BBY Stock Recent News

NEW YORK and VANCOUVER, BC , March 10, 2025 /PRNewswire/ -- Best Buy Canada has selected  PingPong , a world-leading provider of cross-border embedded payment solutions, to become its first cross-border payment service provider of record on its Marketplace. Leveraging PingPong's easy-to-integrate API, Best Buy Canada will begin expanding internationally and facilitate payouts to international sellers.

Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>

Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>

Target and Best Buy, two of the country's largest retail chains, warned their prices will increase after President Donald Trump's 25% tariffs on goods from Mexico and Canada went into effect on Tuesday, sending the stock market plunging more than 650 points and shooting shock waves through the financial system. Adding fuel to the fire, Trump also said he would double tariffs on all Chinese imports from 10% to 20%.

Just as Best Buy Co Inc BBY and Target Corp TGT gear up for a turnaround, tariffs are threatening to spoil the party.

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It was another volatile session for the stock market Tuesday as tariffs on China, Mexico and Canada fueled fears of stagflation. The post Stock Market Extends Losses; Amid Stock Carnage, Be Patient And Wait For New Buys appeared first on Investor's Business Daily.

Major U.S. equities indexes moved lower as tariffs went into effect on imports from major trading partners Mexico and Canada, in addition to an increase in the existing levy on goods from China.

Best Buy (BBY) is signaling a potential turnaround after years of struggling sales figures. The electronics retailer reported surprisingly strong fourth-quarter results on Tuesday, exceeding Wall Street's expectations and putting an end to a three-year slide in sales growth.

Catalysts anchors Seana Smith and Madison Mills cover the morning's top market stories as equities continue to react to the Trump administration's latest tariffs against Canada, Mexico, and China. Best Buy (BBY) shares take a hit Tuesday morning as the electronics retailer's outlook on tariffs overshadows its latest earnings beat.