Business

The New York Times reports: American homeowners could see a significant drop in the cost of selling their homes after a real estate trade group agreed to a landmark deal that will eliminate a bedrock of the industry, the standard 6 percent sales commission. The National Association of Realtors, a powerful organization that has set the guidelines for home sales …

Gothamist reports: A new boots-on-the-ground survey from Councilmember Gale Brewer’s office found more than twice as many illicit cannabis shops operating on the Upper West Side as in late 2022, the last time her staff canvassed the area. Brewer is one of city government’s biggest crusaders against NYC’s unlicensed cannabis shops, and the informal headcount comes as city and state …

Deadline reports: The FCC passed new rules that will require cable and satellite providers to clearly disclose the “all in” price of subscriptions in promotional materials. “The advertised price for a service should be the price you pay when your bill arrives,” FCC Chairwoman Jessica Rosenworcel said. “It shouldn’t include a bunch of unexpected junk fees that are separate from …

Mediaite has the transcript: LEMON: Hate speech on the platform is up. Do you believe that X and you have some responsibility to moderate hate speech on the platform, that you wouldn’t have to answer these questions from reporters about the great replacement theory as it relates to– MUSK: I don’t have to answer these questions. LEMON: –great replacement theory …

The New York Post reports: A California mom of three has been accused of masterminding an organized crime ring that stole nearly $8 million worth of makeup from stores like Ulta, T.J. Maxx and Walgreens — and then resold it online to churn a profit. Michelle Mack, 53, ran the sprawling enterprise from her $2.75 million mansion in the San …

Axios reports: Former CNN anchor Don Lemon said on Wednesday Elon Musk canceled his new show on X, formerly Twitter, after he interviewed the multi-billionaire last week. Lemon claimed Musk, a self-proclaimed free speech “absolutist,” was “mad” at him over the “tense” interview, which will be included in the premier episode of “The Don Lemon Show” next week. “Apparently, free …

NBC News reports: The parent company of Family Dollar said it would close approximately 1,000 stores, citing market conditions, store performance and other factors. Shares of Dollar Tree fell as much as 13% in Wednesday trading as the company also posted financial results that missed analysts’ expectations, including a net loss of more than $1.7 billion for the fourth quarter. …

Bloomberg Law reports: A California federal district court judge has recused himself from hearing a lawsuit four former Twitter Inc. executives brought against Elon Musk for allegedly refusing to pay them severance. Judge Gilliam Haywood said he is “disqualified” from the case led by Parag Agrawal, who served as the chief executive officer of the social media site that Musk …

CNBC reports: Inflation rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting to lower interest rates. The consumer price index, a broad measure of goods and services costs, increased 0.4% for the month and 3.2% from a year ago, the Labor Department’s Bureau of Labor Statistics reported Tuesday. The monthly …

Via press release from Airbnb: Airbnb is banning the use of indoor security cameras in listings globally as part of efforts to simplify our policy on security cameras and other devices and to continue to prioritize the privacy of our community. Historically, Airbnb allowed the use of indoor security cameras in common areas of listings, such as hallways and living …

Inside Radio reports: Questions remain about the legislative prospects for a bill that would require AM radio in vehicle dashboards. But if it does come to a vote in the House, the radio industry can rest assured that it will pass. After a day of Capitol Hill lobbying by broadcasters, several lawmakers joined the list of backers of the AM …

The New York Times reports: Unlike Bill Gates, who has deployed his fortune in an effort to improve health care across Africa, or Walmart’s Walton family, which has spurred change in the American education system, Mr. Musk’s philanthropy has been haphazard and largely self-serving — making him eligible for enormous tax breaks and helping his businesses. Since 2020, he has …

CBS News reports: The Justice Department is investigating the Jan. 5 Alaska Airlines door blowout and whether anything that led up to, or contributed to it, could affect the deferred prosecution agreement aircraft manufacturing giant Boeing entered into with the Justice Department in 2021, a person familiar with the investigation confirmed to CBS News. As part of the agreement, which …

Mint reports: Elon Musk has revealed that long-form videos will soon be accessible on smart television sets through the social network X. The announcement comes in the wake of reports by Fortune magazine stating that the platform is gearing up to launch a TV app next week for Amazon and Samsung users. Responding to a user’s inquiry on X, Musk …

The Washington Post reports: Vast swaths of the United States are at risk of running short of power as electricity-hungry data centers and clean-technology factories proliferate around the country, leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid. A major factor behind the skyrocketing demand is the rapid innovation in artificial intelligence, which is …

The Texas Tribune reports: Xcel Energy on Thursday acknowledged its involvement in the Smokehouse Creek fire, which started last week and quickly became the largest wildfire in state history, burning more than 1 million acres. “Based on currently available information, Xcel Energy acknowledges that its facilities appear to have been involved in an ignition of the Smokehouse Creek fire,” the …

Axios reports: Oscar Mayer is introducing its first plant-based products: hot dogs and sausages in bratwurst and Italian flavors, made from ingredients like bamboo fiber, mushroom and pea protein. The splashy announcement shows there’s still momentum in the plant-based meat sector, for which many obituaries have been written. Oscar Mayer NotHotDogs and NotSausages will hit grocery stores in the second …

Ars Technica reports: Elon Musk and X Corp. were sued yesterday by four former Twitter executives who say they were cheated out of more than $128 million in severance when Musk bought the social network and fired them. Former Twitter CEO Parag Agrawal, former CFO Ned Segal, former Chief Legal Officer Vijaya Gadde, and former General Counsel Sean Edgett filed …

NPR reports: The cost of a late payment on your credit card could soon be going down. Federal regulators issued a new rule Tuesday capping credit card late fees at $8, down from the current average of $32. The move is expected to save customers $10 billion a year. Consumer advocates praised the measure as providing welcome relief for millions …

Reuters reports: Rocket maker SpaceX on Tuesday will appear before a U.S. labor board judge to face claims that it fired eight engineers for criticizing CEO Elon Musk and accusing him of sexist conduct in a letter to company executives. The NLRB’s general counsel, which acts as a prosecutor, claims SpaceX violated U.S. labor law by firing the engineers in …