Consumer affairs

Airbnb misleads Australian customers by charging in U.S. dollars

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Airbnb logo is displayed on a mobile phone screen in Ankara, Turkiye on November 22, 2023. Dilara Irem Sancar | Anadolu | Getty Images An Australian court on Wednesday ordered Airbnb to pay a 15 million Australian dollar ($10 million) fine, and the accommodation rental company could pay as much again in compensating customers who … Read more

Why Fed rate hikes take so long to affect the economy

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The U.S. economy continues to grow despite the 5.5% benchmark federal funds interest rate set by the Federal Reserve in 2023. The Fed’s leaders expect their interest rate decisions to eventually slow that growth. The increase in borrowing costs that stems from Fed decisions does not affect all consumers immediately. It typically affects people who … Read more