Amazon urged Congress on Wednesday (May 13) to enact legislation to prohibit price gouging during times of national emergency, Reuters reported. Brian Huseman, a vice president of public policy at Amazon, said in a blog post that each of the nation’s states have different rules...
Food delivery apps GrubHub, DoorDash, Postmates and Uber Eats were named in a class-action lawsuit filed in Manhattan federal court that alleges price gouging during the coronavirus pandemic as well as before. Additional service fees charged to restaurants will result in higher menu prices that...
For all that has changed dramatically in the last several weeks due to the coronavirus pandemic, consumers are still looking for the same two core offerings in every transaction, no matter what it is or where it takes place: seamlessness and security. An awful lot...
As the COVID-19 virus continues to spread in the U.S. and the measures to contain it become more drastic and more strictly enforced, consumers are understandably worried. According to the data in PYMNTS’ COVID-19 Brief series, which surveys a little more than 2,000 consumers on their...
April 13, 2020
For all that has changed dramatically in the last several weeks due to the coronavirus pandemic, consumers are still looking for the same two core offerings in every transaction, no matter what it is or where it takes place: seamlessness and security. An awful lot of other things have changed all around that core, however. […]
March 16, 2020
Hoarding is never pretty, and rationing goods in response to hoarding is never pretty either. The eventual impact to manufacturers and retailers’ bottom lines? Well, that may be less that...
April 25, 2022
Emmerson Mnangagwa, president of Zimbabwe, has said banks and companies engaging in local currency manipulation and unjustifiable price increases might be at risk of losing their operating licenses, Bloomberg reported Sunday (April 24). The government said has found the entities responsible. Now, the administration is looking into methods to deal with those responsible. “These economic players […]
May 13, 2020
Amazon urged Congress on Wednesday (May 13) to enact legislation to prohibit price gouging during times of national emergency, Reuters reported. Brian Huseman, a vice president of public policy at...
April 14, 2020
Food delivery apps GrubHub, DoorDash, Postmates and Uber Eats were named in a class-action lawsuit filed in Manhattan federal court that alleges price gouging during the coronavirus pandemic as well...
March 12, 2020
The antitrust watchdog in Italy has opened an investigation into Amazon and eBay over allegations that the companies upped the prices of things like hand sanitizers amid the ongoing coronavirus...
