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Preview: AP Top Business News At 1:21 a.m. EDT

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The Latest: Trump praises deal on GOP tax cuts
WASHINGTON (AP) -- The Latest on the Republican tax overhaul (all times local):...



Fed boosts benchmark rate for third time this year
WASHINGTON (AP) -- The Federal Reserve is raising its benchmark interest rate for the third time this year, signaling its confidence that the U.S. economy remains on solid footing 8½ years after the end of the Great Recession....



Saudi king prioritizes economic reforms for coming year
RIYADH, Saudi Arabia (AP) -- Saudi King Salman delivered a speech on Wednesday outlining his government's priorities for the coming year, urging citizens to support economic reforms and the government's anti-corruption drive....



3 things to watch for from the Federal Reserve on Wednesday
WASHINGTON (AP) -- On the day when Janet Yellen will hold her final news conference as Federal Reserve chair, the Fed has left little doubt what it plans to do Wednesday: Raise its benchmark interest rate for the third time this year....



The Latest: Yellen slated for last news conference
WASHINGTON (AP) -- The Latest on the Federal Reserve's monetary policy meeting (all times local):...



US stocks move higher ahead of expected Fed rate hike
U.S. stocks moved higher in afternoon trading Wednesday, driven by gains in industrial and health care companies. Banks lagged the most. Energy stocks also fell as the price of crude oil headed lower. Smaller company stocks notched some of the biggest gains after the GOP leadership in the House and Senate reached a deal on a tax package. Traders were also looking ahead to an afternoon announcement on interest rates from the Federal Reserve....



Cellphone company T-Mobile to launch TV service next year
NEW YORK (AP) -- T-Mobile is launching a TV service next year, becoming the latest company to marry wireless and video....



CNN says Anderson Cooper's Twitter account apparently hacked
NEW YORK (AP) -- CNN says Anderson Cooper's Twitter account was hacked after a since-removed tweet from his handle called the president a "tool" and a "pathetic loser" following Democrat Doug Jones win in Alabama's Senate election....



Venezuelans seeing bitcoin boom as survival, not speculation
CARACAS, Venezuela (AP) -- In the last month, John Villar has bought two plane tickets to Colombia, purchased his wife's medication and paid the employees of his startup business in Venezuela - all in bitcoin....



That new store card could torpedo your credit score
Getting a deal during the holidays is a great American tradition. So when a sales clerk cheerfully asks, "Would you like to save 20 percent on your purchases today by opening a card with us?" it fits right in....