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☆ Why it's gotten more difficult to get a free first-class upgrade
▼ + stars: | 2024-12-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +7 min

Passengers deplane through the business class seating area on an American Airlines flight, London Heathrow Airport, Aug. 14, 2018. American Airlines ' nonstop flight from New York to Paris during Easter week 2025 was $1,104 in coach and $3,038 in the airline's Flagship Business class. On Wednesday, JetBlue Airways said it would introduce two or three rows of domestic business class on planes that don't have its highest tier Mint business class with lie-flat seats, dubbing it "junior Mint." "We've seen more paid demand for premium cabin than we ever did pre-pandemic," said Scott Chandler, vice president of revenue management at American Airlines. "More people want the experience of the premium cabin."

Persons: Jeff Greenberg, Glen Hauenstein, Griffin, They've, Hauenstein, That's, Andrew Harrison, Scott Chandler, Chandler, Henry Harteveldt, Bob Jordan, it's, Jordan Organizations: American Airlines, Airport, Universal, Getty, Delta Air Lines, United Airlines, Los Angeles International Airport, Delta Sky Club, AaronP, Bauer, United, Delta, Frontier Airlines, Airbus, Wednesday, JetBlue Airways, Mint, Alaska Airlines, Hawaiian Airlines, Boeing, Sky Club, Hartsfield, Jackson Atlanta International Airport, Airlines, Atmosphere Research, Southwest Airlines Locations: London, U.S, Newark , New Jersey, New York, Paris, Delta

An incoming West Virginia state lawmaker was arrested Thursday after he allegedly threatened to kill other state lawmakers. "The West Virginia State Police and the West Virginia Capitol Police take all threats against government process seriously," Goldie Jr. said. "Any person making these threats used to intimidate, disrupt, or coerce the members of our West Virginia legislature or other governmental bodies will not be tolerated." The complaint named a handful of Republican state lawmakers, including Speaker of the West Virginia House of Delegates Roger Hanshaw, as targets. West Virginia Republican Party chairman Matt Herridge in a statement criticized de Soto's actions and said the party supports his expulsion.

Persons: Joseph de Soto, Leslie T, Goldie Jr, de Soto, De Soto, Roger Hanshaw, Hanshaw didn't, God, Mr, DeSoto, Jacob Mills, Kevin D, Mills, Matt Herridge, de, “, ” Herridge Organizations: West Virginia House, Virginia State Police, West Virginia State Police, West Virginia Capitol Police, West Virginia State Capitol, Google, Republican, NBC News, NBC, Democratic Party, Criminal, Mills & Associates, West Virginia Republican Locations: West Virginia, West, Charleston, W, Berkley

☆ Will 'No Good Deed' return for season 2? The finale ending leaves the door slightly open
▼ + stars: | 2024-12-13 | by ( Olivia Singh | ) www.businessinsider.com time to read: +4 min

Lisa Kudrow and Ray Romano star in Netflix's new dark comedy series "No Good Deed." Warning: Major spoilers ahead for season one of "No Good Deed." AdvertisementYour next binge watch has arrived, and it's "Dead to Me" creator Liz Feldman's new dark comedy "No Good Deed." Here's what we know so far about if "No Good Deed" will return for a second season. AdvertisementNetflix hasn't announced a season two of 'No Good Deed' yetLisa Kudrow as Lydia in "No Good Deed."

Persons: Lisa Kudrow, Ray Romano, Netflix hasn't, Liz Feldman's, Raymond, Lydia, Paul Morgan, Jacob, Wyatt Aubrey, meanwhile, Paul, Linda Cardellini, Margo, JD's, Luke Wilson, Margot, Emily, Chloe East, JD, Leslie, Abbi Jacobson, Sarah, Poppy Liu, She's, Lydia's, Kevin Alves, Morgans, Saeed AdyaniNetflix, it's, Dennis, Carla, Teyonah Parris, Randall's, Feldman, Tudum, Keira Knightley Organizations: Netflix, Los Angeles, JD Locations: Los, Teton, Tupelo

☆ Bank sector could see regulatory reform ahead
▼ + stars: | 2024-12-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank sector could see regulatory reform aheadCNBC's Leslie Picker reports on news regarding the incoming administration.

