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☆ Google Shopping just got an AI makeover
▼ + stars: | 2024-10-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Google Shopping has added a number of new features in recent years. Google Shopping now has AI Overviews-like briefing to provide more context to users on what they're looking to buy. The shopping feed considers inputs from Google surfaces including your shopping activity on Chrome, Search, YouTube and Discover, a Google spokesperson told Business Insider. "We can show you the best of what Gemini and the Google shopping graph have a recommendation for you." Google previously introduced a virtual try-on feature to Google Shopping and recently extended the tool to dresses.

Persons: —, Lilian Rincon, Rincon Organizations: Google, Service, YouTube, Google Google Locations: Seattle, Pinterest

☆ SuperLimbs: Wearable robotic limbs could help astronauts recover from falls
▼ + stars: | 2024-10-14 | by ( Amy Gunia | ) edition.cnn.com time to read: +11 min

That includes researchers at the Massachusetts Institute of Technology (MIT), who are developing a set of wearable robotic limbs to help astronauts recover from falls. When the wearer falls over, an extra pair of limbs can extend out to provide leverage to help them stand, conserving energy for other tasks. The study found that falls were more common when, like Duke, astronauts were collecting samples or using tools – tasks that Artemis astronauts are likely to undertake. Kim Shiflett/NASA NASA astronaut Eric Boe wears Boeing's new spacesuit designed for astronauts who will fly on the CST-100 Starliner. Ballesteros plans to spend the next few years of his PhD using a “Swiss Army Knife technique” to turn SuperLimbs into a system for astronauts that can “address different important use cases, but all be one unified design.”SuperLimbs could help astronauts recover from falls, move efficiently, and do work.

Persons: haven’t, Artemis, Charlie Duke, Duke, Walter M, Schirra Jr, Donald K, Slayton, John H, Glenn Jr, Scott Carpenter, Alan B, Shepard Jr, Virgil I, Grissom, Gordon Cooper Jr, John W, Michael Collins, Edwin E, Aldrin Jr, Buzz Aldrin, Neil A, Armstrong, Aldrin, Joe Engle, Richard Truly, John Young, Bruce McCandless, McCandless, Robert L, Stewart, Michael J, McCulley, Franklin R, Chang, Diaz, Ellen S, Baker, Shannon W, Donald E, Williams, Michael Fincke, Yury Lonchakov, Kennedy, Center's Neil A, Jessica Watkins, Bob Hines, Kjell Lindgren, Samantha Cristoforetti, Kim Shiflett, Eric Boe, Boeing Dustin Gohmert, NASA's, Joel Kowsky, NASA Kristine Davis, SuperLimbs, Harry Asada, Erik Ballesteros, Ballesteros, it’ll, ”, Jonathan Clark, ” Ballesteros, Ana Diaz Artiles, Kalind Carpenter, Preston Rogers, Mirza Samnani Organizations: CNN, Massachusetts Institute of Technology, MIT, University of Michigan, National Aeronautics and Space Administration, NASA, Mercury, Command, NASA Space Shuttle, Challenger, NASA's, NASA NASA, Russian Sokol, International Space, SpaceX, Armstrong Operations, Boeing, Orion, Space, Space Center, Extravehicular Mobility, UPI, Jet Propulsion, SuperLimbs, Neurology, Space Medicine, Baylor College of Medicine, Texas, Swiss Locations: Tranquility, Russian, Washington ,, Washington, Japan, Mars . China

☆ Yes, there were humans controlling Tesla's bartending robots behind the scenes
▼ + stars: | 2024-10-14 | by ( Jaures Yip | Ana Altchek | ) www.businessinsider.com time to read: +5 min

Tesla's robots serving drinks and talking to guests at the "We Robot" were partly controlled by humans. Please be nice to the Optimus robots. Tesla's Optimus robots walked into the spotlight at the company's "We, Robot" event. Videos of guests' interactions with the Optimus robots posted online underscored that humans were involved. Tesla has said it's already deployed two Optimus robots on its factory floor, though it is unclear what tasks they are completing.

