Andy Rachleff, co-founder and CEO of Wealthfront, discusses the company's new app features that seeks to help millennials save for their first home. We discuss Wealthfront's "Path" app that helps users save for everything from their children's college tuition to retirement. We dig into the digital specifics of the app and how it is helping clients reach their financial goals.

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Spain fines Airbnb $75 million for unlicensed tourist rentals
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
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