Alibaba shares pop 8% after cloud unit, e-commerce growth push up quarterly profit

• Alibaba shares soar nearly 15% after stellar earnings as China's e-commerce sector recovers

  Alibaba has been making 'significant strides' in advancing its AI cloud business after launching its Qwen 2.5-Max flagship AI foundation model, Barclays wrote in a note.
  
  CNBC - 10h

• Walmart shares drop as retailer says profit growth will slow

  Walmart has factors that could work in its favor, including a growing online business and market share gains from higher-income shoppers.
  
  CNBC - 21h

• Alibaba shares jump 14% after pledge to invest ‘aggressively’ in AI

  Chinese tech group says it will spend more on artificial intelligence in next three years than over past decade
  
  Financial Times - 10h
• 

  China's Alibaba sees revenue surge on back of artificial intelligence, e-commerce

  Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China
  
  ABC News - 1d

• Energy drink stock Celsius pops more than 25% on big quarterly results, Alani Nu acquisition

  Investors appear reassured by the company's potential growth prospects, given its record full-year revenue and its acquisition of a rival energy drink brand.
  
  CNBC - 2h

• Block shares fall on profit, revenue miss

  Block, formerly known as Square, got off to a sluggish start on Wall Street this year after underperforming the Nasdaq in 2024.
  
  CNBC - 18h
• 

  Apple withdraws cloud encryption service from UK after government order

  iPhone-maker says it can no longer offer advanced protection in Britain after secret demand for ‘back door’ to user data
  
  Financial Times - 1h
• 

  Walmart Racks Up Sales Record but Sees Slower Growth Ahead

  The retail giant continues to attract shoppers from across the income spectrum, but faces headwinds from stubborn inflation and the risk of tariffs.
  
  The New York Times - 23h

• After one year of Ineos at Man United, is the club any better off?

  It's one year since Ineos' investment in Man United and took over the club's footballing operations. How has it done in meeting high expectations?
  
  ESPN - 19h
• 

  Salah scores, sets up equalizer as Liverpool draws 2-2 at Villa to lead Premier League by 8 points

  Mohamed Salah has scored one goal and set up the equalizer by Trent Alexander-Arnold in Liverpool’s 2-2 draw at Aston Villa that stretched its lead in the Premier League to eight points
  
  ABC News - 1d

More from CNBC

• UnitedHealth's rough stretch continues, with buyouts, a reported DOJ probe and a 23% drop in three months

  It extends a tumultuous period for UnitedHealth marked by the killing of a top executive, a costly cyberattack against its subsidiary and high medical costs.
  
  CNBC - 18m

• Home sales drop sharply as prices hit an all-time high for January

  The median price of a home sold in January was $396,900, up 4.8% from the year before and the highest price ever for the month of January.
  
  CNBC - 1h

• Shares of Hims & Hers tumble 23% after FDA says semaglutide is no longer in shortage

  Shares of Hims & Hers tumble 21% after FDA says semaglutide is no longer in shortage
  
  CNBC - 25m

• Shortage of Novo Nordisk's Wegovy and Ozempic drugs is resolved, FDA says

  The FDA's decision will threaten the ability of compounding pharmacies to make far cheaper, unbranded versions of the injections over the next few months.
  
  CNBC - 1h

• Block shares plunge 17%, head for worst day in 5 years after earnings miss

  Block was on pace for its worst day on the stock market since 2020 after the company reported an earnings miss.
  
  CNBC - 27m

More in Business

• Nvidia options traders are vastly overestimating how earnings will move the stock. Just look at these charts.

  Nvidia options aren’t a good trade, this expert says. Here’s what he likes.
  
  MarketWatch - 5m

• Apple’s Vision Pro has a problem a year into its existence: Not enough apps

  Apple said in August that the Vision Pro had 2,500 apps. According to one firm's analysis, fewer than 1,900 remain active.
  
  CNBC - 9m

• Warren Buffett’s 2025 letter to Berkshire shareholders is coming tomorrow. Watch this number.

  Even Buffett is struggling to outperform this bull market. Berkshire’s massive cash stake is key.
  
  MarketWatch - 10m

• UnitedHealth's rough stretch continues, with buyouts, a reported DOJ probe and a 23% drop in three months

  It extends a tumultuous period for UnitedHealth marked by the killing of a top executive, a costly cyberattack against its subsidiary and high medical costs.
  
  CNBC - 18m

• Shares of Hims & Hers tumble 23% after FDA says semaglutide is no longer in shortage

  Shares of Hims & Hers tumble 21% after FDA says semaglutide is no longer in shortage
  
  CNBC - 25m