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.
inflation
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.
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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, Maine, 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.’
Posted inBusiness, Nation & World
Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates
The resulting higher borrowing costs helped bring inflation down – from a peak of 9.1% in June 2022 to 3.2% last month.
Posted inBusiness, Nation & World
Not so sweet: Easter shrinkflation hits chocolate aisle as cocoa surges
Even though prices are higher, now may not be a bad time to start stockpiling some treats – especially in the week after Easter when leftover holiday goodies go on sale.