Alex Ossola

Coming up, a newly proposed salary cap is threatening to cost baseball owners an entire season.

More on that after the break.

U.S.

stocks ended slightly higher.

The Dow led the gains and closed up nearly half a percent.

One standout in the stock market today?

Victoria's Secret.

Its stock closed up 47 percent, its biggest gain ever, and its first record close since 2021.

That comes after the company reported a 15 percent sales gain for the first quarter, and it raised its outlook for the year.

CEO Hilary Super said the sales growth really starts with bras, an area where she's trying to reassert the brand's dominance.

Earlier this week, we told you that Berkshire Hathaway acquired homebuilder Taylor Morrison for $6.8 billion.

It's a vote of confidence for the U.S.

housing market, that it will shake off its years-long slump and recover as it always has.

Berkshire is betting that more buyers will return to the market once mortgage rates come down from their current levels around 6.5%.

In the shorter term, though, many real estate agents have reached their limit.

They get paid when a deal closes, so fewer sales means less money.

And more agents are leaving the industry.

The National Association of Realtors, or NAR, had 1.4 million members as of April.

That's down from a peak of 1.6 million in October 2022.

Nicole Friedman, who covers the U.S.