The year-over-year increase, down from 8.2% in September, was the smallest rise since January.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
U.S. plan to tap businesses for green finance meets resistance
Climate experts said the plan, unveiled Wednesday by U.S. envoy John Kerry at the COP27 climate summit, would give polluters a license to keep polluting.
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Posted inBusiness
Cryptocurrencies plunge as Binance scraps deal for rival FTX
Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal.
Posted inBusiness, Nation & World, News
Elon Musk sells $3.95 billion worth of Tesla stock
In all, Musk has sold more than $19 billion worth of Tesla stock since April, likely to fund his share of the Twitter purchase.
Posted inBusiness, Nation & World, Uncategorized
Facebook parent Meta cuts 11,000 jobs, 13% of workforce
Facebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes.
Posted inBusiness, News
Wall Street rises ahead of election results, inflation data
Stocks are also moving on corporate profit reports, as earnings season enters its tail end.
Posted inBusiness
Want employees to come to the office? Pick up their laundry and welcome their dogs
Companies are establishing game rooms, mental health spaces and aromatherapy to attract staff to return to the office – and keep them there.
Posted inBusiness, Nation & World
U.S. presses, but Russia reluctant on Ukraine grain deal
The warring countries supply about 30 percent of the world’s exported wheat and barley.
Posted inBusiness
Tyson Foods heir and CFO charged with public intoxication
He was charged with public intoxication and criminal trespassing and released late Sunday on a $415 bond.
Posted inBusiness
Wall Street climbs ahead of Election Day, inflation data
Monday’s gains for Wall Street came despite a shaky showing for its most influential stock.