Worries about a possible recession and rising bond yields put the squeeze back on markets.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
In one tiny German town, nobody worries about energy bills
Most Europeans are watching their energy bills soar as the war in Ukraine drives up the price of natural gas, oil and electricity. Feldheim has been energy self-sufficient for a decade.
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Posted inBusiness, Nation & World, News
Senate passes stopgap bill to avert shutdown, aid Ukraine
The bill finances the federal government through Dec. 16 and buys lawmakers more time to agree on legislation setting spending levels for the 2023 fiscal year.
Posted inBusiness, Nation & World, News, Politics, Schools and Education
Republican states sue Biden administration over student loan plan
It’s at least the second legal challenge this week to the sweeping debt-relief proposal laid out by President Biden in late August.
Posted inBusiness, Nation & World, News
U.S. economy shrank at 0.6% annual rate from April through June
It marked the second consecutive quarter of economic contraction, one informal rule of thumb for a recession.
Posted inBusiness
UK central bank intervenes in market to halt economic crisis
The Bank of England took emergency action Wednesday after the government spooked investors over unfunded tax cuts.
Posted inBusiness
Why free swag at bars, hotels is so important to brands
‘It’s nice to hold a physical object and feel transported to a (past) experience,’ says Sean Wilkinson of Might & Main, a studio in Portland that works on branding for clients in the hospitality industry.
Posted inBusiness
Stocks rally, bonds soar in relief after UK central bank calms markets
The Bank of England took emergency action Wednesday after the UK government spooked investors over unfunded tax cuts.
Posted inBusiness, Nation & World, News
Record greenhouse gas leak flows from damaged Baltic Sea pipelines
A Danish official says the Nord Stream gas leaks in the Baltic Sea could emit the equivalent of one-third of Denmark’s total annual greenhouse gas emissions.
Posted inBusiness, Maine, News, Uncategorized
Judge schedules April trial in electricity corridor case
The latest phase of a lawsuit will determine whether the builders of the 145-mile transmission line had done enough work to have ‘vested rights’ in the project, which would nullify a state referendum vote to block it.