The S&P 500’s gain marks the longest winning streak for the index since March.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Higher gas prices hurt pockets, make small dent in emissions
People are paying more when they hit the gas station and some are changing their habits.
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Posted inBusiness, News
Brian King named Bank of America Maine president
King will oversee the bank’s operations and philanthropic giving in the state.
Posted inBusiness, Nation & World
U.S. jobless claims rise to 235,000, most in nearly six months
The Labor Department reported that U.S. employers advertised fewer jobs in May amid signs that the economy is weakening.
Posted inBusiness, Nation & World
U.S. job openings slip, but employment landscape remains solid
U.S. employers advertised fewer jobs in May as the economy has shown signs of weakening, though the overall demand for workers remained strong
Posted inBusiness
Stocks rise after release of Fed meeting minutes
Stocks are closing higher on Wall Street Wednesday following the release of minutes from the Federal Reserve’s most recent policy meeting
Posted inBusiness, Nation & World
Fed: Sharply higher rates may be needed to quell inflation
Federal Reserve officials were concerned at their meeting last month that consumers were starting to anticipate higher inflation, and they signaled that much higher interest rates could be needed to restrain it.
Posted inBusiness, Nation & World
Granholm, actor Robert Downey Jr. boost clean energy jobs
The Energy Department is teaming with actor Robert Downey Jr. to recruit up to 1,000 new workers focused on climate change and clean energy.
Posted inBusiness, Lewiston-Auburn
Prices jump as egg supply faces ongoing disruption
Bird flu cited as the primary cause of tight supply and subsequent rising prices.
Posted inBusiness, Uncategorized
Maine sees the future of power transmission, and it won’t always include big new lines
Big batteries and efficiency are chosen as an alternative to a new Brunswick-Topsham power line, thanks to a new law that pushes utilities to explore new ways to assure reliability.