Yahoo TV

STORY: From a billion-dollar week for Steven Mnuchin, to another wild ride for bitcoin, this is the Week in Numbers.

$1 billion was the cash infusion from a group of investors aiming to turn around troubled U.S. lender NYCB.

Former treasury secretary Steven Mnuchin was among their number, and he soon had another item on his shopping list.

Mnuchin says he’s putting together a bid to buy TikTok, which could be banned in the U.S. if it doesn’t split from its Chinese parent firm.

Up to $6.4 billion is the valuation sought by Reddit in an upcoming share sale.

That’s down on the value secured in a 2021 fund raising, back when the social media platform was at the centre of the meme-stock craze.

3.2% was the annual rate of inflation in the U.S. in February.

That was higher than expected, denting hopes for an imminent interest rate cut.

But Banrion Capital chief Shana Orczyk Sissel says an election year could change calculations at the Federal Reserve:

“So I guess the question you should ask is should they cut, and will they cut? Because they’re not the same. I think political pressures will push the Fed to cut rates, but I don’t think they should cut rates.”

Just over $73,800 was the latest record high for bitcoin, though it soon plunged lower again.

The token has set records as money flows into new exchange traded funds that feature it, but remains very volatile.

And around $63 million was the loss last year at Adidas - the sportswear giant’s first annual deficit in over three decades.

Adidas is still licking its wounds after cutting ties with rapper Kanye West over his antisemitic comments.

That cost it his lucrative line of Yeezy sneakers.