Traders were still largely betting the Fed will cut rates later this year.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Lewiston-Auburn
Bates College workers reject proposed union
National Labor Relations Board staffers who counted the ballots said 254 voted against the union while 186 favored it.
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Posted inBusiness, Nation & World, News
TikTok CEO faces off with Congress over security fears
The CEO of TikTok is being grilled by a U.S. congressional committee to make the case for why the hugely popular video-sharing app shouldn’t be banned.
Posted inBusiness, Maine, News
Planned $82 million upgrades, expansion would improve Maine broadband access
Charter Communications says it will bring high-speed internet connectivity to underserved areas, and is buying Bee Line Cable in Madison.
Posted inBusiness, Nation & World
TikTok sends online influencers to Washington as its troubles grow
Lawmakers will grill the company’s CEO on Thursday about concerns over user data falling into the hands of the Chinese government.
Posted inBusiness
Newsmax returns to DirecTV in multiyear distribution deal
The satellite carrier says the dispute was always financial and ‘never about limiting conservative voices.’
Posted inBusiness
GM will stop making Camaro but successor may be in works
The Chevrolet Camaro has for decades been the dream car of many teenage American males
Posted inBusiness, Nation & World
German group sues Facebook owner Meta over death threats
Environmental Action Germany demands that cities enforce air quality rules by banning certain heavily polluting vehicles.
Posted inBusiness, Health, Nation & World
Senators press Moderna CEO on COVID-19 vaccine price hike
Sen. Bernie Sanders, I-Vt., notes that the drugmaker has made over $20 billion in profits over the past two years, and the U.S. government contributed billions toward the shots’ development.
Posted inBusiness, Maine, News
New study suggests acidification from climate change could harm sea scallop populations
The study also found that acidity is increasing in the Gulf of Maine faster than at other locations on the East Coast.