Grocery chain Albertsons saw its shares drop over 20% after lowering its fiscal 2026 outlook, citing softer consumer demand and a more cautious spending environment, impacting its net income and identical sales projections.
The Trump administration reportedly contacted major grocery chains like Walmart, Kroger, and Albertsons to urge them to reduce beef prices ahead of the Fourth of July holiday. Walmart announced discounts, with President Trump taking credit for the move.
California drivers have filed a proposed class action lawsuit against major gas station operators including BP, Circle K, and Walmart, accusing them of using AI to artificially inflate gasoline prices. The suit alleges violations of California's antitrust law and a recent bill targeting algorithmic price fixing, claiming prices have risen significantly in areas where the AI tool is used.
