They’re being barraged by diverging economic messages that have many wondering what to do next. The U.S. economy shrank for a second quarter in a row, reviving fears that the country might be entering a recession.
economy
Posted inBusiness
Job openings eased in June, reflecting early signs of slowdown
Americans still quit at the same elevated rate as the last few months.
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Posted inEditorials, Opinion
Our View: White House reassurance on recession should not be taken at its word
Lack of consensus on America’s economic prospects makes it best to err on the side of caution.
Posted inBusiness, Food, Local & State
Expect higher costs, more closures as seasonal worker shortage strains Maine restaurants
Overburdened and understaffed restaurant owners consider wage and menu price hikes to stay in business.
Posted inBusiness, Nation & World
Slump for tech chops off chunk of Wall Street’s winning week
Wall Street gave back some of its strong gains from the week on Friday following discouraging readings on the global economy.
Posted inBusiness, Nation & World
U.S. economy slipped 1.6% to start year, but growth is expected to return
It was the first drop in gross domestic product – the broadest measure of economic output – since the second quarter of 2020, in the depths of the COVID-19 recession.
Posted inBusiness
Stocks slide on Wall Street as inflation worries persist
The indexes got off to a solid start on Tuesday, but gains faded by midday on consumer confidence news.
Posted inBusiness
The comedown: After stimulus boom, Americans face darkening economy
Pandemic-era aid ended as prices spiked – and now the middle class is feeling squeezed again.
Posted inBusiness, Local & State
Average gas price in Maine nears $5 a gallon
‘I want them to install crying towels here,’ said one gas station customer, with per-gallon prices up nearly $2 from a year ago and likely to continue climbing.
Posted inOp-eds, Opinion
Commentary: Governments should stop trying to make gasoline cheaper
Fuel prices will keep rising unless demand comes down. Policymakers are prolonging the pain by pushing people toward the pump.