Most economists say corporate price gouging is, at most, one of many causes of runaway inflation – and not the primary one.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State
Maine’s marijuana industry booming no thanks to banks
Owners must use cash and other workarounds as a reluctant financial industry worries about federal retribution
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Posted inBusiness, Nation & World
Abortion ruling thrusts companies into divisive arena
Some say they will reimburse employees who must travel out of state to get an abortion.
Posted inBusiness, Nation & World, Politics
Biden’s mission in Europe: Shore up alliance against Russia
He will first join a meeting of the Group of Seven, then attend a summit with leaders of the 30 NATO countries.
Posted inBusiness, Nation & World
Airlines shift blame for flight problems to FAA
They say understaffing at the agency is ‘crippling’ traffic along the East Coast.
Posted inBusiness, News
Central Maine business briefs: Maine Osteopathic Association honors Maine DOs at convention
People & Places: SCORE honors central Maine businesses.
Posted inBusiness, Nation & World
United Airlines pilots in line for big raises amid global travel disruptions
The Air Line Pilots Association said Friday that the council overseeing relations with United approved a tentative two-year agreement that covers about 14,000 of the airline’s pilots.
Posted inBusiness, Nation & World
Stocks rally, driving Wall Street to a rare winning week
Parts of the U.S. economy are still red-hot, particularly the jobs market, but some discouraging signals have emerged recently.
Posted inBusiness, Local & State
Maine issues last half of nearly $120 million in relief funding to municipalities
The pandemic relief money, provided through the American Rescue Plan Act, was distributed proportionally based on population.
Posted inBusiness, Nation & World
After Roe ruling, Democrats seek probe of tech companies’ use of personal data
Privacy experts say the ruling could make women vulnerable because their personal data could be used to surveil pregnancies and be shared with police or sold to vigilantes.