Albertsons Shares Soar

After a rough patch, shares of Albertsons soared 14% at one point this week as the grocer raised its sales and profit outlooks in its second-quarter earnings.

Albertsons' stock is down 2% this year. (Photo: Albertsons)

Still, the firm’s stock is down 2% this year — and 90% of Americans say they are stressed about the cost of groceries, Forbes Daily reported.

Trade tensions are escalating between the U.S. and China, and shares of U.S. rare-earth firms dropped Tuesday despite surging in premarket trading.

Both the U.S. and China began levying tit-for-tat port entry fees on ships from each other’s countries — a move that could further disrupt global supply chains.

Real estate giant Brookfield announced a $5 billion deal with Bloom Energy, which makes fuel cells used to power data centers, sending Bloom shares soaring 27% Monday — even though the firm has never turned a profit.

It was also a big day for Bloom’s founder and CEO, KR Sridhar, whose stake is now worth $490 million.