The central bank has been buying $120 billion a month in mortgage and Treasury bonds to try to hold down longer-term loan rates to spur borrowing and spending.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
CVS limits purchases of rapid COVID-19 tests, citing demand
The renewed demand for testing has arisen just as the delta variant threatens many people’s plans to return to work and school this fall.
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Posted inBusiness, Nation & World, News
Apple loosens app store payment rules in lawsuit settlement
The concession is part of a preliminary settlement of a nearly 2-year-old lawsuit filed on behalf of iPhone app developers in the U.S.
Posted inBusiness, Maine, Nation & World, Religion and Values
Conservative shift on U.S. Supreme Court could affect legal challenge to Maine’s vaccine mandate
The lawsuit is challenging the state’s vaccine mandate for health care workers over its lack of a religious exemption, and it could become a test case on whether such mandates must include religious exemptions.
Posted inBusiness
Stocks fall after Kabul attacks; traders also wait for Fed
Technology and communication companies led a broad sell-off on Wall Street Thursday following deadly suicide attacks at the Kabul airport in Afghanistan. The S&P 500 fell 0.6 percent a day after capping a five-day winning streak with an all-time high. The Dow Jones Industrial Average fell 0.5 percent, while the Nasdaq composite lost 0.6 percent. […]
Posted inBusiness, Nation & World, News
Dilemma for Fed chief: High inflation and a surging virus
The big question is when the central bank will begin to slow its purchases of Treasury and mortgage bonds.
Posted inBusiness, News
New sinking in tilting San Francisco high-rise halts repair
The 58-story tower opened to fanfare in 2009 and all 419 apartments quickly sold out.
Posted inBusiness, Health, Maine
Philanthropist Donald Sussman donates $2 million to Blue Hill hospital
The money will help fund a new hospital, which will have a full-service emergency department, laboratory, imaging, rehabilitation services and primary and select specialty care as well as individual patient rooms.
Posted inBusiness, Nation & World, News
Maine jobless claims hit pandemic low as U.S. claims rise for first time in 5 weeks
A resurgence of cases linked to the highly contagious delta variant has clouded the economic outlook, and claims remain high by historic standards.
Posted inBusiness, Nation & World, New England
Concern about endangered whales cited in lawsuit over wind farm
In response, a group that represents renewable energy companies stressed the project has undergone a lengthy environmental review, permitting and public comment process.