Persons: Tesla, —, Elon Musk, Optimus, Musk, you'll, livestream Morgan Stanley, I'm, Jeremy Judkins, Josh Wolfe, it's Organizations: Service, Optimus, Lux Capital, Tesla

City officials haven't yet tallied up what the Trump campaign owes Erie for public safety costs for his most recent rally in September. The five localities that spoke to NBC News have sent their bills to the Trump campaign. Four years later, the Trump campaign hasn't paid. The unpaid bills go back even further for Spokane, Washington, which wants the Trump campaign to pay for costs incurred in a May 2016 visit, before Trump officially became the Republican nominee for president. Similarly, Erie's bills were to cover police, fire and public works personnel overtime, according to city spokesperson Rob Lee.

Persons: Donald Trump, Trump, they're, reimbursements, it's, Anthony Guglielmi, Guglielmi, Kamala Harris, Laura Cruz Acosta, ” Cruz Acosta, hasn't, Erin, Hut, Bernie Sanders, Hillary Clinton, Sanders, Clinton, didn't, Allison Franz, Nancy Sorensen, Ana Pereira, isn't, Rob Lee, I’d Organizations: Erie Times -, Trump, NBC News, Secret, nonpayment, El, El Paso City Council, Republican, Gateway, Mesa Police Locations: Erie , Pennsylvania, Erie, El Paso , Texas, El Paso, Spokane , Washington, Missoula County , Montana, Arizona, Mesa

Their employment rate is also slightly lower than women in their early 20s. "This smaller share reflects the fact that, within marriages, mothers are still more likely than fathers to specialize in child care," the Fed noted. Today, 26% of mothers are stay-at-home parents, compared with just 7% of fathers, according to a separate Pew study from August. Mothers working full time and year-round outside the home rarely recoup the lost wages, which add up to $20,000 a year, on average. Working moms are making just 71 cents for every dollar paid to fathers, according to an analysis of Census data by the National Women's Law Center.

Persons: Kelly Shue Organizations: Federal Reserve, Pew Research Center, Yale School of Management, CNBC's, National Women's Law

☆ Elon Musk reveals the 'Art Deco' design inspiration behind Tesla's Robovan
▼ + stars: | 2024-10-11 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Elon Musk surprised viewers with the unveiling of Tesla's Robovan at the 'We Robot' event Thursday. Musk shared on X that the Robovan's design was inspired by Art Deco trains. But the Robovan's exterior aesthetic appears to be inspired by the early 20th century Art Deco design period. In response to a user who asked about what inspired the design, Musk replied, "Art Deco trains." Art Deco trains were a product of the Art Deco era, which took place in the 1920s and 1930s.

Persons: Elon Musk, Tesla's Robovan, Musk, —, Tesla, — Tesla, Robovan, 🎯, ike Organizations: Art Deco, Service, Art Locations: lon, usk, ehicles

☆ Elon Musk reveals Tesla's Robotaxi and Robovan
▼ + stars: | 2024-10-11 | by ( Ana Altchek | Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

Elon Musk just unveiled Tesla's Robotaxi at the company's "We, Robot" event in Los Angeles. Elon Musk showed off Tesla's upcoming driverless taxi at its "We, Robot" on Thursday evening. Musk walked into the event and entered a sleek-looking silver Robotaxi, a two-door vehicle that opened upward with butterfly-style doors. The unveiling of Tesla's latest vehicle is a major milestone for the company and has been highly anticipated for years. In 2016, Musk said during a press call that a Tesla vehicle would autonomously drive from Los Angeles to New York City by 2017.

Persons: Elon Musk, —, Robotaxi, Tesla, Musk, Optimus, Uber Organizations: Service, Warner Bros, Elon, Twitter, Traffic, Administration Locations: Los Angeles, Burbank , California, California, Texas, York, New York City

☆ How a homeowners insurance provision can help with living expenses after a natural disaster
▼ + stars: | 2024-10-11 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

If your home is temporarily uninhabitable after a natural disaster, a provision in your homeowners or renters insurance policy may help you with new lodging and other living expenses. Insured losses from Hurricane Milton could range from $30 billion to $60 billion, per Morningstar DBRS. Homeowners and renters affected by a natural disaster can ask about so-called "loss of use" or "additional living expenses" coverage from their insurance providers, experts say. The provision is meant to help cover reasonable living expenses if your home is not suitable to live in as a result of a covered peril such as a hurricane, fire or burst pipe. "I don't know of any homeowners policy that doesn't have it already there," said Karl Susman, president and principal insurance agent of Susman Insurance Services, Inc. in Los Angeles.

