BBY
NYSE · Retail
Best Buy Co Inc
$59.40
+0.86 (+1.47%)
BBY News12 articles
GameStop's $9 Billion War Chest Fuels Stock Rally
GameStop shares climbed to $26.61 as the market speculates on CEO Ryan Cohen's strategy for the company's $9 billion cash pile. Q4 results revealed a sales decline but improved operating income.
Costco Faces Growing Pressure Over Tariff Refund Transparency
House Democrats are pressing Costco and other retailers to clarify how tariff refunds will reach consumers, while a class action lawsuit demands payback. COST shares last traded at $1,011.15.
GameStop Surges on Deal Speculation and CEO Ambitions
GameStop shares climbed more than 4% Wednesday, trading above $25 as renewed interest in CEO Ryan Cohen's acquisition strategy and a promotional push fueled buying. The stock's move reflects investor focus on the company's substantial cash reserves rather than its declining core business.
Best Buy Announces CEO Transition Amid Challenging Sales Environment
Best Buy has announced a leadership change, with CEO Corie Barry departing at the end of October. Long-time executive Jason Bonfig will take the helm as the company contends with soft comparable sales and a cautious consumer.
FTSE 100 Retreats on Insurer Weakness, Geopolitical Jitters
London's FTSE 100 declined 0.9% on Wednesday, giving back some of the prior session's sharp gains. Legal & General shares dropped 5% following disappointing results, while Balfour Beatty jumped as much as 12% on an upbeat forecast.
Dow Trims Losses as Oil Spike Fuels Inflation Worries
The Dow Jones Industrial Average recovered from deeper losses but remained down 0.14% by midday Monday as a sharp jump in oil prices stoked inflation fears. Early declines were led by Sherwin-Williams and 3M.
Markets Brace for Volatility as Middle East Tensions Escalate
Geopolitical tensions and oil supply fears weigh on markets as stocks closed February with significant monthly losses. All eyes are on the Strait of Hormuz and upcoming U.S. economic data.
Geopolitical Shock, Oil Spike, and Jobs Data Set Tense Week for Markets
Markets enter March under pressure after a deadly strike on Iran's leader triggered a key oil chokepoint closure, sending Brent crude higher. The S&P 500 just logged its steepest monthly decline since March 2025.
Walmart Settles FTC Driver Pay Case for $100M as Shares Defy Market Dip
Walmart will pay $100 million to resolve FTC allegations it misled delivery drivers about earnings. Its stock rose 2.84% to $127.95 on Friday, outperforming the market.
Costco Shares Surge Past $1,000 Mark as Bank of America Issues Bullish Call
Costco Wholesale Corporation shares gained 2.44% to close at $1,010.79, outperforming a weaker market. Bank of America reinstated coverage with a Buy rating and a $1,185 target, citing the retailer's broad consumer appeal.
Soybeans Climb on Export Sales; Best Buy Seen Undervalued
Soybean futures gained Thursday following USDA export sales data. In equities, Best Buy appears significantly undervalued, while Indian IT shares sold off sharply amid AI disruption concerns.
Dow Surges 700 Points as Earnings Power Stocks Toward Best Month Since 2020
The Dow Jones surged 700 points on Thursday, leading a broad rally as strong corporate earnings pushed major indexes toward their best monthly gains since 2020, shrugging off oil price concerns.