Stock Market Winners & Losers: Stocks Rise as Inflation Report Comes to Light | Big Shakeup Set to Hit Real Estate Agents This Week
Stocks rose on Tuesday after a 0.1% increase in the producer price index, boosting confidence ahead of the consumer price index release. Starbucks shares surged over 21% after naming Chipotle CEO Brian Niccol as its next CEO, while Chipotle shares fell over 6%.
Burning Man is two weeks away, with last-minute tickets available for the first time. A record 128,000 millionaires are expected to relocate this year to low-tax countries like Switzerland and Singapore.
Starting August 17, new real estate rules will change how Realtors are paid. Traditional 5-6% commissions paid by sellers will be eliminated, and commissions will no longer be included in listings. This change could reduce commissions by 25-50% and benefit flat-fee and discount brokerages.
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