BusinessThe Street•6 hours agoA Staggering 225,000 People Will Graduate from Walmart College This Year
Walmart expects to graduate 225,000 employees from its new training academies this year, CEO Doug McMillon revealed on Thursday. "Remember, 75% of Walmart U.S. store management teams started as hourly associates so it's critical we provide effective training for our associates as they take on more responsibility in our company," said McMillon, who started working in Walmart's stores as a teen. Last February, the same day Walmart raised wages for 1.2 million employees, it opened its first training academy. The academies, which are often in separate buildings on a Walmart store site, teach employees fundamental retail skills that go beyond stocking shelves and customer service, such as which
- FinanceBusiness Insider•yesterday
Bank of America's CEO says a pre-crisis idea could make it easier for millennials to buy homes
While homeownership has fallen, home prices have jumped back to pre-crisis levels, suggesting the cost and requirements for getting a mortgage are holding back many would-be buyers. Brian Moynihan, Bank of America's CEO, told CNBC on Thursday that eased regulations including a lower down payment could make it easier for millennials, in their household-formation years, to buy homes. "Our goal, going back to regulatory reform, is should you move the down-payment requirement from 20% to 10?" Moynihan told CNBC's Kelly Evans.
- BusinessCNBC•yesterday
How one couple paid off $18,000 in student loans in 54 days
"I couldn't help but realize that I had taken on way more than I could handle," Cahill tells CNBC. By February 2016, he and his wife Meg, 28, had wiped out his undergrad loans and started to make a dent in his grad school loans. By April 2016, 54 days after committing to tackling the remaining debt, the Cahills were completely debt free, thanks to extreme saving and a decision to dip into their robust emergency fund.