Persons: CNBC's Leslie Picker Organizations: Email Bank

☆ Buy now, pay later company Affirm strikes $4 billion loan deal with private credit firm Sixth Street
▼ + stars: | 2024-12-13 | by ( Leslie Picker | ) www.cnbc.com time to read: +1 min

Two trendy areas in finance – fintech and private credit — are coming together in a new multi-billion dollar joint venture. Affirm Holdings is getting its largest-ever capital commitment with a new partnership from private-credit firm Sixth Street, which is investing in $4 billion worth of loans over the course of three years. Sixth Street is committing capital upfront for Affirm to underwrite short-term installment loans – between 4- to 6-month timeframes. As private credit has exploded in recent years, alternative-asset managers are increasingly looking at non-bank, fintech companies to invest capital. What this means is Sixth Street intends to purchase loans originated by Affirm for consumers as they buy items online through platforms ranging from Amazon to Apple.

Organizations: Sixth, Apple, PayPal, KKR Locations: Europe

The head of the Federal Aviation Administration, Mike Whitaker, will step down Jan. 20, leaving the key agency that oversees Boeing and the U. S. airline industry again without a leader. Mark House, the assistant administrator for finance and management at the FAA, will becoming acting deputy administrator. Trump's last nominee to lead the FAA, ex-Delta captain Steve Dickson, resigned in 2022, midway through his term. "You have seen leadership come and go – and through every transition you have kept air travel steady and safe. A spokesman for the transition team for President-elect Donald Trump, who is scheduled to take office Jan. 20, didn't immediately comment.

Persons: Mike Whitaker, Whitaker, Mark House, Steve Dickson, Donald Trump, didn't, Trump, Elon Musk's, Jeff Bezos, Musk Organizations: Aviation, Boeing, Federal Aviation Administration Headquarters, Federal Aviation Administration, Max, FAA, U.S, Delta, eventual, Elon, Elon Musk's SpaceX, SpaceX Locations: Washington ,

☆ JetBlue to bring 'junior Mint' first class to domestic flights in 2026
▼ + stars: | 2024-12-11 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +2 min

JetBlue Airways plans to add domestic first-class seats in 2026 on airplanes that don’t have its top-tier Mint class, the latest initiative to win over higher-paying customers and get back to profitability. All of JetBlue’s Airbus aircraft without Mint, the airline’s lie-flat seats, will have two or three rows of domestic first-class seats, Marty St. George, JetBlue’s president, said in a note to employees. “Since launching Mint over a decade ago, we’ve explored the idea of expanding a version of it across the fleet, often playfully calling it ‘mini-Mint’ or ‘junior Mint,’” St. George said. Let’s keep our competitors guessing,” St. George wrote. St. George, JetBlue’s former commercial chief, came back to the New York-based airline earlier this year to help new CEO Joanna Geraghty return JetBlue to profitability and cut costs.

Persons: Marty St, George, we’ve, Joanna Geraghty Organizations: JetBlue Airways, Airbus, Mint, ”, JetBlue, Northeast, U.S, Spirit Airlines, American Airlines, CNBC, Alaska Airlines Locations: ” St, New York, Florida, U.S, Boston, Madrid

☆ When I was 14, I helped my parents take care of foster kids. Now, I'm child-free by choice.
▼ + stars: | 2024-12-10 | by ( Leslie Vooris | ) www.businessinsider.com time to read: +4 min

My parents kept our home open to foster kids, but their health deteriorated. AdvertisementWhen my classmates were dreaming of first kisses at 14, I was warming bottles at 3 a.m. and soothing colicky babies. I was a teenager in my neon green jumpsuit, thrust from foster child to foster mother in the span of a few years. My parents adopted me when I was 6 years old after fostering me and always kept our home open to four foster children, many with special needs. I'm child-free by choiceI'm not a mother in the traditional sense.

