🚀 Republicans changing student financing

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. House Republicans have unveiled a sweeping plan to overhaul the U.S. student loan and financial aid system, proposing strict borrowing caps, fewer repayment options, and tighter eligibility for Pell Grants as part of a broader effort to reduce federal spending and support Trump-era tax cuts. The “Student Success and Taxpayer Savings Plan” would cap federal loans at $50,000 for undergrads and $100,000 for grad students, eliminate multiple income-driven repayment options, and scrap key hardship deferments. Critics warn the changes would push students toward riskier private loans and limit access to education for low-income families.

2. Snap shares plunged 14% after the company declined to offer guidance for the current quarter, citing macroeconomic uncertainty despite posting better-than-expected first-quarter revenue of $1.36 billion. The company said it faced early-quarter headwinds and flagged concerns over advertising demand, which led it to withhold its usual outlook. While ad revenue rose 9% year over year, Snap saw a dip in brand advertising and noted broader turbulence due to global trade tensions under the Trump administration. Daily active users hit 460 million, and net losses narrowed significantly, but investors reacted negatively to the lack of forward visibility.

3. Commerce Secretary Howard Lutnick said Tuesday that the Trump administration has completed its first trade deal, though it still needs approval from the unnamed country’s prime minister and parliament. The announcement pushed markets higher as investors look for clarity after recent tariff hikes that disrupted global trade and business confidence. Lutnick clarified that China is not part of this deal, with negotiations involving Beijing being led by Treasury Secretary Scott Bessent. While the administration claims dozens of countries have shown interest, no official agreements have been publicly confirmed. Japan, South Korea, and India are seen as likely contenders.

4. Headlines

   1. Trump threats cause Amazon to abandon its plan to publish tariffs impact on prices.

   2. Starbucks misses earnings as same-store sales fall.

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