IBM earnings Q4 2020

SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference in New York on June 16, 2016. Brian Ach | Getty Images IBM shares moved 4% lower in extended trading on Wednesday after the company reported fourth-quarter revenue that fell short of analysts’ expectations. Here’s how IBM performed: Earnings: $2.07 per share, adjusted, vs. $1.79 per share as expected by analysts, according to Refinitiv. Revenue: $20.37 billion, vs. $20.67 billion as expected by analysts, according to Refinitiv. Revenue fell 6% on an annualized…

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Intel (INTC) earnings Q4 2020

Bob Swan, then-interim chief executive officer and chief financial officer of Intel Corp., reacts during the inauguration of the company’s research and development facility in Bengaluru, India, on November 15, 2018. Samyukta Lakshmi | Bloomberg | Getty Images Intel stock rose more than 6% on Thursday as the chipmaker reported earnings and revenue that exceeded investor expectations and its own forecast on Thursday. Details of Intel’s earnings became available on financial wires minutes before the markets closed on Thursday. The strong earnings report covering the quarter ending in last December…

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Snowden and Assange: There Is Still Time for Trump to Do the Right Thing

Will Trump pardon these two genuine heroes? He might yet surprise me, but I doubt it because we can see from the people he has already pardoned that his values are warped and perverted. Original Article: “Snowden and Assange: There Is Still Time for Trump to Do the Right Thing” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.   Source link

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Why the Covid Shutdowns of Public Schools Are Driving So Many to Homeschooling

Students have been denied in-person schooling. At the same time, millions of women—many of whom have children—have been thrown out of work. Suddenly, homeschooling became a much more viable and necessary option. Original Article: “Why the Covid Shutdowns of Public Schools Are Driving So Many to Homeschooling” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.   Source link

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The Myths Behind the "Capitalism Is Racist" Claim

Though numerous studies prove the contrary, it is still widely assumed that capitalism perpetuates racism. Celebrities and academics incessantly broadcast the message that capitalism engenders racism. For example, recently on Twitter, superstar athlete Andre Iguodala informed his followers that capitalism cannot be divorced from racism: “Capitalism and racism go hand in hand. And you can’t have one without the other.” Equally scathing is the blistering declaration of sociologist Edna Bonacich in an academic review: “Capitalism and racism are closely connected….The huge wealth of America’s white-owned corporations rests on the backs…

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United Airlines CEO says too early to predict when the carrier will break even

United Airlines CEO Scott Kirby joins fellow airline executives, union heads and politicians for a news conference to call on Congress to pass an extension of the Payroll Support Program to save thousands of travel jobs, outside the U.S. Capitol September 22, 2020 in Washington, DC. Chip Somodevilla | Getty Images United Airlines CEO Scott Kirby on Thursday said many more people need to receive coronavirus vaccines before travel demand returns, highlighting difficult months ahead for the industry. United’s shares were down more than 2% in premarket trading after the…

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American Eagle sees holiday-quarter sales dropping amid weak mall traffic

A shopper wearing a protective mask walks past a sale sign at an American Eagle Outfitters Inc. clothing store at Westfield San Francisco Centre in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images American Eagle ahead of a virtual meeting with investors Thursday said it expects fourth-quarter revenue to decrease in the low-single digits, driven by a drop in brick-and-mortar store sales due to weak mall traffic during the Covid pandemic. The apparel retailer said it expects momentum to continue online. Its…

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Unintended Consequences: Some Problems with National Income Accounting

It is trivial to say that any cardinal number can be added to another to answer the question of “how many” or “how much” of something there is. The trick lies in teasing some relevance out of the resultant sum. The relevant tradeoff in constructing any aggregate is between the advantage of reduced complexity of a unique figure summarizing data and the disadvantage of the information lost from any individual figure within the set. This realization was what Friedrich Hayek had in mind as he reviewed John Maynard Keynes’s 1930 Treatise on Money.…

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Biden Can Now Launch the Nukes and Unleash World War III Whenever He Feels Like It

During the Trump administration, I pointed to a problem with the American presidential system: it provides presidents with essentially unchecked power when it comes to launching a nuclear holocaust. Presidents can initiate nuclear war whenever they like. They need not be acting in a defensive capacity. This should strike any sane person as a rather insane policy, and as a huge hole in the so-called checks and balances on which the US political system is allegedly premised.  Because of the Beltway hysteria over Trump, the Congress—possibly for the first time—considered measures to rein…

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