Supply/Demand/Prices
US sues Pepsi over exclusive discounts to Walmart
(Reuters) -The U.S. Federal Trade Commission sued PepsiCo on Friday for offering preferential pricing to a large retailer, whom a source familiar with the matter confirmed was Walmart. The practices fed high consumer prices by placing at a disadvantage other retailers, from large grocery chains to independent convenience stores, the FTC said. "PepsiCo strongly disputes the FTC's allegations, and the partisan manner in which the suit was filed," the company said in a statement.
Higher costs and low base fares send Delta's profit down 29%. The airline still earned $1.31 billion
Americans are traveling in record numbers this summer, but Delta Air Lines says it saw second-quarter profit drop 29% due to higher costs and discounting of base-level fares across the industry.
An Economic Perspective on Service Fees
Service charges added to restaurant bills are a little different since they’re often applied in the context of some increased cost that the restaurant has incurred. So then why don’t restaurants just increase the prices of the dishes instead? Well, there’s some solid economic reasoning behind this growing trend.
NY Gov Hochul delays controversial NYC congestion pricing plan ‘indefinitely’ | CNN Business
New York Governor Kathy Hochul announced Wednesday she is indefinitely delaying the implementation of congestion pricing in New York City’s borough of Manhattan just weeks before the plan was set to take effect, dealing a major blow to transportation advocates who have spent decades pushing for the deal and a win for several opponents of the plan who say the toll is a regressive tax on commuters.