There's a new player in the cryptocurrency space. Ripple XRP is now up more than 90 percent over the past couple days. Ripple CEO Brad Garlinghouse explains what drove the growth of this digital asset.
Garlinghouse says it is critical to understand the ultimate value of an asset will be dictated by the value and utility it creates. So if you are solving a real problem for customers at scale you will have a lot of demand.
The excitement around cryptocurrency is separating the signal from the noise says Garlinghouse. He says its important to recognize the reality in solving a real problem with real customers. Ripple is using blockchain technology to solve a cross-border payments problem says Garlinghouse.
A majority of Americans support higher pay for auto workers who are on strike against Detroit's Big Three carmakers, although approval of the workers' other demands is more mixed, according to a poll from The Associated Press-NORC Center for Public Affairs Research.
The ongoing United Auto Workers strike expanded Thursday in a major blow to Ford as the union ordered 8700 workers to walk off the job at the automaker giant's largest plant.
A retired bank official testified that former president Donald Trump obtained hundreds of millions of dollars in loans based on financial statements that have since been deemed fraudulent.
