Since 1950, September has brought an average loss of 0.5 percent for the S&P 500.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Stocks end mixed on Wall Street, S&P 500 ekes out a gain
The mixed finish comes as traders look ahead to the Labor Department’s latest monthly job market snapshot Friday.
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Posted inBusiness, Nation & World
New online dashboard helps flyers with delays, cancellations
Starting Thursday, travelers will be able to use the dashboard to see what kinds of guarantees, refunds or compensation the major domestic airlines offer in case of flight delays or cancellations.
Posted inBusiness
Fed is hoping August hiring report will show slowdown
A weaker pace of hiring should help moderate wage increases and lift hopes that inflation pressures are starting to ease.
Posted inBusiness, Maine, News
Thirteen Mainers talk about why they made a job change
Employers have struggled to fill positions since the pandemic upended Maine’s workforce
Posted inBusiness, Health, Maine, News
Health insurance premiums for Maine small businesses to decline slightly in 2023
The Mills administration credits a reform combining individual and small-market plans, but Republicans call the 0.8 percent decrease ‘a one-time, election-year minuscule savings.’
Posted inBusiness, Nation & World, News
Mortgage rates rise to 5.66%, weigh on housing market
A once red-hot housing sector has cooled considerably, with many potential home buyers getting pushed out of the market as higher interest rates have added hundreds of dollars to monthly mortgage payments.
Posted inBusiness, Nation & World, News
Fewer Americans file for jobless benefits last week
Applications for jobless aid for the week ending Aug. 27 fell by 5,000 to 232,000.
Posted inBusiness, Food & Dining, Maine
Arizona lobster roll chain buys processing plant and wharf in Maine
Owning the facilities eliminates middlemen, which the company says allows it to pay its workers competitive wages and keep lobster roll prices cheap for customers in the Southwest.
Posted inBusiness, Nation & World
IRS revokes tax-exempt status of North Carolina NAACP
The status change was made public this month.