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 - 7h

• 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 - 18h

• 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 - 7h
• 

  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 - 23h

• 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 - 16m

• 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 - 15h
• 

  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 - 20h

• 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 - 16h
• 

  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

• Push to declassify Malcolm X documents 60 years after assassination

  It has been 60 years since Malcolm X was assassinated in NYC, and his family is calling for the documents in the case to be declassified.
  
  CBS News - 31m

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 - 28m

• 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 - 38m

• Coinbase says the SEC has agreed to end 'bogus' enforcement case against crypto exchange

  The announcement comes as the regulator is expected to be more friendly to crypto under President Donald Trump.
  
  CNBC - 17m

• President Trump is losing the stock market war to the rest of the world so far. Here's where investors are taking advantage

  Emerging market stocks, China and European stocks are beating U.S. indexes since the inauguration of Donald Trump.
  
  CNBC - 39m

• 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 - 16m

More in Business

• Coinbase claims victory over ‘rogue’ SEC. So what’s next for crypto regulation?

  The company says the U.S. government has more to do to foster crypto innovation, and an analyst notes there are still lingering regulatory matters for Coinbase at the state level.
  
  MarketWatch - 9m

• 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 - 16m

• Coinbase says the SEC has agreed to end 'bogus' enforcement case against crypto exchange

  The announcement comes as the regulator is expected to be more friendly to crypto under President Donald Trump.
  
  CNBC - 17m

• Existing-home sales sag under weight of 7% mortgage rates in first month of 2025

  Home buyers are still struggling with affordability, the National Association of Realtors said.
  
  MarketWatch - 18m
• 

  Coinbase says SEC staff agree to drop lawsuit against crypto group

  Decision needs commissioner approval but suggests a friendlier regulatory approach under Trump administration
  
  Financial Times - 24m