Biden’s refusal to negotiate may not be a tenable position for the White House as the deadline nears for action.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
How will we know if the U.S. economy is in a recession?
There are reasons to expect that a recession, if it does come, will prove to be a comparatively mild one.
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Posted inBusiness
U.S. economy grew at weak 1.1% rate in Q1 in sign of slowdown
The economy’s slowdown reflects the impact of the Federal Reserve’s aggressive drive to tame inflation, with 9 interest rate hikes over the past year.
Posted inBusiness, News
Fed’s Powell was tricked by fake call from Russia pranksters
The phone call was reportedly carried out by a duo of longtime Russian pranksters, Vladimir Kutznetsov and Alexei Stolyarov, according to Bloomberg News.
Posted inBusiness, Local & State, New England
Maine herring fishers get money after decline of fish, quota cuts
The government has appropriated $7 million for fishermen in Maine’s struggling herring fishing business to help cope with a decline in the fish population.
Posted inBusiness, Food & Dining, News
Food prices fall on world markets but not on kitchen tables
Around the world, food prices are persistently, painfully high.
Posted inBusiness, News
Company seeks first-time restart of shuttered nuclear plant
Activists who long criticized Michigan’s Palisades plant as poorly maintained and dangerous don’t want it resurrected.
Posted inBusiness
Bud Light fumbles, but experts say inclusive ads will stay
Bud Light’s partnership with a transgender influencer angered some customers and hurt sales.
Posted inBusiness
U.K. blocks Microsoft-Activision gaming deal, biggest in tech
Regulators worry the $69 billion deal to buy video game maker Activision Blizzard would stifle competition in the cloud gaming market.
Posted inBusiness, News
Maine home foreclosures plummet while sales drop, prices inch up
New data on foreclosure filings and on recent home sales create a mixed outlook for the state’s residential real estate market. But it appears stronger than those in many other states.