Good morning. Today's issue is about knowing what you're actually dealing with — whether it's your retirement savings, an investment that sounds too good to be true or your legal rights.
On The Money Today:
Mark Cuban says your 401(k) is quietly making billionaires richer — and argues it's doing the same for you
A Texas couple promised 800% returns and exploited their community's faith to steal $30 million
A Dallas artist's 27-year mural was painted over for the World Cup — now he's fighting back in court, and our comments section is heating up.
Let's get into it.
When critics attacked Elon Musk's trillion-dollar fortune, Mark Cuban pushed back with a point most people miss: billionaires get rich because 150 million Americans choose to own shares through their retirement plans. When those stocks rise, so does your 401(k). But Cuban's argument cuts both ways — and the part about who actually captures the biggest gains is worth reading.
IN PARTNERSHIP WITH Goldco
Like most Americans, you may be rightly worried about the economy, rising inflation and the value of your hard-earned savings. Physical gold and silver have long served as a hedge against both — and for many, a precious metals IRA is one way to protect retirement savings from what's coming.
Goldco's free guide covers everything you need to know, whether you're a first-time buyer or already own precious metals.
LaShonda and Marlon Moore built their scheme around faith, cultural ties and language people wanted to believe. One woman was recruited by her church minister and charged $34,000 to her credit card. Another handed over $8,400 after being told it would help build Black wealth. The FBI says affinity fraud is one of the hardest scams to spot — here's what gave them away.
Wyland's whale mural stood in Dallas for nearly three decades. Then FIFA painted over it for the World Cup without his consent — and he's suing for $25 million. Our online community has plenty to say about it. Read the story and add your opinion in the comments section.
What our readers are saying:
Bwoke4vr Woke4life: His lawsuit is ridiculous and no “harm” was done to him. This is about ego and legacy than the actual damage that warrants a tort lawsuit. The artist should be grateful the city kept the mural for 27 years period.
Jennifer Chang: It was unnecessary. Why couldn't they just put up a temp banner? FIFA will be over soon
ALSO MAKING THE ROUNDS TODAY
NEWS: Single women are buying homes at record rates, and some men say it's making them feel like they have nothing to offer
NEWS: Red Lobster's CEO wants to make it the most AI-forward restaurant company in existence and he's already chosen his tool
NEWS: Trump has floated it twice now, give Americans a direct cut of the AI boom's profits and some Big Tech CEOs aren't opposed
INVESTING: 'Shut up and invest': Dave Ramsey says most millionaires just copied the guy in the next cubicle
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.
