Strikes against Detroit’s automakers likely shrank last month’s job growth by at least 30,000.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
House Republicans rebuff move by Golden to block offshore wind in Gulf of Maine lobster area
Golden tried to amend 2024 appropriations legislation for the Department of Interior to bar wind development in what’s known as Lobster Management Area 1.
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Posted inBusiness, Nation & World, News
Wall Street leaps toward its best week of 2023 amid hopes of an end to rate hikes
The S&P 500 leaped 1.9% for its fourth straight winning day. It’s already up 4.9% this week and on pace for its best week in nearly a year.
Posted inBusiness, Nation & World, News
AI summit agreements tip the balance of fight against digital threats in favor of humanity, U.K. prime minister says
British Prime Minister Rishi Sunak hailed the gathering’s achievements, including a ‘Bletchley Declaration’ committing nations to tackle the biggest threats from artificial intelligence.
Posted inBusiness, Maine
Mills seeks federal assistance for businesses affected by shooting
This would make businesses and nonprofits eligible for low-interest loans to make up for interruptions from the Lewiston-area shelter-in-place order.
Posted inBusiness, Nation & World, News
FTX founder Sam-Bankman-Fried convicted of defrauding cryptocurrency customers
After the monthlong trial, jurors rejected Bankman-Fried’s claim during 4 days on the witness stand in federal court he never committed fraud or meant to cheat customers before FTX.
Posted inBusiness
BIW donates $100,000 to assist Lewiston shooting victims
Many of the shipyard’s workers were personally affected by the mass shootings that claimed 18 lives in Lewiston last week.
Posted inBusiness, Nation & World, News, Uncategorized
FTC: Amazon used an algorithm to essentially raise prices on other sites
The new excerpts, unveiled Thursday, alleged company executives intentionally deleted communication by using a feature on the popular app Signal that makes messages disappear.
Posted inBusiness, Nation & World, News
UAW members at first Ford plant to strike overwhelmingly approve new contract
Members of Local 900 at the Michigan Assembly Plant in Wayne, Michigan, voted 81% in favor of the deal, according to Facebook postings by local members.
Posted inBusiness, Nation & World
The average long-term U.S. mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row
The average rate on a 30-year home loan climbed above 6% in September 2022 and has remained above that threshold since.