Brian Moynihan says the recent debate over whether the U.S. economy is technically in a recession or not is missing the point.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Uncategorized
Bank of America’s overdraft fees down 90% under new policy
Revenue is down after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.
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Posted inBusiness, Uncategorized
U.S. retail sales were flat in July as inflation takes a toll
Persistently high inflation and rising interest rates forced many households to spend more cautiously.
Posted inBusiness, Sports, Uncategorized
Musk tweet joking about buying Manchester United causes stir
Elon Musk tweeted Wednesday that he was buying the English soccer team.
Posted inBusiness
Lowe’s becomes latest employer to give workers inflation bonuses
Other businesses around the United States have been offering workers bonuses and gift cards to offset the cost of gas.
Posted inBusiness, Nation & World, News
Pharmacies must pay 2 Ohio counties $650 million in opioids lawsuit
A federal judge in Cleveland says in the ruling that the money will be used to abate a continuing opioid crisis in the counties outside Cleveland.
Posted inBusiness, Maine, News
Independent Maine auto repair shops pursuing right-to-repair referendum
The small, privately run repair shops say the auto industry’s grip on newer, advanced technology threatens consumers’ right to choose where they get cars fixed, or to even do the work themselves.
Posted inBusiness, Kennebec Journal, Maine
USDA awards MaineGeneral Community Care facilities in Augusta and Waterville $1 million to cover pandemic losses
The facilities, which provide services ranging from substance use disorder treatment to hospice care, lost more than $3.7 million during the first 15 months of the pandemic.
Posted inBusiness, Uncategorized
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Target shares slumped after the retail chain reported a nearly 90% skid in quarterly profits.
Posted inBusiness, New England
Massachusetts art museum workers schedule one-day strike
About 100 full- and part-time employees of the Massachusetts Museum of Contemporary Art are frustrated with contract negotiations.