Lucid’s net loss was an improvement over the $780 million loss in the first quarter of 2023, but the company’s stock price sank 7.5 percent in after-hours trading Monday to $2.82 per share.
Let’s be honest: When it comes to travel, most of us worry about our budget — a lot. Some travelers find it hard to trust travel agents or advisers because they worry about being charged for using their services.
However, not all travel advisers have fees — though it is a growing trend to charge them.
TravelPulse took a deep dive into why and how travel agents charge for their travel planning services, and why some choose to keep their travel planning services free for travelers.
The question is more complicated than you might at first think.
Traditionally, travel advisers are paid a commission by their suppliers. So if you go on a cruise, the cruise line will pay the travel adviser you use for booking your trip.
Commissions are usually a standard commission rate decided by the cruise line (such as 20% of the cost of the cruise), though this can range depending on, for example, whether your travel adviser is affiliated with a host agency that can provide higher commissions for the suppliers they use most frequently due to business partnerships (though often the host agencies take a portion of a travel adviser’s commission, which can further complicate things). This is the case for cruise lines, tour operators, hotels and resorts and even vacation packagers.
By Kimberly Palmer | NerdWallet
Social media, which popularized concepts such as loud budgeting and cash stuffing, can be a great place to get new ideas about how to manage your money. But endless scrolling can also lead to envy, romanticizing unattainable goals and exposure to faulty advice.
“Lots of bad information is delivered over social media that’s just inaccurate,” says Kristy Archuleta, professor of financial planning, housing and consumer economics at the University of Georgia. “It’s hard for someone who may not have had a lot of life experience or financial knowledge to be able to navigate what’s accurate and what’s not.”
To find helpful money tips on social media while leaving the harmful ones behind, financial experts recommend taking these steps.
Whatever you see online is probably not a complete picture of the other person’s life, says Malcolm Ethridge, a certified financial planner and host of “The Tech Money Podcast.”
Someone might post a photo of them posing with a boat or fancy car, which could make you feel like you should own those luxury items, too, Ethridge says. But in reality, the person posting those images might not own them, either. “Social media induces conspicuous consumption that happens unnecessarily,” he says.
A customer has accused a South Carolina dealership group of fraud, negligence, breach of contract and a consumer protection law violation for failing to disclose the used 2018 Mercedes-Benz E300 she bought had flood damage.
By ALEX VEIGA (AP Business Writer)
Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices.
The online brokerage and real estate services company disclosed the proposed settlement Monday in a regulatory filing with the Securities and Exchange Commission.
The settlement, which Redfin agreed to Friday, would resolve pending class action lawsuits filed in federal court in the Western District of Missouri, and also shield the company, its subsidiaries and agents from similar cases around the country, according to the filing.
“Resolving this litigation now and removing uncertainty is in the best interest of the company, our employees, and our investors,” the company said in a statement Monday.
Seattle-based Redfin noted that it doesn’t expect the settlement, which must be approved by the court, to have a material impact on its future operations, adding it expects to record a $9.25 million pre-tax charge for the quarter ended March 31.