Americans stepped up their purchases at retailers last month as low unemployment, steady pay gains and rising stock and home values helped sustain their willingness to spend despite higher prices.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Food & Dining
CO2 shortages led Maine breweries to adopt this sustainable solution
Three breweries in Maine have installed equipment to collect the gas during the fermentation process, giving them control over the supply of CO2 and reducing their carbon footprint.
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Posted inBusiness, Nation & World
New ‘click-to-cancel’ rule will end subscription, membership traps
The Federal Trade Commission said businesses must disclose when free trials or other promotional offers will end and let customers end recurring subscriptions as easily as they started them.
Posted inBusiness, Local & State, News
Electricity Maine ordered to refund $6 million to customers
State regulators also imposed a $315,000 penalty against the Houston company for overbilling and temporarily capped how much it can charge customers.
Posted inBusiness, Nation & World, News
Amazon, Google make dueling nuclear investments to power data centers
Tech giants Amazon and Google are investing in the next generation of nuclear reactors.
Posted inBusiness, Nation & World
What’s behind the widening gender wage gap in the U.S.?
Many women have paid a price for leaving the workforce at the height of the COVID-19 pandemic, either because they lost their jobs or because they quit because of caretaking responsibilities.
Posted inBusiness, Local & State, News
Lifespan of Maine’s 207 area code extended again
The area code that serves the entire state is now expected to expire in the summer of 2036.
Posted inBusiness, Election 2024, Politics
Trump’s economic plans would worsen inflation, experts say
Donald Trump has vowed that if voters return him to the White House, ‘inflation will vanish completely.’
Posted inBusiness, Nation & World, News
USDA launches internal investigation into how it handled the deadly Boar’s Head outbreak
USDA Inspector General Phyllis Fong is looking into how federal investigators and state inspectors responded to dozens of reports of problems including mold, insects, dripping water and meat and fat residue on walls, floors and equipment.
Posted inBusiness, Nation & World, News
Walgreens to close 1,200 U.S. stores as chain attempts to steady operations
A Walgreens spokesperson did not immediately respond to questions about whether any Maine stores would be included in the closures.