Plus: The Fed under Warsh
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| April 24, 2026 |
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| 3 Things People Get Wrong About Credit Scores |
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By Anna Baluch
Your credit score is effectively a gatekeeper to the life you’re trying to build. But many people are operating on bad intel that could be stalling their financial progress. A new survey from FICO shows just how pervasive some of these myths can be.
Let’s correct the record. |
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| The Fed Under Warsh |
This week the Senate held its confirmation hearing for Kevin Warsh, President Trump’s nominee for the next chair of the Federal Reserve. Despite the hearing going well (IMO), there are still some roadblocks that could prevent Warsh from being confirmed before Jerome Powell’s term ends on May 16. Delays could intensify the clash between the president and Powell, raising questions about who leads the Fed in the interim — and creating anxiety for markets.
In fact, all in all, Warsh as chair poses fewer risks to markets than a prolonged confirmation process. Here’s why. |
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| Is Your College Decision Ahead? 5 Ways to Avoid Regret |
If you have a high school junior or senior, college may be the next big exciting chapter. But as the parent, it can also be a source of anxiety: How much will this all cost? Will we be able to afford it? Will this investment pay off?
No one wants to regret their college decisions, especially with the average cost of college almost doubling over the past 20 years and AI potentially turning the whole paradigm on its head. Plus, many Americans will be repaying federal student loans for a decade or more, making it all the more important to know what they’re getting into. |
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Informed investment decisions start with informed investors. Here's what's making headlines:
🦿 While Tesla (TSLA) beat Wall Street’s expectations for first-quarter earnings, CEO Elon Musk said the automaker would substantially increase its investments in next-generation technologies like AI and humanoid robots. The spending spree could make future quarters less rosy. (NPR)
🚀 Furthering its push into AI, SpaceX announced it has the option to buy coding tool Cursor for $60 billion later this year. The space exploration company run by Elon Musk is looking for ways to compete with rivals Anthropic and OpenAI ahead of its planned IPO. (AP)
✈️ Lufthansa said it will cut 20,000 European flights because soaring jet fuel prices have made many of them unprofitable. The German airline is the latest to cut back on flights or raise airfare amid a war-induced spike in fuel costs. (BBC) |
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| They chose careers in the trades and still wound up with debt. (The Wall Street Journal) |
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| 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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| Did you find today’s newsletter valuable? |
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1Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website on credit.
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