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Feb 18, 2021 Wide-moat Baidu has reported a solid fourth quarter, broadly in line with our estimates, with revenue up 6% and operating profit up 7%. Baidu core revenue was up 6% with operating profit down 8%, although the performance here is clouded by the inclusion of the fast-growing Cloud business in the core--Baidu core non-advertising revenue in the fourth quarter grew 52% year over year. iQiyi revenue declined 1% with its operating loss reducing to RMB1.3 billion from RMB 2.5 billion in the previous period, with the reduced iQiyi losses the main driver of Baidu’s operating ...

Correction to "Your 2021 Tax Fact Sheet and Calendar" March 26, 2021--An earlier version of this article incorrectly stated that May 17, 2021, is the deadline for estimated taxes for the first quarter of 2021. The deadline is April 15, 2021. Correction to Analyst Note for American Funds Income Fund of America   March 9, 2021--Morningstar published an analyst note that incorrectly stated that American Funds Income Fund of America's dividend is being cut. This note has since been published for the correct fund, American Funds Capital Income Builder. Correction to VMware CEO Departure Provi...

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