Chipotle shares jump after price-hike over inflation costs
Chipotle Mexican Grill announced Wednesday that it has raised menu prices by about 2% as the burrito chain combats rising ingredient costs amid an uncertain demand environment for U.S. restaurants. The stock rose 5% to $63.99. The stock is up 42% this year. Prices for key ingredients such as dairy products, beef and avocados have […]
Amazon price-hike tool revealed in FTC filing
Algorithm — Codename: “Project Nessie” — used by Amazon from 2015 to 2019. Newly unedited parts Regarding the FTC’s antitrust lawsuit against the e-commerce giant. Amazon allegedly used Project Nessie to predict whether other online stores would do so. follow that lead Regarding price increases for various products. With this information in hand, Amazon will: […]
