Helping to drive markets was a report on U.S. manufacturing that came in weaker than expected, along with data showing a drop-off in construction spending from July to August.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, New England, News
Maine DEP wants sections of proposed NECEC corridor cleaned up
The project to build a power transmission line through western Maine is suspended, but the state said the contractor must clean up crane mats and previously cut trees.
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Posted inBusiness, Nation & World, News
UK scraps tax cut for wealthy that sparked market turmoil
Reducing taxes for top earners and scrapping a cap on bankers’ bonuses while millions face a cost-of-living crisis driven by soaring energy bills was widely seen as politically toxic.
Posted inBusiness, Nation & World, News
U.S. auto sales to fall a bit in 3rd quarter, even with September gains
General Motors manages to lead the industry for the quarter, selling more than 555,000 vehicles, a 24% increase over last year.
Posted inBusiness, Nation & World, News
Fraud, scam cases increasing on Zelle, Senate report finds
The report also found that the large banks that partly own Zelle have been reluctant to compensate customers who have been victims of fraud or scams.
Posted inBusiness, Maine Cannabis Report
Amazon cracks down on products it views as cannabis related
The tech giants have tended to allow products that are not ‘plant facing,’ but Amazon recently changed the artificial intelligence it uses to search for contraband and more businesses are getting booted.
Posted inBusiness, Food & Dining, Maine, New England, News
Maine seaweed company bids for more growth, signs deal with business backed by celebrity chef
Atlantic Sea Farms hopes to raise $3.5 million one year after opening a new processing facility in Biddeford.
Posted inArts & Entertainment, Business
Horror film ‘Smile’ pleased with top showing at box office
Billy Eichner’s gay rom-com ‘Bros’ takes fourth place.
Posted inBusiness, Maine, News
How can Maine solve its workforce crisis?
Maine has lost more than 20,000 employees since the pandemic started. Fixing this will take a combination of strategies and years of work.
Posted inBusiness, Maine
Pump it up: Can you keep warm in winter with a heat pump alone?
An Efficiency Maine initiative may be changing minds about the energy-saving devices, after testing their stand-alone performance in subzero temperatures.