PHOTOS: Denver Zoo holds first birthday celebration for baby rhino Joona – The Denver Post

House committee clears $1.9T COVID relief package

Moderate Democrats will ‘probably’ urge to take minimum wage out of stimulus package: Former Trump senior adviser

Former Trump senior adviser Kevin Hassett provides insight into the next stimulus package and his outlook for the economy amid inflation concerns.

The House Budget Committee on Monday cleared the $1.9 trillion coronavirus relief package, which is expected to send it to the chamber floor for a full vote.

The legislation was approved 19 to 16.

The package includes $1,400 direct payments to American households, aid for state and local governments, in addition to funding for small businesses and vaccine distribution efforts.

BIDEN ADMINISTRATION ANNOUNCES REFORMS TO PPP TO ASSIST SMALL BUSINESSES

Democrats are hoping to pass relief before expanded unemployment insurance benefits expire on March 14. They intend to use reconciliation, which means they theoretically will not need any Republican support.

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The legislation could face a tough challenge in the Senate, where it is unclear if some key lawmakers, including Sen. Joe Manchin, D-W.Va., are fully on board with the plan.

It has also yet to be determined whether all of the measures, including increasing the federal minimum wage to $15 per hour, are able to be pushed through via budget reconciliation, which is typically reserved for measures that change spending or revenues.

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Ingersoll-Rand PLC Q4 adjusted earnings Beat Estimates

Ingersoll-Rand PLC (IR) revealed a profit for its fourth quarter that increased from the same period last year.

The company’s bottom line came in at $151.6 million, or $0.36 per share. This compares with $25.8 million, or $0.12 per share, in last year’s fourth quarter.

Excluding items, Ingersoll-Rand PLC reported adjusted earnings of $226.3 million or $0.53 per share for the period.

Analysts had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 147.5% to $1.51 billion from $0.61 billion last year.

Ingersoll-Rand PLC earnings at a glance:

-Earnings (Q4): $226.3 Mln. vs. $76.5 Mln. last year.
-EPS (Q4): $0.53 vs. $0.37 last year.
-Analysts Estimate: $0.45
-Revenue (Q4): $1.51 Bln vs. $0.61 Bln last year.

Diamondback Energy, Inc. Q4 adjusted earnings of $0.82 per share

Below are the earnings highlights for Diamondback Energy, Inc. (FANG):

-Earnings: -$739 million in Q4 vs. -$487 million in the same period last year.
-EPS: -$4.68 in Q4 vs. -$3.04 in the same period last year.
-Excluding items, Diamondback Energy, Inc. reported adjusted earnings of $130 million or $0.82 per share for the period.
-Revenue: $0.77 billion in Q4 vs. $1.10 billion in the same period last year.

Transocean Inc. Q4 adjusted earnings Miss Estimates

Below are the earnings highlights for Transocean Inc. (RIG):

-Earnings: -$37 million in Q4 vs. -$51 million in the same period last year.
-EPS: -$0.06 in Q4 vs. -$0.08 in the same period last year.
-Excluding items, Transocean Inc. reported adjusted earnings of -$209 million or -$0.34 per share for the period.
-Analysts projected -$0.19 per share
-Revenue: $690 million in Q4 vs. $792 million in the same period last year.

Helix Energy Solutions Announces Drop In Q4 Earnings

Helix Energy Solutions (HLX) reported a profit for fourth quarter that decreased from the same period last year.

The company’s bottom line totaled $4.06 million, or $0.03 per share. This compares with $8.05 million, or $0.05 per share, in last year’s fourth quarter.

Analysts had expected the company to earn -$0.08 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 6.4% to $159.90 million from $170.75 million last year.

Helix Energy Solutions earnings at a glance:

-Earnings (Q4): $4.06 Mln. vs. $8.05 Mln. last year.
-EPS (Q4): $0.03 vs. $0.05 last year.
-Analysts Estimate: -$0.08
-Revenue (Q4): $159.90 Mln vs. $170.75 Mln last year.

Cramer's lightning round: Dollar General is a great opportunity

  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Ambarella: "It's made a nice comeback. It's video compression. I never thought that they could make the comeback and I think that you're OK in it."

Dollar General: "I think it's a great opportunity."

Quidel: "I'm going to go no on Quidel."

XPO Logistics: "You want to buy it because [CEO] Brad Jacobs is a genius. … The doubters have been completely wrong."

Boise Cascade: "I think it's a strong buy."

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PHOTOS: Denver Zoo holds first birthday celebration for baby rhino Joona – The Denver Post

The Denver Zoo held a first birthday celebration for Joona, a greater one-horned rhino calf, on Monday, Feb. 22, 2021. Joona, born on Feb. 22, 2020, is the first greater one-horned rhino to be born at the Denver Zoo.