Part of it is because of pandemic trends that have never abated. Shipping delays also remain an obstacle for retailers.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Fed chair: High inflation poses a threat to job market
Millions of Americans have retired early, or are avoiding jobs because of fear of COVID-19 and Jerome Powell says the central bank had anticipated that more of those people would return to the workforce than have done so.
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Posted inBusiness, Maine
Maine PUC staff recommends lifting CMP’s penalty for poor service
The Public Utilities Commission hasn’t set a date to consider the recommendation and is still receiving information in the case.
Posted inBusiness, Food & Dining, Maine
Maine might permanently let restaurants sell to-go alcohol
The businesses have been able to sell alcohol through takeout and delivery during the COVID-19 pandemic if it’s accompanied by a food order.
Posted inBusiness, Maine
Legislative committee endorses Gov. Mills’ nominee for public advocate
Longtime utility lawyer William Harwood’s nomination now goes to the Maine Senate for a likely confirmation.
Posted inBusiness, Maine, News
Omicron surge exacerbates challenges in the workplace
The infectious variant has forced employers to shut their doors temporarily, sent students back to remote education and limited critical social and public safety services.
Posted inBusiness, Nation & World
Has Fed waited too long to fight inflation?
On Wednesday, the government is expected to report that consumer prices jumped 7.1 percent over the past 12 months, which would be the steepest such increase in decades.
Posted inBusiness, Maine
Solar industry, CMP reach settlement over connection delays
The agreement would require CMP to spend $700,000 in shareholders’ money to help speed grid connections.
Posted inBusiness
‘Grand Theft Auto’ maker buys Zynga for $12.7 billion
The acquisition would wed a powerhouse in console gaming, Take-Two, with a mobile gaming company with an almost cult-like following.
Posted inBusiness, Nation & World
Tax season begins two weeks early because of virus, IRS funding
This year’s tax filing season will begin on Jan. 24.