80% of real estate brokerages face profitability risks with 2% agent commissions; 60% at 2.5%.

According to a study published by AccountTECH, real estate brokerages face profitability challenges if agent commissions decrease. Here are the key findings: Commission Rates and Profitability: If the terms of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement lead to typical agent commissions dropping to 2%, approximately 79% of brokerages would be unprofitable. Even a minor decrease in commission …

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Panasonic’s EV battery arm to miss profitability target due to North American market slowdown.

Panasonic says EV market slowdown in U.S. worse than expected Japan's Panasonic Holdings said on Friday that its EV battery arm will likely miss its initial profitability target due to a worse-than-expected slowdown in the North American market for electric vehicles. "There was… — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) May 17, 2024 TOKYO — Japan’s …

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Citigroup, unexpectedly shuts down its municipal business in an effort to improve profitability.

The bank said that the business is “no longer viable” given their commitment to “increase overall returns.” This news comes just weeks after the company began layoffs that would impact 10,000+ employees. BREAKING: Citigroup, $C, to shut down its municipal business in an effort to improve profitability. The bank said that the business is "no …

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