Chair Jerome Powell and his fellow Fed officials are expected to play it safe when they meet this week, keeping their rate unchanged for a fifth straight time.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, Politics
Proposal would exempt agricultural pesticides from law banning forever chemicals
Proponents of the bill say farmers need more time to move to alternatives, but opponents say the current law is reasonable and raise concerns about PFAS contamination of food.
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Posted inBusiness
Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies
Joann’s bankruptcy filing arrives amid both a slowdown in discretionary spending overall and during a time consumers are taking a step back from at-home crafts, at least relative to a boom seen at the start of the COVID-19 pandemic.
Posted inBusiness, Politics
Critics call plan for Searsport offshore wind site ‘dangerous precedent,’ point to coastal impacts
Wind power advocates and conservationists looking to protect Sears Island from use as a wind power hub presented their points of view to lawmakers, who must choose between the two sides.
Posted inBusiness, Sports
Sports Illustrated will continue operations after agreement reached with new publisher
SI co-Editor-in-Chief Stephen Cannella told employees in a memo to continue operating as if it were business as usual for now.
Posted inBusiness, Nation & World, News
Supreme Court seems favorable to Biden administration over efforts to combat social media posts
The Supreme Court seems likely to side with the Biden administration in a dispute with Republican-led states over how far the federal government can go to combat controversial social media posts.
Posted inBusiness, Nation & World, News
U.S. announces full ban on asbestos, a deadly carcinogen still in use
The EPA’s final rule marks a major expansion of regulation under a landmark 2016 law that overhauled regulations governing tens of thousands of toxic chemicals in everyday products.
Posted inBusiness, Maine, News
Residents of 2 Casco Bay islands band together to bring high-speed internet to their homes
More than a dozen Maine islands are waiting for access to fast, reliable internet that has become critical for everything from schoolwork to watching movies.
Posted inBusiness, Maine
Maine meat producers frustrated by slaughterhouse backlogs
With demand for local meat on the rise, some livestock producers are finding it hard to get animals processed in a timely manner.
Posted inBusiness, Maine
Saco River Wildlife Center, already outgrowing space to care for wild animals, enters its busy season
The wildlife rehabilitation center in Limington treated more than 900 animals last year – everything from squirrels and mice to bats and porcupines.