commerce

Grocery Shoppers Increasingly Abandoning Premium Retailers for Lower-Priced Alternatives

May 11, 2026

1 source

Retail Dive

Grocery Shoppers Increasingly Abandoning Premium Retailers for Lower-Priced Alternatives

Story Summary

A May 2026 report from Alvarez & Marsal reveals a significant shift in consumer behavior, with 42% of grocery shoppers planning to switch to lower-priced retailers this spring. This marks a notable increase from the 31% reported last fall. The data indicates that consumers are moving beyond simply choosing cheaper brands, opting instead to abandon their current retailers for more.

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The Verge·May 11, 2026

insurance

Willis Adapts Insurance Frameworks to Manage Complex Risks of Hyperscale Data Center Expansion

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Insurance Journal·May 11, 2026

consumer services

General Motors Settles California Privacy Lawsuit Over Unauthorized Driving Data Sales for $12.75 Million

General Motors has agreed to a $12.75 million settlement with California to resolve allegations that it improperly sold driver location and behavior data to insurance companies. The agreement mandates that GM cease selling customer information to data brokers for five years, provide transparent privacy disclosures, and obtain explicit consent before collecting driving data. This follows a similar January 2026 FTC.

The Verge·May 11, 2026

finance

Michael Burry Urges Investors to Reduce Exposure to Parabolic Tech Stocks

Investor Michael Burry is advising market participants to scale back holdings in technology stocks, warning that current AI-driven momentum mirrors the speculative excesses of the 1999-2000 dot-com bubble. Burry advocates for raising cash rather than short-selling, which he deems prohibitively expensive and risky. He cautions that despite potential short-term gains, current valuations remain unsustainable and will likely resolve in significantly.

CNBC Finance·May 11, 2026