Morning Business Report: Federal Reserve hikes interest rate up three-quarters of a percentage

The Federal Reserve hiked interest rates by a super-sized three-quarters of a percentage point Wednesday, the biggest increase since 1994.

Lego plans to invest more than $1 billion in a factory in Virginia to shorten supply chains and keep up with demand in U.S.

Ford is recalling more than 3.3 million vehicles in North America that could roll away because of damaged or missing parts.

Over half of Americans are digging into savings or going into debt to cover expenses.