Sen. Collins voted to advance the bill but ultimately, not enough lawmakers were ready to back another $48 billion aid package for pandemic-stricken restaurants and other small businesses.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Amazon threatened workers over union vote, labor officials find
Amazon is accused of threatening workers with minimum wage pay if they chose the union to represent them.
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Posted inBusiness, Nation & World
Boeing crew capsule launches to space station on test redo
Boeing’s crew capsule has blasted off on a repeat test flight to the International Space Station.
Posted inBusiness
New Twitter policy aims to pierce fog of war misinformation
The changes make Twitter the latest social platform to grapple with the misinformation, propaganda and rumors that have proliferated since Russia invaded Ukraine in February.
Posted inBusiness
Stocks end lower, nearing but not quite in a bear market
Stocks ended another volatile day lower on Wall Street Thursday, bringing the market closer to its first bear market since the beginning of the pandemic.
Posted inBusiness
U.S. may be barreling toward recession in next year, more experts say
“Recession risks are high – uncomfortably high – and rising,” one leading economist says.
Posted inBusiness, Maine
April home sales fell 21% in Maine, but prices went through the roof
The limited selection of homes on the market last month sold for 25% more than in April 2021.
Posted inBusiness, Nation & World
A bear market may be on the Wall Street horizon. Here’s what that means.
Low interest rates act like steroids for stocks and other investments, and Wall Street is now going through withdrawal.
Posted inBusiness, Nation & World, New England
New Hampshire got a record 4.3 million visitors last fall
In the last year, the state has expanded its advertising beyond its core markets of New England and New York to include destinations within a 600-mile radius.
Posted inBusiness, Nation & World, News
Senate passes $40 billion Ukraine aid package
An infusion of military and economic aid for Ukraine and its allies now heads to President Biden for his signature.