The EU last month imposed provisional tariffs on some car imports from China that would raise rates to as high as 48% after a months-long probe into Chinese state aid to EV makers.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Wall Street ends wild week nearly where it began – and more tests loom next week
Stocks close higher Friday, clawing back much of the week’s losses as markets embrace a mood of calm.
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Posted inBusiness, News, Sports
Fenway Sports Group ‘seriously considering’ making bid for Celtics
According to reports, the John Henry-led group that owns the Red Sox could put in a bid for the Celtics, which could sell for “a record $6 billion price.”
Posted inBusiness, Maine, News
Regulators move to delay increase in minimum lobster size
Lobster harvesters and dealers say that the fraction-of-an-inch change could eliminate the most lucrative segment of their catch and give Canadian competitors an unfair advantage.
Posted inBusiness
Wall Street rallies to its best day since 2022 on encouraging unemployment data
The S&P 500 jumped 2.3% and shaved off all but 0.5% of its loss from what was a brutal start to the week.
Posted inBusiness
Startups race to make water out of thin air
Materials that are bigger on the inside than the outside provide a futuristic solution to supply water to an increasingly arid planet.
Posted inBusiness, Nation & World
After baby’s death, Kentucky parents sue infant formula maker at center of 2022 crisis
The parents of Kentucky baby who died last fall after drinking bacteria-tainted infant formula are the latest to sue manufacturer Abbott Nutrition.
Posted inBusiness, Nation & World
Fewer Americans filed for jobless benefits last week
But applications remain at slightly elevated though not troubling levels.
Posted inBusiness, Nation & World
France warns of nuclear cuts as European heat intensifies
The French utility uses water to cool its reactors before releasing it into the rivers, and overheating the waterway can threaten fish and other wildlife.
Posted inBusiness
Homeowners race to refinance as mortgage rates retreat from 23-year highs
Home loan applications rose overall last week to their highest level since January, though much of that was due to the surge in refinance applications.