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SQUAWK BOX, WEDNESDAY 14TH FEBRUARY, 2024
SQUAWK BOX, WEDNESDAY 14TH FEBRUARY, 2024
ratings:
Length:
26 minutes
Released:
Feb 14, 2024
Format:
Podcast episode
Description
U.S. inflation for January disappointed, coming in at more than 3 per cent on an annual basis dashing any hopes of an imminent Federal Reserve rate cut. The markets reacted with the Dow posting its worst session since last March and Treasury yields spiked. DoubleLine CEO Jeffrey Gundlach told our colleagues Stateside that markets had vastly overestimated this year’s rate path. Ride-hailing app Lyft sees shares soar by 60 per cent in extended trade but then paring back sharply after management admitted to an accidental extra ‘zero’ to its margin growth number. And in tech news, Nvidia overtakes Amazon in terms of market cap valuation on the back of the A.I. boom. The chip giant now has Alphabet in its sights which would make it the third-largest firm on Wall Street.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Feb 14, 2024
Format:
Podcast episode
Titles in the series (100)
SQUAWK BOX, WEDNESDAY 20TH MARCH, 2019 by Squawk Box Europe Express