Stock Market Winners & Losers: Stocks Rise to Start November | Realtors on the Hook for 1.8B in Damages | Homeschooling is Booming

Winner: Stocks rise to start November
• Stocks gained ahead of the Federal Reserve’s latest policy decision on interest rates after closing out a terrible three months.
• Job openings increased slightly in September, indicating the U.S. labor market is still fairly tight, the Labor Department reported Wednesday.
• Next Year’s Apple Watch to detect blood pressure, sleep apnea; health coach service planned:
• Interest rates on some retail credit cards climb to record 33%. Credit cards can actually charge whatever they want. It’s a little-known fact.
• Burlington, Michaels, Ross, and Wayfair are just some of the retailers.
• Netflix ad supported plan now has 15 million global monthly active users after just one year.
• Meta spends $2.3 million per year flying Mark Zuckerberg around. Meta takes the top spot in private security spending, shelling out $25 million just last year to protect Zuckerberg.

Loser: Realtors on the hook for $1.8 billion in damages
• The National Association of Realtors, Keller Williams, and Berkshire Hathaway's Home Service of America ruled in a federal jury in Missouri that they conspired to artificially inflate brokerage commissions for sellers of up to 6%.
• Plaintiffs claimed the defendants colluded to drive up the commission that sellers pay to brokers representing home buyers.
• This ruling only affects thousands of homes in Missouri and parts of Illinois and Kansas.
• The jury award to be tripled under U.S. antitrust law to more than $5 billion.
• It cost two to three times as much to sell a house in the United States as it does in other industrialized countries.
• Sellers paying brokerage commissions of up to 6%.
• Two other brokerages, Re/Max and Anywhere Real Estate, settled a similar case earlier in the year, paying $138.5 million.
• And that might be just the start of realtors’ troubles: The Justice Department is reportedly scrutinizing the industry’s entire brokerage commission structure.

Winner: Homeschooling is booming
• A historically high number of US parents see their kids as too cool for public, private, or charter school.
• The number of homeschooled children last year was 51% higher than in 2017–2018.
• At the same time, public school enrollment dropped by 4%.
• Homeschooling rates have decreased from pandemic highs
• The total number of American kids learning their ABCs at home between 1.9 million and 2.7 million, exceeding the Catholic school student body in the US.

• Parents cite: schools failing to meet their kids’ unique needs, bullying, and increasing concerns that curricula don’t align with their values.
• My concerns are there is not a lot of quality control and missing out on schoolyard socializing.
• Might see some IPOs in the future
• OutSchool, a platform that allows parents to design curricula out of crowdsourced classes, has brought in $255 million in VC funding.

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