New York City is cracking down on rentals, which could have an impact on booking platforms like AirBNB and Vrbo. Cheddar News senior reporter Michelle Castillo breaks down the city's new guidelines and how it can impact everyone from renters and owners to the host platforms themselves.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
