The latest data came Tuesday in an annual report from the Census Bureau, which said the median household income, adjusted for inflation, rose 4% in 2023.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
SpaceX launches billionaire to conduct first private spacewalk
Considered one of the riskiest parts of spaceflight, spacewalks have been the sole realm of professional astronauts.
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Posted inBusiness, Nation & World, News, Politics
Congress takes up a series of bills targeting China, from drones to drugs
Many of the bills scheduled for a vote this week appear to have both parties’ support, reflecting strong consensus that congressional actions are needed to counter China.
Posted inBusiness, Nation & World, News
Apple’s iPhone 16 leaps into AI in attempt to turn a tech trend into a cultural phenomenon
The new iPhones – ranging in price from $800 to $1,200 – hit stores on Sept. 20.
Posted inBusiness, Nation & World, News
Google faces another antitrust trial after ruling that declared search engine a monopoly
The Justice Department and Google each made opening statements Monday to a federal judge who will decide whether Google holds a monopoly over online advertising technology.
Posted inBusiness, Nation & World, News
U.S. seeks new pedestrian safety rules aimed at increasingly large SUVs, pickups
The rule would cover all passenger vehicles weighing 10,000 pounds or less, but it’s aimed largely at SUVs and pickups, which have grown in size over the years, causing blind spots for drivers.
Posted inBusiness, Maine, News
Manufacturers push back against rising electricity bills tied to renewable power incentives
One business said it may be forced to close because its power bills have jumped by thousands of dollars.
Posted inBusiness, Nation & World
Biden signs order prioritizing federal grants for projects with higher worker wages
The grants would prioritize projects with labor agreements, wage standards and benefits such as access to child care and apprenticeship programs.
Posted inBusiness, Nation & World
Female farmers in Jamaica rebuild in Hurricane Beryl’s wake
More than 2 months after the powerful storm, the strongest Atlantic hurricane on record in July, some farmers in Jamaica are still unable to restore their crops and repair their homes. A women-led cash voucher program is providing the key.
Posted inBusiness
Wall Street falls sharply to close its worst week in nearly 18 months
A highly anticipated update on the U.S. job market came in weak enough to keep investors cautious about the economy.