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Citigroup's top economist Andrew Hollenhorst has warned about how a deteriorating labor market is exposing cracks in the US economy. The chief economist at the bank, which is the fourth largest in the US, told CNBC in an interview earlier this week how it could mean the economy 'snowballs' into a 'hard landing.' A 'hard landing' is when there is a marked economic slowdown following a period of rapid growth. While many argue that labor market data in recent months does not necessarily point to the economy turning sour, Hollenhorst said that it might be less positive than people realize. It comes as Jamie Dimon - head of the world's largest bank JPMorgan Chase - also said that he cannot rule out the possibility of a hard landing for the US economy.

Presidential candidate Donald Trump 's new trade war could cost middle-class families at least $1,700 a year, a new report has warned. The former president is proposing to reduce US reliance on income taxes while increasing import tariffs if he gets into office later this year. While Trump has championed tariffs as helping working Americans, new research says the policies could harm US workers and industries and worsen international relations.

It's known as the Paradise Coast, famed for its warm weather, low taxes and slow pace of life. So, it's little wonder Naples, FL, has been named America's best place to live, according to an official ranking. The annual US News and World report said the Southwest Florida city had become a 'playground for the powerful and wealthy' and a hotspot for retirees. It was followed by Boise, ID, Colorado Springs, CO, Greenville, SC, and Charlotte, NC. To locals, Naples' top ranking comes as no surprise. Mark Danni, a resident of 22 years, told the local news outlet Naples Daily News: 'I love seeing sunshine every day. I love that Naples has a wide variety of live performing arts groups where Neapolitans can see so many different performing arts productions throughout the year.'

While they may be accustomed to above-average rents, even the most affluent Manhattanites would baulk at splashing out six figures a month on an apartment. And yet, brokers say there is a growing appetite for ultra-luxe rentals as a community of wealthy mega-tenants is spreading itself across the Big Apple. Despite having enough money to buy properties outright, these renters are instead paying up to $100,000 a month - or $1.2 million a year - for a place in the city. Perhaps most galling of all, many are leaving the properties empty for the vast majority of their leases. Brandon Trentham, a real estate agent from Compass, told DailyMail.com: 'The types of people renting these properties have homes all over the world.'

JPMorgan Chase CEO Jamie Dimon has said that he cannot rule out a 'hard landing' for the US. A 'hard landing' is when there is a marked economic slowdown following a period of rapid growth. When asked about the prospect of a hard landing during a CNBC interview, Dimon said: 'Could we actually see one? Of course, how could anyone who reads history say there's no chance?' America's most powerful banker also said that the worst outcome for the US economy would be 'stagflation' - which is when inflation continues to go up, but unemployment is high and growth slows.

Higher costs are eating into household budgets across America - and utility bills are no exception. In the last two years, the annual cost of utility bills has risen by $293.30 on average, according to new analysis by home services website Angi. And some states are paying a premium for basic utilities - with Americans in the most expensive areas paying up to $200 more a month than in the cheapest. Angi analyzed the average monthly price for electricity, water, natural gas, and internet and cable across all states. Hawaii is the most expensive, it found, with average monthly utility costs of $441.54. New Mexico residents, meanwhile, pay the lowest price for utilities at $247.62 a month.

More electric vehicles could be eligible for federal tax credits worth up to $7,500 under a sweeping loosening of rules by the White House. The Treasury Department announced it would give automakers more time to comply with new provisions which about where battery minerals are sourced from. However, President Biden has come under fire for the decision which critics say is like handing a 'blank check' to China. Federal Tax Credits for plug-in hybrid and electric vehicles were first brought in by the 2022 Inflation Reduction Act as part of Biden's plan to encourage mass adoption of the eco-cars.

A family of four visiting the high-end ski resort for seven days would spend almost $14,000 on average. Travel expert OptimosTravel curated a list of the most - and least - expensive vacation destinations in the US. It took into account the cost of food, transport, accommodation and attraction fees in 100 of the most popular holiday destinations in the country.