The decision on the Willow project – which some environmentalists have dubbed a ‘carbon bomb’ – is politically perilous for President Biden, who campaigned on pledges to end new drilling on public lands.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Federal Reserve lifts rate by quarter-point and signals more hikes ahead
The central bank’s latest move put its benchmark short-term rate in a range of 4.5% to 4.75%, its highest level in about 15 years.
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Posted inBusiness, Nation & World, News
U.S. job openings rise in December to 11 million
Economists had expected job openings to drop slightly in December.
Posted inBusiness, Nation & World, News
Biden to Congress: Eliminate ‘junk’ fees for resorts, cable, airlines
Among the president’s targets is the concert venue owner and promoter Live Nation.
Posted inBusiness, Maine, News
Competitive power supply market isn’t working, report says
Allowing consumers to choose their electricity supply companies has failed to lower rates for home customers, according to recommendations given to the Legislature on Wednesday.
Posted inBusiness, Food & Dining, Maine, News
Steeper by the dozen: Avian flu sends egg prices soaring
The disease has driven prices up and supplies down, affecting Maine farms, stores, restaurants and egg lovers in different ways.
Posted inBusiness
There’s a new one-stop shop for crystals and fossils in Farmington
Nature Boy Jim’s Crystal Emporium has opened a new shop downtown, where crystals, minerals, and fossils can be purchased in store or over Facebook or Instagram.
Posted inBusiness, Maine, Morning Sentinel
After stressful few weeks, popular Waterville restaurant reopens its doors at new location
Buen Apetito, a mainstay in the Waterville restaurant scene for two decades, can now be found at 99 West River Road after a dispute over parking led to its departure from the Railroad Square complex.
Posted inBusiness
U.S. wage growth slowed in final quarter of 2022
Despite the recent report, the Federal Reserve likely won’t stop raising interest rates.
Posted inBusiness
Boeing bids farewell to an icon, delivers last 747 jumbo jet
The company and its rival Airbus have introduced more profitable and fuel efficient wide-body planes.