Avie Schneider

Updated at 3:55 p.m. ET.

Federal Reserve policymakers have raised their target for the benchmark federal funds interest rate by a quarter-point, to a range of 1 percent to 1.25 percent.

Uber will have to park its self-driving cars in California for now.

California's Department of Motor Vehicles on Wednesday said it had revoked the registrations of 16 autonomous vehicles owned by the ride-hailing company.

"We have stopped our self-driving pilot in California as the DMV has revoked the registrations for our self-driving cars," an Uber spokesperson said. "We're now looking at where we can redeploy these cars but remain 100 percent committed to California and will be redoubling our efforts to develop workable statewide rules."

The International Monetary Fund's executive board expressed its "full confidence" in IMF Managing Director Christine Lagarde on Monday, hours after she was found guilty of negligence for improperly overseeing a 2008 case when she was France's finance minister.

Lagarde has led the IMF since 2011.

Apple giveth, Apple taketh away.

Every year about this time, the tech giant unveils its latest iPhone. Company executives proclaim it the best iPhone yet. And fans can't wait to get their hands on the shiny new toys.