Big banks, after nearly a decade of defensiveness, have roared back since the election. A Wall Street Journal front-pager, "Boom Time for Bank Stocks As Goldman Regains Peak," by Liz Hoffman and Christina Rexrode, captures the post-crisis milestones:

  • The winners: Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Bank of America Corp. hit fresh trading milestones yesterday that seemed unreachable during the crucible of the financial crisis.
  • The records: "Goldman hit a record high, passing a bar first set in 2007 before the financial crisis. J.P. Morgan also hit an all-time closing high. ... Bank of America's market value is on the cusp of retaking it's all-time high."
  • The reason: "Investor expectations of higher interest rates, lower taxes, lighter regulation and faster economic growth under the Trump administration."
  • The result: $280 billion in combined market value added to the nation's six largest banks since Nov. 8 ... "Bank stocks overall have outperformed broader stock markets since the election."

Go deeper

Facebook's latest headache: Its own employees' posts

Illustration: Sarah Grillo/Axios

Facebook’s rules for what people can say on the world’s largest social network have been a long-term headache for the company, but now it faces similar troubles on the internal network its own staff uses.

Driving the news: As political arguments on Facebook’s employee discussion boards have grown more heated and divisive, the company ordered new restrictions on the forums earlier this month, which run on Facebook’s Workplace platform.

Ben Geman, author of Generate
59 mins ago - Energy & Environment

How a conservative Supreme Court would impact climate policy

Illustration: Sarah Grillo/Axios

Amy Coney Barrett's likely ascension to the Supreme Court would affect climate policy beyond shoving the court rightward in the abstract.

Why it matters: If Joe Biden wins the presidential election, his regulations and potential new climate laws would face litigation that could reach the high court.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 33,138,963 — Total deaths: 998,380 — Total recoveries: 22,953,639Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 7,116,455 — Total deaths: 204,762 — Total recoveries: 2,766,280 — Total tests: 101,298,794Map.
  3. States: 3 states set single-day coronavirus case records last week
  4. Health: The childless vaccine — Why kids get less severe coronavirus infections.
  5. World: India the second country after U.S. to hit 6 million cases