FINANCE NEWS

The Federal Reserve Raises Interest Rates In a move that surprised some investors, the Federal Reserve announced an increase in interest rates by 0.25%. This marks the first rate hike since the pandemic began and reflects the Fed's confidence in the economic recovery. Tesla's Stock Price Continues to Rise Despite recent concerns about supply chain disruptions and chip shortages, Tesla's stock price has continued to climb. The electric vehicle manufacturer recently reported strong sales numbers, and investors are optimistic about the company's future prospects. Amazon Acquires MGM Studios In a major move for the entertainment industry, Amazon has acquired MGM Studios for $8.45 billion. The acquisition gives Amazon access to MGM's extensive library of movies and TV shows, as well as valuable intellectual property. Bitcoin Reaches All-Time High Bitcoin, the world's most popular cryptocurrency, recently reached an all-time high of $64,000 per coin. The surge in value has been driven by increased institutional adoption and mainstream acceptance of digital currencies.

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COVID SIDE EFFECTS.

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