Big banks fare well in this rocky economy

Five major banks report earnings Tuesday morning, and analysts expect them to be rosy. Despite a volatile energy market and uncertain geopolitical climate, U.S. banks are turning strong profits. They’ve got AI investment and a booming stock market to thank. Plus, the inflation beat: Steep producer inflation could soon show up in consumer prices, economists aren’t sure how long overall inflation will stick around, and we check in with three small business owners ahead of the June CPI.

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Read the stories from today’s episode:

• Rapidly rising producer prices could spell trouble for the economy
• Why are big banks doing so well in this economy?
• Prices may remain elevated well into next year
• Private jets and fake phone notifications are all part of the "hustlebro" scam