US Top News and Analysis | Best Buy names Jason Bonfig as new CEO, replacing Corie Barry in late October

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Best Buy announced that long‑time executive Jason Bonfig, who joined the retailer in 1999 and most recently serves as chief customer, product and fulfillment officer, will replace Corie Barry as chief executive on Oct. 31, with Barry remaining as a strategic adviser for six months; the leadership change is aimed at reviving stagnant sales and capitalising on AI‑driven innovations in mobile phones and laptops, as the company projects FY 2025 revenue of $41.2‑$42.1 billion (up from $41.69 billion) and adjusted earnings of $6.30‑$6.60 per share (versus $6.43 last year) and expects comparable sales to range from a 1% decline to a 1% increase; Bonfig, 49, will become Best Buy’s sixth CEO and join the board, bringing experience overseeing merchandising, marketing, supply‑chain, e‑commerce and the new Best Buy Ads marketplace, while Barry, who led the firm through the pandemic, high inflation and tariff spikes, steps down after nearly seven years; the stock has been volatile, hovering around $66 per share and up about 7% over the past year, but faces investor skepticism after a recent Goldman Sachs downgrade and concerns about pressure on sales and margins from higher component costs and lagging appliance demand.

Read more: https://www.cnbc.com/2026/04/22/best-buy-jason-bonfig-ceo-corie-barry.html

#JasonBonfig #CorieBarry #DavidKenny #KateMcShane #BestBuy #GoldmanSachs #

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qwant news | Hilary Lopez returns to BlackRock as head of European wealth from GSAM

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Hilary Lopez is set to re‑join BlackRock later this year as head of European wealth, based in London and reporting to Sarah Melvin, head of UK and Europe client business. Lopez returns after a nine‑year stint at BlackRock from 1999‑2008, having most recently served at Goldman Sachs Asset Management as partner and head of the EMEA third‑party wealth business, where she oversaw a 100‑person team presenting the firm’s capabilities to clients. Earlier in her career she spent over a decade at BNY Mellon Investment Management in senior roles, including managing director and head of intermediary distribution for Europe and Latin America. BlackRock’s hiring coincides with GSAM restructuring its third‑party wealth team under Bryon Lake and Padideh Raphael, while continuing to expand its international, alternatives and ETF offerings; GSAM declined to comment on the move.

Read more: https://www.investmentweek.co.uk/news/4528609/hilary-lopez-returns-blackrock-head-european-wealth-gsam

#HilaryLopez #SarahMelvin #BlackRock #GoldmanSachs #GSAM #BryonLake #PadidehRaphael #StefanGries

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Goldman Sachs Sees Continued Stock Gains Amidst Economic Certainty, Higher Volatility Looms

Goldman Sachs predicts 11% stock gains globally but warns of higher market swings due to rising unemployment and market concentration. Find out what it means for you.

#StockMarket, #GoldmanSachs, #EconomicOutlook, #MarketVolatility, #InvestmentTips

https://newsletter.tf/goldman-sachs-stock-gains-market-swings-unemployment/

Goldman Sachs forecasts an 11% return for global stocks in the next 12 months. This is higher than some previous estimates, but expect bigger ups and downs in the market.

#StockMarket, #GoldmanSachs, #EconomicOutlook, #MarketVolatility, #InvestmentTips
https://newsletter.tf/goldman-sachs-stock-gains-market-swings-unemployment/

Anthem Entertainment on the Market for Third Time in a Decade

https://fed.brid.gy/r/https://www.billboard.com/pro/anthem-entertainment-for-sale-third-time-decade/