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Trump defeated Democratic candidate Vice President Kamala Harris, and Republicans claimed a majority of the Senate in elections this week. "We know kind of where the world is headed in a Trump environment because we've seen it before," said Jeffrey Solomon, president of TD Cowen, on CNBC's "Money Movers" Wednesday. One M&A advisor, who also spoke to CNBC anonymously, noted that Trump's disdain for Big Tech companies — historically active deal-makers — might keep them on the sidelines. Apparent GOP opposition to the CHIPS Act means that semiconductor consolidation might be challenging, the advisor noted, while cautioning it is still too early to know what a Trump presidency would mean. That advisor noted that smaller banks had been getting gobbled up for "some time," but that the pace and size of those acquisitions would likely ramp up under a Trump presidency.

Persons: Donald Trum, Ronda Churchill, Donald Trump, Kamala Harris, Jeffrey Solomon, TD Cowen, Solomon, Trump, Lina Khan, Khan, Howard Gutman, Jonathan Miller, —, Jared Holz, Mizuho, Sen, Elizabeth Warren, David Zaslav, David Grogan Organizations: Republican, Nevada GOP, Afp, Getty, Trump, Democratic, Republicans, Biden administration's Department of Justice, Federal Trade Commission, CNBC, Dow Jones, MorganFranklin Consulting, Big Tech, Qualcomm, Intel, Integrated Media, Pharmaceutical, Biotech, Illumina, FTC, Maze Therapeutics, Sanofi, Senate, DOJ, Allen & Company Sun Valley Conference Locations: Florida, Nevada, Las Vegas , Nevada, Ronda, Trump, Sun Valley , Idaho

But consciously or unconsciously, no consumer choice says "us vs. them" more than what car we choose to drive. The most Republican vehicle in America? The Jeep Wrangler. It began with the Jeep Wrangler, the brand's most iconic model. How purple is your car brand?

Persons: Donald Trump, Joe Biden, Trump, Biden, MAGA, Ivan Drury, Edmunds, Jeep, Dave Kelleher, Kelleher, they've, Lincoln, Mark Healy, Nora Naughton, BI's, Andrew Thompson Organizations: Republican, Democratic, Toyota, VW, Republicans, Army, Stellantis, Jeep, Wrangler, Toledo Jeep Fest, Flipturn Creative Studios Locations: America, Hoofddorp , Netherlands, Pennsylvania, Moab, Appalachia

☆ Consumers are in for some relief: Lower energy prices are on the way
▼ + stars: | 2024-10-16 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +5 min

London CNN —For consumers still scarred by jumps in their energy bills in recent years, the International Energy Agency has good news: Oil and natural gas prices will probably be lower over the next five years. Energy prices soared in the wake of Russia’s full-scale invasion of Ukraine in February 2022, which followed a rise in global demand as economies reopened after Covid lockdowns put lives on hold. And that “would move us into a very different energy world from the one we have experienced in recent years during the global energy crisis,” he added in a statement accompanying the IEA’s latest World Energy Outlook report. But global oil output has been increasing, thanks mostly to producers in the United States and other countries in the Americas. The energy body reiterated its previous forecasts that demand for oil, natural gas and coal will peak by the end of the decade.

Persons: Covid lockdowns, Ukraine don’t, Fatih Birol, Birol, ” Birol, “ Organizations: London CNN, International Energy Agency, Energy, Brent, IEA, US, CNN, ” Locations: Ukraine, United States, Americas, Qatar

☆ Why Gen Z Loves Expensive Groceries, Treats, and Snack Foods
▼ + stars: | 2024-10-14 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +10 min

In a McKinsey survey in February, groceries represented the top category that Gen Z and millennial respondents said they planned to splurge on, outpacing restaurants, travel, and fitness; in 2017, Gen Xers were the top spenders on groceries, followed by boomers. In June, Bank of America reported that its Gen Z customers spent more at premium grocery stores than any other generation. The trend picked up steam with Gen Z. Millennials and Gen Zers are driving demand for vegetarian and vegan food. In a recent YouGov survey for Whole Foods, 70% of Gen Z respondents indicated they were willing to pay more for high-quality foods. Related storiesTo be sure, Gen Z isn't the first generation to serve up food as a status symbol.

