CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC's Phil LeBeau breaks down the airline industry's latest attempt to woo business travelers back to the skies: Covid-19 safety tours of planes and facilities. Plus, we ask a Wall Street analyst to explain why Zoom stock dropped 15% after reporting 367% revenue growth.
Thanksgiving air travel rises to pandemic high — but still less than half of last year's levels
U.S. air travel rose to the highest levels since the start of the coronavirus pandemic, according to data released Monday, an increase that came despite U.S. health officials' warnings against travel.
Close to 1.2 million people were screened by the Transportation Security Administration at airports on Sunday, the most since March 16, but still down about 60% from the nearly 2.9 million people TSA screened a year earlier.
With the coronavirus pandemic continuing to drive people to Zoom for work, school and family meetings, Zoom's revenue grew 367% on an annualized basis in the quarter, which ended Oct. 31, according to a statement. In the previous quarter revenue increased 355%, and in the quarter before that, revenue had risen 169%.
Zoom's gross margin declined to 66.7% from 67.3% in the previous quarter. During the quarter Zoom dealt with a higher mix of free users, including students and teachers who logged in as school resumed.
If you're cashing in some of your Bitcoin this year, the IRS wants to know about it.
On Monday, the cryptocurrency's value hit new heights, surging beyond $19,800 for a unit of Bitcoin. The asset's appreciation has skyrocketed this year, rising by 160% in 2020.
Understand that if you want to take a few of those holdings off the table, you'll need to share that information when you file your individual income tax return next spring.