Persons: Benny Goodman, I'm, I've Organizations: Nestle

☆ Alaska Airlines plans new nonstop flights to Japan, Korea in $1 billion postmerger profit push
▼ + stars: | 2024-12-10 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Alaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there. The airline will launch nonstop service between its home hub of Seattle-Tacoma International Airport and Tokyo's Narita International Airport in May on Hawaiian's Airbus A330-200s, and between Seattle and Seoul, South Korea's, Incheon International Airport in October, Alaska said Tuesday. By 2030, Alaska plans to serve at least a dozen international destinations from Seattle using wide-body planes, reshaping the carrier. The carrier said Tuesday that it authorized a $1 billion share buyback. It raised its fourth-quarter earnings estimates to 40 cents to 50 cents a share, up from a previous outlook for 20 cents to 40 cents.

Organizations: Alaska Air Group, Hawaiian Airlines, Boeing, Airbus, Seattle - Tacoma International Airport, Tokyo's, Airport, Incheon International Airport Locations: Alaska, Seattle, Seoul, South Korea's, Incheon, Tokyo

☆ Industries to Thrive in 2025
▼ + stars: | 2024-12-10 | by ( Leslie Picker | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndustries to Thrive in 2025Over the past year, investors poured money into trends like AI, electric vehicles, as well as sports and election betting. Will regulators slow their growth in the year ahead or will government go-aheads give them more room to run? Venture Capitalist Bradley Tusk shares his thoughts on potential state, local and federal policy changes that may impact investments across the hottest industries.

Persons: Bradley Tusk Organizations: Email Industries, Venture

☆ Watch CNBC's full interview with JPMorgan's Global Head of M&A Anu Aiyengar
▼ + stars: | 2024-12-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with JPMorgan's Global Head of M&A Anu AiyengarAnu Aiyengar, JPMorgan global head of M&A, joins 'Closing Bell Overtime' and CNBC's Leslie Picker to talk optimism heading into the Trump administration, what's to come in the M&A space, and more.

Persons: Anu Aiyengar Anu Aiyengar, CNBC's Leslie Picker, Trump, what's Organizations: JPMorgan's, JPMorgan

☆ American Airlines chooses Citi as sole credit card partner, drops Barclays
▼ + stars: | 2024-12-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

American Airlines has inked a long-awaited credit card deal with Citigroup, dropping its other partner, Barclays. The airline said Thursday that it expects payments it receives from its co-branded credit card and other partners to grow 10% a year. Citi will take over credit card sign-up promotions such as those on flights and at airports. CNBC reported in September that the airline was in talks to pick Citi as its exclusive credit card partner. Correction: American Airlines made its announcement on Thursday.

Persons: Delta Organizations: Airlines, Citigroup, Barclays, Barclays cardholders, Citi, US Airways, CNBC, Carriers, Delta Air Lines, American Express, American Airlines

☆ Mark Cuban: This will 'be the No. 1 housing affordability issue' in the U.S.—Florida especially will have 'huge problems'
▼ + stars: | 2024-12-05 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

"Home insurance in areas hit by repetitive disasters is going to be the number one housing affordability issue over the next 4 years. On average, you'll pay $2,304 per year for a policy with $300,000 in dwelling coverage, according to Bankrate, a 17% increase from January 2022. You'll pay more if you have a trampoline or a pool, for instance, both of which boost the odds of injury at your home. You'll pay more if there is a higher likelihood that you'll make a claim to repair a home damaged by weather. What to do to combat rising home insurance costs

Persons: Mark Cuban, Harris, Walz, Nathan Posner, you've, Shannon Martin, Bankrate, Martin, Leslie Kasperowicz Organizations: Anadolu, Getty, Nebraska Locations: Atlanta , Georgia, United States, Florida

☆ Court rejects Boeing plea deal tied to 737 Max crashes
▼ + stars: | 2024-12-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A federal judge rejected Boeing 's plea deal tied to a criminal fraud charge stemming from fatal crashes of its 737 Max aircraft. The court gave Boeing and the Justice Department 30 days to decide how to proceed, according to a court document filed Thursday. All 346 people on the flights were killed. Boeing and the Justice Department didn't immediately comment. Victims' family members had taken issue with a government-appointed monitor as a condition of the plea and called it a "sweetheart deal."

