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US lawmakers advance bill to lock Trump’s Bitcoin reserve into law
The legislation would effectively codify Trump’s Bitcoin reserve policy, locking up Bitcoin acquired through civil and criminal forfeiture for 20 years.
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Fed Rate Hike Raises Costs of Funding Global Commerce
The Federal Reserve on Wednesday (Sept. 16) raised the target range for the federal funds rate by a quarter percentage point to 3.75% to 4%, saying inflation remains elevated. In its accompanying implementation decision, the Fed raised the interest rate paid on reserve balances to 3.90% from 3.65%, effective Thursday. For banks, the decision reaches…
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Intel’s stock rises as investors hope memory chips can mark the next step in its turnaround
A report says Intel is in early talks with SK Hynix, which is considering some sort of partnership that would enable it to make memory chips in the U.S.
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