Many investors now see the Fed hiking its key overnight interest rate up to at least 5.25%.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Maine delegation to fight bill that would repeal ‘pause’ in lobstering regulations
A proposal by an Arizona congressman would eliminate a six-year freeze on new fishing rules intended to protect endangered whales.
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Posted inBusiness, Nation & World, New England, News
JetBlue pilot landing in Boston averts potential collision
The close call occurred at Logan airport on Monday when the pilot of a Learjet 60 took off without clearance as a JetBlue flight was preparing to land on an intersecting runway.
Posted inBusiness, Nation & World, News
U.S. consumer confidence slips again in February
Consumers have been a pillar in the U.S. economy, not ready to slow spending even as the Federal Reserve tightens its monetary policy and signals more rate hikes ahead.
Posted inBusiness, Nation & World, News, Politics
Supreme Court seems ready to reject Biden’s student loan forgiveness
The president’s only hope for being allowed to move forward with his plan appeared to be the slim possibility that the court would find that Republican-led states and individuals challenging the plan lacked the legal right to sue.
Posted inBusiness, Nation & World, News, Politics
White House promises crackdown on migrant child labor
Concerns are mounting that migrant children have been discharged from shelters and out of federal custody too quickly, pushing them into vulnerable situations where they’re more likely to become victims of child labor.
Posted inBusiness, News
Lobster industry wages legal battle over recent regulations, while new ones remain frozen
The Maine Lobstermen’s Association last September appealed a federal decision on some restrictions, and the case is now being heard in Washington.
Posted inBusiness, Maine
Sea is rising, and so is the angst for coastal homeowners
Protection is needed against the wind and waves, but do sea walls and natural solutions really work?
Posted inBusiness, Nation & World, News
Treasury secretary Yellen visits Ukraine, underscores U.S. economic support
The U.S. Treasury secretary and the Ukrainian prime minister also discuss sanctions aimed at weakening Russia’s economy as well as the possibility of using Russian frozen assets to help in Ukraine’s economic recovery.
Posted inBusiness, Nation & World, News, Politics
DeSantis takes control over Disney district, punishing company
Florida Gov. Ron DeSantis had directed Republican lawmakers to dissolve Disney’s self-governing district, and hand the power to him, after the company opposed his ‘Don’t Say Gay’ law.