16 min listen
SQUAWK BOX, WEDNESDAY 19TH APRIL, 2023
ratings:
Length:
29 minutes
Released:
Apr 19, 2023
Format:
Podcast episode
Description
There are mixed first quarter results for U.S. banks. Goldman Sachs posts a revenue miss while pulling away from its consumer business but BofA beats on higher rates despite CEO Brian Moynihan warning of a recession in the second half of the year. Streaming giant Netflix records a beat on EPS while missing out on revenue after delaying a clampdown on password sharing. Shares have clawed back ground after plunging by 12 per cent in afterhours trade. Atlanta Federal Reserve President Raphael Bostic tells CNBC he believes in a May rate hike and then pause to assess how tightening is affecting the U.S. economy. And in media news, Fox News settles with electoral machine maker Dominion for $788m over its reporting of the 2020 U.S. presidential election.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Apr 19, 2023
Format:
Podcast episode
Titles in the series (100)
SQUAWK BOX, FRIDAY 15th MARCH, 2019 by Squawk Box Europe Express