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Valerie Plesch | The Washington Post | Getty ImagesThe U.S. Department of Education is taking aggressive steps to restart collections on federal student loans that are in default — just as current high school seniors are set to rack up new balances on their path to a college degree.Currently, around 42 million Americans hold federal student loans and more than 1 million high school graduates will take out new education debt in the months ahead, according to higher education expert Mark Kantrowitz.By the time they graduate college, these students could each borrow as much as $40,000, on average, in federal and private aid to earn a bachelor’s degree, according to…

As bitcoin (BTC) and ether’s (ETH) recovery rally gathered momentum Tuesday, the perpetual futures market saw an even more pronounced increase in open interest, pointing to growing investor confidence as the Trump administration dialed back on its trade-tariff, anti-Fed rhetoric. BTC, the leading cryptocurrency by market value, rose 6.79% nearly topping $94,000 for the first time since March, CoinDesk data show. That’s the most significant single-day percentage gain since April 9. The Ethereum blockchain’s ether token jumped 11% to $1,1175, it’s best performance since April 2. The rally came as U.S. Treasury Secretary Scott Bessent discussed de-escalation in U.S.-China trade…

It’s getting harder to land a job right out of school.getty A recent New York Fed report offers a comprehensive look at the job market for college-degree holders in the first quarter of 2025. Recent graduates have had a noticeably harder time landing a job, though experiences vary significantly depending on the type of degree earned. Right out of college, engineering majors command the highest starting salaries, while liberal arts graduates—such as those in foreign languages, anthropology, or performing arts—tend to earn the least. Engineering degrees continue to hold the earnings advantage at mid-career, whereas education-related degrees often rank near…

London CNN  —  Businesses in Germany and Britain produced less this month amid worries about President Donald Trump’s near-universal tariffs, in another sign that the global damage from his import levies is adding up. Closely watched surveys of purchasing managers showed Wednesday that private sector output contracted in Germany, Europe’s biggest economy, and the United Kingdom. “Tariff concerns and uncertainty weighed on business confidence and demand,” S&P Global and Hamburg Commercial Bank, which publish the survey of German companies, said in a news release. Likewise, in the UK, “survey respondents widely commented on the negative impact of US tariffs and…

Cantor Fitzgerald is set to launch a $3 billion Bitcoin investment initiative in collaboration with SoftBank, Tether, and Bitfinex, according to a report by the Financial Times. The project involves the establishment of a new entity named 21 Capital, which aims to create a publicly listed alternative to existing Bitcoin investment strategies. Brandon Lutnick, current chair and CEO of Cantor Fitzgerald and son of former CEO Howard Lutnick, is at the helm of this venture. The initiative will utilize funds from Cantor Equity Partners, a special purpose acquisition company (SPAC) that raised $200 million earlier this year. The investment contributions…

WASHINGTON, DC – MARCH 11: U.S. President Donald Trump and White House Senior Advisor, Tesla and … More SpaceX CEO Elon Musk sit in a Tesla Model S on the South Lawn of the White House on March 11, 2025 in Washington, DC. Trump spoke out against calls for a boycott of Elon Musk’s companies and said he would purchase a Tesla vehicle in what he calls a ‘show of confidence and support’ for Elon Musk. (Photo by Andrew Harnik/Getty Images)Getty Images If a company beats and raises each quarter, its stock price tends to rise, otherwise it falls. But…

Why is the iShares Bitcoin Trust ETF (IBIT) outperforming the S&P 500 in what is supposed to be a risk-off market environment? Bitcoin crossed the $90,000 level Tuesday for the first time in a month, while Bitcoin ETFs like the $50 billion IBIT jumped more than 4%, closing in on the breakeven price point for the year. Compare this to the broad stock market proxy and largest exchange-traded fund in the world, the Vanguard S&P 500 ETF (VOO), which is still down 10% year to date, and the recently high-flying tech sector’s steep decline of roughly 17% through Tuesday’s session.…

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a substantial influx of capital, with net inflows totaling $936 million on Tuesday, marking the largest single-day increase since Jan. 17. This surge reflects a growing interest among institutional investors in Bitcoin as a potential hedge against economic and geopolitical uncertainties. The recent inflows were distributed across 10 Bitcoin ETFs, with notable contributions from Ark & 21Shares, which saw $267.1 million, followed by Fidelity’s FBTC with $253.8 million, and BlackRock’s IBIT, which attracted $193.5 million. Over the past three days, U.S. Bitcoin funds have witnessed net inflows exceeding $1.4 billion. Analysts indicate that…

Virologist Michael Taylor does volunteer work helping cancer patients. His task: picking medical stocks. “I have never known much good done by those who affected to trade for the public good,” Adam Smith said. Maybe he’d have made an exception for the Simplify Health Care exchange-traded fund. All of its 0.5% fee revenue, after overhead, is donated to the Susan G. Komen Breast Cancer Foundation. The fund’s portfolio manager, Michael F. Taylor, takes no salary. Private businesses that give away all profits and also succeed as businesses are scarce; the Newman’s Own food branding operation, which has donated $600 million…

Bitcoin and Solana have continued to climb as the broader cryptocurrency market rebounds following volatility earlier in April. Bitcoin rose to $91,100—up 7% since April 2—while Solana surged by 14.5% to $145 during the same period. Overall, the global crypto market cap has grown 6% to $295 trillion, with Bitcoin maintaining a 60% share. The rally comes despite political tensions and economic uncertainty following U.S. President Donald Trump’s announcement of broad reciprocal tariffs, which had initially caused market jitters. Solana’s price rise has been especially notable, given recent developments involving the bankrupt exchange FTX. Around 11 million SOL tokens—valued at…