A small statewide inventory, high buyer demand and rising interest rates keep the pressure on an already hot housing market.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Biden administration program to help small forest owners benefit from selling carbon credits
The grant money comes from the sweeping climate law passed by Congress just over a year ago and targets underserved landowners, including military veterans and new farmers, as well as families owning 2,500 acres or less.
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Posted inBusiness, Kennebec Journal, Maine
Former Friendly’s in Augusta demolished to make way for dental office
The Western Avenue restaurant that closed in 2019 was torn down this week to make room for a new Aspen Dental office.
Posted inBusiness, Food & Dining, Nation & World, News
A rice shortage is sending prices soaring across the world. And things could get worse
Wholesalers are yet to receive new stocks since India, the world’s largest exporter of rice by far, said last month that it would ban some rice shipments.
Posted inBusiness, Nation & World, News
Zuckerberg says a web version of X rival Threads will be available in a few days
The move will allow the nascent platform, dubbed the ‘Twitter Killer,’ better compete with Elon Musk’s platform, which is now called X.
Posted inBusiness, Maine
Three Maine companies hit with environmental penalties
Firms in Portland, Old Town and Milbridge agree to pay fines in cases centered around potentially damaging chemicals.
Posted inBusiness, Nation & World
White House science adviser calls for more safeguards against artificial intelligence risks
Director of the White House Office of Science and Technology Policy Arati Prabhakar is helping to guide the U.S. approach to safeguarding AI technology.
Posted inBusiness, Kennebec Journal, Maine
Farmingdale appliance store closing after nearly four decades
Owner David Sheperd said that the economy and high interest rates were the culprit, as customers scaled back their purchases of furniture and appliances from The Major’s Furniture & Appliance, which is expected to close next month after 37 years in business.
Posted inBusiness, Food & Dining, Maine, News
Maine’s peach crop this year is a total loss
Frigid temperatures and high winds in February doomed the fruit, which grows on trees that are sensitive to the cold.
Posted inBusiness, Maine, News, Politics
Maine supporters of a right to a clean environment encouraged by Montana ruling
Efforts to add the Pine Tree Amendment to the Maine Constitution are now being led by youth groups.