In the fourth quarter of 2023, Americans held $1.13 trillion on their credit cards, and aggregate household debt balances increased by $212 billion.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
American Airlines is raising bag fees and changing how customers earn frequent-flyer points
American Airlines is raising bag fees and pushing customers to buy tickets directly from the airline if they want to earn frequent-flyer points.
advertisement
Posted inBusiness, Nation & World
Polish farmers block Ukraine’s border as they intensify protests against non-EU imports
The farmers spilled Ukrainian grain in Medyka, a Polish border town, sparking the sharp criticism of the Ukrainian ambassador to Poland.
Posted inBusiness, Nation & World, News
Supreme Court to hear challenge to EPA’s cross-state pollution rule
The federal environmental agency estimated that its good neighbor plan would have significant health benefits, including preventing up to 1,300 premature deaths in 2026, with benefits outweighing the compliance costs.
Posted inBusiness, Nation & World, News
U.S. casinos won $66.5 billion in 2023, their best year ever
Five new sports betting markets that became operational in 2023, including Maine, generated a combined $1.49 billion in revenue, as gamblers seemed to show no fear of inflation.
Posted inBusiness, Nation & World, News
Ransomware group LockBit is disrupted by a global police operation
Authorities arrest 2 people and say they gained ‘comprehensive access’ to LockBit’s systems, taking control of infrastructure and obtaining keys to help victims decrypt their data.
Posted inBusiness, Local & State, News
State selects Sears Island as preferred site for Maine’s new offshore wind port
The decision to develop the Searsport location to assemble and ship turbines and other offshore wind components to sites in the Gulf of Maine is subject to state and federal permitting.
Posted inBusiness, Local & State, Morning Sentinel, News
Gifford’s ice cream plant in Skowhegan restarts production one year after fire destroyed facility
A year after a fire devastated Gifford’s production facility and headquarters, the Skowhegan-based ice cream maker has started making ice cream on a limited basis.
Posted inBusiness, Nation & World
U.S. rivalry with China expands to biotech
U.S. lawmakers are raising alarms about what they see as America’s failure to compete with China in biotechnology.
Posted inArts & Entertainment, Business, Local & State, Morning Sentinel
Waterville’s former Railroad Square Cinema to house acting playhouse, cultural events center
Randy and Lisa Jones of Augusta bought the former Railroad Square Cinema complex, which they have renamed The Playhouse at Waterville Station. Their long-term goal is to make it a center for the arts and artisans.