The S&P 500 leaped 1.9% for its fourth straight winning day. It’s already up 4.9% this week and on pace for its best week in nearly a year.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
AI summit agreements tip the balance of fight against digital threats in favor of humanity, U.K. prime minister says
British Prime Minister Rishi Sunak hailed the gathering’s achievements, including a ‘Bletchley Declaration’ committing nations to tackle the biggest threats from artificial intelligence.
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Posted inBusiness, Maine
Mills seeks federal assistance for businesses affected by shooting
This would make businesses and nonprofits eligible for low-interest loans to make up for interruptions from the Lewiston-area shelter-in-place order.
Posted inBusiness, Nation & World, News
FTX founder Sam-Bankman-Fried convicted of defrauding cryptocurrency customers
After the monthlong trial, jurors rejected Bankman-Fried’s claim during 4 days on the witness stand in federal court he never committed fraud or meant to cheat customers before FTX.
Posted inBusiness
BIW donates $100,000 to assist Lewiston shooting victims
Many of the shipyard’s workers were personally affected by the mass shootings that claimed 18 lives in Lewiston last week.
Posted inBusiness, Nation & World, News, Uncategorized
FTC: Amazon used an algorithm to essentially raise prices on other sites
The new excerpts, unveiled Thursday, alleged company executives intentionally deleted communication by using a feature on the popular app Signal that makes messages disappear.
Posted inBusiness, Nation & World, News
UAW members at first Ford plant to strike overwhelmingly approve new contract
Members of Local 900 at the Michigan Assembly Plant in Wayne, Michigan, voted 81% in favor of the deal, according to Facebook postings by local members.
Posted inBusiness, Nation & World
The average long-term U.S. mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row
The average rate on a 30-year home loan climbed above 6% in September 2022 and has remained above that threshold since.
Posted inArts & Entertainment, Business
Disney to acquire remainder of Hulu from Comcast for roughly $8.6 billion
Disney has actually run Hulu since 2019 when Comcast ceded its authority to Disney and effectively became a silent partner.
Posted inBusiness, Nation & World, News
Legal scrutiny signals shift in how U.S. homes are bought and sold
A larger class-action lawsuit focused on the same central issue is expected to go to trial in Illinois next year.