Some economists suggest that inflation is at or near its peak, but it could take time to come back down.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Wheat closes at the highest since late March on supply worries
The U.S. Department of Agriculture and United Nations cut their outlooks for Ukrainian corn shipments on Friday.
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Posted inBusiness, Local & State
Lawmakers quietly shelve bill to double motor vehicle inspection fee
The House killed the bill without discussion Monday after Gov. Janet Mills threatened to veto it and the Senate voted to table it indefinitely.
Posted inBusiness
Efforts to make protective medical gear in U.S. on life support
The push to make personal protective equipment in the U.S. is running out of steam after an initial surge at the start of the coronavirus pandemic.
Posted inBusiness
Etsy sellers protest fees by halting their sales for a week
Starting Monday, Etsy sellers must pay a 6.5% commission on each transaction, up from the 5% in place since 2018.
Posted inBusiness
Stocks fall on Wall Street, led by slump in tech companies
Stocks fell on Wall Street Monday, extending a losing streak from last week.
Posted inBusiness, Nation & World, News
Elon Musk won’t join Twitter’s board after all
The Tesla CEO was named to the board last week after snapping up $3 billion worth of stock, making him the company’s largest stakeholder.
Posted inBusiness, Maine Cannabis Report
Massachusetts lawmakers advance bill to help cash-strapped cannabis entrepreneurs
It would create a social equity fund for people who want to get into the industry, but lack the capital access to do so.
Posted inBusiness, Uncategorized
Once a retail giant, Kmart down to 3 stores after New Jersey closing
When the Kmart in Avenel, New Jersey, closes its doors on April 16, it will leave only three remaining U.S. locations for the former retail powerhouse
Posted inBusiness, Local & State
Co-op advocates push for more community-owned solar farms
Maine’s solar energy landscape is dominated by large, out-of-state corporations. Advocates for cooperative ownership say there’s a better way.