Persons: Morningstar, Karl Susman, Shannon Martin Organizations: Susman Insurance, Inc, Finance Locations: Hurricane, Hurricane Milton, Los Angeles

☆ Everything our editors bought for Amazon October Prime Day 2024
▼ + stars: | 2024-10-10 | by ( Aksha Mittapalli | Aksha Mittapalli Is An Editorial Intern For Select On Nbc News. She Is A Senior At Nyu | Double Majoring In Journalism | ) www.nbcnews.com time to read: +17 min

Whether we're stocking up on familiar favorites or taking advantage of big discounts, NBC Select editors made good use of Prime Day. Below are all the products we added to our carts this October Prime Day. I never don’t have extra bottles in my apartment and I always like to stock up on it during Prime Day. I always buy basics on Prime Day, so this was a no-brainer to throw in my cart last minute. To round up this list, I asked editors what they bought for Prime Day and why they bought each product.

Persons: – Lindsay Schneider, – Mili, La, I’ve, – Cory Fernandez, bobby pins, – Lauren Swanson, they’re, Mili, Zoe Malin, – Rebecca Rodriguez, – Aksha, – Bianca Alvarez, Ana Luisa, Anker, Aksha, – Ella Morrissey, – Nikki Brown, Rosalie Sparaco, It’s comfy, they’ve, – Ashley Morris, – Zoe Malin, – Jordan Bowman, I’m, TikTok Organizations: NBC, La Roche, Apple, Amazon, July’s, Prime, Facebook, Twitter Locations: Poppi

☆ Elon Musk is about to reveal Tesla's Robotaxi. Uber and Lyft should be nervous.
▼ + stars: | 2024-10-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Tesla is expected to unveil a new service at its Robotaxi event that will impact Uber and Lyft. The ride-hailing industry has so far been dominated by two major players — Uber and Lyft — and Gawrelski said Tesla's Robotaxi could mark a new challenger jockeying for market share. Uber, Lyft, and Tesla did not immediately respond to a request for comment. Ives said Tesla's Robotaxi event will be a historical day for the auto industry — and it will pressure Uber to seek out more partnerships. In September, Waymo announced that its Waymo One ride-hailing service would be available to users in Austin and Atlanta exclusively through the Uber app.

Persons: Tesla, Uber, —, Elon Musk's, Musk, There's, Wells, Ken Gawrelski, Gawrelski, there's, Morgan Stanley, — Uber, Lyft, Tesla's, jockeying, he's, Wolfe, Shweta Khajuria, Robotaxis, Khajuria, Waymo, Dan Ives, Ives, FSD, Cruise, Dara Khosrowshahi, Khosrowshahi Organizations: Service, Hollywood, Elon, Wolfe Research, EV, Los Angeles, Starbucks Locations: Austin, Atlanta, San Francisco, Phoenix, Los

☆ 33% of homeowners would hire a 'questionable' contractor to save money, report finds
▼ + stars: | 2024-10-09 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

To lower costs, 1 in 3 homeowners are willing to hire a contractor with holes in their resume. About 33% of surveyed homeowners say they'd consider hiring a contractor with a questionable reputation to save money, according to a new report by Clever Real Estate, a housing data site. Generally, homeowners say reputation is the most important factor when hiring a contractor (25%), followed by experience (23%), cost (19%), personal recommendations (13%), availability (11%) and estimated project timeline (10%). As homeowners juggle insurance claims and recovery efforts from back-to-back storm aftermaths, one thing to keep in mind is who to hire as a contractor. Ask for reviews and references "The first thing you want to do is check [the contractor's] reputation," said Hicks.

Persons: Visoot, Clever, Milton, Worters, Hicks, Dunaway, Seale, they'd

☆ Cybertruck owners share their likes and dislikes as Tesla's pickup approaches its first birthday
▼ + stars: | 2024-10-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

Business Insider interviewed 10 Cybertruck owners to hear what they thought of the vehicle. Business Insider spoke to 10 Cybertruck owners about their experience with the EV and the most notable parts of owning it. Several also owners told BI that the company could improve its customer support — whether it was being more transparent about delays or communicating updates. Cybertruck owners feel like celebrities — but you might get the finger while drivingWhile it doesn't happen often, getting flipped off seems to be a right of passage of sorts for most Cybertruck owners. Most of the interactions tend to be positive though, many of the owners told BI.

