A groundbreaking $418 million settlement announced Friday by the powerful National Association of Realtors is set to usher in the most sweeping reforms the American real estate market has seen in a century. It could dramatically drive down homebuyers’ costs — and push some real estate brokers out of business. Here’s a look at how we got here and what to ...

The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers’ long-standing 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 ...

The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers’ long-standing 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 ...

Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures pipeline costs for raw, intermediate and finished goods, jumped 0.6% on the month, the Labor Department’s Bureau of Labor Statistics reported Thursday. That was higher than the 0.3% forecast from Dow Jones and comes ...

Security camera footage showing work being done on a Boeing Max 9 door plug that later blew out mid-air has been overwritten, the head of the National Transportation Safety Board said. In a letter to the Senate Committee on Commerce, Science, and Transportation that is reviewing the incident and Boeing’s role in it, NTSB Chair Jennifer Homendy said her agency still ...

Boeing and Alaska Airlines have separately denied any legal responsibility for the injuries allegedly caused to dozens of passengers after a door plug blew out of a 737-Max 9 jet during a flight in January. In its formal answers this week to a class-action lawsuit brought by dozens of passengers of Alaska Airlines Flight 1282, Boeing generally acknowledged the preliminary ...

Boeing and Alaska Airlines have separately denied any legal responsibility for the injuries allegedly caused to dozens of passengers after a door-plug blew out of a 737-Max 9 jet during a flight in January. In its formal answers this week to a class-action lawsuit brought by about 40 passengers of Alaska Flight 1282, Boeing generally acknowledged the preliminary findings of ...

The parent company of Family Dollar said it would close approximately 1,000 stores, citing market conditions, store performance and other factors. Dollar Tree, which has owned Family Dollar since 2015, said Wednesday that 600 Family Dollar stores would close in the first half of 2024, with another 370 locations closing over the next several years. In addition, 30 Dollar Tree-branded ...

The Body Shop is shutting down its U.S. operations after filing for bankruptcy. The U.K.-based chain filed for Chapter 7 liquidation in New York last week, according to a court filing. The filing means the company’s U.S. operation will sell off certain assets to pay back its creditors. Earlier this month, the beauty store confirmed it had filed for restructuring ...

More than a year out from the most brutal round of tech layoffs since the dot-com bubble burst, workers are reckoning with the loss of what some saw as airtight job security in an industry that’s still downsizing. The tech industry recorded about 34,000 layoffs in January, the most in a single month since January 2023, when almost 90,000 people ...