Persons: Jade Lily, TikToker, smoothies, Kourtney Kardashian, Katy Perry, Lily, Gen Xers, CreditKarma, Zers, Gen Z's, Millennials, Z, Gen, Neeru, Andrea Hernández, We're, Barbara Kafka, Hernández, Erewhon, Hailey Bieber, Bella Hadid, Sofia Richie, Nate Rosen, Mary Kate, Ashley Olsen, McDonald's, Britney Spears, Nina Dobrev, Shawn Mendes, Prebiotic sodas, Camila Cabello, Gen Zers, Poppi, It's, Rosen, Caesar, That's, Paharia Organizations: McKinsey, Bank of America, Inc, Foods, Arizona State University, New York Times, Pepsi, Brands, idc, Associated Press, Good Culture, Fast Company Locations: Angeles, tocos, Los Angeles

☆ Disney's plans to future-proof its TV business could help kill the cable bundle even faster than expected
▼ + stars: | 2024-09-20 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Discovery to form sports streaming service Venu, which promised to offer access to tons of live sports at less than half the cost of traditional cable bundles. Unlike ESPN+, this service will have all of ESPN's content, including Monday Night Football games and shows like "First Take." Disney is doing everything it can to make sure it's not in the same boat — hence its investments in projects like Venu and ESPN Flagship. Despite that drawback, Nollen is optimistic about ESPN Flagship. If ESPN Flagship hits those milestones, it can fully offset the losses from pay TV, which it will — ironically — be partially responsible for.

Persons: —, Venu, Tim Nollen, Nollen, Fubo, Venu Sports, Craig Moffett, Michael Nathanson, MoffettNathanson, Margaret Garnett, Garnett, It's, Peacock Organizations: Service, Disney, Media, Business, Netflix, Fox, Warner Bros, ESPN, Football, US, DirecTV, ESPN Flagship, Paramount, NBC, CBS Locations: skinnier

☆ Judge temporarily blocks sports streaming service Venu, siding with Fubo on antitrust concerns
▼ + stars: | 2024-08-16 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Discovery and Fox from launching their sports streaming service, Venu, according to court filings. The temporary injunction, granted in response to a lawsuit brought by Fubo TV , comes just weeks ahead of the start of the National Football League season. Fubo, an internet TV bundle akin to the traditional pay TV package, alleged in its lawsuit that Venu was anticompetitive and would upend its business. Discovery, Fox and Disney's ESPN announced the formation of the joint venture streaming service in February. On Friday, Fubo said it intends to move forward with its antitrust lawsuit against the companies for their anticompetitive practices.

Persons: Venu, David Gandler, Fubo, Sen, Elizabeth Warren, Bernie Sanders, Joaquin Castro, Venu Sports, Judge Margaret Garnett, Garnett, " Garnett Organizations: NFL, ESPN, Chicago Bears, Minnesota Vikings, Soldier, Disney, Warner Bros . Discovery, Fox, Fubo TV, National Football League, Warner Bros, Discovery, Disney's ESPN, National Basketball Association, National Hockey League, Major League Baseball, ABC, TNT, TBS, Paramount, CBS, NBC Locations: Chicago, U.S, Texas

☆ The 'crazy' fix for Google's monopoly that investors are whispering about
▼ + stars: | 2024-08-14 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

The idea is that the US would require Google to make its Search index publicly available for anyone to use. AdvertisementBots and indexesA Search index is created by a bot crawling the web and collecting keywords and other information from sites. Related storiesGoogle's Search index is the biggest in the world. The Search index as part of the public commonsWouldn't this be taking something that belongs to Google, though? In the same way Bing powers DuckDuckGo, Google's open index could power other rival search engines that could offer different approaches to Google's search engine.

Persons: —, It's, wouldn't, it's, Amit Mehta's, Bing, DuckDuckGo Organizations: Service, Justice Department, Business, Google, Rivals, Mobile Virtual Network, Verizon, DOJ

☆ 401(k) rollover advice rule is at risk. Here's what retirement savers need to know
▼ + stars: | 2024-08-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Two federal district courts in Texas issued a national "stay" of the regulation, in separate rulings in July. The rule will "create a level playing field" for all trusted investment professionals, according to a Labor Department spokesperson. "The insurance industry can continue to advise investors and sell annuities, without giving advice that is imprudent, disloyal, or tainted by misrepresentations or overcharges," the spokesperson said. Current retirement rollover advice rules stay in effectIn the meantime, the current status quo remains in effect, attorneys said. Current rules let brokers give investment advice that earns them a higher commission but isn't in savers' best interests, the Labor Department said during the rulemaking process.

