American Express CEO Stephen Squeri made some remarks Friday after the company posted Q3 results.

Wall Street is in for a hectic final week in October, as some of the biggest companies report their financial results and the government releases its quarterly assessment of the U.S. economy.

Verizon Communications Inc, the major U.S. wireless operator, expectations for the number of customers in the third quarter fell short as increasing the prices of plans forced many users to replace Verizon with a more affordable wireless operator.

This week, Elon Musk said that the recession taking place in China and Europe is negatively affecting demand for Tesla electric cars. When subscribers of one of his social networks asked how long he thought the recession period would last, Musk claimed he didn't expect it to end before spring 2024.

On Thursday, there was a report from analysts.

General Electric Co is likely to report lower earnings and unchanged revenue in the third quarter because of bottlenecks in the supply chain, drop in demand and shrinking margins.

AT&T shares rose after the company raised its annual profit forecast. AT&T reported third-quarter profit of $0.68 per share on revenue of $30 billion, topping estimates of $0.61 per share and $29.87 billion in sales.

Ahead of Apple’s earnings report for the fourth quarter, Morgan Stanley analysts confirmed the “overweight” rating on the company’s stock and a target price of $177 per share. It’s expected that the technological giant will exceed Wall Street analysts expectations for the previous quarter.

Bank of America CEO Brian Moynihan said a sharp increase in Federal Reserve interest rates would have a positive impact on the bank's profits in 2023.

Procter & Gamble Co. exceeded quarterly sales’ and earnings’ forecasts on Wednesday, Oct. 19. This is due to higher cost of goods, including prices on Head & Shoulders shampoos and Tide detergents.