Wholesale prices rose modestly last month, a hopeful sign that the Federal Reserve’s interest rate hikes may be cooling the economy.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Elon Musk says he’s found a new CEO for Twitter
Musk, who bought Twitter last fall and has been running it since has been insisting he is not the company’s permanent CEO.
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Posted inBusiness, Nation & World, New England, News
Proposed transmission line would bring power from Canada to New Hampshire
The proposed 211-mile, $2 billion Twin State Clean Energy Link would enter the United States in Canaan, Vermont.
Posted inBusiness, News
Marshalls coming to Hannaford Drive in Farmington
A second new store, The Granite Group, is planning to move into the former Bouffard’s Furniture & Carpet building at 622 Wilton Road.
Posted inBusiness
U.S. prices stay high, showing inflation pressures persist
Inflation eased for a 10th straight month, but prices are still increasing faster than normal.
Posted inBusiness, Maine, News
Maine’s wild blueberry crop fell 26% in size, 30% in value last year
The state’s 2022 crop was valued at $55.5 million, a decrease from $80.3 million in 2021. Experts say the fluctuations are increasing and a result of climate change.
Posted inBusiness, News
New air carrier will let you skip the line at the Portland jetport
‘Semi-private’ jet service JSX touches down in Maine next month with perks that include slimmed-down security screening and plane-side baggage pickup. But fares can be high.
Posted inBusiness
More U.S. job offers include retirement benefits, student loan help to lure workers
Many companies are ‘expanding their benefits offerings’ amid high employee turnover.
Posted inBusiness
Disney updates lawsuit against DeSantis to add new events
Disney has amended its free speech lawsuit against Gov. Ron DeSantis to add recent developments in the tit-for-tat fight between the entertainment giant and the Florida governor
Posted inBusiness
Disney parks at the forefront after Iger’s return
Six months after canceling his retirement and stepping back into the top role at Disney, Bob Iger is focused on reconnecting with the Disney theme park die-hards and restoring their faith in the brand.