Fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Explainer: Why are fears of high inflation getting worse?
Rising prices are resurrecting fears of an economic threat that has all but disappeared over the past generation: runaway inflation.
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Posted inBusiness, Maine, News, Politics
Committee unanimously endorses bill requiring disclosure of ‘forever chemicals’ in products
Lawmakers in both parties embraced the bill on the same day Gov. Janet Mills proposed spending an additional $40 million to address PFAS contamination in Maine.
Posted inBusiness, Maine
Fuel pipeline shutdown unlikely to affect Maine
Maine and New England do not depend on the Colonial Pipeline, a major East Coast source of gasoline and other fuels that shut down last week after a cyber attack but restarted Wednesday.
Posted inBusiness, Nation & World
Stocks sink again on Wall Street over fears of inflation
Tech giants, which had soared during the past year of lockdowns, take some of the biggest losses as the Dow sheds more than 680 points.
Posted inBusiness, Nation & World
Colonial Pipeline restarts operations days after major hack
But it will take several days for deliveries to return to normal, the company says.
Posted inBusiness, Nation & World, News
Average gas prices in U.S. reach $3 a gallon for the first time since 2014
Costs have been on the rise since a cyberattack forced Colonial Pipeline to temporarily shut down operations.
Posted inBusiness, Maine, News
UPS drivers in Maine picket over long hours during pandemic
‘They are working Christmas hours and they’ve been doing this for 14 months straight,’ one of the protest organizers said.
Posted inBusiness, Nation & World, News
Consumer prices shoot up as inflation worries escalate
Wednesday’s report from the Labor Department showed sharply higher prices for everything from food and clothes to housing.
Posted inBusiness, Maine, News
Program will train aquaculture workforce in Maine as industry grows
Washington County Community College and the Maine Aquaculture Innovation Center have received a $500,000 USDA grant to develop aquaculture-specific training.