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Tag: Pricing Backlash

6 Texas Gas Stations Agree To Refund Customers For Hurricane Harvey Price Gouging | CBS Dallas / Fort Worth

6 Texas Gas Stations Agree To Refund Customers For Hurricane Harvey Price Gouging | CBS Dallas / Fort Worth

AUSTIN, Texas (CBSDFW.COM) –  The Texas Attorney General’s Office’s Consumer Protection Division settled lawsuits against two Texas gas stations accused of price gouging during the Hurricane Harvey disaster. The AG’s Office also secured Assurances of Voluntary Compliance with four Dallas-Fort Worth Metroplex gas stations. Under separate agreements, Encinal Fuel LLC and Lafayette C-Store will each […]

Could drug-price transparency raise prices? These lobbyists and lawmakers think so | MarketWatch

Could drug-price transparency raise prices? These lobbyists and lawmakers think so | MarketWatch

As Washington tries to address soaring drug prices, even efforts to just bring more transparency to the state of affairs aren’t a slam dunk. At a House subcommittee hearing on Tuesday, interest groups and Republican lawmakers voiced concerns about bills promising more sunshine. In testifying about the Public Disclosure of Drug Discounts Act, a representative […]

Uber and Lyft Drivers Manipulate Surge Pricing | The Drive

Uber and Lyft Drivers Manipulate Surge Pricing | The Drive

Lyft went public. Then Uber. Measures meant to illustrate that the rideshare companies were ready to leave the security of Silicon Valley and enter reality. Yet, the two IPOs fell flat on their respective faces. Each company’s stock price has tumbled and investors have quickly realized that an ever-growing ridership doesn’t necessarily equate to a […]

Deliveroo may introduce dynamic pricing for menu orders | The New Paper

Deliveroo may introduce dynamic pricing for menu orders | The New Paper

Deliveroo may become the first food delivery service here to introduce dynamic pricing for orders off a menu, according to recent changes to its terms of service. The addition, in March, states that Deliveroo “may operate dynamic pricing some of the time, which means that prices of menu items and delivery may change while you […]

The global battle over high drug prices | Costly medicines

The global battle over high drug prices | Costly medicines

THESE DAYS it is hard to find a government that is not struggling with the high price of medicines. In England, the government is fighting Vertex, a drug company, over the cost of a drug for cystic fibrosis, Orkambi. In America, diabetics have died because of the high cost of insulin. In the Netherlands, the […]

Uber and Lyft drivers at a DC airport trigger surge pricing by turning off apps at the same time | Daily Mail Online

Uber and Lyft drivers at a DC airport trigger surge pricing by turning off apps at the same time | Daily Mail Online

Drivers for Uber and Lyft admit to manipulating the ride sharing apps so that customers will have to pay for a price surge. A group of up to 150 drivers routinely use the trick while waiting in the parking lot for passengers at Reagan National Airport in Arlington, Virginia. The drivers artificially inflate the fare […]

Lower pay and higher costs: The downside of Lyft’s car rental program | Los Angeles Times

Lower pay and higher costs: The downside of Lyft’s car rental program | Los Angeles Times

McNeill wrote that the company is expanding the program, hoping to increase driver earnings by offering fuel-efficient cars. “Someone wanting to drive with Lyft can rent a car for as little as a week and return it, if things didn’t work out,” Lyft spokesman Eric Smith said in a statement. “We’re proud to be able […]

Global insurance prices rise at fastest pace in seven years | The Actuary

Global insurance prices rise at fastest pace in seven years | The Actuary

The Global Insurance Market Index shows that average commercial insurance prices rose by 3% between January and March, marking the sixth consecutive quarter of increases. And composite pricing grew in all regions for the second quarter running, which Marsh said was driven by rate changes in property and directors and officers (D&O) insurance. The Pacific […]

Why The Fed Needs To Pay Attention To The ‘Amazon Effect’ On Online Pricing | Forbes

Why The Fed Needs To Pay Attention To The ‘Amazon Effect’ On Online Pricing | Forbes

It’s no secret that fierce competition from Amazon puts downward pressure on prices charged by Walmart and other big multichannel retailers for the same items. However, the bigger “Amazon effect” relates not to the prices themselves but to the pricing behaviors of these more traditional retailers, according to Alberto Cavallo, the Edgerley Family Associate Professor […]

Bitcoin Price Boom Signals Massive Dystopian Panic Over 2019 Recession | CCN

Bitcoin Price Boom Signals Massive Dystopian Panic Over 2019 Recession | CCN

Interestingly enough, Hartnett says global investors are investing in bitcoin not because they see it as a safe haven asset in times of instability but because they are seeking high-risk, high-reward investments. He argues the effect of low-interest rates since 2008 on bond yields has left investors starved of profits, sending them into a global […]