About this episode
HSBC leads a slew of earnings on both sides of the pond with the UK lender posting its best quarter since the start of the pandemic as profits surge 79 per cent. CFO Ewen Stevenson tells CNBC shareholders can expect dividend payouts once again. UBS also has a strong Q1 but results were dented by a CHF434m hit from exposure to the collapse of Archegos. Stateside, Tesla posts a record first quarter. Betting on Bitcoin has helped to add $100m to the electric car maker’s bottom line but CEO Elon Musk admits to ‘insane’ manufacturing difficulties due to the global chip shortage. And in shipping news, Maersk lifts its full-year outlook on strong demand and rising freight rates. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .