US wholesale inventories rise in August, below estimate
August wholesale inventories edged higher, coming in below the 0.7% advance estimate and extending a seventh straight monthly rise; non-durable inventories were unchanged.
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US PCE, GDP, ADP reports: inflation cools, consumer spending strong
August PCE inflation rose 0.3% month-on-month and 3.4% year-on-year, below expectations. Core PCE rose 0.2% monthly and 3.3% annually, also cooler than predicted. Second-quarter GDP was revised up to a 2.2% annualized rate, while September private sector jobs added by ADP surged to 90,000, exceeding forecasts.
Victoria's Secret Q2 sales rise 10% as guidance increases
Victoria's Secret said Q2 net sales rose 10% year over year, with operating income and EPS above guidance. It raised fiscal 2026 net sales and adjusted net income per diluted share guidance.