The Fed’s inflation-fighting policies risk slowing the economy too much and pushing it into a recession.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Railroad CEO ‘sorry,’ but avoids specifics on Ohio train derailment at Senate hearing
Norfolk Southern’s CEO is apologizing to Congress and pledging millions of dollars to help East Palestine, Ohio, recover from last month’s fiery train derailment.
advertisement
Posted inBusiness
GM offers buyouts to most U.S. salaried workers to trim costs
General Motors’ offers also extend to some global executives as it makes the transition to electric vehicles. Its goal is to sell only electric passenger vehicles by 2035.
Posted inBusiness
IRS nominee Daniel Werfel confirmed by Senate vote
Six Republicans broke party ranks to back him as commissioner, and a lone Democrat, West Virginia’s Joe Manchin, voted against him.
Posted inBusiness, Schools and Education
Jaded with education, more Americans are skipping college
Fewer college graduates could worsen labor shortages in fields from health care to information technology. For those who forgo college, it usually means lower lifetime earnings.
Posted inBusiness, Maine
Paper mill in Jay is no longer making any paper
A town that relied on paper mills faces a future without them for the first time in more than 130 years.
Posted inBusiness, Maine, Morning Sentinel
State offers support services to furloughed workers at Puritan Medical Products in Pittsfield
State and local officials are looking to assist the 251 employees furloughed by Puritan after the company saw a decrease in demand for the medical swabs it produces.
Posted inBusiness, Nation & World
Adidas wonders what to do with Yeezy shoes after Ye split
The company is stuck with $1.3 billion worth of product after its breakup with the rapper formerly known as Kanye West.
Posted inBusiness
U.S. probes Tesla Autopilot, steering wheels that can come off
As many as 120,000 Model Y SUVs could have steering wheels missing a crucial bolt.
Posted inBusiness
Founder of Love’s Travel Stops dies in Oklahoma at age 85
The convenience store chain started by Tom Love is known for its tractor-trailer maintenance and in-store showers.