Sounding more confident than in the past, Federal Reserve chief Janet Yellen said on Wednesday it's safe for Americans to "feel good" about the U.S. economy.
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.
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.
President Trump's promise to slash taxes and rip up regulations are making America's CEOs more confident about hiring workers. A Business Roundtable CEO survey released on Tuesday shows that plans for hiring, investments and sales have risen sharply.