Shareholders also voted on Tesla’s proposal to move its state of jurisdiction to Texas.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Yellen says China’s trade policies could ‘interfere significantly’ with U.S. bilateral relationship
Yellen’s speech comes as former President Donald Trump presents his case before the Business Roundtable in Washington, an association of more than 200 CEOs, for why the economy would be better if he returned to the Oval Office.
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Posted inBusiness, Nation & World, News
Supreme Court sides with Starbucks, makes it harder for labor board to win court orders
The Supreme Court has made it harder for the federal government to win court orders when it suspects a company of interfering in unionization campaigns in a case that stemmed from a labor dispute with Starbucks.
Posted inBusiness, Maine, Morning Sentinel, News
Meridians in downtown Fairfield to reopen with modified name, new kind of menu
Meridians: The Bar is set to open at 166 Main St. on June 21. Its shop, formerly across the street, has been moved to the restaurant’s lounge.
Posted inBusiness, Nation & World, News
Elon Musk has made X more right-leaning, study shows
The percentage of Republican users who think X is ‘mostly good’ for American democracy has more than tripled since Musk purchased the site in October 2022.
Posted inBusiness, Nation & World, News
Wells Fargo racial disparity case heads to class-action decision
At the heart of the case is a dispute over a credit-scoring algorithm that plaintiffs say disparately impacted minority applicants.
Posted inBusiness, Nation & World, News
U.S. expands Russia sanctions to target Arctic natural gas projects, semiconductor chips
The move comes as President Biden prepares to join Group of Seven leaders for a summit in Italy, where one of their top concerns will be securing new ways to bolster aid to Ukraine and further constrain Russia.
Posted inBusiness, Maine
Maine to add high-speed EV charging stations at 17 locations
The state is spending about $8.6 million to expand fast-charging EV stations throughout the state, extending the network to more rural areas to reduce range anxiety and make long-distance trips viable in an EV.
Posted inBusiness, Nation & World, News
Federal Reserve sees progress on inflation but envisions just 1 rate cut this year
The policymakers said the economy is growing at a solid pace, while hiring has ‘remained strong’ and there has been ‘modest’ further progress toward its 2% inflation target.
Posted inBusiness, Maine, News
CMP bills to rise at least $10 a month; destructive storms blamed
State regulators approve the increase to cover the $220 million cost of restoring power after recent storms, and promise a proceeding in the ‘near future’ to consider how to balance storm response with affordability.