US companies getting refunds after the Supreme Court struck down President Donald Trump's import tariffs are using the temporary windfall in a range of creative ways. The refunds are being used to cover rising costs, supplement employee retirement accounts and repay debt. Some are sharing the bounty with vendors. And a number of consumer companies are beefing up their assortment of lower-priced products and offering deals to attract budget-conscious shoppers pinched by the rising cost of living. Companies in the Russell 3000 Index mentioned tariff refunds almost 1,000 times in earnings calls and filings in July, August and September, according to a Bloomberg News analysis, almost four times more than in the previous earnings season. Consumer discretionary and staples companies accounted for more than a third of the references, disclosing the receipt of close to $9.8 billon in refunds during that period. Roughly $166 billion was paid in tariffs under the International Emergenc...
A small plane carrying two people crashed in the vicinity of a shopping mall in Philadelphia, resulting in multiple casualties on the ground, local media reported on Friday. The Philadelphia Inquirer newspaper, citing police, said the crash took place shortly after 6 p.m. Eastern near the Roosevelt Mall in northeast Philadelphia. At least one house and multiple cars are on fire, the newspaper reported. The Philadelphia Office of Emergency Management confirmed on social media that there was a "major incident" in the area of the reported crash, but provided no other details. The Philadelphia CBS affiliate showed images of a large fire and several fire trucks at the scene of the crash, and that the status of victims was not immediately known. Neither the Philadelphia police department nor the fire department immediately responded to requests for comment. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) fro...