Like the president, the Fed wants to slow inflation without knocking the U.S. economy into recession, a highly sensitive mission.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine Cannabis Report
New Jersey sees $24 million in marijuana sales in first month, grants new licenses
Nearly a dozen new retailers are approved at regulators’ first public meeting since since the market opened.
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Posted inBusiness, Nation & World
EU leaders, divided over Russia oil embargo, seek a solution
The EU gets about 40 percent of its natural gas and 25 percent of its oil from Russia.
Posted inBusiness, Nation & World
U.S. gasoline prices surge to fresh record in another blow to drivers
Average retail prices in the U.S. reached $4.619 per gallon as of Monday.
Posted inBusiness, Kennebec Journal, Maine
Summer ushers in new, expanded eateries in central Maine
The unofficial start of summer and what many hope are the later phases of the COVID-19 pandemic are setting the stage for residents and visitors to enjoy an expanded roster of restaurants, food trucks and tasting rooms.
Posted inBusiness, Nation & World
Fed’s Waller backs half-point rate hikes at ‘several’ meetings
U.S. central bankers raised rates by a half point this month to cool the hottest inflation in 40 years and have signaled they’ll hike by the same amount again at their meetings in June and July.
Posted inBusiness, Maine
New unions in Portland make racial justice a top priority
Young, progressive workers say they want enforceable contracts that reflect management’s pledges of support for diversity, equity and inclusion.
Posted inBusiness, Food & Dining, Maine
No shell, big shock: Maine lobster rolls fetch record prices this season
Lobster lovers can expect to pay in excess of $40 for a single roll at some of the state’s most popular summer eateries. The average price is closer to $30.
Posted inBusiness, Maine
Under pressure: Maine lobster processors embrace tech to create new menu items
Processors say high pressure opens up new product options, saves consumers from the hassle of shell removal and cuts down on labor at the processing plant.
Posted inBusiness, News
Central Maine business briefs: DFD Russell Medical Centers welcomes 2 family nurse practitioners
People & Places: Maine Tourism Association celebrates milestone, inducts employees into Hall of Fame