Austin Goolsbee’s optimistic outlook for inflation underscores why analysts increasingly think the Fed’s next move will be a rate cut, rather than an increase.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News
Microsoft snaps up 2 leading executives from company that created ChatGPT
Meanwhile, back at OpenAI, the newest CEO vows to investigate the firing of Sam Altman, which also prompted the company’s president, Greg Brockman, to quit in protest.
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Posted inBusiness, Maine, News
Commerce report says Maine’s outdoor recreation economy grew 16.5% in 2022
Outdoor recreation accounted for $3.3 billion in economic activity, or nearly 4% of the state’s GDP. That’s the 6th-highest percentage of any state.
Posted inBusiness, Maine, News
Maine’s summer tourist season was a mixed bag, with modest food and lodging gains
Visitor spending increased an estimated 1% to nearly $5.2 billion in the summer of 2023, the Maine Office of Tourism reports.
Posted inBusiness, Maine, News
Ecomaine gets $2 million grant to promote recycling among residents of multifamily homes
The EPA grant will fund educational outreach and expand access to single-stream recycling programs.
Posted inBusiness, Nation & World, News
Ford and Stellantis workers join those at GM in approving contract settlement that ended UAW strikes
Workers at Ford voted 69.3% in favor of the pact, which passed with nearly a 15,000-vote margin in balloting that ended early Saturday. Earlier this week, GM workers narrowly approved a similar contract.
Posted inBusiness
Franklin Health Behavioral Services enhances team with 2 psychiatrists
FARMINGTON — Franklin Health Behavioral Services welcomes two psychiatrists, Drs. Michaela Moden and Ryan Robinson, to the practice. Moden is a graduate of the University of Texas Southwestern in Dallas. Her dedication to medical education, demonstrated through her role as chief resident of education at Tufts Medical Center, reflects her passion for advancing the field. […]
Posted inBusiness
GEAR UP Maine RISE embarks on $28M grant initiative, welcomes project director
AUGUSTA — Syntiro has announced that Deborah Gilmer has been named the project director for GEAR UP Maine RISE (Gaining Early Awareness and Readiness for Undergraduate Programs). With a background in education and a strong commitment to student success, Gilmer’s appointment promises to drive the GEAR UP Maine RISE program to new heights. Gilmer has […]
Posted inBusiness
Loyal Biscuit Co. awards $5,500 to 4 Maine animal nonprofits
As Heidi and Joel Neal celebrated their 10th year of business in 2020, they wanted to be able to provide more funding for nonprofit organizations within the state. Heidi created the Loyal Biscuit Co. Fenway Fund in 2019, named after her beloved dog and Loyal Biscuit Co. logo. Grants are funded by the proceeds of […]
Posted inBusiness
MSEA-SEIU Local 1989 members elect Mark Brunton their next president
Elected delegates of the Maine Service Employees Association, Local 1989 of the Service Employees International Union, on Nov. 4 elected Mark Brunton as their next president, effective Jan. 1. Brunton will succeed MSEA-SEIU President Dean Staffieri, who is termed out after four years. “Today’s service sector workers need unions. They need collective bargaining. They need […]