The Federal Reserve raised its key interest rate by 0.25% on Wednesday. The increase raises the Fed's target for short-term interest rates to a range of 0.75% and 1.00%.
More good times may lie ahead for big banks. President Trump wants to roll back some regulations. He has several Goldman alums on his team. And the Fed will help boost lending profits for big banks if it keeps raising rates.
President Trump is no longer calling out his opponents for their ties to Goldman Sachs. Now he's filling his administration with Goldman veterans, including by nominating Jim Donovan as deputy treasury secretary.
German prosecutors raided the head offices of Volkswagen and its Audi brand as part of an investigation into the company's use of software to cheat diesel emissions tests.
American Airlines said Tuesday that it's bringing free in-flight meals on trips between Los Angeles and New York and San Francisco and New York beginning May 1.