A number of senators faulted the heads for failing to guard against the impact of rising interest rates.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
McCarthy says debt ceiling deal possible this week as Biden cuts short upcoming foreign trip
The president and House Speaker Kevin McCarthy are trying to strike a budget deal before the U.S. Treasury runs out of cash to keep paying the nation’s bills, which could occur as soon as June 1.
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Posted inBusiness, Maine, News
Portland moves up in top 10 ‘Best Places to Live’
U.S. News & World Report said the city’s national ranking reflects its charm, ‘do it yourself spirit,’ access to recreation and a variety of living settings.
Posted inBusiness, Food & Dining, Nation & World, News
More dogs could show up in outdoor dining spaces. That gives some pause
The FDA’s updated food code says restaurants can allow canines if they get approval from a local regulator.
Posted inBusiness, Nation & World, News
Repelled by high prices, Americans holding on to cars longer than ever
The average new vehicle price rockets 24% to nearly $48,000.
Posted inBusiness, Nation & World, News
TSA testing facial recognition at more airports, raising privacy concerns
Advocates are concerned about how the data is collected, who has access to it and what happens if it gets hacked.
Posted inBusiness, Nation & World, News
Why ‘glass cliff’ could put Twitter’s new CEO in danger
The theory posits that women – and minorities – are more likely to be hired for leadership jobs when there’s a crisis, which sets them up for failure.
Posted inBusiness
Wall Street rises ahead of updates on U.S. shoppers
On Tuesday, the government will show how much sales at retailers across the country grew last month.
Posted inBusiness
Microsoft’s $69 billion Activision takeover wins EU approval
The fate of the deal now hinges on the firm winning legal challenges in the U.S. and U.K.
Posted inBusiness
3M fires executive for inappropriate conduct weeks after promotion
Meanwhile, the company is cutting thousands of jobs as part of restructuring actions.