Months after the last newspaper closed in a declining coal community in West Virginia, residents say they are already experiencing challenges getting and sharing information.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Federal Reserve raises its key rate for 11th time by a quarter-point in its drive to slow inflation
Coming on top of its previous rate hikes, the Fed’s latest move could lead to further increases in the costs of mortgages, auto loans, credit cards and business borrowing.
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Posted inBusiness, Lewiston-Auburn, Maine, Nation & World, News, Politics
Biden will be first sitting president to visit Auburn since 1912
When Biden speaks at Auburn Manufacturing on Friday, he will be only the fifth president to visit the Twin Cities while in office.
Posted inBusiness, Nation & World, News
Auto loan rejections are up as Federal Reserve keeps raising rates
Mortgage rates, which have surged since the Fed began lifting rates in March 2022, could rise further. So could rates on credit cards and some business loans.
Posted inBusiness, Maine, News
The Portland Phoenix publishes final issue
The owners of the weekly newspaper, which restarted after a shutdown in 2019, said the pandemic kept them from attracting enough advertisers.
Posted inBusiness, Nation & World, News
UPS reaches contract with 340,000 unionized workers, averting calamitous strike
The Teamsters called the tentative agreement ‘historic’ and ‘overwhelmingly lucrative’ in a prepared statement. It includes, among other benefits, higher wages and air conditioning in delivery trucks.
Posted inBusiness, Nation & World, News
After decades of delays and broken promises, coal miners hail rule to slow rise of black lung
An estimated 1 in 5 tenured miners in Central Appalachia has black lung disease; one in 20 has the most disabling form of black lung.
Posted inBusiness, Maine, News
Maine’s first Black chamber of commerce takes shape amid mixed reactions
Joshua Brister, owner of a semipro women’s basketball team, has launched the Maine Black Chamber of Commerce to promote interests of the state’s Black-owned businesses.
Posted inBusiness, Maine, News, Politics
Millions of dollars in foreign campaign funds pour into Maine as lawmakers push to ban them
Lawmakers say they will try to override Gov. Janet Mills’ veto of the foreign spending ban, but it won’t prevent foreign-owned companies from pouring money into Maine politics this fall.
Posted inBusiness, Maine, News
Maine planners grappling with short-term rentals consider new regulations
The Land Use Planning Commission has received complaints about renters from permanent residents.