Grocery giant Albertsons is planning an extensive overhaul as inflation continues to hinder consumer spending. The company released quarterly earnings Tuesday (Oct. 13) showing a sales dip of 0.8%, and said it was pausing its financial guidance as it undertakes a sweeping business review. “Sales and earnings growth have...
UnitedHealth Group is using artificial intelligence and streamlined digital tools to tackle rising consumer demand and long-standing operational bottlenecks across the healthcare ecosystem. Speaking during the company’s third-quarter earnings call Tuesday (Oct. 13), CEO Steve Hemsley stressed a company-wide effort to develop modern “agentic infrastructure” designed to care...
Wells Fargo is devoting “significant management time and resources” to building artificial intelligence (AI) capabilities and driving value across its operations, Chairman and CEO Charlie Scharf said Tuesday (Oct. 13) during a third quarter earnings call. The bank is using AI and, in some cases, autonomous agents...
The race to modernize corporate payments is becoming a contest over where businesses want their money to live, rather than how quickly they can move it. This was made evident during Citigroup’s third-quarter 2026 earnings, reported Tuesday (Oct. 13). While the bank beat Wall Street...
JPMorganChase’s third quarter results showed consumers kept spending and borrowing during the quarter, while credit quality remains strong. Management also detailed Tuesday (Oct. 13) that inside the bank, artificial intelligence was being put to work in software development, operations and tasks performed by AI agents....
When Samsung Electronics releases its preliminary third quarter results Thursday (Oct. 8), analysts will be looking for data on whether memory chip margins have peaked and whether the artificial intelligence spending boom remains durable, Reuters reported Wednesday (Oct. 8). Samsung will release its preliminary third...
When used car retailer CarMax holds its earnings call Tuesday (Sept. 29), investors and analysts will be looking for insights into the company’s progress on its turnaround plan as well as commentary on consumer trends, Bloomberg reported Monday (Sept. 28). This year has seen the...
Costco’s third-party same-day delivery offering is helping draw younger customers to the retailer, CEO Ron Vachris said Thursday (Sept. 24) during the company’s quarterly earnings call. Costco highlighted its expansion of third-party same-day delivery channels in the United States in a presentation released Thursday, saying that this is...
A challenging macro environment and other issues affecting the grocery industry led Kroger to lower its 2026 full-year guidance for identical sales without fuel, executives said Friday (Sept. 11) during a second quarter earnings call. Kroger lowered its guidance for identical sales without fuel to...