+

0.7%

The monthly increase in “control group” U.S. retail sales in September, which excludes spending on cars, gasoline, food services, and building materials. A moderate pullback in online shopping was more than offset by purchases at clothing stores, sporting goods stores, and miscellaneous retailers. The reading suggests consumer spending remained resilient last month amid solid income growth and expanding credit.

16%

Morgan Stanley’s (MS) year-over-year net revenue growth in 3Q24, the highest annual topline growth rate in three years. Growth was broad-based across the investment banking, trading, and asset management business lines. Following the company’s earnings release, CEO Ted Pick said, “I am bullish on IPOs and M&A coming back.” Pick, who took over from long-time CEO James Gorman earlier this year, emphasized his goal of growing the firm’s wealth management assets to over $10 trillion in coming years.