Month: April 2021

Pat Gelsinger, CEO of Intel, speaks in Santa Monica, Calif., on March 9, 2017, in a photo taken when he was CEO of VMware. Patrick T. Fallon | Bloomberg | Getty Images Intel sales were essentially flat and profit dropped in the first quarter of 2021 in CEO Pat Gelsinger’s first earnings report at the
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A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City. Lucas Jackson | Reuters Snap’s stock rose as much as 6% in after-hours trading on Thursday after the company reported its
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The U.S. Centers for Disease Control and Prevention cleared vaccinated Americans to travel again, but some immunized travelers remain on the fence about making summer plans.   Is it finally safe to fly? What about visiting unvaccinated relatives or traveling with young children?   CNBC Global Traveler asked medical professionals — all of whom are
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A person wearing a protective mask and gloves exits a Chipotle restaurant in San Francisco, California, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill is hanging on to recent gains in digital sales as its online orders overtook those made inside its restaurants for the first time. First-quarter earnings
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(L-R) Reed Hastings and Ted Sarandos attend the “Marseille” Netflix TV Serie World Premiere At Palais Du Pharo In Marseille, on May 4, 2016 in Marseille, France. Stephane Cardinale | Corbis | Getty Images Netflix shares fell as much as 11% in after-hours trading after reporting a large miss in subscriber numbers in its first-quarter
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Johnson & Johnson’s coronavirus disease (COVID-19) vaccines are seen at Northwell Health’s South Shore University Hospital in Bay Shore, New York, March 3, 2021. Shannon Stapleton | Reuters Johnson & Johnson on Tuesday reported $100 million in first-quarter sales of its Covid-19 vaccine that’s on hold in the U.S. while federal health regulators investigate a
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Containers of Tide detergent on grocery store shelves in New York. Richard B. Levine | Corbis | Getty Images Procter & Gamble on Tuesday topped analysts’ estimates for quarterly earnings and revenue as consumers maintained pandemic buying trends like purchasing more cleaning supplies and started buying beauty products again. The company, whose portfolio includes Tide
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Image by Marie LaFauci | Moment | Getty Images Any possible tax changes for ultra-high-net-worth and high-net-worth investors could result in an increased tax burden.  That means there’s motivation to find ways to protect that wealth. Some solutions that reduce exposure to specific anticipated Biden tax increases involve making charitable donations — a plus for the charitably
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More than a year after Covid-19 brought cruise ships to a standstill, there are clear signs that cruising could be making a comeback. The U.S. Centers for Disease Control and Prevention (CDC) signaled this month that cruises may resume by mid-summer — with restrictions — in a move cheered by operators and cruise lovers. That
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IBM shares rose up to 4% in extended trading on Monday after the enterprise technology and services maker reported first-quarter earnings that came in better than analysts had expected. Here’s how the company did: Earnings: $1.77 per share, adjusted, vs. $1.63 per share as expected by analysts, according to Refinitiv. Revenue: $17.73 billion, vs. $17.35
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A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images United Airlines on Monday reported its fifth consecutive quarterly loss, though travel demand has recently improved as vaccinations ramp up and governments loosen travel restrictions. The company posted a
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Coca-Cola on Monday reported that quarterly demand was unchanged from a year earlier as North America and Western Europe take longer to bounce back from the coronavirus pandemic. However, global unit case volume in March returned to 2019 levels. “We are encouraged by improvements in our business, especially in markets where vaccine availability is increasing
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Parents may soon start getting monthly payments from the IRS, due to a recent change to the child tax credit. IRS Commissioner Charles Rettig said Tuesday that the agency was on track to start issuing that aid in July. Here’s what taxpayers need to know about the tax credit and income stream. Child tax credit
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