Business - Centralmaine.com

Business

Fed minutes: Officials cite strong hiring to justify hikes

by CHRISTOPHER RUGABER Associated Press January 4, 2023January 5, 2023

The board expects to raise interest rates this year more than they had previously forecast.

Business

Amazon, Salesforce jettison jobs in latest tech worker purge

by MICHAEL LIEDTKE and MICHELLE CHAPMAN AP Business Writers January 4, 2023January 5, 2023

Amazon said that it will be cutting about 18,000 positions and Salesforce is laying off about 8,000 employees.

Business

Egyptian pound sees largest single-day fall since IMF deal

by Associated Press January 4, 2023January 5, 2023

Since the start of 2022, the currency lost more than 60% of its value against the dollar.

Business

Coinbase to pay $100 million in settlement with New York regulators

by Associated Press January 4, 2023January 5, 2023

Officials citer significant failures in the cryptocurrency trading platform’s systems for spotting potential criminal activity.

Business, News

Supply chain woes caused U.S. auto sales to fall 8% last year

by TOM KRISHER AP Auto Writer January 4, 2023January 4, 2023

Analysts are expecting sales to grow by roughly 1 million to around 14.8 million this year as demand remains strong.

Business, Nation & World, News

Southwest Airlines’ meltdown loss could run $500 million to $700 million

by Kyle Arnold The Dallas Morning News January 4, 2023January 4, 2023

Southwest leaders have so far declined to put a price tag on the meltdown while they work to total the damages and process claims for reimbursement.

Business

Video game workers form Microsoft’s first U.S. labor union

by MATT O'BRIEN Associated Press January 3, 2023January 3, 2023

A ZeniMax senior game tester says their concerns about staff treatment and poor pay are common in the industry and ‘there’s not a lot of dignity involved.’

Business, Maine, Morning Sentinel

Drip City to relocate to downtown Waterville, allowing Buen Apetito to move on from parking dispute

by Zara Norman January 3, 2023January 4, 2023

After a parking dispute pushed Buen Apetito out of its 20-year locale at Railroad Square, its owners eyed the location of Drip City, a bar and arcade on West River Road, as a new home.