Experts are calling for a broader discussion around livestreams after a white gunman killed 10 Black people at a Buffalo supermarket
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Uncategorized
Powell: Fed to keep hiking rates until it controls inflation
The chairman suggested Tuesday that the Federal Reserve would consider raising rates even faster if price increases failed to moderate.
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Posted inBusiness, Uncategorized
Markets shake off doldrums as traders get back to buying
Stocks rose steadily throughout the day and ended Tuesday with broad gains.
Posted inBusiness, Nation & World, News
Retail sales rise 0.9% in April as consumers show resilience
The increase was driven by greater sales of cars, electronics, and at restaurants, the Commerce Department said Tuesday.
Posted inBusiness, Nation & World, News
Elon Musk says $44 billion deal won’t happen unless Twitter proves bot claims
Musk’s latest online pronouncement complicates an already chaotic takeover, potentially one of the largest acquisitions the internet industry has ever seen.
Posted inBusiness, Nation & World
Stocks end mostly lower, extending losing streak for S&P 500
Technology stocks were among the biggest losers after pushing and pulling the market throughout the day.
Posted inBusiness, Politics
In U.S., states struggle to replace fossil fuel tax revenue
Energy-producing states have the deepest dependence on fossil fuel income through taxes, royalties and fees.
Posted inBusiness, Nation & World
Six months in, Biden’s infrastructure plan has 4,300 projects
Of the $110 billion announced, $52.5 billion is for federal highway funding and $20.5 billion is for public transit.
Posted inBusiness, Health, Nation & World
U.S. reaches deal to reopen shuttered baby formula plant
The shortage stems from a February recall by Abbott, the nation’s largest formula maker, that closed the company’s Michigan plant over safety concerns.
Posted inBusiness, Maine Cannabis Report
Delaware lawmakers pass cannabis legalization, but governor’s support in doubt
Democrat John Carney has previously spoken against legalizing recreational marijuana. The bill would allow possession of up to one ounce.