As COVID-19 reshapes our economy, our newsletter will help you unpack the news from the day.
Coronavirus household shortages, explained.
The company says it has recently blocked or removed tens of thousands of listings for such products, like face masks and hand sanitizer.
Brazilian President Dilma Rousseff convenes a committee to monitor prices and service ahead of next year’s World Cup to head off price gouging. But for retailers, there’s a fine line between appropriately responding to increased demand and taking advantage.
New York and New Jersey will end gas rationing programs that were put place in some areas post-Sandy. As demand continues to outstrip supply, some people are going to extreme measures to find or steal gas.
Price-gouging during natural disaster is illegal, and New Jersey is prosecuting some gas stations after Hurricane Sandy. But gouging also is a means for distributing more broadly, because it discourages hoarding.