The U.S. baby formula shortage stemmed from a safety recall and supply disruptions and has captured national attention with panicked parents looking to swap and buy formula online.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World
Stocks rally, but still mark their 6th straight losing week
Markets have been slumping since late March as traders worry that the Federal Reserve may not succeed in its delicate mission of slowing the economy enough to rein in the highest inflation in 4 decades without causing a recession.
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Posted inBusiness, Nation & World, Uncategorized
Russian pipeline sanctions raise fears of gas interruption
European gas prices have risen after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe via a pipeline in Poland, citing new sanctions that Moscow imposed on European energy companies.
Posted inBusiness, Nation & World, News
New Yorkers, Floridians pay most – and Mainers least – for auto insurance
The tally, based on Bankrate.com’s annual report, compared what 40-year-old drivers with clean driving records and good credit pay across all 50 U.S. states and Washington D.C.
Posted inBusiness, Health, Maine
Maine children getting access to virtual dental services
The children become patients with a dental practice but receive care in school and primary care settings.
Posted inBusiness, Nation & World
A record number of skiers hit U.S. slopes in 2021-2022 season
The Northeast is among the regions that reported increases in skier visits from the previous year.
Posted inBusiness, Maine
Biddeford Starbucks workers first in Maine to file petition to unionize
In a letter to the Starbucks CEO, the Biddeford employees say they are underpaid and overworked.
Posted inBusiness, News
Musk says Twitter purchase ‘on hold,’ casting doubt on $44 billion deal
The announcement that the Tesla billionaire tweeted is another twist amid signs of internal turmoil over his planned buyout of Twitter.
Posted inBusiness, Uncategorized
Senate confirms Powell for 2nd term as Federal Reserve chair
The vote gives bipartisan backing to Jerome Powell’s high-stakes efforts to curb the highest inflation in four decades.
Posted inBusiness, Uncategorized
U.S. producer prices surge 11% in April as food prices jump
The hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead.