Still-healthy job and income gains point to an economy capable of weathering a period of rapid interest-rate increases aimed at thwarting high inflation. That’s also contributing to renewed confidence among consumers.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Kennebec Journal, Maine
After 90 years in Augusta, Kennebec Valley Chamber of Commerce announces move to Hallowell
As the chamber’s membership and offerings have grown, so has the organization’s need for a larger, more flexible space than its home on Western Avenue.
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Posted inBusiness, Nation & World, News
Testimony from Hunter Biden associate provides new insight into their business dealings
Release of the more than 140-page transcript is the start of what is expected to be a long and tangled Republican-led probe into Hunter Biden’s business dealings.
Posted inBusiness, Nation & World
Saudi Arabia extends cut of 1 million barrels of oil a day, potentially boosting prices at the pump
A series of production cuts over the past year has failed to substantially boost prices amid weakened demand from China and tighter monetary policy aimed at combatting inflation.
Posted inBusiness, Maine
Court deals another blow to proposed Belfast fish farm
The Maine Supreme Judicial Court has ruled that a local conservation group had the right to challenge a permit for a controversial aquaculture facility in Belfast. The permit will now return to the city for review.
Posted inBusiness
Facebook owner Meta carries out threat to block news in Canada. Google plans to do the same
The social media company said the Online News Act ‘is based on the incorrect premise that Meta benefits unfairly from news content shared on our platforms, when the reverse is true.’
Posted inBusiness, Maine
Maine expands electrical vehicle charging stations statewide
The state plans to open 12 more charging stations, from Brunswick to Machias.
Posted inBusiness
Adidas brings in $437 million from the first Yeezy sale. Part of that will go to anti-hate groups
Adidas has already handed over 10 million euros to the groups and expected to give an additional 100 million euros, with further donations possible depending on how future sales go, their Chief Financial Officer said.
Posted inBusiness, Nation & World, News
Weekly applications for jobless aid tick up from 5-month low
The number of Americans seeking unemployment benefits rose slightly last week but remained at a historically low level that points to a robust job market.
Posted inBusiness, Maine, News
Hot and wet weather not expected to dampen blueberry yields
Maine’s wild blueberry growers expect a good season despite early season challenges.