Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
U.S. inflation reaches lowest point in 3 years, though some price pressures remain
Consumer prices rose just 2.4% in September from a year earlier, down from 2.5% in August, and the smallest annual rise since February 2021.
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Posted inBusiness, Maine, News
Maine seeks new operator to revive Rockland Branch rail line
The Department of Transportation is seeking to restore freight service and that could help the Amtrak Downeaster resume its effort to add passenger service from Brunswick to Rockland.
Posted inBusiness, News
Jay board approves shoreland zoning permit for new manufacturing mill
John Godfrey of Marblehead, Massachusetts, hopes to begin construction in early in 2025.
Posted inArts & Entertainment, Business, Nation & World, News
Disney World and Universal closures halt Orlando tourism as Milton approaches
The closures tempered expectations for some tourists while the impending storm raised some anxiety in others.
Posted inBusiness, Food & Dining, Nation & World
Bakery that makes Sara Lee and Entenmann’s pushes back on FDA sesame warning
A top U.S. commercial bakery is pushing back on a Food and Drug Administration warning to stop using labels that say its products contain sesame – even when they don’t.
Posted inBusiness, Nation & World
Boeing withdraws contract offer as union talks break down
S&P Global Ratings warned it may cut the planemaker’s credit grade to junk.
Posted inBusiness, Nation & World
Amazon unveils AI to help delivery drivers find packages faster
The technology projects a green circle on packages to be delivered at each stop and red Xs on those to be delivered later.
Posted inBusiness
Wall Street sets more records after Shanghai’s worst drop since early COVID
U.S. stocks rose to records after the latest wild swerves for Chinese stocks left few ripples in markets worldwide.
Posted inBusiness, Nation & World, News
How Waffle House helps Southerners – and FEMA – judge a storm’s severity
For some residents of storm-prone Southeastern states, the best indicator of a hurricane’s severity can be found at the local Waffle House.