Persons: Tesla, —, It's, Elon Musk, Kim Kardashian, Elon, Anthony Ardizzone, Royce —, Ardizzone, Jeremy Judkins, Lamar, Tommy Huynh, Austin, Stephen Kapusta, Jason Burtman, Jay O'Brien, he's, Joe Fay, Cybertruck, Getty, John Keeble Charlie Redmond, he's Elon Musk's, Lamar MK, O'Brien, Kapusta Organizations: Business, Service, EV, Honda, Royce, Getty, BI, Orlando Locations: Jupiter , Florida, North Carolina, Harrisburg , Pennsylvania, Kansas City , Missouri, Austin, Piermont , New York

☆ Here are key steps to file a homeowners insurance claim after a natural disaster, experts say
▼ + stars: | 2024-10-08 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

"You'll eventually have to schedule with the insurance company to actually review and inspect the damage." "Then you can call the insurance company, take pictures of the damage and [move] items into safer locations," Martin said. Make a log of damagesDuring your call, provide your insurance company with some initial details, like if your roof blew off or several windows broke, said Porter. Materials purchased to protect the home before the natural disaster — for example, plywood to cover windows — are oftentimes not covered. You also want to keep a record of receipts when you start working with contractors to rebuild from the damage, experts say.

Persons: David Hester, Hurricane Helene, Chandan Khanna, Porter, You'll, Bankrate.com's Martin, Martin, it's, Daniel Schwarcz, Schwarcz Organizations: Afp, Getty, University of Minnesota Law, Materials Locations: Horseshoe Beach , Florida

☆ Private credit ETFs could provide opportunity to retail investors, says Moody's Ana Arsov
▼ + stars: | 2024-10-08 | by ( ) 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 EmailPrivate credit ETFs could provide opportunity to retail investors, says Moody's Ana ArsovAna Arsov, Moody’s Ratings global head of private credit, joins CNBC's 'The Exchange' to discuss Wall Street's efforts to bring private credit to retail investors, how private credit ETFs differ from bank loan ETFs, and more.

Persons: Moody's Ana Arsov Ana Arsov

☆ I tried Google's viral new tool that creates an AI podcast about topics you feed it. It's worth the hype.
▼ + stars: | 2024-10-07 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

The feature uses the information you feed it to create a "deep dive" discussion hosted by two AI hosts. Based on the information you feed it, it generates a "deep dive," podcast-like discussion hosted by two AI hosts. Related storiesTo my surprise, this NotebookLM-generated podcast exceeded anything I'd heard so far in terms of AI voice quality. Like any AI tool though, Audio Overviews isn't perfect. Audio Overviews is probably my favorite AI tool I've tried out so far — and it showcases the innovative ways AI can be used in our daily lives.

Persons: Google's NotebookLM, —, livia M oore, ingle, hough, hatter, ike, oices Organizations: Service Locations: NotebookLM

☆ Elon Musk's childhood fascination with sci-fi motivates his desire to lead the AI race, biographer Walter Isaacson says
▼ + stars: | 2024-10-07 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Walter Isaacson said Elon Musk's AI motives likely stem from early ambitions inspired by sci-fi themes. Isaacson said Musk told him he wanted to start an AI company because he didn't trust Sam Altman. "He's telling me, 'I'm gonna start from scratch an AI company 'cause I don't trust Sam Altman,'" Isaacson recalled in an interview with CNBC's Squawk Box published Friday. The AI company competes directly with OpenAI, which he helped found and fund before a reported falling out. Isaacson, Musk, and xAI did not immediately respond to a request for comment from Business Insider.

