

JPMorgan Sees 35% Odds of Recession, Eli Lilly Stock Leaps on Strong Demand for Weight-Loss Drugs
Aug 8, 2024
The stock market faces turbulence as major banks indicate a 35% chance of recession, particularly affecting the AI sector. Eli Lilly's stock soars thanks to robust demand for its weight-loss drugs, providing a bright spot amidst mixed earnings reports. Meanwhile, Bumble struggles with a 40% decline in stock value following poor forecasts. The contrasting fortunes of companies like Zillow and Warner Brothers serve as a backdrop for savvy strategies from seasoned investors like Warren Buffett.
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