Persons: Julie Su, Chip Somodevilla, Fred Reish, Drinker Biddle, didn't Organizations: Getty, U.S, Northern, Northern District of, American, of, United States Department of Labor, Americans, Consumer Choice, Department of Labor, Labor Department, Department of Justice, Biden, National Association of Insurance, Financial Advisors, National Association Locations: Texas, Northern District, Northern District of Texas, ACLI, NAIFA, Dallas, Fort Worth

☆ Elon Musk has a weak case against advertisers — but he's playing the long game
▼ + stars: | 2024-08-08 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +9 min

Read previewOn Tuesday, Elon Musk's X fulfilled his promise to sue advertisers over their boycotting of the platform. GARM creates frameworks to provide common definitions around areas like hate speech and misinformation; it's voluntary whether advertisers use them. It doesn't rank platforms on these issues, and its role isn't to advise advertisers on where to spend their dollars. US advertisers are also protected by the First Amendment to spend or not spend on whichever media platforms they please. If the X suit moves into the discovery phase, there could be a whole lot more.

Persons: —, Elon Musk's X, X, Ørsted, Musk, Ruben Schreurs, Ørsted didn't, GARM, Jim Jordan, colluded, WPP's GroupM, Rob Rakowitz, Rumble, Jamie Barnard, Jim Jordan of Ohio, Win McNamee, Jordan, Brian Wieser, Wieser Organizations: Service, Federation, Global Alliance of Responsible Media, Twitter, Unilever, Mars, CVS, Business, WFA, Republican, Procter, Gamble, WPP's, Committee, Verizon, Chanel, PepsiCo, WPP, Media, Madison Locations: Texas, Ohio

☆ In Education and Media, Markets Aren’t Always Right - The New York Times
▼ + stars: | 2024-07-31 | by ( Bret Stephens | ) www.nytimes.com time to read: +6 min

Don’t Tell My Friends, But… is a seriesin which we asked Times columnistswhateveryone else is wrong about. On its face, there’s nothing necessarily political about the mantra that the customer is always right. But the idea that the customer is always right also contains a worldview, a kind of market fundamentalism that typifies much of the American right today. The problem starts when our decisions aren’t merely subjective — that is, when questions of truth, moral or factual, are involved. Students today, whose parents often pay fortunes for their education, are treated like valuable customers, not lowly apprentices.

Persons: “, didn’t, —, Walter Cronkite, That’s, It’s, Hadrian, ”, Marguerite Yourcenar, there’s Organizations: Conservatives, University curriculums, Liberal, Yale, Princeton Locations: United States

☆ The Olympics are getting a luxury makeover this year
▼ + stars: | 2024-07-27 | by ( Madeline Berg | Ashley Rodriguez | ) www.businessinsider.com time to read: +7 min

From the custom Louis Vuitton cases presenting the Olympic medals and torch, to Armani attire donning Team Italy, luxury and beauty brands will be all over the Paris Games. LVMH is one of the biggest brand partners of the Paris Games, with the conglomerate spending about $160 million, Bloomberg reported. AdvertisementThe Paris Games also represent a return to form, with the crowds back for the first time since the pandemic. "A large amount of the global population will be watching" the Olympics, Fflur Roberts, the global head of luxury at Euromonitor International, told BI. The Olympics are also a high-stakes chance to prove luxury is "worth it" following a recent backlash against sky-high prices.

Persons: —, Louis Vuitton, Dior, Harry Poole, SponsorUnited, we've, Ellie Thorpe, Kantar BrandZ, Fflur Roberts, Marguerite Le Rolland, Poole, Octagon, Glossier, there's, Nancy Atufunwa, Stella Jean, Atufunwa, Thorpe, Bernard Arnault Organizations: Service, Olympic, Italy, Paris Games, Business, Bloomberg, Brands, Armani, Games, Excel Sports Management, Paris Olympics, Tokyo Games, Euromonitor, Olympics, Deloitte, USA, Women's, Haiti, Team Nigeria, LVMH Locations: Prada, Paris, Italian, France

☆ Google has admitted defeat by abandoning its plan to eliminate cookies. But the ad industry should wait before popping the Champagne.
▼ + stars: | 2024-07-23 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

Early industry testing of the Privacy Sandbox tools designed to emulate online targeting produced fairly dire results. Google won't escape regulatory scrutinyIt's unclear whether keeping cookies would allow Google to shake off regulators' grasp of its Privacy Sandbox. In 2022, Google pledged to give the UK's Competition and Markets Authority oversight of its Privacy Sandbox rollout and Chrome cookie removal. A key question now is whether Google's commitments to the CMA need to change now that third-party cookies remain in the mix. And there isn't a clear answer about the future governance of the Privacy Sandbox, to ensure Google doesn't preference its own ad products.

