Consumer prices jumped 4.3% in August from a year earlier, the fastest such increase in three decades.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Stocks end mixed on Wall Street, but still notch weekly gains
Investors have been reviewing corporate earnings over the last two weeks and the mostly solid results have helped stocks generally grind higher.
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Posted inBusiness, Nation & World
Stock tied to Trump media venture soars amid new frenzy
The new enterprise, with the former president as its chairman, aims to challenge Facebook, Twitter and even Disney’s streaming video service.
Posted inBusiness, Local & State
Maine CDC urges disposal of Hardie’s crabmeat over salmonella infections
Four Mainers and one New Hampshire resident contracted salmonellosis after eating crabmeat from Hardie’s Crabmeat in Deer Isle, the CDC said.
Posted inBusiness, Local & State, News, Outdoors, Sports
Shawnee Peak ski area in Bridgton sold to Boyne Resorts
The acquisition gives the Michigan-based company four New England resorts in an extensive portfolio that includes Sunday River and Sugarloaf in Maine.
Posted inBusiness, Local & State, News
Maine’s job recovery stalled in September as COVID-19 surged
Maine’s workforce shrank last month, even as thousands of people lost access to enhanced federal unemployment aid.
Posted inBusiness, Nation & World, News
U.S. budget deficit hits $2.77 trillion in 2021, 2nd highest on record
Before the deficit ballooned during two years of a global pandemic, the biggest deficit had been a shortfall of $1.4 trillion, in 2009.
Posted inBusiness, Local & State
Maine’s top elected officials urge feds to throw out new lobstering rules
Gov. Janet Mills and all four members of Maine’s congressional delegation signed the letter to a top regulator urging the policy change.
Posted inBusiness, Local & State
Maine to give $5.6 million to businesses hurt by closure of Canadian border
The state will disburse federal CARES Act funds to charter transportation companies and other companies disrupted by the closure of the U.S. border with Canada.
Posted inBusiness
Consumer watchdog to probe Big Tech payment systems
‘Big Tech companies are eagerly expanding their empires to gain greater control and insight into our spending habits,’ the new director of the Consumer Financial Protection Bureau says.