What big bank earnings tell us about America's economy

The biggest US banks move trillions of dollars around the world every day. That gives them a unique lens on how the economy is functioning, both in the United States and globally. And despite concerns about inflation, workers quitting, supply chain issues and slowing growth, bank executives just delivered a clear message to investors: We're in pretty good shape right now.

News: What you need to know about the markets     What big bank earnings tell us about America's economy The biggest US banks move trillions of dollars around the world every day. That gives them a unique lens on how the economy is functioning, both in the United States and globally. And despite concerns about inflation, workers quitting, supply chain issues and slowing growth, bank executives just delivered a clear message to investors: We're in pretty good shape right now. Read more »   Goldman Sachs, the Dow's top stock of 2021, continues to impress Wall Street powerhouse Goldman Sachs reported earnings that easily topped analysts' expectations, capping a stellar week of bank results and helping to power the broader market to solid gains Friday. Read more »   Elizabeth Warren says Amazon is 'like a monster' that must be fed every minute Senator Elizabeth Warren is accelerating her push to break up Amazon, arguing that the $1.7 trillion company is simply too powerful. Read more »   Bitcoin tops $60,000 as investors bet on ETF approval Bitcoin prices continued their October surge on Friday, topping $60,000 on hopes that the Securities and Exchange Commission will soon approve a bitcoin futures exchange-traded fund. Read more »   Elizabeth Warren backs Deere strike, saying workers have gotten the short end of the stick 'for decades' Democratic Senator Elizabeth Warren voiced her support Thursday for striking John Deere workers, saying that the recent spate of high-profile strikes signals a shift in the balance of power between business and workers. Read more »   Shoppers are still spending despite rising prices and supply chain woes Prices on consumer goods are rising in the United States and tangled supply chains are making it harder for shoppers to always get exactly what they want. But these factors are not yet slowing down US shoppers. Read more »

Dow Nasdaq S&P +382.20   +73.91   +33.11 35,294.76   14,897.34   4,471.37 +1.09%   +0.50%   +0.75% YTD +15.32%   YTD +15.59%   YTD +19.04%

Biggest Winners Wells Fargo & Co +6.78%   Halliburton Co +4.88%   Fleetcor Technologies Inc +4.31%   Generac Holdings Inc +4.19% Biggest Losers Westrock Co -5.58%   Domino's Pizza Inc -4.73%   International Paper Co -4.53%   Packaging Corp of America -3.88%

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Key Market Stats Latest Today's Change Oil $82.49 +1.18 / +1.45% Gold $1,768.60 -29.30 / -1.63% 10-yr 1.58% +0.06 Euro $1.16 +0.00 / +0.07%

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