Good morning. The more you know, the better positioned you are — whether it's making the right moves for retirement, understanding your rights when technology fails you, or keeping tabs on where public money ends up. Today's three stories are worth reading closely.
On The Money Today:
Jim Cramer says most people are making one investing mistake that's quietly killing their retirement
A Waymo sped through a highway construction zone out of control. The company's response was $120 in free rides
'Finally we feel like we're getting a little something': Jan. 6 rioters hope to get a piece of Trump's $1.8 billion IRS settlement pie
Let's get into it.
Most people think they're building wealth by staying active in the market. Jim Cramer says that's exactly the problem. The Mad Money host calls short-term trading the retirement killer most investors don't see coming, and says getting out of the rat race early comes down to three specific assets. Most people are missing at least one.
SPONSORED BY 1440
Every day, the 1440 team of editors hand-selects and summarizes the most important stories from over 100 trusted sources. The result? A 5-minute newsletter that’s fast, factual, and refreshingly human. No bots. No bias. Just clear, comprehensive news on politics, business, and culture trusted by over 4 million readers and always free.
A California couple's Waymo took off through a highway construction zone while they sat completely helpless in the back. Once the ordeal was over, Waymo offered them $120 in free rides. But the bigger issue is what most riders don't know: when a driverless car goes wrong, there's no driver to hold liable, and legal experts say most people have no idea how exposed they are.
The Justice Department has opened a $1.776 billion fund for anyone who claims they were targeted by the government, and Jan. 6 defendants are first in line. Some are hoping for $2 to $5 million each. The fund came from Trump settling his own IRS lawsuit, and critics say a procedural quirk may make it nearly impossible to challenge. Even former FBI director James Comey — one of Trump's most prominent opponents — says he'll be filing a claim.
ALSO MAKING THE ROUNDS TODAY
NEWS: A woman in her 70s handed over $900,000 in gold coins to a man she believed was from the Federal Trade Commission — and she's far from alone
TAXES: Bernie Sanders wants to tax 938 billionaires and send $12,000 directly to working families — Bezos says it won't help that teacher in Queens
NEWS: Jeff Bezos says his companies do more good for society than his philanthropy ever could — and Elon Musk agrees
INVESTING: Trump's plan to sell Nvidia chips to China just hit a wall — Beijing won't approve a single purchase and it could cost Nvidia $30 billion
HAVE YOUR SAY
Should Jan. 6 rioters receive money from Trump's $1.8 billion settlement fund?
That's a wrap for today! Before you go, we'd love to know what you thought of today's newsletter. Hit REPLY if you have more to share — we read every one.
See you soon with another quick roundup of the financial news that matters.
