*By Samantha Errico*
StoreMe wants to solve travelers' "schlepping problem," according to the company's CEO and founder.
"This service is convenient, on-demand, and it's totally affordable," Peter Korbel told Cheddar Wednesday.
The on-demand app allows travelers to search a location, input the number of bags they have, and make a reservation. That way, as travelers are passing through cities, they can enjoy the sights sans luggage.
Pricing varies by size of travel item: a small bag costs $2 for one hour and an additional $1 every subsequent hour. For a large bag, the first hour is $3 and every subsequent hour is an additional $2.
According to Korbel, all of the company's locations are near "major access points, like New York City's Penn Station. Beyond New York, the service is available in Boston, Philadelphia, San Francisco, and Washington, D.C.
As for the future, Korbel said he's eager to grow his business and eventually expand his service to include private homes as storage locations.
"As StoreMe grows, I think the business is very well-positioned to extend its services from businesses into retail homes. Imagine the writer, the blogger, the freelancer that's looking to offset some of their expenses being able to store luggage short-term," he said.
For full interview [click here](https://cheddar.com/videos/storeme-lets-you-store-your-travel-bags-by-the-hour).
Nestle is reportedly investing $100 million in food delivery startup Wonder Group.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Nike is suing two of its competitors for alleged patent infringement.
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
Cheddar News breaks down some of the top business stories to look out for, including WeWork's bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.
WeWork has filed for Chapter 11 bankruptcy protection.
Bumble, the female-focused dating app, announced that Whitney Wolf Hurd, the company's founder and CEO, will step down in January.
WeWork officially has filed for bankruptcy.
With interest rates high, housing inventory low and Veterans Day just around the corner, Cheddar News took a look at how the current market is impacting those who served and continue to serve our country. Patton Gade, national director of military lending with UMortgage, explains how a VA loan works, its benefits and what's involved in the process of purchasing a home.
Stocks were mixed in Tuesday's early session as Wall Street came off a strong rally last week.
