Finance - Current Affairs

The Federal Reserve has raised interest rates by 0.75%, the largest increase in 28 years. The move is an attempt to combat inflation, which is at a 40-year high. The Fed has signaled that it will continue to raise rates in the coming months.

Bitcoin has lost more than 90% of its value since its all-time high in November 2021. The cryptocurrency is now trading at around $20,000, down from a high of $69,000. The decline in Bitcoin's price has been driven by a number of factors, including concerns about the regulation of cryptocurrencies, the collapse of the TerraUSD stablecoin, and the ongoing war in Ukraine.

Elon Musk has announced plans to acquire Twitter for $44 billion. The deal, which is still subject to regulatory approval, would make Musk the sole owner of Twitter. Musk has said that he plans to make Twitter a more open and free platform for speech.