Persons: Nadia Milleron, Samya Stumo, Dennis Muilenburg, Hart, Max, Justice Department didn't Organizations: Ethiopian Airlines, Boeing, Senate Commerce, Science, Max, Justice Department, Lion

☆ Southwest and American airlines raise sales outlooks, shares jump
▼ + stars: | 2024-12-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: 1 min

Southwest Airlines and American Airlines raised their fourth-quarter forecasts on Thursday, citing strong demand and higher fares, sending shares in the carriers higher. Southwest said in a securities filing that fourth-quarter unit revenue will likely rise between 5.5% and 7% from last year, up from a previous forecast of an increase of no more than 5.5%. The airline said its network changes aimed at culling unprofitable flights are paying off and that demand into next year appears solid. "The Company is encouraged by recent revenue trends and forward bookings, including fourth quarter holiday travel, and currently expects strong revenue trends and tactical initiative performance to carry into 2025," Southwest said. Southwest also said it would complete its first sale-leaseback of aircraft in the first quarter.

Organizations: Southwest Airlines, American Airlines Locations: Southwest

☆ Rockefeller Center Christmas tree lighting: How to watch, what time it starts and what to know
▼ + stars: | 2024-12-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +5 min

The Christmas season again gets an unofficial kickoff with the star-studded tree lighting ceremony at Rockefeller Center in New York City. There’s nothing like it in the world, especially the tree lighting ceremony.”How do I watch the ceremony? Spanish-language viewers can, for the first time, watch a Telemundo simulcast, “Navidades en Rockefeller Center,” starting live at 9 p.m. It’s a 74-foot-tall, 43-foot-wide Norway spruce from West Stockbridge, and it arrived at Rockefeller Center on Nov. 9, according to the website for Rockefeller Center. His family has since said in a statement that Albert has suffered a stroke but was still “looking forward to the Rockefeller Center Christmas tree lighting, and working hard to be able to attend in person.”What is the history of the tree lighting?

Persons: Kelly Clarkson, ” Clarkson, “, Charlie Brown, Clarkson, Peacock, Mario Lopez, Natalie Pasquarella, David Ushery, Navidades, ”, Daniel Libeskind, Jennifer Hudson, Dan, Shay, Megan Hilty, Thalia, Hoda Kotb, Al Roker, Craig Melvin, It’s, Earl Albert, Leslie, Albert Organizations: Rockefeller Center, New York City, Universal Studios, NBC, “, Telemundo, Peacock, NBCUniversal, National Weather Service, Backstreet Boys, Radio City, Radio City Music Hall, Savannah Guthrie, Habitat, Rockefeller, New Locations: New York City, New York, Universal City , California, NBC New York, Massachusetts, Norway, West Stockbridge

☆ Airline executives set to defend seat fees before Senate panel
▼ + stars: | 2024-12-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

U.S. airline executives are set to defend their seating fees before a Senate panel Wednesday after the subcommittee accused the industry of charging "junk" fees to bring in billions in revenue. American, Delta, United, Spirit and Frontier brought in $12.4 billion in seating fees between 2018 and 2023, according to a report released Nov. 26 by the Senate Permanent Subcommittee on Investigations. "Our seat selection products are all voluntary," Stephen Johnson, American's chief strategy officer, said in written testimony ahead of the hearing. "For customers who value sitting in more in-demand locations, we do offer the opportunity to pay for more desirable seats." The Biden administration and some lawmakers have promised to crack down on so-called "junk" fees and have cited the airline industry as a target for cuts.

Persons: Stephen Johnson, Biden Organizations: American Airlines Boeing Co, U.S, Frontier, Senate, Investigations Locations: Delta

☆ JetBlue cuts more unprofitable routes, tweaks Europe flights
▼ + stars: | 2024-12-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

JetBlue said it will cut flights from Fort Lauderdale, Florida, to Jacksonville, Florida; from New York's John F. Kennedy International Airport to Austin, Texas; Houston, Texas; Miami; and Milwaukee, Wisconsin; and from Westchester, N.Y. and Milwaukee. JetBlue Airways told staff Wednesday that it is axing more unprofitable flights, redeploying aircraft outfitted with its high-value business class and tweaking Europe service, the carrier's latest moves to return to consistent profitability and cut costs. JetBlue will announce some new Europe service next week, the memo said. CEO Joanna Geraghty and her team are focusing on reducing costs and culling unprofitable routes, such as those on the West Coast, as they grapple with a Pratt & Whitney engine grounding and post-pandemic shifts in demand. JetBlue said customers who are affected by the changes can select alternate flight options or receive a refund if other routes aren't available.

