Signs of waning inflation and a cooling job market have raised expectations the Federal Reserve will cut its benchmark interest rate next month for the first time in 4 years.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Election 2024, Nation & World, News
Trump says he’ll announce a plan to make U.S. the ‘crypto capital’
Donald Trump has done a complete about-face toward the asset class, which he had considered a crime-riddled scam while he was in office.
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Posted inBusiness, Food & Dining, Maine, Morning Sentinel, News, Things to Do
Skowhegan Craft Brew Festival set for Saturday
The celebration of local beer and other products is expected to draw people from around the country to sample beverages from 24 Maine producers.
Posted inBusiness, Maine, Morning Sentinel, Schools and Education
Thomas College in Waterville chooses new president
Jeannine Diddle Uzzi will serve as president-elect of Thomas until Nov. 1 when President Laurie Lachance officially steps down.
Posted inBusiness, Maine
Acadia-related spending drops for second year as fewer people visit
The number of visitors and how much they’re spending on hotels and restaurants has been dropping since 2021, but the numbers are still much higher than they were before the pandemic.
Posted inBusiness, Maine
Mainers may see more savings from using electricity during off hours
Regulators say expanding time-of-use rates to the supply side of electric bills could cut costs and take pressure off the grid. Currently, customers can only save on delivery costs when they use electricity early in the morning or late at night.
Posted inBusiness, Nation & World
Ford joins growing list of companies changing diversity policies after conservative pressure
Robby Starbuck, a conservative political commentator who has gone after companies such as Lowe’s, Tractor Supply and John Deere, wrote in a post on X he was investigating Ford’s ‘woke’ policies.
Posted inBusiness
Questions about the safety of Tesla’s ‘Full Self-Driving’ system are growing
The technology’s problems have led many observers to become skeptical that Tesla’s system will ever be able to operate safely on a broad scale.
Posted inBusiness, Election 2024, Nation & World, Politics, Schools and Education
Having a family is expensive. Here’s what Harris and Trump have said about easing costs
The tickets have 1 main commonality: Both candidates and their running mates have, at one point or another, backed an expanded child tax credit.
Posted inBusiness, Maine, Politics
Revised rule for paid family leave program would make it more business-friendly
At least one of the changes is designed to allow employers to opt out of the program sooner if they offer a private leave benefit.