Is it time to say goodbye to capital gains taxes on your home?

Should employers cover weight-loss drugs?

Global news you can trust. Download the Reuters App. On the Money On the Money By Lauren Young, Digital Special Projects Editor 🏠 Greetings, On The Money readers! Is it time to say goodbye to capital gains taxes on your home? The biggest personal finance story (in my humble opinion!) this week is news that President Donald Trump is considering removing capital gains taxes on home sales. "If the Fed would lower the rates, we wouldn't even have to do that," Trump told reporters in the Oval Office. "But we are thinking about no tax on capital gains on houses." Under current law, homeowners can exclude up to $250,000 (single filers) or $500,000 (joint filers) in gains from the sale of a primary residence. These thresholds haven't changed since 1997! A National Association of Realtors study found that 34% of homeowners (29 million) could already have enough equity in their homes to exceed the $250,000 cap, and more than 10% (8 million) could have enough to surpass the $500,000 threshold.  Congress recently passed legislation that made permanent broad tax cuts passed in 2017 during Trump's first presidency. The bill also fulfilled Trump's campaign promises to include new tax breaks for tips, overtime pay, seniors and auto loans. Here is a look at who could gain from an end to capital gains taxes on home sales. What do you think about eliminating capital gains taxes on your home? Would you be more likely to sell your home? Write to me at onthemoney@thomsonreuters.com. Time to take a road trip? REUTERS/Paulo Whitaker ⛽ It's a gas Have you noticed lower prices at the pump lately? U.S. gasoline prices could fall below $3 a gallon this summer for the first time in over four years as a stretch of bad weather dampens fuel demand and a jump in imports fills inventories. Gasoline prices are in a lull, a boon for Americans traveling this summer. Consumers endured record prices at the pumps after Russia's 2022 invasion of Ukraine upended energy markets. Summer is typically the peak season for gasoline consumption in the U.S., but demand is lower this year. More fuel-efficient vehicles on the road and post-pandemic changes in driving patterns – particularly remote work – are expected to permanently reduce U.S. gasoline consumption from its peak in 2018. How will lower gas prices impact your driving habits? Write to me at onthemoney@thomsonreuters.com. I read every letter! 🎧 Read, watch, listen Coke's shift to cane sugar would be expensive, hurt US farmers Goldman, BNY team up to launch tokens tied to money market funds  Trump executive order to help open up 401(k)s to private markets Delta plans to use AI in ticket pricing draws fire from US lawmakers Luxury heavyweights struggle to shake off shopper fatigue  What is behind the latest rally in meme stocks?  How Americans handle late-career layoffs  Preserve capital, don't swing for the fences, portfolio manager says Big Alcohol prepares to fight back as buzzy cannabis drinks steal sales  📹 Video of the Week   Travel will outpace inflation. U.S. summer flight bookings are down 10% year-on-year — even though airfares are cheaper — and the airline sector is lagging behind the wider market. But Greg Friedman of Peachtree Group says the market will pick up and even benefit in 2026. Watch his interview here. 💻Are you holding too much tech?   What percentage of your portfolio is in technology stocks? REUTERS/Shannon Stapleton Is your portfolio bursting with technology stocks? Equity investors are probably overweighted in technology, given the strong performance run of the past two years. Indeed, the stocks that comprise the Magnificent Seven are up almost 25% in the past year vs. 17% for the Nasdaq Composite index.  More recently, the performance of the Magnificent Seven (which includes Apple and Tesla) is mixed. But they have all rebounded since April from a selloff following Donald Trump's "Liberation Day" announcement of sweeping global tariffs. The group amounted to one-third of the weight of the S&P 500 as of Friday, due to their massive market caps, their largest combined presence since the start of the year, according to LSEG Datastream. My retirement portfolio is invested in target-date funds, which are rebalanced on a regular basis, so the tech position is about 24%, which is slightly below its average peers. Are you overloaded in tech right now or have you adjusted your portfolio in recent weeks? Let me know your thoughts on the Magnificent Seven or the broader tech sector! Write to me at onthemoney@reuters.com. 💊 Should employers cover the cost of weight-loss drugs?   Do you think healthy employees lead to better productivity and retention? REUTERS/Brendan McDermid So many people I know are on pricey weight-loss drugs. I should be nosier and ask how they are paying for them! More than half of large U.S. employers plan to scale back healthcare benefits next year as rising costs from weight-loss and specialty drugs squeeze budgets, according to a survey released by consulting firm Mercer last week. Concern over the cost of GLP-1 weight-loss drugs like Novo Nordisk's Wegovy has surged, with 77% of employers naming it a top issue, the consultancy said. Novo's Wegovy and Eli Lilly's Zepbound are listed at $1,086 and $1,059, respectively, though many patients pay less through their health plans.  Among employers with 500 or more workers, 51% said they planned to increase cost-sharing in 2026, including raising deductibles and maximum out-of-pocket costs for workers. That is up from 45% of large employers who said they would increase cost-sharing for 2025. What are your thoughts? Should employers cover the cost of weight-loss drugs?  Do you think healthy employees lead to better productivity and retention? Why or why not? Write to me at onthemoney@thomsonreuters.com. A$k Lauren     Do you need help consolidating debt? Are you looking for long-term care insurance? Send questions to onthemoney@thomsonreuters.com, and I'll tap my extensive source network and braintrust for expert advice. Don't forget to subscribe to this newsletter! Even better, share it with a friend! 📣 New newsletter alert Reuters Open Interest (ROI) is an essential new source for data-driven, expert commentary on market and economic trends. You can find ROI on the Reuters website. Be sure to follow ROI on LinkedIn and X, too! Get full access to Reuters.com for just $1/week. Subscribe now. This newsletter was edited by Aurora Ellis. Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website Reuters On the Money is sent every other week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. 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