The people receiving money to relocate, repair homes and pay medical bills after the February 2023 train derailment in East Palestine do not have to report the payments on their taxes, the IRS said Wednesday.
Victoria’s Secret & Co. on Wednesday said it was “encouraged” by demand for its bras, sleepwear and other clothing in May, but the company said it was exercising restraint amid continued caution more broadly among the U.S. consumer.
Prominent Democratic economist Larry Summers has been warning about the effects a second Trump term in the White House could have on the cost of living.
Shares of Lululemon Athletica jumped after hours Wednesday, after the yoga-wear maker and athleisure giant announced a $1 billion increase to its stock-buyback program and raised its full-year profit outlook.
Many investors likely tried to buy what appeared to be a more than 99% dip in Berkshire Hathaway Inc. Class A shares during Monday’s New York Stock Exchange trading glitch. Some got more than they bargained for.