Tag: Crypto

D.E. Shaw takes stake in Riot, may push for changes

D.E. Shaw has acquired a stake in bitcoin mining firm Riot Platforms and may push for strategic changes, Reuters reported, citing sources familiar with the matter.  The size of the hedge fund’s position remains undisclosed, and both Riot and D.E.…...
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Fed Holds Rates Steady, Takes Note of Elevated Inflation

As expected, the U.S. Federal Reserve has kept its benchmark fed funds range rate steady at 4.25%-4.50%, the first pause since the central bank began easing policy last September. The accompanying policy statement noted that the unemployment rate had stabilized at a “low level” and inflation remained “somewhat elevated.”...
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