HSBC announces share buyback of up to $2 billion as annual profit jumps 6.5%

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  Wholesale prices jump to a 3.5 percent annual increase

  Wholesale prices moved up 0.4 percent in January to hit a 3.5-percent annual increase, undergirding consumer inflation that broke 3 percent last month for the first time since the second quarter of ...
  
  The Hill - Feb. 13

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

  The Chinese titan posted a sharp profit hike in the December quarter amid ongoing strength in its Cloud Intelligence unit and growth in its e-commerce segment.
  
  CNBC - 6h

• 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 - 31m
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  Inflation ticks up to 3 percent annual increase in January

  The consumer price index (CPI) increased by 0.5 percent in January to hit an annual increase of 3.0 percent after advancing by 2.9 percent in December. Economists were expecting the CPI to increase ...
  
  The Hill - Feb. 12

• 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 - 1h
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  Loved-up royals share Valentine's Day photos

  Meghan says she is "beyond proud" of Harry in an Instagram post, while William and Kate shared a poignant image.
  
  BBC News - 6d

• UniCredit posts record profit as Orcel ups dealmaking stakes

  Italian lender says its holding in insurer Generali is now above 5%
  
  Financial Times - Feb. 11

• Kraft Heinz wraps up ‘challenging’ year with a profit warning as stock drops

  The company said it’s “committed to making the necessary investments to drive top-line improvement, while remaining disciplined.”
  
  MarketWatch - Feb. 12

• Reddit turns second quarterly profit since IPO but shares slide on user-growth miss

  Reddit Inc. turned its second quarterly profit since becoming a public company, but shares fell after daily active unique users — which topped 100 million for the first time — fell short of ...
  
  MarketWatch - Feb. 13

More from CNBC

• 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 - 31m

• Rivian beats Wall Street's fourth-quarter expectations, but expects lower deliveries in 2025

  Rivian beat Wall Street's fourth-quarter earnings expectations and achieved its first gross quarterly profit but is forecasting lower sales in 2025.
  
  CNBC - 24m

• 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 - 1h

• 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 - 3h

• GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to $1 billion, WSJ says

  Cohen's sizable stake in Alibaba is a bullish bet on China's economic growth in the long run, The Wall Street Journal said.
  
  CNBC - 1h

More in Business

• Rivian beats Wall Street's fourth-quarter expectations, but expects lower deliveries in 2025

  Rivian beat Wall Street's fourth-quarter earnings expectations and achieved its first gross quarterly profit but is forecasting lower sales in 2025.
  
  CNBC - 24m
• 

  I.R.S. Fires 6,700 Employees Ahead of Tax Filing Season

  The layoffs at the Internal Revenue Service came alongside additional firings at the Transportation Security Administration and the C.I.A.
  
  The New York Times - 25m

• Rivian hits a milestone, and its stock jumps

  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 - 29m

• 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 - 31m

• 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 - 40m