The ‘standard offer’ that many Mainers pay for the supply of their electricity will decrease starting July 15, after the Maine Public Utilities Commission adjusted the rate. Overall electric bills will still rise, but not as much.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Stocks rise and bond yields jump after the latest signs of a resilient economy
Yields jumped in the bond market after data showed the U.S. economy grew at a 2% annual rate in the first three months of the year, much stronger than the 1.3% rate earlier estimated.
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Posted inBusiness, Maine, Politics
Families, business owners weigh implications of paid family leave, now likely to become Maine law
Patty Kidder said her family went bankrupt in the 1990s, and that it wouldn’t have happened if they had had access to paid leave. Other Mainers have different reactions.
Posted inBusiness, Nation & World, News
DeSantis’ lawyers propose pushing Disney trial schedule to August 2025, after elections
Earlier this week, DeSantis and his appointees to the Central Florida Tourism Oversight District asked the judge to dismiss the lawsuit, put it on hold, or drop them as defendants.
Posted inBusiness, Maine, News
Aroma Joe’s opens second Augusta location
The coffee shop at 3 Bangor St. is open daily from 4:30 a.m. to 9 p.m.
Posted inBusiness, Maine, News, Times Record
‘Maine has a brilliant future in space,’ NASA chief says during Brunswick visit
NASA Administrator Bill Nelson promoted Maine’s growing space industry as plans for the proposed Maine Space Complex get off the ground.
Posted inBusiness, Nation & World, News
Airline delays and cancellations are bad. Ahead of the holiday weekend, they’re getting worse
Air travelers have been putting up with widespread delays all month, and it’s continuing again, as bad weather rakes the Northeast.
Posted inBusiness, News
Is it a ‘richcession’? Or a ‘rolling recession’? Or maybe no recession at all?
Despite much higher borrowing costs, thanks to the Federal Reserve’s aggressive streak of interest rate hikes, consumers keep spending, and employers keep hiring.
Posted inBusiness, Nation & World
More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says
A report by the U.S. Small Business Administration inspector general says at least 17 percent of loans were awarded ‘to potentially fraudulent actors.’
Posted inBusiness, News
Maine home sales continued a familiar trend in May
The decline in sales volume and run-up in prices were similar to those in previous months, but an expert says there’s a ‘glimmer of hope’ for potential buyers.