The state is allowing pre-rolled product sales to resume following an outcry over one of the most profitable items for both medicinal and recreational industries.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Average long-term U.S. mortgage rates tumble to 6.61%
The rate for a 15-year mortgage, popular with those refinancing their homes, fell to 5.98% from 6.38% last week. It was 2.39% one year ago.
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Posted inBusiness, Nation & World, News
Russia-Ukraine grain deal extended for 4 more months, helping ease global shortage
The original deal was signed by Ukraine and Russia during separate agreements with the U.N. and Turkey on July 22 and due to expire Saturday.
Posted inBusiness
House panel to hold hearing on crypto exchange FTX collapse
FTX filed for bankruptcy protection last week, leaving investors and customers staring at losses that could total in the billions of dollars.
Posted inBusiness
Rising food costs take a bite out of Thanksgiving dinner
Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples.
Posted inBusiness
Key Fed official says he’s open to slowing hikes in December
Christopher Waller and some other Federal Reserve officials have suggested that the central bank will likely slow the pace of its interest rate hikes beginning in December.
Posted inArts & Entertainment, Business, Nation & World, Sports
Tom Brady, Larry David, other celebrities named in FTX suit
The class-action lawsuit against the cryptocurrency exchange argues that their celebrity status made them culpable for promoting the firm’s failed business model.
Posted inBusiness, Maine, News
Tentative settlement reached in Summit Natural Gas rate hike request
The Office of the Public Advocate negotiates a proposed 200% rate hike down to 49%. The PUC still must review the proposal before it can be approved.
Posted inBusiness, Nation & World, News
Amazon begins mass layoffs among its corporate workforce
The online retail giant saw sizable profits during the COVID-19 pandemic, as homebound shoppers purchased more items online, but consumers now rely less on ecommerce.
Posted inBusiness, Maine, News, Uncategorized
Power supply rates for most CMP customers to rise again in 2023
Utility regulators blame high natural gas prices on the continued surge in electric supply rates.