12 min listen
SQUAWK BOX, WEDNESDAY 5TH MAY, 2021
ratings:
Length:
25 minutes
Released:
May 5, 2021
Format:
Podcast episode
Description
U.S. Treasury Secretary Janet Yellen sends jitters through the markets, saying interest rates may have to rise eventually, but later admits that any hikes are neither predicted nor recommended. Tech stocks plunge following Yellen’s comments. The Nasdaq reacts by posting its worst day since March while Apple shares fall 3 per cent. In corporate news, U.S. ride-hailing app Lyft beats Q1 expectations with revenues up 7 per cent on the quarter. Canadian business jet giant Bombardier moves its positions out of French rail company Alstom, selling its 3.1 per cent stake for $663m. We also have first-quarter earnings from several European firms including Deutsche Post DHL and Virgin Money. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
May 5, 2021
Format:
Podcast episode
Titles in the series (100)
SQUAWK BOX, MONDAY 18TH MARCH, 2019 by Squawk Box Europe Express