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By Davide Barbuscia NEW YORK (Reuters) – Investors are weighing whether Donald Trump might turn to unconventional ideas to try to bring the ballooning U.S. debt under control, after the president insisted he won’t cut popular health and retirement benefits. Some of Trump’s advisers have espoused unorthodox ideas in recent months, including forcing foreign governments…

Brad Garlinghouse, chief executive officer at enterprise blockchain company Ripple, has taken a jab at some industry participants who insist on maintaining a “myopic” mindset. Earlier this Wednesday, the 53-year-old executive said that he “couldn’t agree more” with a recent take shared by Austin Federa, former strategy lead at the Solana Foundation.  “I’m baffled how…

By David Shepardson WASHINGTON (Reuters) -President Donald Trump held a call Tuesday with the CEOs of General Motors and Ford and the chair of Stellantis to discuss the potential of delaying tariffs on North American-built vehicles by 30 days, two sources told Reuters. Automakers have offered to boost U.S. auto investments but want certainty about…

Cryptocurrency analyst and trader Ali Martinez has shared a chart provided by on-chain data company Glassnode about a tremendous increase in the number of active XRP wallets faced by the network recently. This happened as the XRP price has staged a more than 24% increase over the past week. Related Active XRP whales surge along…

(Bloomberg) — Washington has made it clear that Europe needs to defend itself. For some investors, that’s a call to load up on defense stocks. Most Read from Bloomberg Security-related shares have been on a tear this year, with Germany’s Rheinmetall AG (RHM.DE) ranking as the best-performer in the MSCI World Index as money managers…

XRP has retraced a startling 24% following an unsuccessful attempt to maintain its recent rally. A major factor in pulling XRP lower has been the marketwide decline, and traders are still on edge due to general uncertainty. Because XRP is still above important support levels in spite of the decline, investors should closely monitor the…

By Medha Singh and Kanchana Chakravarty (Reuters) -Shares of U.S. companies were under pressure after the latest escalation in Washington’s trade war, with new tariffs on Canada and Mexico expected to hit earnings in several sectors, including automobiles, aerospace, retail and housing. Economically sensitive stocks such as airlines and banks led declines on Wall Street’s…

Jurrien Timmer, the director of global macro at Fidelity Investments, has opined that Bitcoin no longer appears to be overpriced following the recent correction.  “When the price action gets noisy and volatile, it’s always good to return to the fundamentals of valuation,” he said on the X social media network.  Timmer uses two key approaches for…

US markets have eliminated all their post-election gains as stocks deepen their sell-off with fresh tariffs on Canada, Mexico, and China now officially in effect. The benchmark S&P 500 (^GSPC) index is now down 1% since Election Day. Notably, it has erased about $3.3 trillion in market cap since Feb. 19. The Nasdaq 100 (NQ=F)…

(Bloomberg) — Didi Global Inc. is seeking fresh capital for its autonomous driving unit that could value it at about $5 billion, people familiar with the situation said, as Chinese technology firms ride a wave of investor enthusiasm. Most Read from Bloomberg Didi Autonomous Driving plans to raise several hundred million dollars and is in…