An array of federal regulators, Democratic lawmakers and think tanks contend that large retailers have kept prices artificially high.
inflation
Posted inBusiness
Target reports sales decline as discretionary spending remains tepid
U.S. consumers remain resilient, though the broader environment remains complicated and challenging, executives said.
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Posted inBusiness, Health, Local & State
As demand to insure pets grows in Maine, employers are starting to offer coverage
Maine companies don’t contribute to expenses, but some offer group coverage plans. Many in the veterinary industry, where prices keep rising, say it’s worth the cost.
Posted inBusiness, Nation & World
Walmart’s strong first quarter driven by Americans seeking bargains as inflation remains an issue
Walmart reported another quarter of strong results Thursday as its low prices pull in shoppers scouring for discounts with inflation stubbornly high.
Posted inBusiness
Inflation improved slightly in April, with timing for rate cuts still uncertain
The Federal Reserve had been getting ready to lower interest rates this year. The past few months complicated those hopes.
Posted inBusiness, Nation & World, Politics
Inflation is overshadowing U.S. economic resilience, hurting Biden
Most economists say the underlying momentum of the U.S. economy remains strong. But growth and jobs – which have been surprisingly sturdy – have generated little tangible benefit to Biden’s hopes for reelection.
Posted inBusiness, Local & State, News
Casco Bay Lines OKs first rate hike in 15 years, and it’s a big one – for tourists
Pending PUC approval, the ferry service will increase single, round-trip ticket prices 82% on June 1, while lowering prices for longer-term passes, benefiting residents and people who work on the islands.
Posted inBusiness, Nation & World, News
Retail sales surge 0.7% in March as Americans seem unfazed by higher prices
The snapshot offers only a partial look at consumer spending and doesn’t include many services, including travel and hotel lodges. But the lone services category – restaurants – registered an uptick of 0.4%.
Posted inBusiness, Nation & World
When will Fed cut rates? As economy flexes, maybe later or not at all
Friday’s blockbuster jobs report for March reinforced the notion that the economy is managing quite nicely on its own.
Posted inBusiness
Who wouldn’t like prices to start falling? Careful what you wish for, economists say
‘There are,’ the Bank of England warns, ‘more consequences from falling prices than meets the eye.’