Persons: John F, Dave Jehn, Joanna Geraghty Organizations: JetBlue Airbus A321neo, AMS EHAM, JetBlue, Kennedy International Airport, Seattle, JetBlue Airways, CNBC, Gatwick Airport, Pratt & Whitney, Mint Locations: Amsterdam, Netherlands, JFK, Miami, Fort Lauderdale , Florida, Jacksonville , Florida, New, Austin , Texas, Houston , Texas, Milwaukee , Wisconsin, Westchester, N.Y, Milwaukee, San Jose , California, Florida, Delta, Boston, Europe, Paris, New York, West Coast

☆ Rockefeller Christmas tree lighting 2024: When it is, how to watch and what to know
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +5 min

The holiday season seems to get real with the Christmas tree lighting ceremony at Rockefeller Center in New York City every year. Kelly Clarkson, the musician and host of a talk show taped at Rockefeller Center, will return to host the lighting ceremony and its television special, “Christmas in Rockefeller Center." There’s nothing like it in the world, especially the tree lighting ceremony." Workers install the Rockefeller Center Christmas tree in New York City on Nov. 9. It’s a 74-foot tall, 43-foot-wide Norway spruce from West Stockbridge, and it arrived at Rockefeller Center on Nov. 9, according to the website for Rockefeller Center.

Persons: Kelly Clarkson, Clarkson, Charlie Brown, Stephanie Keith, Peacock, Mario Lopez, Natalie Pasquarella, David Ushery, Navidades, ”, Daniel Libeskind, Jennifer Hudson, Dan, Shay, Megan Hilty, Thalia, Hoda Kotb, Al Roker, Craig Melvin, It’s, Earl Albert, Leslie, Albert Organizations: Rockefeller Center, New York City, Universal Studios, Workers, Rockefeller, NBC, Telemundo, National Weather Service, Backstreet Boys, Radio City, Radio City Music Hall, Savannah Guthrie, Habitat Locations: New York City, New York, Universal City , California, NBC New York, Massachusetts, Norway, West Stockbridge

☆ BlackRock acquires HPS for $12 billion in major bet on private credit
▼ + stars: | 2024-12-03 | by ( Leslie Picker | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackRock acquires HPS for $12 billion in major bet on private creditCNBC's Leslie Picker reports on the world of private credit.

Persons: CNBC's Leslie Picker Organizations: BlackRock

BlackRock said Tuesday it will acquire HPS Investment Partners for $12 billion in stock, as the world's largest asset manager looks to grow its presence in the highly popular private credit space. The deal, which is expected to close in mid-2025, comes during a boom for the private credit space. The transaction also creates "an integrated private credit franchise" with about $220 billion assets, per BlackRock. BlackRock earlier this year announced it would acquire Global Infrastructure Partners and private market data provider Preqin for $12.5 billion and $3.2 billion, respectively. The deal is also expected to raise BlackRock's private market AUM and management fees by 40% and roughly 35%, respectively.

Persons: Andrew Ross Sorkin, Larry Fink, Ares, HPS Organizations: BlackRock, New York Times DealBook, Jazz At Lincoln Center, HPS Investment Partners, Owl, CNBC, Global Infrastructure Partners, CNBC PRO Locations: New York City, BlackRock's, BlackRock

☆ Frontier Airlines will install first-class seats as industry battles for high-paying flyers
▼ + stars: | 2024-12-03 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Frontier Airlines planes are parked at gates in Denver International Airport (DEN) in Denver, Colorado, on August 5, 2023. Frontier Airlines , one of the world's biggest budget airlines, is adding first-class seats. Starting in September, Frontier plans to start ripping out the first two rows of its three-by-three economy seats to add four first-class seats, in a two-by-two configuration. "While we have the lowest costs in the industry, we don't have the best revenue model," Biffle said in an interview. Biffle said the company's biggest gaps in its revenue model came from not offering first-class seats and not having enough rewards for its loyalty program members.

