Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Recharge guest leaving after a refreshing break. Photo: Recharge

Recharge, a San Francisco startup that made headlines a few years ago for offering hotel stays by the minute (for a nap, shower or phone call, the company says), is expanding to offer the same service in people's homes.

The big picture: Technology has enabled the creation of online marketplaces that segment the use of physical space in new ways — from Airbnb's home-sharing service to companies like Breather that let you book office space for a meeting or call. Even Airbnb recently acquired Gaest, a marketplace for renting out office space.

How it works: Guests in the Bay Area, Los Angeles and New York can book a stay in an available home via the Recharge app just as they would book a visit in one of its hotels.

  • For hosts, Recharge offers two options: a self-managed option, which means the host takes care of the cleaning and gets to keep most of the revenue, and an "autonomous" option, for which Recharge provides the cleaning, but takes a much bigger cut of the fee.
  • Hosts have to apply and be vetted, including providing a copy of their lease if they don't own the home to ensure the service won't violate its terms.
  • Recharge co-founder and CEO Emmanuel Bamfo says that the company's service is legal, even in cities like San Francisco and New York with strict home-sharing laws, because there are no overnight stays.
  • But ultimately, it remains to be seen whether landlords react negatively to Recharge, he admits.

By the numbers: To date, Recharge has had 50,000 bookings, with an average stay of two hours, says Bamfo. It works with 50 hotels and has approved 1,100 homes. Eventually, says Bamfo, Recharge wants to purchase and manage its own hotels to have more flexibility.

Funding: Since raising $2.3 million in seed funding in 2016, Recharge has brought on strategic investors like JetBlue Ventures and Fifth Wall (which has ties to the real estate industry), bringing its total funding to $10 million.

Go deeper

DHS directing $77 million to combat domestic violent extremism in states, cities

DHS Secretary Alejandro Mayorkas. Photo: Tasos Katopodis/Getty Images

For the first time, states and localities will spend at least $77 million of Department of Homeland Security grant money on combatting domestic violent extremism, DHS Secretary Alejandro Mayorkas announced on Thursday.

Why it matters: Domestic terrorism has been on the rise in the U.S., spurred on by growing polarization and the mainstreaming of online conspiracy theories. In the wake of the Jan. 6 Capitol attack, Mayorkas has made fighting the problem a "National Priority Area."

Senate confirms former Michigan Gov. Jennifer Granholm as energy secretary

Former Michigan Governor Jennifer Granholm. Photo: Jim Watson/AFP via Getty Images

The Senate voted 64-35 on Thursday to confirm former Michigan Gov. Jennifer Granholm as secretary of the Department of Energy.

Why it matters: Granholm, only the second woman to head the department, will play a key role in President Biden’s efforts to accelerate the U.S. shift to clean energy and help other countries do the same.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: How data and the pandemic have democratized the "high-performance lifestyle — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: Pfizer begins study on 3rd vaccine dose as booster shot against new strains — Republicans are least likely to want the coronavirus vaccine
  3. U.S. news: California surpasses 50,000 deaths COVID-19 deaths, more than any other state — Jimmy and Rosalynn Carter return to church after receiving COVID-19 vaccines
  4. Local: Public transit ridership in Twin Cities dropped 53% amid pandemic — Data firm predicts "complete chaos" in next phases of Florida's vaccine rolloutAlaska Gov. Mike Dunleavy tests positive for the coronavirus