Mortgage rates climbed to the highest level in more than two decades, pushing homeownership out of reach for many Americans.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Environmentalists, consumer advocates at odds with businesses over plan to scale back natural gas
Proposed legislation targets natural gas expansion to reduce greenhouse gas emissions, but business groups and Republicans say it will damage Maine’s economy.
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Posted inBusiness
Rustic Roots Farm expands, adds New Sharon facility
Everything on the menu in the restaurant portion features local farms with every dish having something from Franklin County in it, according to the owner.
Posted inBusiness, Nation & World
Jeff Bezos promised $100 million in donations after Maui wildfire. No one knows where the money’s going
The world’s second-richest person has a habit of issuing splashy philanthropic promises while offering few details.
Posted inBusiness, Nation & World, Politics
Federal debt tops $34 trillion, and some in Congress want a commission to find ways to tackle it
A bill to create a bipartisan commission to tackle the nation’s soaring debt and make policy recommendations to Congress won approval from a House committee on Thursday.
Posted inBusiness, Nation & World
AI is the buzz, the big opportunity and the risk to watch among the Davos glitterati
Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting this week.
Posted inBusiness, Nation & World
Airstrikes on Yemen bring new level of chaos to shipping in southern Red Sea
The U.S. and U.K.’s decision to hit back at Houthi militants has only escalated the chaos across the shipping industry, underscoring the threat of an enduring supply-chain crisis as vessels navigate the crucial trade route.
Posted inBusiness
Drop in Panama Canal traffic due to severe drought could cost up to $700 million
One of the most severe droughts to ever hit the Central American nation has stirred chaos and caused a traffic jam of vessels.
Posted inBusiness, News
Frigid weather can cut electric vehicle range and make charging tough. Here’s what you need to know
Experts acknowledge that cold weather can be hard for EVs, but they say with some planning and a little adjustment, owners should be able to travel pretty much as normal.
Posted inBusiness, Nation & World, News
Retail sales up strongly in December as Americans continue to spend
Economists had expected consumers to pull back on spending in the final 3 months of the year under the weight of credit card debt and delinquencies and lower savings.