More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Omarosa Manigault Newman, who had been a senior advisor to President Donald Trump before her firing, was sued for allegedly failing to file required financial disclosures.Politicsread more
San Francisco on Tuesday became the first city in the country to ban e-cigarettes after city officials voted in favor of an ordinance that prohibits the sale of any...Health and Scienceread more
See which stocks are posting big moves after the bell on June 25.Market Insiderread more
Apple's iOS 13 is coming this fall, but you can already try it on your iPhone with the new public beta. Here are some of the best hidden features.Technologyread more
Widely followed cryptocurrency start-up Ripple is shelling out millions to some top universities to speed up adoption of blockchain technology.
The company announced a partnership with 17 schools Monday, including the University of North Carolina, MIT and the University of Pennsylvania. Through the "University Blockchain Research Initiative" program, Ripple will donate $50 million for research and development in blockchain, cryptocurrency and digital payments.
The donation is in dollars and not the cryptocurrency, the company said.
"As globalization increases, so does the demand for technological solutions and talent to solve the world's hardest financial problems, such as retail remittances," Eric van Miltenburg, Ripple's SVP of business operations, said in an email.
The company said the initiative was launched in part because of a demand for jobs. More than 4,500 job openings with the terms "blockchain" or "cryptocurrency" were posted on LinkedIn last year, Ripple said, a 150 percent increase from a year earlier.
Blockchain is the technology that underpins cryptocurrencies like bitcoin. While there are countless uses for that technology, Ripple's focus is on real-time transaction settlements for banks. It has announced partnerships with U.S. money transfer giants MoneyGram and Western Union as well as American Express and Santander.
Ripple is officially the name of the San Francisco-based company, which is developing a network for faster global financial payments. XRP is the name of the digital token that financial institutions on the network can use to transact quickly.
Some university research and projects will involve Ripple's technology and the cryptocurrency XRP but it is not a requirement, the company said.
The cryptocurrency was trading near 65 cents Monday, according to CoinDesk. XRP is one of the worst performing digital currencies in 2018, down more than 70 percent year to date.
Ripple owns about 60 billion of the 100 billion XRP ever made, bringing its market cap based on Monday's price and its holdings alone close to $39 billion.