Attention Walmart shoppers: You may be entitled to compensation
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 9 April 2024
⏱️ 8 minutes
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Summary
Walmart has opted to settle a $45 million class-action lawsuit over allegedly inflating prices for certain products sold by weight, such as produce and meat products. That means if you purchased “weighted goods” from Walmart, you could be eligible for a payout of up to $500. Plus, investors are braced for the release of March’s consumer price index tomorrow, and we examine how funding from the CHIPS Act is being doled out.
Transcript
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| 0:00.0 | Ever buy oranges, chicken thighs, or anything else by weight at a Walmart grocery store, |
| 0:07.1 | you may be eligible for cash compensation. |
| 0:10.8 | I'm David Brancaccio in New York. First investors and the interest rate |
| 0:14.9 | sensitive and who's not are braced for the news tomorrow on inflation the |
| 0:19.2 | consumer price index covering March. On the line now from Los Angeles is Jeffrey Cleveland. He's |
| 0:24.3 | chief economist at the investment firm, Paiden, and Regal. We look at the core |
| 0:29.3 | consumer price index which excludes the volatile components like food and |
| 0:34.9 | energy and we're looking in particular at the month to month change in that |
| 0:39.6 | index so market expectations right now are for a 0.3% month-to-month change for March. |
| 0:47.0 | And that would be a bit of a cool down from the data we saw in January and February. In January that index was up 0.4 and |
| 0:56.2 | February that index was also up 0.4. So the entire global |
| 1:01.0 | financial system from the investor side is waiting to see this number |
| 1:04.9 | wanting to see evidence that inflation is cooling month to month. |
| 1:10.9 | This morning the 10-year interest rate is down 4.37% wait were those really 6 99 a pound |
| 1:18.1 | Walmart customers may be eligible for up to five hundred dollars of compensation for allegedly being overcharged for goods sold by weight |
| 1:26.4 | in Walmart supermarkets. |
| 1:27.8 | It's part of a $45 million settlement of a class action suit. |
| 1:31.8 | Here's Marketplace's Nancy Marshall Genser. |
| 1:34.8 | The settlement still needs final court approval. |
| 1:37.5 | You have until June 5th to submit a claim either on the settlement website or by mail. |
| 1:42.4 | If your claim is substantiated by an |
| 1:44.4 | administrator, you'll get 2% of the total cost of the meat or citrus you bought |
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