Plus: Financial advice from mom
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| May 8, 2026 |
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| Gas Prices Are Surging Again. Here’s How to Fight Back |
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By Sarah Chacko
The little bit of relief we saw in April is gone: Gas prices are spiking again, and filling your tank now costs a good $20 to $30 more than it did before the Iran war.
What can you do? Fuel economy doesn’t end with your choice of car – your driving habits have a big influence too. This math can help you gauge which changes may be worth making. |
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| Your SoFi Toolkit |
| Not sure how much the gas spike is costing you? Connect your accounts to SoFi’s budget tracker to see a month-by-month breakdown. |
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For more cost-cutting inspiration, check out:
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| Mother Knows Best |
Members of the Ambition Club, SoFi’s Facebook group, regularly share their experiences and answer questions from the SoFi team. In honor of Mother’s Day, we asked:
What’s the most important financial lesson your mom taught you?
Here are a few of our favorite answers:
Never fully depend on anyone else to finance your life. Always have your own money!
The importance of generosity! We tithe 10% of our net income every month. We also have a line item for gifting for birthdays and special occasions for friends and family.
Never take money out from your retirement early.
Always invest in the highest possible health insurance!
Save your money!
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| An Accelerating Economy |
Market headlines have focused a lot on the uncertainty and volatility caused by the Middle East war. But new data is sending a more upbeat message.
For starters, the labor market is showing signs of life after months of very low activity. |
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Informed investment decisions start with informed investors. Here's what's making headlines:
📱 Apple (AAPL) agreed to pay $250 million to settle a lawsuit claiming it falsely advertised AI features on Siri, the iPhone virtual assistant. The class-action suit alleged Apple promoted the features before they existed. Some 37 million customers are eligible to receive between $25 and $95 per iPhone. (AP via Yahoo Finance)
🚀 A new partnership with Elon Musk’s SpaceX will give Anthropic access to more than 300 megawatts of compute capacity at SpaceX’s Colossus 1 data center in Tennessee. The deal will help Anthropic expand its Claude AI tool, but suggests Grok — SpaceX’s xAI tool — isn’t as popular as Claude. (Barron’s)
🪙 After months of moving with U.S. stocks, Bitcoin may be decoupling. The flagship cryptocurrency’s recent hold above $80,000 has turned into a live test. (CryptoSlate) |
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| These are the fastest growing jobs for new college graduates — even in this low-hire market. (MarketWatch) |
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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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| INVESTMENTS AND DIGITAL ASSETS ARE NOT FDIC INSURED ‑ ARE NOT BANK GUARANTEED ‑ MAY LOSE VALUE |
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