Persons: Barry Biffle, Biffle Organizations: Airlines, Denver International, Frontier Airlines Locations: Denver, Denver , Colorado

☆ Why you should think twice before giving a fitness gift
▼ + stars: | 2024-12-01 | by ( Oona Hanson | ) edition.cnn.com time to read: +6 min

While physical activity offers mental and physical health benefits for most people, working out has become so closely associated with weight loss that an exercise gift can come across as thinly veiled body-shaming. The risks for childrenThe risks are even higher when giving fitness gifts to children and teenagers. For parents who feel a sense of responsibility to encourage an inactive child to get moving, it’s tempting to think a fitness gift could be the perfect catalyst. While gift-givers might assume they’re offering motivation to be more active, surprising someone with a fitness gift can interfere with the ability to engage in exercise, according to Schilling. Giving such a loaded gift “might actually prolong someone from engaging in health behaviors because they feel hurt by it,” Schilling said.

Persons: Oona Hanson, “, Leslie Schilling, ” Schilling, ”, Carolyn Comas, Schilling, ” Comas, “ It’s, Comas, it’s, athleisure, wearables, they’re, I’ve Organizations: CNN, National Alliance for Locations: Las Vegas, Los Angeles

☆ Hurricane season is over, but the rise of storm-resistant homes in Florida is just getting started
▼ + stars: | 2024-11-30 | by ( Dan Latu | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +11 min

AdvertisementAbout two hours southeast of Hunters Point is a development called Babcock Ranch, which bills itself as "The Hometown of Tomorrow." A rep said that in the days before Hurricane Milton, Babcock Ranch saw a 390% increase in daily visits to its website. Hunters Point homes are high off the ground and air-tightLiving spaces begin on the second floor of the homes in Hunters Point. AdvertisementThese connections — roof to walls, walls to each other, and walls to foundation — are fundamental to building a house that can withstand hurricane-force winds. AdvertisementIn Hunters Point homes, though, "everything is connected.

Persons: Hurricane Milton, William Fulford's, Fulford, Hurricanes Helene, Milton, Babcock, Leslie Chapman, Henderson, Chapman, Marshall Gobuty, they're, you've, Mike O'Reilly, Gobuty, Syd Kitson, Mother Nature, Kitson, Ian, shouldn't, O'Reilly, Fred Malik, Malik Organizations: Hurricane, Hurricanes, Babcock, Federal Alliance, Safe Homes, beefed, Business, Colorado State University, Insurance Institute for Business & Home Safety Locations: Florida, Tampa , Florida, Gulf of Mexico, Cortez , Florida, Hurricane, Punta Gorda , Florida, Florida's, Tampa, Sarasota Bay, Hurricane Milton, We're, Chapman

☆ The battle against 6% broker fees isn’t over after a surprise 11th hour court filing
▼ + stars: | 2024-11-28 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

CNN —The US Department of Justice threw even more doubt into a new way of paying for real estate brokers this week, raising concerns about a recent wide-ranging legal settlement. The new rules included in the settlement represented the biggest upheaval to the US real estate market in a century, sowing worry among real estate professionals. The NAR settlement was originally announced in March, and the new rules took effect in mid-August. “This is an important moment for NAR members, home buyers and sellers, and the real estate industry,” said NAR President Kevin Sears in a statement about the settlement approval. Rob Crawford, the owner of Florida real estate firm Loch Realty, said he has heard of real estate brokerages weighing whether to leave the organization.

Persons: Realtors —, ”, Leo Pareja, Kevin Sears, Department’s, –, Tanya Monestier, “, Rob Crawford, Crawford, ” Leslie Heindel, hasn’t, ” Heindel, Heindel Organizations: CNN, US Department of Justice, Realtors, eXp Realty, National Association of Realtors, NAR, Justice Department, DOJ, University, Buffalo School of Law, Loch Realty Locations: Missouri, Florida, Loch, New Orleans

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