Persons: Walter Isaacson, Elon, Isaacson, Musk, Sam Altman, —, Elon Musk, lounging, CNBC's, he's, Isaac Asimov, He's, Isaac Asimov's, Douglas Adams, Altman, OpenAI, they're, xAI Organizations: Service, Twitter, SpaceX, Yorker, Business Locations: Austin

☆ There's a 'hidden truth about American-style capitalism' that investors need to know, Josh Brown says
▼ + stars: | 2024-10-06 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +7 min

Josh Brown Photo: Duncan HillJosh Brown once had this idea that in order to be a financial advisor, you needed to be buttoned up and fit a particular mold. Throughout his new book, "You Weren’t Supposed To See That: Secrets Every Investor Should Know," Brown encourages investors to look beyond the surface level of financial advice you see in traditional and social media. "The hidden truth about American-style capitalism is that if everybody is good all at once, the whole thing breaks down. Gen Z doesn't need financial planning advice. 'Gen Z doesn't need financial planning advice'

Persons: Josh Brown, Duncan Hill Josh Brown, Brown, Joshua Brown, Ana Teresa Solá, James Moock, Gen, They're, they've, X, Let's Organizations: CNBC, Ritholtz Wealth Management, Finance, New York Stock Exchange, ATS Locations: New York City

☆ I'm almost done with my first 'no-buy year.' It's lifted a weight off my shoulders and allowed me to save.
▼ + stars: | 2024-10-06 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Westrap has tried to abstain from buying anything unnecessary — and it's taken a weight off her shoulders. I didn't feel like I was living this really extravagant lifestyle. It got harder in the summer when I wanted to buy summer clothes, go to a pub garden, treat myself, and have the summer of my dreams. I've never once in my life finished a month with a positive number — but this year I've finally managed to save. It's like a weight off my shoulders that I didn't realize I had and I just feel so much lighter.

Persons: Mia Westrap, Westrap, it's, —, hasn't, It's, I've, I'd, haven't Organizations: Service

☆ Here are the pros and cons of renting versus owning a home in those retirement years
▼ + stars: | 2024-10-04 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

However, many are renting in their retirement years. Most older adults, those at least 65 years old, own their homes, according to the Joint Center for Housing Studies at Harvard University. Renting in retirement years can be a positive because older people can avoid costly maintenance associated with the upkeep of a home. "Renting often offers more amenities, less maintenance, more accessibility," said Jennifer Molinsky, director of the housing an aging society program at the Joint Center for Housing Studies. And unlike younger renters, adult renters in retirement years could be especially vulnerable to rent hikes because they are on fixed income, experts say.

Persons: Jennifer Molinsky, Roth, Lazetta Rainey Braxton, Braxton Organizations: Joint Center for Housing Studies, Harvard University, Finance, CNBC Locations: U.S

"The trend was inevitable," said Teresa Ghilarducci, professor of economics at The New School for Social Research in New York. "The lack of affordable childcare may be playing a role," according to Richard Fry, a senior researcher at Pew. "The childcare crisis, which was simmering prior to the pandemic, has come to a boil," according to a KPMG analysis. A study by the Pew Research Center found that men who are not college-educated leave the workforce at higher rates than men who are. "When you don't get rewarded for working, you work less," Fry said.

Persons: Teresa Ghilarducci, Richard Fry, —, Pew's Fry, Fry Organizations: Federal Reserve, The New School for Social Research, Pew Research Center, Pew, KPMG Locations: New York

☆ Historic heat wave grips the West, California and shatters records
▼ + stars: | 2024-10-03 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

At least 125 places from the West Coast to the Rockies have tied or broken all-time October heat records since the month began. It’s another reminder that extreme heat is no longer confined to the summer as the world warms due to fossil fuel pollution. “If we continue to warm the plant by burning fossil fuels, late-season heat waves like this will become much more common.”California has been at the epicenter of the extreme heat. The record-breaking heat began before the calendar flipped to October. Phoenix could reach two consecutive weeks of record-breaking heat as it remains stuck in it into at least midweek.

Persons: ” Kristina Dahl, California’s, ” Dahl Organizations: CNN, Rockies, Union of, Phoenix, Denver, National Weather Service Locations: United, West Coast, California, San Jose , California, Las Vegas, Phoenix, Maricopa County, Colorado, Denver, Los Angeles, West, Sacramento, Santa Ana

☆ Japan airport closed by explosion of U.S. bomb likely dating to World War II
▼ + stars: | 2024-10-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

TOKYO — A regional airport in southwest Japan was closed on Wednesday after a U.S. bombshell, most likely dropped during World War II to stem “kamikaze” attacks, exploded near its runway, causing nearly 90 flight cancellations. Miyazaki Airport shut its runway after the explosion caused a crater 23 feet wide and nearly 3 feet deep in the middle of the taxiway next to the runway, according to a Japanese transport ministry official. No injuries were reported, but live cam footage showed an airplane had been taxiing nearby just two minutes before the explosion, according to local broadcaster MRT. Multiple unexploded bombs have previously been found at Miyazaki airport, the transport ministry official said. More than 79 years since the end of the war, unexploded bombs from the intense airstrikes are still found across Japan today.

