Since the pandemic, employers – particularly in major cities – have been struggling to get their workers to return to the office, while others have given up and allowed workers to go fully remote.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Federal Reserve leaves interest rates unchanged for 1st time in 15 months
The board of the central bank sees progress on inflation, but says it envisions 2 more rate increases this year.
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Posted inBusiness
There’s a widening spending gap between retirees and younger adults
Older Americans are splurging more on travel and dining out than younger consumers, who are spending more on housing and basics, according to a new report.
Posted inBusiness, News, Schools and Education
It’s almost time to resume student loan payments. Not doing so could cost you
More than 40 million Americans will have to start making federal student loan payments again at the end of the summer under the terms of a debt ceiling deal approved by Congress.
Posted inBusiness, Nation & World, News
Google must break up digital ad business over competition concerns, European regulators say
It’s the first time the EU has told a tech giant that it must split up key parts of its business over violations of its strict antitrust laws.
Posted inBusiness, Food
The Wrap: Book bar and cafe delays opening; South Freeport Village Market reopens
Also, Little Pig soft-launches with ‘Thai-ish’ pop-ups; The Wurst Week Ever features an Old Port hot dog crawl; and more.
Posted inBusiness, Nation & World, News
Cases of check fraud escalate dramatically, with Americans warned not to mail checks if possible
The activity is fueled by a rise in organized crime that is forcing small businesses and individuals to take additional safety measures or to avoid sending checks through the mail altogether.
Posted inBusiness, Nation & World
Temu sells products in U.S. linked to forced labor in China, analysis shows
The analysis found at least 10 items made or sold by businesses located in Xinjiang that are also available in the U.S. on Temu, where their company links and origins are obscured.
Posted inBusiness, Maine
Winter grid concerns bringing federal energy agency to Portland
The high cost of shipping imported liquefied natural gas through a terminal in Massachusetts is a key factor that drove Maine’s electricity rates to record levels last winter.
Posted inBusiness, Maine, News
Rate hike approvals add to rising bills for CMP, Versant customers
The PUC approved an increase tied to renewable energy policies that will combine with a previous rate hike to raise an average CMP customer’s bill by more than $10 a month beginning July 1.