Supply/Demand/Prices

A study found the online retail giant was using AI to set prices

This is the story of a little piece of technology that has delivered enormous benefits to consumers — and is in danger of disappearing. It’s called the price tag. Yes, the price tag. Businesses increasingly are using algorithms to determine prices, and to rapidly adjust those prices throughout the day. This new technology is called dynamic pricing, and it’s poised to change the way businesses set and advertise their prices. Think of the ever-changing electronic signs at gas stations, but for everything. Businesses can use dynamic pricing to deliver better deals to customers. But they also are using the new technology to jack up prices. As the video says, the humble price tag “was like a little handshake. It represented an agreement, one price for every customer. But now that agreement is breaking.” And we are all going to pay. More from Opinion Video: https://www.nytimes.com/spotlight/opinion-video Subscribe: http://bit.ly/U8Ys7n ---------- Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It's all the news that's fit to watch.

Sales are softening at big chains and independent shops aren’t selling as many extras. Competition, diet trends and consumer anxiety may all be playing a part.

Did you know that Costco has secret pricing codes on its tags? Here's how to decode them—and save a bundle.

Morning Brew delivers quick and insightful updates about the business world every day of the week from Wall St. to Silicon Valley.

These price-tracking tools will tell you if you're getting a good deal or not by comparing the current price to its historical prices.

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Delta Air Lines said on Friday it will not use artificial intelligence to set personalized ticket prices for passengers after facing sharp criticism from U.S. lawmakers and broad public concern.

“There is no fare product Delta has ever used, is testing or plans to use that targets customers with individualized prices based on personal data,” the airline told senators Friday.

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The airline is looking to get rid of static pricing altogether.

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Recently, a post from President Trump on Truth Social went viral. An attempt to convince retail giant Walmart to keep prices down despite the tariffs, it read:

New York City’s experience with congestion pricing, even if imperfectly structured, is a testament to spontaneous order—a real-world experiment showing the “marvel” of prices, as F. A. Hayek described it.

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City officials ordered three downtown parking lots closed for allegedly charging $999 per parking spot during Saturday's Detroit Lions playoff game.

(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.

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The real Mouse-heads might not care...