By Shivansh Tiwary (Reuters) -Southwest Airlines flagged ongoing struggles with pricing in its second quarter on Wednesday, despite expectations for record summer travel demand in the United States. The low-cost carrier lowered its expectations for revenue per available seat miles (RASM) – a key proxy for pricing power – even though it expects record revenue […]
Pennsylvania Sen. Bob Casey has sent letters to Amazon, Target and Walmart over concerns that pricing decisions made at the retail giants since the pandemic may have been driven by aggressive push for profits at the expense of everyday Americans’ wallets. Casey, a three-term Democrat who is in a tight re–election battle that could tip […]
ALBANY, New York — A solid plurality of voters approve of Gov. Kathy Hochul’s decision to pause the implementation of congestion pricing, a Siena College Research Institute poll released Thursday morning found. But that doesn’t make them any more favorable to the Democratic governor, whose approval numbers fell slightly from the last Siena poll, to […]
By Jonathan Stempel (Reuters) – Walmart, the world’s largest retailer, has agreed to pay $1.64 million to settle regulatory charges that its 64 New Jersey stores employed illegal pricing practices that made it hard for consumers to comparison-shop. Matthew Platkin, New Jersey’s attorney general, said on Tuesday that the settlement includes a $1.62 million civil […]
Wherever I go across the Hudson Valley, the number one challenge I hear from people is the tremendous financial pressure they are under right now. Elected officials at all levels need to do everything they can to lower costs across the board — from housing to groceries to transportation. That’s why, since day one, I’ve […]
NEW YORK — Gov. Kathy Hochul is facing political consequences for her congestion pricing reversal. Two weeks after she yanked support for a controversial New York City tolling plan, fellow Democrats and left-leaning activists are casting about for potential challengers to one of the nation’s most prominent governors — one who has positioned herself as […]
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For Senate Majority Leader Andrea Stewart-Cousins, news of Gov. Kathy Hochul’s stunning decision to pause the long-awaited congestion pricing plan in Manhattan came last Tuesday in a phone call from the governor in the final days of the 2024 legislative session. Stewart-Cousins, D-Yonkers, had heard rumblings of Hochul’s growing trepidation about congestion pricing, not long […]
Former President Trump attempted to take credit for insulin pricing in a post on Truth Social Saturday. “Low INSULIN PRICING was gotten for millions of Americans by me, and the Trump Administration, not by Crooked [President Biden,]” Trump said in the Truth Social post. “He had NOTHING to do with it. It was all done […]
State lawmakers are scrambling to plug the $1 billion hole created by Gov. Hochul pulling the plug on congestion pricing, but at least six state senators, all New York City Democrats, have signaled they oppose the latest proposal As the legislative session in Albany comes to a close, lawmakers have extended their session and are […]
The thing about America is, it is full of Americans. Even in Manhattan, where, in spite of what you might have heard, the local political realities are not so different from what they are in the rest of the country. New York had a big idea—it was going to impose “congestion pricing,” meaning a $15 […]
An 11th-hour decision to halt a plan to charge a fee for cars entering the heart of New York City has provoked outrage from environmental advocates and Democratic lawmakers, potentially scuppering hopes of congestion pricing taking hold in any US city in the near future. New York City was, on 30 June, primed to be […]