The ECB cut its key interest rate by a quarter of a point, moving ahead of the Reserve as central banks around the world lean toward lowering borrowing costs.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
U.S. antitrust enforcers will investigate leading AI companies Microsoft, Nvidia and OpenAI
The entire AI industry has also relied heavily on Nvidia’s specialized semiconductors to power AI applications.
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Posted inBusiness, Nation & World
Boeing’s astronaut capsule arrives at space station after thruster trouble
The company plans to keep Starliner at the space station for at least 8 days before guiding it to a landing in the western U.S.
Posted inBusiness, Maine, News
Energy company wants Maine to use its port instead of Sears Island for offshore wind hub
Competition for Maine’s offshore wind port is sharpening with Sprague Operating Resources proposing Mack Point as an alternative to the state’s preferred site on nearby Sears Island.
Posted inBusiness, Nation & World, News
Frenzy around AI catapults stocks on Wall Street
Some fatter-than-expected profit reports from tech companies helped drive the market.
Posted inBusiness
Online marketplace eBay to drop American Express, citing fees, and says customers have other options
eBay cites ‘unacceptably high fees’ and says customers have other payment options to shop online.
Posted inBusiness, Nation & World, News
UN chief wants a tax on profits of fossil fuel companies, calling them ‘godfathers of climate chaos’
The burning of fossil fuels – oil, gas and coal – is the main contributor to global warming caused by human activity.
Posted inBusiness, Nation & World, News
Dollar Tree looking at options for Family Dollar, including possible sale of the segment
The company has had difficulty incorporating Family Dollar into its business and recently announced that it would close nearly 1,000 stores.
Posted inBusiness, Health, Maine, Morning Sentinel, News
Skowhegan hospital looks to build medical office building
Redington-Fairview General Hospital has submitted a proposal to the town’s Planning Board for a three-story, 24,000-square-foot building and expanded parking.
Posted inBusiness
Boeing launches NASA astronauts for first time after years of delays
A pair of test pilots blasted off aboard the Starliner capsule for the International Space Station.