June 16, 2025

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Investors

Trump hosts top crypto investors as some industry leaders fear he’s putting personal profits first

WASHINGTON — President Donald Trump rewarded top investors in one of his cryptocurrency projects with a swanky dinner on Thursday night, an event that showed the ascendance of an emerging financial industry — and also the president’s willingness to mix public office with personal profit. Some 220 of the biggest investors in the $TRUMP meme

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Loans

Student loans have been confusing lately. Here’s a guide to know where you stand

NEW YORK — Between collections resuming, courts blocking student loan programs and layoffs at the Education Department, borrowers might be confused about the status of their student loans. Recently, the Education Department announced it would start involuntary collections on defaulted loans, meaning the roughly 5.3 million borrowers who are in default could have their wages

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Mortgage

Average rate on a US 30-year mortgage rises to 6.81%, its highest level since late April

The average rate on a 30-year mortgage in the U.S. edged above 6.8% this week, returning to where it was just three weeks ago. The rate increased to 6.81% from 6.76% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.02%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners

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