The Fed has been delaying any consideration of interest rate cuts until it gains more confidence that inflation is steadily slowing.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Yellen says threats to democracy risk U.S. economic growth, an indirect jab at Trump
Her remarks serve as a sort of warning for business leaders who may overlook Trump’s disregard for modern democratic norms because they prefer the former president’s vision of achieving growth by slashing taxes.
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Posted inBusiness, Nation & World, News
AI-controlled fighter jet took Air Force leader for a historic ride. What that means for war
Future war scenarios envision swarms of American unmanned aircraft providing an advance attack on enemy defenses to give the U.S. the ability to penetrate airspace without high risk to pilot lives.
Posted inBusiness, Nation & World, News
Google, Justice Department argue whether search engine is a monopoly
The biggest antitrust trial in more than two decades has revolved around how much Google derives its strength from contracts with companies like Apple to make Google the default search engine preloaded on cellphones and computers.
Posted inBusiness, Nation & World, News
Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy.
Posted inBusiness, Maine, Schools and Education
Graduate workers’ union bemoans pace of negotiations with UMaine System
Six months into bargaining, administrators and the union have reached tentative agreements on just two of 22 contract issues.
Posted inBusiness
Amazon CEO Andy Jassy’s comments about unions violated federal law, NLRB judge rules
An Amazon spokesperson said the company strongly disagrees that ‘any part of these comments’ were inappropriate.
Posted inBusiness, Nation & World
Maryland officials release timeline, cost estimate, for rebuilding bridge
Meanwhile, authorities say they have recovered the body of a fifth person who was missing after the March 26 collapse.
Posted inBusiness
Faceless people, invisible hands: New Army video aims to lure recruits for psychological operations
A haunting new video released in the early morning hours is the latest effort by the Army to lure soldiers to some of its more secretive units.
Posted inArts & Entertainment, Business
Artists from Universal Music Group are heading back to TikTok after new licensing agreement struck
The artists include Drake, Adele, Bad Bunny and Billie Eilish.