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Earnings Results: Victoria’s Secret’s stock rallies on more upbeat third-quarter forecast, but retailer says its products don’t stand out enough

Victoria's Secret & Co.'s stock rose after hours after the maker of bras, lingerie and sleepwear said it expected to lose less than previously thought in Q3.

: IRS notifies Microsoft it owes an additional $29 billion in back taxes

Microsoft Corp. on Wednesday said it has received a notice from the Internal Revenue Service that it owes $28.9 billion in back taxes plus interest and fines for the tax years 2004 to 2013.

: 10 of the biggest bank sign-up bonuses of October 2023 — with one bank offering $25,000 for opening a new account

Here’s what experts say you need to know about these eye-popping offers.

Banking: Goldman Sachs sheds GreenSky lending platform but still faces lack of low-cost deposits, analyst says

Bank's sale of GreenSky unit to a private-equity consortium led by Sixth Street comes after big drop in company valuations since it bought the business in 2021.

The Tell: Russia imposes capital-control measure in bid to stabilize ruble: reports

Russia imposed a capital-control measure aimed at stabilizing a volatile ruble, news reports said Wednesday.

The Tell: Consumer staples is the S&P 500’s second worst performing sector in 2023. Why it still doesn’t look attractive despite cheap valuation.

U.S. stocks in the consumer staples sector are getting hammered this year as investors flee dividend-paying shares in favor of higher yields and less risk in the U.S. Treasurys.

: ‘Barbie’ was the rare original-film summer blockbuster. It will not reverse the franchise flood.

As studios and advertisers search for takeaways, analysts say the success of "Barbie" will be hard to repeat and is unlikely to stop the deluge of franchise movies.

The Fed: Fed minutes show officials wary about the outlook and wanting to move carefully

Federal Reserve officials were uncertain and decided that they would move carefully in coming months, according to minutes of their September meeting.

: ‘Peeps’ and other foods that will be impacted by California’s ban on certain food additives

California Gov. Newsom said the law is a 'positive step forward' until the FDA reviews and establishes national regulations on the use of the four additives.

: Birkenstock’s stock falls 10% in trading debut after IPO priced at lower end of range

Birkenstock's stock opened at $41.20, or 10% below its issue price of $46.

: The ‘tragedy’ of American healthcare: Olympic gymnast Mary Lou Retton’s family is crowdsourcing for her hospital bills. She’s not alone.

GoFundMe campaigns for medical bills represent one-third of all the platform’s crowdsourcing efforts, but few reach their goal.

In One Chart: The housing market crashed 16 years ago. Why a repeat blowup looks unlikely.

U.S. home prices skyrocketed 20% during the pandemic, but froth in today's housing market looks less likely to spark another big blow up, says Goldman Sachs.
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