Bloomberg Cryptocurrencies surged as optimism surrounding Ripple Labs Inc.’s plans for using a digital coin spread, lifting peers that have lost more than $600 billion of value since January. XRP, the cryptocurrency commonly referred to as Ripple, surged as much as 22 percent, taking its one-week increase to more than 75 percent. The Bloomberg Galaxy Crypto Index jumped 8.7 percent, ...

Bloomberg Whoever wins the very public scrap for control of Italy’s Banca Carige SpA, they won’t have much time to enjoy the victory. A new board proposed by top investor Vittorio Malacalza or one supporting current Chief Executive Officer Paolo Fiorentino will take leadership of a lender that has only weeks to satisfy urgent European Central Bank demands that it ...

Bloomberg The White House has drafted an executive order for President Donald Trump’s signature that would instruct federal antitrust and law enforcement agencies to open investigations into the business practices of Alphabet Inc.’s Google, Facebook Inc. and other social media companies. The order is in its preliminary stages and hasn’t yet been run past other government agencies, according to a ...