Food-world connections and eager investors helped get the beloved family restaurant Dennett’s Wharf up and running in Castine.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Musk effort to kill deal leaves Twitter with only bad options
Staff were already on edge due to recent executive departures and restructuring of product leadership.
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Posted inBusiness, Nation & World
Production resumes at troubled Abbott baby formula factory
The Michigan plant whose February shutdown over contamination contributed to a national shortage shut down again in mid-June.
Posted inBusiness, Nation & World
Wall Street ends winning week with mixed close on jobs data
The market’s key concern centers on the Federal Reserve’s effort to rein in inflation, and the risk its plan could send the economy into a recession.
Posted inBusiness, Nation & World, News
Elon Musk abandons $44 billion deal to buy Twitter; company says it will sue
The possible unraveling of the deal is just the latest twist in a saga between the world’s richest man and one of the most influential social media platforms.
Posted inBusiness, Nation & World
Robust June jobs report clouds outlook for U.S. economy
The figures the government released Friday spotlighted the sharp divide between the healthy labor market and the rest of the economy.
Posted inBusiness
U.S. dollar nearly equal to euro for 1st time in 20 years
The trend makes foreign goods slightly less expensive for Americans but threatens to hurt U.S. exporters.
Posted inBusiness
U.S. mortgage rates plunge to 5.3% in biggest weekly drop since 2008
But the housing market is the least affordable it’s been since the mid-1980s.
Posted inBusiness, Nation & World
Inflation pushed 71 million people into poverty since Ukraine war
DUBAI, United Arab Emirates – A staggering 71 million more people around the world are experiencing poverty as a result of soaring food and energy prices that climbed in the weeks following Russia’s invasion of Ukraine, the United Nations Development Program said in a report Thursday. The UNDP estimates that 51.6 million more people fell […]
Posted inBusiness, Nation & World
Democrats want to tax high earners to protect Medicare solvency
Also, an emerging Schumer-Manchin compromise aims to lower prescription drug costs.