now that could help.