Many soon-to-be retirees are also terrified about inflation. Social Security has a built-in adjustment, but it doesn’t keep up with real inflation.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
State board to take up power line permit appeal in mid-July
The Maine Board of Environmental Protection rescheduled the meetings, originally set for this month, because of COVID-19 concerns.
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Posted inBusiness, Nation & World
World Food Program chief challenges billionaires ‘to step up’
A new study projects that nearly 1.9 billion people could face food insecurity by November.
Posted inBusiness, Nation & World
Biden launches trade deal with 12 Indo-Pacific nations
The pact aims to help the economies work more closely on supply chains, digital trade, clean energy, worker protections and anti-corruption efforts.
Posted inBusiness
Wall Street ends higher after 7 straight weeks of losses
The benchmark S&P 500 is coming off its longest weekly losing streak since the dot-com bubble was deflating in 2001.
Posted inBusiness, New England
Company fined $27,000 after Vermont zip line death
The Stowe Mountain Resort employee was traveling over 80 mph when he hit the platform.
Posted inBusiness
Starbucks leaving Russian market, shutting 130 stores
The company will continue to pay its nearly 2,000 employees for six months and help them transition to new jobs.
Posted inBusiness
Amazon will sublease warehouses as online shopping slows
The e-commerce giant doubled the size of its operations during the pandemic.
Posted inBusiness, New England
Rhode Island AG withdraws objection to utility deal
The state’s main electricity and gas provider will be sold to a Pennsylvania-based corporation.
Posted inBusiness, Nation & World
U.S. Treasury set to push Russia closer to default
Should Russia’s creditors declare a default, the work-out would likely be lengthy and could involve the courts.