Tag: Price War

NYC Taxi Waave Pilot Expands With Upfront Fares | Metro US

NYC Taxi Waave Pilot Expands With Upfront Fares | Metro US

Starting this week, booking a surge-free ride with an upfront price in an NYC taxi is as easy as using your preferred ride-hailing service. The new initiative is a citywide expansion of the city’s Taxi and Limo Commission pilot with the ride-hailing Waave app. Now available in all five boroughs, New Yorkers can use Waave […]

Buying Homes | ten daily

Buying Homes | ten daily

It’s no secret why Australians are struggling to buy a home: house prices have skyrocketed and wages have stagnated. It’s not rocket science, and for many, ‘the great Australian dream’ of owning a property is feeling likely that it’ll stay exactly that: a dream. But even those who are financially fortunate enough to get on […]

Uber Tasks Centralized Response Team With Monitoring Prices During Disasters | The Drive

Uber Tasks Centralized Response Team With Monitoring Prices During Disasters | The Drive

Uber is overhauling the way it responds to emergencies and natural disasters. In a blog post, the ride-hailing company said it now has a centralized command center that will direct responses to disasters, including instituting temporary price caps and suspending service. Uber’s new Global Security Center will monitor situations that may affect the company’s business […]

New measures protect Grab users against ‘excessive’ surge prices, but no restoring of discounts expected | Channel NewsAsia

New measures protect Grab users against ‘excessive’ surge prices, but no restoring of discounts expected | Channel NewsAsia

SINGAPORE: As part of measures imposed by the Competition and Consumer Commission of Singapore (CCCS) to level the playing field in the ride-hailing industry, Grab will now be required to maintain its pre-merger pricing algorithm. According to the CCCS, this is to protect the interests of passengers by ensuring that base fares remain at the same level as before Grab’s acquisition […]

Uber is overhauling the way it responds to emergencies and natural disasters | The Verge

Uber is overhauling the way it responds to emergencies and natural disasters | The Verge

Uber is overhauling its disaster response procedures so it doesn’t get caught flat-footed during major events like a hurricane or terrorist attack. In the past, Uber’s response to disasters was largely piecemeal, relying on local teams to make all the decisions about capping surge pricing or suspending service. Now, the ride-hail company’s new Global Security […]

Trump Attacks OPEC Again, Demanding Cash for Military Protection | Bloomberg

Trump Attacks OPEC Again, Demanding Cash for Military Protection | Bloomberg

President Donald Trump resumed his attacks on OPEC, saying the cartel is pushing oil prices too high and demanding that some members start paying the U.S. for military protection. “OPEC nations are, as usual, ripping off the rest of the world and I don’t like it,” Trump said in a speech to the United Nations […]

Price of a Whole Foods basket of groceries has barely budged since Amazon took over | MarketWatch

Price of a Whole Foods basket of groceries has barely budged since Amazon took over | MarketWatch

Whole Foods had a high-priced reputation before retailing giant Amazon stepped in. Why hasn’t that changed? Even with the discounts offered to Amazon.com Inc.’s Prime members, the cost of a $400-plus broad basket of items purchased at Amazon-owned Whole Foods Market only yields $1.50 in savings over prices one year ago, Gordon Haskett Research Advisors […]

Is a taxi or Uber driver more likely to rip you off on the way to the airport? | MarketWatch

Is a taxi or Uber driver more likely to rip you off on the way to the airport? | MarketWatch

Uber drivers are not completely exempt from allegations that they’ve ripped off their passengers, however. The study found the drivers often seek out routes that are subject to surge pricing, Uber’s practice of increasing fares when there is high demand. They also occasionally tell the app that they’ve started a ride before a rider gets […]

The End Of The Oil Price Rally | OilPrice.com

The End Of The Oil Price Rally | OilPrice.com

Oil prices slipped this week as unexpected builds in gasoline inventories due to a drop in demand with driving season coming to an end. … Oil prices are set for their largest weekly loss since July, due to fears of emerging market contagion and some bearish data from the EIA. Mixed EIA report, oil prices […]

Oil should be at $52 per barrel says Emirates Tim Clark | CNBC

Oil should be at $52 per barrel says Emirates Tim Clark | CNBC

Airline fuel is overpriced, and the underlying cost of oil should sit around $52 per barrel, Tim Clark, President of Emirates told CNBC Friday. “I am one of these people that says it is hugely overpriced. If you are at $77 or $83 dollars (per barrel) it should be at $52. That’s where it needs […]