Persons: —, Ciaran O'Kane, Bobby Ewing, Jon Snow, they'd, Googler Organizations: Service, Business, Google, YouTube, Apple, CMA

☆ Opinion | Biden’s Get-Tough-on-China Tariffs May Backfire
▼ + stars: | 2024-05-21 | by ( Steven Rattner | ) www.nytimes.com time to read: +1 min

Two successive presidents have come down firmly on the side of tariffs rather than trade agreements as the preferred mechanism for managing international commerce. While there are political and security reasons for tariffs, America’s new protectionist stance will raise prices, limit consumer choices and risk our future growth. Last week, after laying low on this front for most of his term, President Biden announced a raft of new tariffs on selected Chinese imports including electric cars and solar panels as well as steel and aluminum. While the tariffs cover only $18 billion of imports, they are by design meant to keep Chinese products, like electric vehicles, from entering the U.S. market. In doing so, he has in large measure aligned his trade policy with that of his predecessor, Donald Trump.

Persons: Biden, Donald Trump Locations: United States, U.S

☆ Want to see Taylor Swift’s ‘Eras Tour’ without breaking the bank? Try Europe
▼ + stars: | 2024-05-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Planning a summer vacation in Europe usually requires an exorbitant amount of cash, but when Taylor Swift is involved, it actually might be a deal. For example, secondary market ticket prices for Swift’s show in Stockholm, Sweden, this Saturday are as cheap as $300 for standing room-only and seats in the nosebleed sections. Compare that to Swift’s show in Miami in October where seats are selling for about $2,000 to as much as $8,500 on StubHub. Julien De Rosa/AFP/Getty ImagesAlthough Europe’s laws on ticket resale vary country by country, a number of them, including Ireland and Portugal, ban ticket sellers from making a profit on the secondary market. For Swifties looking to jump over the pond for their London Boy, Shemtob recommends using ticket sellers such as Ticketmaster, AEG, Eventim or Twickets.

Persons: Taylor Swift, Swift, Sam Shemtob, Julien De Rosa, reselling, Shemtob, it’s, ” Organizations: New, New York CNN, Union, Alliance, CNN, Friends Arena, Swedish men’s national football team, Sweden isn’t, Getty, EU, Digital Services, European Court, Justice, ”, London, Ticketmaster, AEG Locations: New York, Europe, Stockholm, Sweden, Swedish, Miami, New Orleans, Indianapolis, Portugal, Spain, Germany, Paris, AFP, Ireland, France, EU

☆ Water Heaters Use Lots of Energy. The D.O.E. Wants to Change That.
▼ + stars: | 2024-04-30 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

The Biden administration on Tuesday adopted stricter energy-efficiency standards for residential water heaters, the most consequential move in a flurry of changes designed to reduce the energy used by many common appliances including stoves, dishwashers and lightbulbs. The Department of Energy said the new standards, taken together, will save American households and businesses nearly $1 trillion over 30 years, and save the average family $100 a year or more through lower utility bills. The changes will also cut greenhouse gas emissions, the agency said, by an amount equivalent to taking 18 million gas-burning cars off the road over that time. However, the changes have come under withering attack by Republican lawmakers who claim the new rules will make appliances costlier in the short term. Republican politicians and their allies have accused the administration of planning to ban gas stoves, for example, and conservative groups have blamed environmental rules for what it claimed was the decline of the American dishwasher.

Persons: Biden Organizations: Department of Energy, Republican, Appliances, Laundry

☆ Brexit border checks: Britain braces for less choice and higher prices on food imports
▼ + stars: | 2024-04-30 | by ( Hanna Ziady | Anna Cooban | ) edition.cnn.com time to read: +10 min

The new regime for food imports is perhaps the starkest example of the painful border bureaucracy that UK and EU businesses must contend with in the wake of Brexit. An additional cost of that scale will “significantly increase food prices and reduce choice,” the federation’s CEO Phil Pluck wrote in a letter to environment and food minister Steve Barclay earlier this month. But here too Brexit hasn’t helped, ending as it did the free movement of EU workers on whom British farmers had relied for decades. In addition to Brexit-related challenges, UK farmers have been squeezed by soaring input costs, including those of fertilizer, energy and labor. “I’m not hugely in favor of subsidies, I’m in favor of fair food prices,” Maddocks said.

