Block shares fall on profit, revenue miss

• 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

• Rivian keeps promise on making a profit, but here’s why the stock is falling

  Rivian Automotive Inc. makes good on its promise to get to its first quarterly gross profit and blows past Wall Street estimates for its sales.
  
  MarketWatch - 4h

• 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 - 22h
• 

  Profits, Not D.E.I., Are Why Companies Exist

  An awkward truth has become evident in the first days of the Trump administration, as many firms mute their commitments to diversity and sustainability.
  
  The New York Times - 5h

• Amazon surpasses Walmart in revenue for the first time

  Walmart reported $180.5 billion in sales during the most recent quarter while Amazon reeled in $187.8 billion.
  
  CNBC - 23h

• These are the factors weighing on Block’s stock after earnings

  Block expects accelerating growth as the year goes on, but investors may have wanted more from the company’s overall gross-profit outlook.
  
  MarketWatch - 18h
• 

  With Truth Social, Trump Has Official Mouthpiece and a Channel for Revenue

  The president’s company, Trump Media & Technology Group, represents a clear mingling of his official duties and his business interests.
  
  The New York Times - 1d
• 

  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
• 

  UK budget surplus for January falls short of expectations

  Figures come as chancellor struggles to revive the economy, with business survey showing activity is stalling
  
  Financial Times - 7h

More from CNBC

• 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 - 2h

• 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 - 1h

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

  Shares of Hims & Hers tumble 23% after FDA says semaglutide is no longer in shortage
  
  CNBC - 34m

• 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 - 2h

• Here's how IRS layoffs could impact your tax filing and refund this season

  Thousands of IRS employees are expected to lose their jobs as Elon Musk's Department of Government Efficiency, or DOGE, continues cuts to federal spending.
  
  CNBC - 3h

More in Business

• Celsius wants to sell more energy drinks to women. Wall Street likes the move.

  Celsius shares are up more than 30% after its quarterly results topped estimates and it announced plans to buy drink maker Alani Nu.
  
  MarketWatch - 9m

• Trump, DOGE mass job cuts: Federal workers’ money questions answered

  The Trump administration is terminating federal workers across agencies. Here’s what to know about your rights and finances if you were impacted by the cuts.
  
  CNBC - 11m

• Tesla recalls more than 375,000 vehicles in U.S. due to failing power-assisted steering systems

  Tesla is voluntarily recalling 376,241vehicles in the U.S. to correct an issue with failing power-assisted steering systems.
  
  CNBC - 16m

• Walmart’s stock continues to drop despite ‘near-term buying opportunity’

  Walmart Inc.’s stock deepened its losses on Friday after a brutal selloff in the previous session, as investors brushed aside positive comments from analysts.
  
  MarketWatch - 21m

• Generation X is ready for senior living. Here’s what they want.

  Retirement communities are courting members of Gen X, who will outnumber baby boomers in 2028.
  
  MarketWatch - 26m