The lawsuit by TikTok, owned by Chinese tech company ByteDance, follows 1 filed last week by 5 content creators.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inAnimals, Business, Nation & World, News
Venmo to be officially available for teenagers, although many use it already
Venmo has been a popular way to send money to individuals for years, and now has more than 90 million users.
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Posted inBusiness, Nation & World, News, Politics
What it would mean for the global economy if the U.S. defaults on its debt
A default could shatter the $24 trillion market for Treasury debt, cause financial markets to freeze up and ignite an international crisis.
Posted inBusiness, Maine, News
Versant Power rate deal would hike bills $5 a month for home customers
The settlement agreement, which must be approved by the Public Utilities Commission, would increase the monthly bill for the typical residential customer by 4%.
Posted inArts & Entertainment, Business, Nation & World, New England, Schools and Education
Hollywood executive booed during Boston University graduation
Scores of students turned their backs as the CEO of Warner Bros. Discovery gave the school’s commencement address while striking writers picketed outside.
Posted inBusiness, Nation & World, News, Politics
Biden, McCarthy to meet Monday for debt limit talks after ‘productive’ call
Biden previously said on Sunday that Republicans in the House must move off their ‘extreme positions’ on the now-stalled talks over raising America’s debt limit.
Posted inBusiness, Maine, News
Maine businesses brainstorm how to deal with climate change as an economic issue
Over 400 businesspeople and 60 presenters gathered in Augusta to share perspectives and practices on dealing with Earth’s warming.
Posted inBusiness, Nation & World
NASA picks Bezos’ Blue Origin to build lunar landers for moonwalkers
Jeff Bezos’ rocket company has won a NASA contract to land astronauts on the moon, two years after losing out to SpaceX
Posted inBusiness, Nation & World, News
Federal Reserve Chair hints at a pause in rate hikes when central bank meets in June
Powell said the central bank’s benchmark rate, which affects many consumer and business loans, is now high enough to restrain borrowing, spending, and economic growth.
Posted inBusiness, Maine
Maine may pay lobster fishers to test new gear as whale protection rules loom
A bill would create a ‘lobster innovation fund’ to pay lobster fishing license holders to test new fishing technologies.