Plus, tariff rebate checks?
| |  | | August 1, 2025 | | | | | | | | Affordable Care Is Set to Get Less Affordable | By Lindsay VanSomeren
If you're one of the millions of Americans who buy their own health insurance from a public exchange, get ready for a spike in costs next year. Not only are COVID-era subsidies on the premiums set to expire, but insurers are expected to raise the premiums themselves by more than they have in any year since 2018 — by a median of 15%, according to one analysis. The bottom line: It's time to make an action plan. | | | | | | | | |   | | The Fed's July Statement: A House Divided | The Federal Reserve's July meeting concluded with a decision that was both widely expected yet still surprising. As anticipated, the Fed held its benchmark federal funds rate steady in a target range of 4.25%−4.50% for the fifth consecutive meeting.
The real story, however, was in the vote count. For the first time since 1993, two of the Fed's governors cast dissenting votes, arguing instead for a 25-basis-point cut.
Read more | | | | | | | | 56% | That's the percentage of federal student loan borrowers who find their monthly payments are limiting their ability to save or invest, according to an online poll commissioned by Empower in June.
About the same percentage — 57% — said in hindsight, they would not have taken on as much debt. And 45% said they'd delayed major financial moves, such as buying a home, because of their loan obligations.
Perhaps more than ever, would-be college students face tough financial decisions. And as big changes come to the federal student loan system, it's all the more important to stay informed and proactive. Track all the important updates in On the Money and SoFi's student debt guide. | | | | | |  | | Tariff rebate checks? Here's what's being proposed. (NBC News) | | | | | | | | | | | | Informed investment decisions start with informed insights. Here's what's making headlines:
🏠 OpenDoor (OPEN), the home-flipping company that surged in the latest meme-stock rally, said it would postpone its vote on doing a reverse stock split until Aug 27. The company is set to report quarterly earnings next week. (The Motley Fool via MSN)
☕ Though quarterly earnings at Starbucks (SBUX) missed analysts' estimates and same-store sales fell again, CEO Brian Niccol said the company's turnaround strategy is ahead of schedule. (CNBC)
🚂 Rail giant Union Pacific (UNP) agreed to acquire its rival Norfolk Southern (NSC) in a $72 billion cash-and-stock deal. The deal, poised to be the industry's largest ever, would form the only transcontinental railroad in the U.S. (Bloomberg via MSN) | | | | | | | | | Intel, insights, and inspo for your money. | | On the Money cuts through the noise of day‑to‑day financial news to bring you a more thoughtful point of view on what's important in this moment — and how it impacts your bottom line. We value your trust above all. | | | | | | | | | | Did you find today's newsletter valuable? | | | | |
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