Tag: Price War

US Producer Prices Rise At Fastest Pace In 6 Years As Payday Loan Demand Soars | Zero Hedge

US Producer Prices Rise At Fastest Pace In 6 Years As Payday Loan Demand Soars | Zero Hedge

Over two-thirds of the November increase in the index for final demand goods is attributable to prices for gasoline, which jumped 15.8 percent. The indexes for light motor trucks, pharmaceutical preparations, beef and veal, residential electric power, and jet fuel also moved higher. In contrast, prices for processed young chickens fell 5.7 percent. The indexes […]

Uber charges Toronto rider $14,400 for a 20-minute rush hour ride | cnet

Uber charges Toronto rider $14,400 for a 20-minute rush hour ride | cnet

Only after Kennard took to social media did Uber cop to its mistake and refund the ride. “There was an error, and we have provided a full refund. We sincerely apologize to this rider for his experience. We have safeguards in place to help prevent something like this from happening, and we are working to […]

Uber and Lyft to Refund Users Who Paid Price Surge Trying to Escape NYC Following Bombing | Breitbart

Uber and Lyft to Refund Users Who Paid Price Surge Trying to Escape NYC Following Bombing | Breitbart

Uber and Lyft will refund passengers who were forced to pay higher fares while trying to escape New York City following the attempted terrorist attack on Monday. According to Jalopnik, Uber and Lyft fares “skyrocketed” following the attempted attack, but “Uber eventually turned off surge pricing in the surrounding area of midtown Manhattan, where the explosion took […]

After a Midtown Blast, Ride-Hailing Prices Spike, Briefly | The New York Times

After a Midtown Blast, Ride-Hailing Prices Spike, Briefly | The New York Times

As the supply of subways and buses vanished around Times Square during the Monday morning rush, the demand for cabs increased. The result: fare increases from Uber and Lyft, whose algorithms automatically adjust price based on the volume of requests. Reaction from riders was swift. Ride-hailing app companies, they said, were profiteering off a terror […]

Uber ‘charge £149 for a 10 mile trip after price surge because of snow’ | The Sun

Uber ‘charge £149 for a 10 mile trip after price surge because of snow’ | The Sun

UBER users in Birmingham were left fuming after they were offered cabs for more than four times the normal rate after a surge due to the bad weather. … An Uber spokeswoman said: “Our app uses dynamic pricing which means that fares automatically increase when the demand for cars in a specific area is greater […]

Getting to know the best stock in today’s market: The Kroger Co. (KR) | News Journal

Getting to know the best stock in today’s market: The Kroger Co. (KR) | News Journal

Amid the all-time high stocks in today’s market is The Kroger Co. (NYSE:KR) that had a market cap of 23.69B. The company’s P/E was valued at 15.99 as it measures its current share price to its per-share earnings. At present, (NYSE:KR)’s price is rolling at $26.41. A price change of 0.72% indicates a strong asset […]

Amazon Is Rumored To Enter The Pharmaceutical Industry — What Are The Implications? – jdr98 | Seeking Alpha

Amazon Is Rumored To Enter The Pharmaceutical Industry — What Are The Implications? – jdr98 | Seeking Alpha

While the transition to buying medicine from an online pharmacy would be an adjustment for older consumers, a horizontal movement by Amazon into pharmaceuticals may entice this demographic to use this platform for its convenience of home delivery.  Once they are familiar with Amazon’s business model and core value proposition, it is fair to assume […]

US Grocers Face More Than Just Amazon | The Epoch Times

US Grocers Face More Than Just Amazon | The Epoch Times

Traditional food retailers are facing challenges from online retailers as well as discounters. According to market research firm YouGov, online grocery market sales will reach $30 billion in 2021, up from $12 billion in 2016. While online retail emphasizes convenience and efficiency on the higher end of the market, discount retailers put additional pressure on […]

Rand Paul blasts Big Pharma for jacking up drug prices: “It is not capitalism” | Rare

Rand Paul blasts Big Pharma for jacking up drug prices: “It is not capitalism” | Rare

Sen. Rand Paul (R-Ky.) went after big pharmaceutical companies on Wednesday, arguing that they hurt American consumers and are not practicing true capitalism. In a confirmation hearing, Paul grilled Secretary of Health and Human Services nominee Alex Azar on how big pharmaceutical companies manipulate the health care system to raise drug prices, challenging the nominee […]

To Cut Drug Prices, Academy of Sciences Tells the Government to Negotiate With Manufacturers | The New York Times

To Cut Drug Prices, Academy of Sciences Tells the Government to Negotiate With Manufacturers | The New York Times

WASHINGTON — The National Academy of Sciences called Thursday for sweeping changes in the pricing, sale and promotion of prescription drugs to make lifesaving treatments more affordable without discouraging the development of new medicines. The federal government should negotiate drug prices with manufacturers, the academy said, an idea pushed by Democrats for years, embraced by […]