Five major banks are reporting strong earnings, buoyed by AI investments and a booming stock market, even as energy markets remain volatile and geopolitics uncertain. Rising producer prices may soon push consumer prices higher, with economists divided on how long inflation will last. We also hear from three small business owners ahead of the June CPI, and a look at the 'hustlebro' scam where fraudsters use private jets and fake notifications to sell the illusion of success.
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Highlights
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Big banks profit despite rocky economy
Five major banks are reporting strong earnings, driven by AI investment and a booming stock market, even as energy markets remain volatile and geopolitics uncertain.