Persons: Yoshimasa Hayashi Organizations: Miyazaki, Defense Force, JAL, ANA, Self - Defense Forces Locations: TOKYO, Japan, U.S, American, Miyazaki, Tokyo, Osaka, Fukuoka, Kyushu

OpenAI's $6.6 billion funding raise attracted some big names across the industry. The $6.6 billion round gave OpenAI a $157 billion post-money valuation and minted it into one of the most valuable startups in the world. MicrosoftMicrosoft invested a little under $1 billion into OpenAI's latest funding round, according to The Wall Street Journal report. FidelityFidelity also participated in OpenAI's latest funding round. AdvertisementAltimeter Capital ManagementAltimeter Capital Management also contributed to OpenAI's latest funding round, according to reports.

Persons: —, Sam Altman, OpenAI, Here's, Anderson Cooper, Josh Kushner, Instagram, Kushner, Altman, josh, SoftBank, Masayoshi Son, Son, Marco Bello, Wood, Morningstar, Bing, Jensen Huang, Sam Yeh, Elon Musk's, Brad Gerstner, Gerstner, Vinod Khosla, Vaughn Ridley, Khosla, MGX Organizations: Service, Allen & Company Sun Valley Conference, Getty, Capital, Business, VC, Wall Street, Reuters, Vision Fund, Venture, ARK Invest, ARK Venture Fund, SpaceX, Microsoft Microsoft, Wall, Rival Apple, Microsoft, Nvidia Nvidia, Nvidia, Tiger Global Management, Fidelity Fidelity, Elon, Elon Musk's xAI, Fidelity, Capital Management, . Khosla, Getty Khosla Ventures, Sun Microsystems, United Arab, Bloomberg Locations: OpenAI, Silicon Valley, OpenAI ., Tokyo, Saudi, ARK, AFP, IPOs, America, United Arab Emirates

☆ Not hearing back on job applications? Some career consultants suggest a bold new tactic.
▼ + stars: | 2024-10-01 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

AdvertisementCareer consultants are pushing a bold new strategy for tech candidates: skip the recruiter DMs and go straight to the CEO. In today's highly competitive tech job market, candidates are looking for ways to stand out and differentiate themselves in the application process. AdvertisementBusiness Insider spoke to career coaches in the tech space to hear about why candidates may want to try this new tactic. It's not recommended for all jobsSome career coaches expressed mixed feelings on this new tactic, despite being approached about it by clients. AdvertisementBut while there's no magic formula to landing a tech job in this market, it's not a bad idea to think outside the box and get creative with your approach.

Persons: —, DMing, Katie McIntyre, McIntyre, That's, Raj Subrameyer, Subrameyer, hasn't, It's, Albano Gega, Gega Organizations: Service, DMs, Microsoft, Google, LinkedIn Locations: CareerSprout

☆ Real estate fees settlement created 'a new competitive ballgame,’ expert says. Here's what buyers, sellers need to know
▼ + stars: | 2024-10-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

New rules on buying and selling homes are in play, now that a settlement from a class-action lawsuit has taken effect. At the time of listing a property, the home seller negotiated with the listing agent what the compensation would be for a buyer's agent, which appeared on the MLS. "Now, the buyer chooses how much the buyer's agent makes, the sellers choose how much the seller's agents make," Glenn Kelman, CEO of online real estate brokerage firm Redfin, told CNBC. Any confusion around the new practices among agents and consumers will likely be temporary, said Kerry Melcher, head of real estate at Opendoor. "Real estate agents are good at moving the market," she said.

Persons: brokerages, TikTok It's, Glenn Kelman, Kerry Melcher Organizations: National Association of Realtors, MLS, Finance, CNBC Locations: U.S, Opendoor

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