Persons: Eddie Price, ”, Phil, Steve Barclay, Andrew Aitchison, Andrew Opie, “, Jack Bobo, “ It’s, Price, hasn’t, ” Tom Bradshaw, “ You’re, Chris Ratcliffe, Brexit, ” Philip Maddocks, I’m, ” Maddocks Organizations: London CNN, European Union, EU, Britain, Birmingham Wholesale, CNN, Chain Federation, British Retail Consortium, University of York, Food Systems, University of Nottingham, Birmingham Wholesale Market, Bank, National Farmers ’ Union, Bloomberg, Getty, PDM Locations: United Kingdom, Britain, France, Spain, artichokes, Italy, Birmingham, Dover, Port, Netherlands, Ireland, Germany, North Africa, England, Sandwich, Australia, New Zealand, English, Shropshire

☆ Judge approves NAR settlement on broker commissions
▼ + stars: | 2024-04-24 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

On Tuesday, Judge Stephen Bough granted preliminary approval to the $418 million antitrust settlement in a Missouri court. Housing experts say the settlement may effectively demolish the current real estate business model. Under the terms of settlement, which was announced in March, sellers’ agents will no longer be required to offer commissions to buyers’ agents. While the settlement does not explicitly spell the end of the traditional 6% commission, split between the seller’s agent and the buyer’s agent, commissions are expected to fall because they will become competitive and negotiable. If sellers are no longer paying buyers’ agents, homebuyers may be on the hook to pay their broker directly.

Persons: Stephen Bough, Matt Hanley, ” Hanley, “ I’m Organizations: CNN, National Association of Realtors, NAR, homebuyers Locations: United States, Missouri, Minnesota

☆ How car buyers thinking hybrid over EV should make the decision
▼ + stars: | 2024-04-07 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

And what would the upfront costs be to upgrade your system to allow for faster charging, if desired? Do the math on upfront cost, EV vs. hybridIf it's still a toss up between an EV and a hybrid, next consider upfront costs. By contrast, the average starting price for a hybrid car is $33,214, according to iSeeCars.com, a car search engine. Search for available auto rebates and incentivesIf you're leaning toward an EV, but still find the upfront cost daunting, look for possible rebates. He points to a study by Argonne National Lab that shows scheduled maintenance costs per mile are significantly lower for an EV versus a traditional hybrid or plug-in hybrid.

Persons: you've, Aston Martin, Sandeep Rao, there's, Rao, Steve Christensen, Maxwell Woody, Woody, Albert Gore, ZETA Organizations: Ford, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, Gallup, New York, EV, Chevrolet, Department of Energy, Battery Coalition, Progressive Casualty Insurance Company, of Michigan, University of Michigan, Argonne National Lab, Honda Locations: U.S, California, Florida, Texas

☆ Last-minute Brexit bill risks higher food prices, UK business groups warn
▼ + stars: | 2024-04-04 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —British business groups are warning that newly announced post-Brexit charges on plant and animal imports could push up food prices not long after food inflation came down from double-digit rates. The port and the undersea tunnel beneath the English Channel handle the majority of UK food imports. Annual UK food price inflation topped 19% in March 2023, the highest rate in 45 years, and stood at more than 10% as recently as in October. Some are already “deciding that it is too expensive or too much hassle to serve the UK,” he told CNN. A government spokesperson said the new charges “were at the bottom end of the range” discussed with UK businesses during a consultation period last summer.

Persons: Tom Southall, William Bain ,, ”, James Barnes, “ Organizations: London CNN, European Union, Department for Environment, Food, Rural Affairs, Channel, Chain Federation, Chambers of Commerce, ”, CNN, EU . Trade, Horticultural Trades Association Locations: British, Port, Dover, Eurotunnel, Southall

These are accusations that the Justice Department leveled against a technology giant it accused of running an illegal monopoly. But they aren’t from this week’s antitrust lawsuit against Apple — they’re from the case the department brought against Microsoft in 1998. And federal prosecutors are explicitly connecting the Apple lawsuit to that earlier fight. “They’re really presenting this case as a successor to that: Microsoft 2.0,” said Gus Hurwitz, a senior fellow at the University of Pennsylvania Carey Law School. And it isn’t clear whether the Justice Department will be able to achieve here what it claims to have done by suing Microsoft.

