Such milestones don’t carry much weight for a market that’s supposed to move on hard data. But they can juice the spirits of a market that can also be prone to emotional moves.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inArts & Entertainment, Business, Nation & World, Sports
Here’s what you can expect from Super Bowl commercials this Sunday
Advertisers will be pulling out all the stops on Super Bowl Sunday – enlisting the biggest actors, investing in the most dazzling special effects and going for laughs as they seek to win over viewers.
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Posted inBusiness, Maine, News
Maine will use $4.4 million in federal funds to strengthen electric grid vulnerable to extreme storms
The federal funds are intended to boost the grid’s resilience to help reduce the frequency and duration of outages, but also provide clean energy workforce opportunities and meet state climate objectives.
Posted inBusiness, Nation & World, News
Biden administration announces $5 billion commitment for research and development of computer chips
COVID-19 exposed the risk to the economy and national security of an over-dependence on Taiwan for advanced chips.
Posted inBusiness, Maine, News
Wyman’s installs 35-acre solar farm to power Down East operations
It’s one of the largest, if not the largest, solar farms in Maine hosted by a business to power its own facilities.
Posted inBusiness, Elections, Nation & World, Politics
AI-generated voices in robocalls can deceive voters. The FCC just made them illegal
Sophisticated generative AI tools, from voice-cloning software to image generators, already are in use in elections in the U.S. and around the world.
Posted inBusiness, Maine, Morning Sentinel, News
Skowhegan mill redevelopment scores first public loan to get back on track after flooding caused millions in damage
A loan package totaling $200,000 from Somerset County and the Somerset Economic Development Corp. marks a starting point for more than $1 million in assistance the Spinning Mill project’s developers say they need after December’s flooding damage.
Posted inBusiness, Maine, News
Portland-based Wex reports strong growth in 2023
CEO Melissa Smith says the company is positioned to ride market cycles in part by investing in technology, including AI.
Posted inBusiness, Nation & World
Mexico overtakes China as the leading source of goods imported by U.S.
The last time Mexican goods imported by the United States exceeded the value of China’s imports was in 2002.
Posted inBusiness, Nation & World, News
As DEI policies come under legal attack, philanthropic donors consider how to adapt
One battleground will be the lawsuit challenging grants from the Fearless Fund, which awarded $20,000 to businesses that are at least 51% owned by Black women, among other requirements.