Good morning. Your gas tank, your driveway and your portfolio are all taking hits from different directions right now. Today we break down what's driving it.
On the money today:
Iran is charging ships $2M to pass through the world's most important oil lane — what it means for gas prices
A Bay Area customer didn't pay for their dumpster rental — the company had a very messy response
'We will not survive': Toyota, Honda and Ford CEOs issue chilling warning about China — and it could hit your portfolio
Let’s get into it.
A quarter of the world's seaborne oil moves through the Strait of Hormuz. Right now, that passage isn't free — and what happens next could show up at every gas station in America. The full picture is more complicated than the headlines suggest.
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The whole thing was caught on a Ring camera. A dumpster company showed up to retrieve its bin, found it full and made a decision that landed everyone in a much bigger problem. Neighbors called police. Code enforcement opened a case. And in California, the person who ends up responsible for the cleanup bill might not be who you'd expect.
China now produces 70% of all new electric vehicles on the market. It has the factory capacity to serve the entire North American auto market. And the CEOs of three of the world's biggest automakers have gone on record about what that means for their companies. If you own auto stocks — or funds that hold them — this warning is worth your attention.
ALSO MAKING THE ROUNDS TODAY
TOP STORIES Trump fired Kristi Noem, but her $70 million luxury jet is staying, and the tab is on taxpayers
HOW TO EARN MONEY A full-time lineman with two kids and a 24/7 on-call schedule earns $10,000 a month from Amazon — spending no more than 20 hours of work a month to do it
BUDGETING An MIT-backed tool can now show you exactly why your electricity bill keeps climbing — down to your neighborhood
NEWS Trump imposed 50% tariffs on foreign steel to protect American workers — his $400 million White House ballroom is reportedly being built with steel from Luxembourg
That's it for today! Before you go we’d love to know what you thought of today's newsletter to help us improve the Moneywise experience for you.
See you soon with another quick roundup of the financial news that matters.
