The price of clothes, food and just about everything else has soared this year as the global economy emerges from a pandemic uppercut, and the retail chain has not been untouched.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
From paints to plastics, a chemical shortage ignites prices
Like other manufacturers, petrochemical companies have been shaken by the pandemic and by how consumers and businesses responded to it.
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Posted inBusiness, Maine
Maine Legislature threatens legal action over federal lobstering restrictions
Lawmakers voted Wednesday to fight the federal government in court over new rules intended to protect endangered North Atlantic right whales.
Posted inBusiness, Nation & World
Powell defends Fed policies, but says inflation may persist
Criticism of the central bank has grown in recent months as inflation has jumped to 30-year highs.
Posted inBusiness, Nation & World
YouTube will block videos with misinformation about vaccines
The video-sharing platform says it will no longer allow users to baselessly speculate that approved vaccines, like the ones given to prevent the flu or measles, are dangerous or cause diseases.
Posted inBusiness
Consumer confidence slides for 3rd consecutive month
Worries about the coronavirus and concerns about inflation dampen sentiment.
Posted inBusiness
Ford goes all-in on electric vehicles with massive multibillion-dollar investment
Two plants will be built in Kentucky, one in Tennessee.
Posted inBusiness, Nation & World
Cherokee Nation reaches $75 million settlement with 3 drug companies
The settlement will be paid out over 6 1/2 years.
Posted inBusiness
Spike in bond yields spooks investors, deflates tech stocks
The S&P 500 and the Nasdaq have their biggest drop in months.
Posted inBusiness, Nation & World
Yellen says infrastructure overhaul will U.S. boost economy
The Treasury secretary calls on Congress to support the Biden administration’s $3.5 trillion ‘Build Back Better’ initiative.