Good morning. When the rules don't apply equally, somebody else always pays the price. Three stories today that make that impossible to ignore.
On The Money Today:
Meta scored a $3.3 billion tax break by hiding behind a shell company — and someone has to pay for it
A fake dentist made $4 million before anyone caught on. His clients never stood a chance.
Trump calls out a stock after its founders gave him $6.25B. Should you trust that tip?
Zuckerberg's company didn't apply as Meta. It used a shell company called Laidley LLC and a code name — and by the time Louisiana connected the dots, the $3.3 billion tax exemption was already approved. Now the data center could consume 20% of the state's power grid, and electricity prices near sites like this have climbed as much as 276% in five years.
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Brandon Dillard looked legitimate. Professional office, polished branding, thousands of clients — and not a single dental license to his name. He allegedly made $4 million before anyone caught on. Now facing 113 charges, his defense is that he didn't know he was breaking the law. The question worth asking: how do you even spot someone like this?
At a White House Mother's Day event, Trump singled out the Dell family by name and told Americans to go buy their products. The stock jumped 14% that day. What followed was a wave of investors acting on a presidential endorsement — without knowing what came before it. Understanding the full picture can protect your money.
ALSO MAKING THE ROUNDS TODAY
NEWS: Gavin Newsom just issued a final warning to 15 California cities over housing and the affordability crisis he's fighting isn't just a California problem
AUTO: Hertz is selling 8,000 used rental cars on eBay right now and with new car prices averaging $49K, it might be worth a look
EMPLOYMENT: Kevin O'Leary says Steve Jobs gave him the best career advice he ever received and it comes down to just three things a day
HOW TO EARN MONEY: This California couple had no experience, opened a burrito spot in a Home Depot parking lot and turned it into a $2.3 million business
HAVE YOUR SAY
Should presidents be allowed to publicly push individual stocks?
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See you soon with another quick roundup of the financial news that matters.
