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CEO of supermarket chain reveals when Americans can expect relief from high grocery prices
- The CEO of two New York City-based supermarket chains predicts lower grocery prices soon.
- Catsimatidis stated that diesel prices are declining and food prices, particularly eggs, are expected to drop over the next three months.
- He predicts that oil prices may fall to $55 to $65 per barrel in the next three to six months.
- Catsimatidis noted that a conservative government in Canada could collaborate with President Trump on pipeline deals to enhance energy sectors.
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Supermarket price war could bring consumers some relief but only because the government is pushing up costs
If there's anyone who understands Asda it's arguably former chief executive and current chair Allan Leighton. But times have changed since he last was at the helm and competition is fierce.
·United Kingdom
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Supermarket Price War Could Bring Consumers Some Relief But Only Because The Government Is Pushing Up Costs - Great Yorkshire Radio
Some £4.4bn was wiped from the stock market valuations of Tesco, Sainsbury’s and Marks & Spencer on Monday following comments from Allan Leighton, the executive chairman of Asda, on Friday in which he promised the grocer was planning its biggest price cuts in 25 years. Mr Leighton, who returned to Asda last November, said there was a “war chest” available to Asda and indicated he was prepared to “materially” forego profits in the short term to w…
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Total News Sources12
Leaning Left0Leaning Right1Center9Last UpdatedBias Distribution90% Center
Bias Distribution
- 90% of the sources are Center
90% Center
C 90%
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