Consumer surveys show that most Americans remain unhappy with the economy, still bruised by an inflation rate that hit a 4-decade high 2 years ago as the economy rebounded from the pandemic recession.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Maine launched its first Inflation Reduction Act rebates. What’s next?
The new funding could fill some gaps, but bandwidth for actually using the money at the local level may remain a challenge.
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Posted inBusiness, Nation & World, News
For many, the Fed’s big rate cut is likely just a small step toward affording a home
In this case, the Fed’s action was widely anticipated, so rates moved lower well before the cut was even announced.
Posted inBusiness, Nation & World, News
Explosion at coal mine in eastern Iran kills at least 34 workers
Authorities blamed the blast on a leak of methane gas.
Posted inBusiness, Kennebec Journal, Maine
Island Park Brewing in Winthrop draws from local lake history
The brewery and taproom, which opened in August on the north shore of Cobbosseecontee Lake, take their inspiration from the local history of drinking and dancing.
Posted inBusiness, Maine, News
Can luxury apartments actually help solve Maine’s housing crisis?
Despite pervasive ‘supply skepticism,’ the evidence suggests the answer is yes: As the number of homes grows in an area, prices tend to fall and lower-cost units get freed up. But advocates say it takes time – and there are many hurdles.
Posted inBusiness
Skowhegan’s Redington-Fairview General Hospital named one of the 2024 Best Places to Work in Maine
Best Places to Work in Maine identifies, recognizes, and honors the best places of employment in Maine, according to a news release.
Posted inBusiness
Thomas College in Waterville appoints Moore to board of trustees
Moore, of South China, has been executive director of the Augusta Food Bank since 2020.
Posted inBusiness
Woodlands Senior Living, with locations in central Maine, earns Joint Commission accreditation
Woodlands Senior Living are the first assisted living facilities in Maine to earn this designation, according to a news release.
Posted inBusiness, News
Brazil drought punishes coffee farms and threatens to push prices even higher
Potential supply shortages are plaguing the world’s largest coffee producer as well as the second-biggest – Vietnam.