The company, in partnership with Servco Pacific, launched the app Hui on Tuesday in Honolulu, Hawaii, with plans to open in other locations internationally. Hui enables users to choose from a fleet of Toyota and Lexus cars to rent out by the hour or for the day.
For the full segment, [click here.](https://cheddar.com/videos/toyota-introduces-new-ride-sharing-program)
The Food and Drug Administration is asking Congress for new powers, including the ability to mandate drug recalls and require eyedrop makers to undergo inspections before shipping products to the U.S.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