Persons: Apple —, Department’s, Clinton, “ They’re, ”, Gus Hurwitz Organizations: Justice Department, Apple, Microsoft, Google, University of Pennsylvania Carey Law School

☆ Dollar General is taking a key strategy from Costco as it aims to lower costs
▼ + stars: | 2024-03-21 | by ( Dominick Reuter | Alex Bitter | ) www.businessinsider.com time to read: +5 min

Dollar General is sharply reducing the selection of products it sells in order to cut costs. The discounter previously stocked about 12,000 unique items, referenced by SKUs. AdvertisementSome Dollar General shoppers may see their favorite items disappearing from shelves as the discount retailer looks to control inventory costs. The move inches Dollar General closer to Costco's time-tested strategy for finding savings through simplicity — the wholesale club famously keeps its SKU count to around 4,000 in its warehouses. Last summer, Dollar General took a $95 million inventory write-down as it cleaned those stores up.

Persons: SKUs, —, Todd Vasos, there's, Neil Saunders, Vasos, didn't, Gina Goetter Organizations: Costco, Service, Walmart, Aldi, Hasbro

☆ Home buyers and sellers to be spared automatic broker commissions under $418 million settlement
▼ + stars: | 2024-03-15 | by ( Rob Wile | ) www.cnbc.com time to read: +3 min

The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers' long-standing automatic commissions, commonly of up to 6% of the purchase price. Instead, home buyers and sellers would be able to negotiate fees with their agents upfront. If the $418 million legal agreement is approved by a federal court, consumer advocates predict the ranks of real estate agents will thin, further driving down commission prices. "For years, anti-competitive rules in the real estate industry have financially harmed millions," said Benjamin Brown, managing partner at the Cohen Milstein law firm and one of the settlement's negotiators. "It's a bribe," Doug Miller, an attorney and longtime consumer advocate in the real estate industry, said of the commission-splitting arrangements.

Persons: Benjamin Brown, Cohen Milstein, Nykia Wright, Wright, —, Doug Miller Organizations: National Association of Realtors, NAR, MLS

☆ The 6% commission on buying or selling a home is gone after Realtors association agrees to seismic settlement
▼ + stars: | 2024-03-15 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

The NAR, which represents more than 1 million Realtors, also agreed to put in place a set of new rules. One prevents sellers’ brokers from setting buyers’ agents’ compensation, which critics say led brokers to push more expensive properties on customers. Another new rule will require buyers’ brokers to enter into written agreements with their buyers. Realtors could now compete on commissions, allowing for prospective buyers to shop around on rates before they commit to buying a home. The association also faces scrutiny from the US Department of Justice, and it’s unclear whether this settlement with sellers will impact the government’s scrutiny of the brokerage industry.

Persons: ”, Kevin Sears, Nykia Wright, Homesellers, HomeServices, Wright Organizations: CNN, National Association of Realtors, NAR, Realtors, realtors, US Department of Justice Locations: Missouri, America, litigate

☆ Real estate stocks plunge as NAR agrees to landmark settlement that rewrites rules on commissions
▼ + stars: | 2024-03-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The National Association of Realtors announced a $418 million settlement to end antitrust lawsuits. Real estate stocks including Zillow and Redfin fell Friday after the announcement. AdvertisementShares of real estate companies plunged on Friday following an announcement from the National Association of Realtors that resolves a lawsuit with home-selling groups and effectively nixes the standard 6% commission for home purchases. As part of the settlement, the NAR has agreed to prevent sellers' brokers from determining the compensation for buyers' agents. AdvertisementTaken together the changes will rewrite the longstanding real estate business model which had sellers pay their broker and the buyer's broker.

Persons: Redfin, —, Nykia Wright, Kevin Sears Organizations: National Association of Realtors, Service, NAR

☆ How do we solve a problem like Boeing?
▼ + stars: | 2024-03-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —It took decades for Boeing to build a reputation as one of the most reliable companies on the planet. The latest headache for Boeing came Monday, when a 787 Dreamliner flying from Australia to New Zealand plunged suddenly mid-flight, injuring several passengers. It’s not clear what, if any, culpability Boeing has here — it said it’s gathering information about what went wrong. So, how do we solve a problem like Boeing? “This can be really as big as a financial crisis,” considering how many businesses around the world rely on Boeing planes.

Persons: CNN Business ’, Tesla, Brian Jokat, it’s, can’t, ” Gad Allon, “, ” Allon isn’t, Matt Stoller, ” Stoller, that’s, “ There’s, ” Allon Organizations: CNN Business, New York CNN, Boeing, American, Regulators, Latam Airlines, CNN, Wall Street Journal, FAA, Airbus, Pilots, University of Pennsylvania’s Wharton School of Business, American Economic Liberties, Boeing isn’t Locations: New York, Australia, New Zealand, American

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