In other news, the weight-loss drug Ozempic is predicted to disrupt various industries, from healthcare to airlines. The risk of non-investment grade US companies defaulting on their debt is growing due to high interest rates and tight financial conditions. Tech stocks are predicted to rally due to a strong earnings season. The article also discusses a strange Amazon job posting, AI coming to Microsoft Outlook, and the expected size of salary increases next year.
Key takeaways:
- Despite strong earnings results from big banks like JPMorgan, Citigroup, and Wells Fargo, there are underlying issues that could spell trouble for the broader market.
- Many of the new hires in these banks are in the tech sector, raising questions about potential job automation in the future.
- The weight-loss drug Ozempic is disrupting various industries, from healthcare to airlines, and there's a debate over whether employers should pay for workers' weight-loss drugs.
- AI is coming to Microsoft Outlook to help write better emails, and Amazon may be looking for "opportunistic" hires based on a strange job posting.