The jump in inflation this year reflects higher prices for food and energy and a number of other items from furniture to autos.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Maine jobless claims rise as U.S. claims fall to lowest level of pandemic
Hiring has slowed in the past two months, even as employers have posted a near-record number of open jobs.
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Posted inBusiness
Fed officials: Bond purchases could end by middle of 2022
The board is widely expected to announce the tapering at its next meeting, held Nov. 2-3.
Posted inArts & Entertainment, Business, Nation & World
Hollywood crews say they will strike Monday if there is no agreement
A walkout would bring film and television productions across the country to a standstill.
Posted inBusiness, Nation & World
Facebook expanding harassment, bullying policies
Protections will extend to public figures, government dissidents, journalists and human rights activists.
Posted inBusiness, Nation & World
U.S., 30 nations discuss global cybersecurity – without Russia
The country that hosts many of the criminal syndicates behind ransomware attacks is not invited.
Posted inBusiness
Modest gain breaks a 3-day losing streak for S&P 500
Stocks end another day of choppy trading modestly higher.
Posted inBusiness, Nation & World
Biden announces deal to have LA port open 24/7
Ports in Los Angeles and Long Beach account for 40% of all shipping containers entering the U.S.
Posted inBusiness, Nation & World
Border residents rejoice as U.S. says it will reopen land borders
New rules will allow fully vaccinated foreign nationals to enter the country, regardless of the reason, starting in early November.
Posted inBusiness, Kennebec Journal, Maine
Frustration erupts over lack of detail in controversial Gardiner housing development plan
More than a year after developer Paul Boghossian first introduced his plan to redevelop the former Gardiner Family Medicine site, the city’s Planning Board members say they don’t have clear idea of what the project entails.