JPMorgan upped the likelihood it sees for the U.S. economy entering a recession this year, the latest sign of concern around the country’s financial health following the market turbulence this week. The bank raised its probability for a U.S. or global recession to 35% by year end, chief global economist…

Eli Lilly — The drug maker’s stock surged 8% after the firm reported second-quarter earnings and revenue that blew past expectations. Eli Lilly also hiked its full-year revenue outlook by $3 billion as sales of its blockbuster diabetes drug Mounjaro and weight loss injection Zepbound spike. Under Armour — Shares…

US mortgage rates plummeted this week after weaker-than-expected employment data raised the odds of the Federal Reserve cutting interest rates next month. It’s a big step in the right direction for America’s notoriously unaffordable housing market. The standard 30-year fixed-rate mortgage averaged 6.47% this week, mortgage financing giant Freddie Mac…

BRC Inc. (NYSE:BRCC) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Jason Martini – Investor RelationsChris Mondzelewski – Chief Executive OfficerSteve Kadenacy – Chief Financial Officer Conference Call Participants Michael Baker – D.A. DavidsonMatt McGinley – Needham & CompanyGeorge Kelly – ROTH Capital PartnersDavid Shakno…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Coca-Cola is selling €1bn of new debt that it may use to help pay potential charges arising from a decade-long dispute with US tax authorities, in which the company could owe $16bn.The…

Georgia’s State Election Board passed a new rule ahead of the November election that gives county election boards the authority to demand more information, including the ability to conduct inquiries, before certifying election results. CNN’s Nick Valencia reports. Read the full article here

Are you a pre-retiree or retiree who’s nervous about the recent stock market volatility? Worried that it might be the start of a stock market crash, as predicted recently by a few pundits? Unfortunately, “worry” is not a strategy! Instead, you’ll want to plan ahead to survive stock market crashes…

Mortgage rates continued their wave-like fluctuations, dropping slightly from last week when rates averaged closer to 7%. A 30-year, fixed-rate mortgage averaged interest rates of 6.89% as of July 11, Freddie Mac reported. Rates currently average lower than they did at this time last year when they hovered around 6.96%…

Check out the companies making headlines in midday trading. Fortinet – The cybersecurity stock was the biggest advancer in the S & P 500 on Wednesday, surging 26% after Fortinet posted a strong second-quarter report, as well as upbeat current quarter guidance. The cybersecurity company posted adjusted quarterly earnings of…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. U.S. stocks advanced Wednesday after breaking the market’s three-day losing streak in the previous session. The S & P 500 climbed 1.5%, while the…