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| New to the newsletter? Subscribe to The Daily Money to get the best consumer and financial news from USA TODAY delivered to your inbox every weekday morning. And give our news-inspired Spotify playlist a listen. It features every song quoted here. |
| Good morning and happy Friday, Daily Money readers. it's Jayme Deerwester here with you. |
🚨 Walmart drives up pay for truckers 🚨 |
| Walmart is boosting pay for its truck drivers. |
| In a blog post Thursday, the nation's largest retailer announced a driver pay increase and said it launched a training program to give employees who work in its distribution or fulfillment centers a chance to become certified Walmart truck drivers. |
| The pay raise for the company's 12,000 truck drivers makes the starting range for new drivers between $95,000 and $110,000, according to Walmart spokeswoman Anne Hatfield. The retailer said that $87,500 had been the average that new truck drivers could make in their first year. |
| The new private fleet development effort is a 12-week program taught by the company's "established drivers" who will be called "Certified Driver Trainers." |
📰 More headlines you can't miss 📰 |
| BIZARRE LOVE TRIANGLE: Love triangle: Spirit agrees to talk with JetBlue amid merger with Frontier. |
| STUDENT LOAN PAUSE EXTENDED THROUGH AUGUST: Here's what borrowers should know. |
| MUST-KNOW TAX INFO: Key dates for filing and extensions, claiming credits and planning for refunds. |
| PLANNING TO VISIT THE SMOKY MOUNTAINS? It will soon cost you more to park or reserve a campsite at America's most popular national park. |
| SMALL BUSINESS QUIZ: How much do you know about operating a company? |
💡Russian influencers declare war on the House of Chanel💡 |
| As luxury brand Chanel cuts off sales to Russia as part of EU sanctions to protest the invasion of Ukraine, Russian social media influencers are cutting up the brand – literally taking scissors to their handbags. |
| Chanel closed its stores in Russia in March to comply with European Union sanctions that ban the sale to Russia of luxury goods priced at more than $327. Chanel's handbags often go for thousands. |
| Russian influencers and socialites who claim this is an act of Russianphobia are boycotting the brand and posting videos to Instagram ruining their Chanel bags. |
| "If Chanel House does not respect its clients, why do we have to respect Chanel House?" Russian model Victoria Bonya said as she went Edward Scissorhands on a handbag in a video for her 9.3 million Instagram followers. |
💸 Taxes 💸 |
| A clever little term is being bantered about on social media this tax season to describe how tax preparers might break the bad news to clients: Congratudolences. |
| As in "Congratulations on your success – condolences for what's ahead." It's something you might say to someone who made a lot of extra money through the stock market, mutual fund dividends or crypto last year and is now seeing eye-popping numbers for taxable income, often triggering tax bills many never imagined. |
| The biggest "surprise" tax bills involve capital gains distributions from mutual funds held outside of a traditional 401(k) or tax-deferred IRA. |
| "Most taxpayers do not realize that mutual funds must distribute the capital gains that are realized within the fund," says Indiana-based tax specialist Matthew Cordes. |
| By the way, did you join the Great Resignation last year? Find out how your career pivot might impact taxes by reading this Sunday's special tax season edition of The Daily Money. |
🎧 Mood music 🎧 |
| The images of influencers hacking up their quilted double flap bags reminded me of the video for Blu Cantrell's revenge anthem "Hit 'Em Up Style (Oops!)": |
| "What happened to the days when we used to trust each other? And all of the things I sold will take you until you get old to get 'em back without me. 'Cause revenge is just better than money, you'll see." |
| LISTEN WHILE YOU WORK: You can hear just about every song quoted in the newsletter on the Daily Money Mood Music playlist on Spotify. |
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