Best Buy Co Inc
Airline stocks tumble amid economic concerns
United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024. Jakub Porzycki | Nurphoto | Getty Images Stock Chart IconStock chart icon NYSE Arca Airline Index versus the S&P 500 Airlines, especially full-service carriers with big international networks, had been a bright spot thanks to strong demand […]
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Best Buy shares plunge as CEO warns price increases are ‘highly likely’ due to Trump tariffs
Best Buy on Tuesday posted fourth-quarter earnings and revenue that topped expectations, but CEO Corie Barry projected that prices for U.S. consumers would rise as President Donald Trump’s tariffs on China and Mexico go into effect. On Best Buy’s earnings call, Barry said China and Mexico are the company’s top two supply-chain sources, with about […]
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Stocks making the biggest moves premarket: Nvidia, Tesla, Target, Illumina and more
Check out the companies making headlines before the bell. Nvidia — Shares fell another 3%, extending the chipmaker’s nearly 9% decline Monday after President Donald Trump enacted tariffs on Canada and Mexico starting Tuesday. Investors remain concerned about how tariffs and greater export restrictions will affect Nvidia’s business in China. After Monday’s sell-off, Nvidia was worth […]
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Stock futures tick higher after Monday’s big sell-off; Trump’s Mexico and Canada tariffs loom: Live updates
Traders work on the New York Stock Exchange floor on March 3, 2025. Spencer Platt | Getty Images After trading higher earlier in the day, the three major indexes all dropped into negative territory after President Trump confirmed Monday afternoon that the U.S.’ 25% duties on Canada and Mexico would go into effect the following […]
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‘Tariffs are not the answer’: Industry and corporate leaders react to Trump duties on Mexico, Canada and China
Aerial view of trucks queueing next to the border wall before crossing to the United States at Otay commercial port in Tijuana, Baja California state, Mexico, on Jan. 22, 2025. Guillermo Arias | AFP | Getty Images Industry and corporate leaders are weighing in after U.S. President Donald Trump followed through with his threat to […]
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Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer
A sign marks the location of a Nordstrom store on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool. The […]
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Trump voters could fuel holiday spending, while Harris supporters may pull back
A “Keep America Great” hat tops off a Christmas tree at a “Merry Christmas” rally hosted by President Donald Trump at the Kellogg Arena in Battle Creek, Michigan, Dec. 18, 2019. Scott Olson | Getty Images News | Getty Images Black Friday is poised to take on a new tint of red, white and blue […]
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As retailers enter the holiday shopping season, the winners are pulling away from the pack
Shoppers outside a Target store ahead of Black Friday in Clifton, New Jersey, US, on Tuesday, Nov. 26, 2024. Victor J. Blue | Bloomberg | Getty Images As the holiday season heats up, retailers are getting a fresh opportunity to attract even the most selective shoppers and convince them to splurge on discretionary items like […]
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Stocks making the biggest moves midday: Kohl’s, Best Buy, Zoom Communications, Stellantis and more
Check out the companies making headlines in midday trading. Kohl’s – Shares tumbled 18% after the retailer cut its sales outlook amid an uncertain holiday backdrop . The latest quarter’s earnings and sales fell short of Wall Street analysts’ estimates, and the CEO will step down in January. Amgen — The biotech fell more than […]
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Best Buy cuts full-year sales forecast due to softer demand for consumer electronics
Best Buy on Tuesday cut its full-year sales forecast and missed Wall Street’s quarterly revenue expectations, as early holiday shopping and a fresh batch of iPhones and AI-enabled laptops weren’t enough to drive higher sales. The consumer electronics retailer said it now expects full-year revenue to range from $41.1 billion to $41.5 billion, compared to […]
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