💸 Why tariffs are a unique threat to groceries

Plus, test your memory with our new weekly quiz
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SoFi On The Money
August 8, 2025
 
 
Put your knowledge to the test. Starting today, we'll have a new 5-question quiz every Friday on topics covered in the past week's newsletters. See if you can get a perfect score.
 
 
THE SOFI SO WHAT

As New Tariffs Kick In, We Can't Avoid All Imported Foods
By Al Lewis

As a new layer of tariffs takes effect this week, there will be unique repercussions on food prices. While manufacturers might replace imported materials with domestic alternatives, we can't grow everything we eat and drink here in the U.S. And the ongoing trade war will affect an estimated 74% of all imported foods. Here's what to expect.
Read more
 
 
Liz looks at - Liz Young, Head of Investment Strategy, SoFi
Fresh Eyes, Fresh Highs
I'm back from spending a few months with our beautiful new baby boy, and somehow it seems like even though much has changed, much has stayed the same. After having the opportunity to step back from the constant stream of headlines, the intraday swings in bond yields, the whipsaws of sentiment, and the ever-present fixations on Fed statements, I can confirm that an occasional change of pace is essential for us as investors — and humans.

Since we can't take a few months off every year, we'll have to find other ways to look through a fresh lens. I've always understood the virtue of seeing the bigger picture and being patient, but perhaps I didn't fully appreciate the benefits until now. Here's why.

Read more
 
 
BUSINESS BITES

Informed investment decisions start with informed insights. Here's what's making headlines:

📱  Apple (APPL) said it will invest another $100 billion in U.S. manufacturing, bringing its cumulative commitment to $600 billion. President Trump recently added extra tariffs on imports from India, where Apple assembles many of its iPhones. (Apple)

🍟  McComeback: McDonald's (MCD) had an uptick in U.S. sales after two straight quarters of declines. The Golden Arches credited part of the turnaround to its "Minecraft Movie" meal deal and the launch of crispy chicken strips. (CNN)

🍫  M&M's maker Mars said it partnered with a biotech firm to gene-edit cacao plants to be more resistant to climate-related stresses. Cocoa prices have soared as severe weather and diseases shrink global supply. (CNBC)
 
 

Which company popped on its first day of trading after IPO'ing last week?
Answer by taking our 5-question quiz on topics covered in the past week's newsletters.

Can you get a perfect score?

Take the quiz here
 
 
WHAT WE’RE READING

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Facing a return-to-work mandate? Here's what AT&T's CEO told employees who were unhappy about having one there. (Business Insider via Yahoo News)
Read more
 
 
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.
 
 
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💸 Why tariffs are a unique threat to groceries 💸 Why tariffs are a unique threat to groceries Reviewed by PaidmeLLC on August 08, 2025 Rating: 5

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