Best Buy shares plunge as CEO warns price increases are 'highly likely' due to Trump tariffs
Read more at CNBC
Topics
-
Best Buy’s stock falls as CEO says tariffs ‘make price increases for American consumers highly likely’
An earnings beat and dividend hike aren’t enough to hold the stock’s early gains.MarketWatch - 1h -
China accuses US of 'blackmail' after Trump warns of increased tariffs
China’s officials condemned President Trump for his decision to add a 10 percent tariff on Chinese imports over the country’s alleged complicity in the international smuggling of fentanyl, a deadly ...The Hill - 4d -
3 highly successful CEOs share their best tips for responding to a setback: 'Somewhere in my mind, I think that I can do anything'
Highly successful CEOs share how they recover from setbacks, from always trusting their guts to leaning on the people around them to help.CNBC - Feb. 22 -
Trump’s tariffs take effect: What prices are set to increase?
President Donald Trump’s sweeping tariffs on imports from Canada, Mexico and China took effect at midnight. Reporting for TODAY, NBC’s Christine Romans says it’s only a matter of time until ...NBC News - 4h -
Mexico president vows response to Trump tariffs; US official acknowledges prices may increase in short term – live
Mexican president Claudia Sheinbaum says country will respond Sunday; commerce secretary defends Trump tariffs while acknowledging price increases. US consumers warned to brace for higher ...The Guardian - 18m -
Chipotle CEO says company will absorb any cost increases from tariffs
President Donald Trump’s plan to impose tariffs on America’s largest trading partners is sending ripples through the U.S. economy, as businesses and consumers alike prepare to pay Yet for Chipotle ...NBC News - 1d -
Trump's Mexico tariffs could raise produce prices in the next few days, Target CEO says
President Donald Trump's tariffs on Mexico could raise prices on strawberries, avocados and bananas, Target CEO Brian Cornell said.CNBC - 3h -
Wall Street Journal knocks Trump over ‘dumbest tariff plunge’
The Wall Street Journal’s editorial board slammed President Trump on Monday, calling his plan to place tariffs on other countries the “dumbest tariff plunge.” The board, in an editorial published ...The Hill - 2h -
BBC Verify: Viral Donald Trump Jr audio highly likely AI fake
A clip has been widely shared of Donald Trump Jr allegedly saying on his podcast that the US should have sent arms to Russia.BBC News - 4d
More from CNBC
-
Trump's tariffs showcase his extraordinary presidential power — and its limitations
President Donald Trump's 25% tariffs on Canadian and Mexican imports took effect Tuesday. But actually collecting them is proving complicated.CNBC - 16m -
Tech stocks are down 7% since Trump's inauguration as trade war fuels uncertainty
Tariffs may spike manufacturing costs for leading technology companies such as Apple and Nvidia that assemble and manufacture products outside the U.S.CNBC - 8m -
Pro-Trump techies enraged by president's crypto reserve announcement, causing early rift
Some of President Donald Trump's most vocal supporters in tech took to social media to slam his latest proposal for a crypto strategic reserve.CNBC - 1h -
Tesla's worst month since 2022 coincided with Elon Musk's first full month in White House
Tesla shares plunged 28% in February, their worst month since December 2022.CNBC - 2h -
Airline stocks tumble amid economic concerns
Signs of a weakening consumer have emerged ahead of the peak spring and summer travel season.CNBC - 48m
More in Business
-
UConn star Paige Bueckers touts financial literacy as NIL boosts women's sports
Bueckers has signed more than 25 deals with companies such as Gatorade, Chegg, Bose, Verizon, Madison Reed and StockX.CNBC - 6m -
The U.S. dollar is sending an alarming signal to investors and consumers
Global stocks struggled on Tuesday as President Donald Trump’s latest batch of tariffs took effect, targeting Canada, Mexico and China. But even more troubling, according to some, was the reaction ...MarketWatch - 6m -
Tech stocks are down 7% since Trump's inauguration as trade war fuels uncertainty
Tariffs may spike manufacturing costs for leading technology companies such as Apple and Nvidia that assemble and manufacture products outside the U.S.CNBC - 8m -
Trump Tariffs Rattle Border Businesses as They Hike Prices
Uncertainty and the threat of further disruption prompt big changes and plenty of worries at small companies that depend on cross-border business.Inc. - 12m -
Trump's tariffs showcase his extraordinary presidential power — and its limitations
President Donald Trump's 25% tariffs on Canadian and Mexican imports took effect Tuesday. But actually collecting them is proving complicated.CNBC - 16m