Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Falling wholesale prices put squeeze on Maine lobstermen
Prices are about half what they were a year ago and lobstermen face higher costs for everything from fuel to rope, prompting some to cut back on how often they haul their traps.
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Posted inBusiness, Nation & World, News
U.S. inflation surged again in June, raising risks for economy
Lower-income and Black and Hispanic Americans have been hit especially hard.
Posted inBusiness, Nation & World, News
U.S., allies aim to cap Russian oil prices to hinder invasion
Leaders of the Group of Seven industrial nations have tentatively agreed to back a cap on the price of Russian oil, the main pillar of the Kremlin’s financial revenue.
Posted inBusiness, Nation & World, New England
Lawsuit: Rhode Island cleaning service fired woman because she was pregnant
The woman says she was asked about her pregnancy at an orientation for new hires and was then told she couldn’t keep the job because of its “physical demands.”
Posted inBusiness, Lewiston-Auburn, News
Remote worker habits that might make you cringe
Nearly a third admit to being drunk or high at work
Posted inBusiness, Nation & World
FBI warns of spike in rental and real estate scams
The FBI Boston office issued a warning Tuesday about a jump in scams connected to the rental and real estate markets.
Posted inBusiness, Nation & World, News
Twitter sues to force Musk to complete his $44 billion acquisition
Twitter says it has filed a lawsuit ‘to hold Elon Musk accountable to his contractual obligations.’
Posted inBusiness
High UAE gas prices stand out where cheap fuel was the norm
Dubai has benefited from an influx of wealthy Russians since the war on Ukraine, but the recent price surge in the tiny nation has shown the region isn’t immune to global market forces.
Posted inBusiness, News
Big employers are offering abortion benefits. Will the information stay safe?
Some regulations protect parts of a patient’s private life, but a law enforcement officer with a search warrant could ultimately gain access to data.