Stock prices are down about 20% since famed investor Jeremy Grantham warned early this year that they were in a ‘super bubble.’
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
European leaders ink energy deals in bid to sidestep Russia
Fears of a complete natural gas cutoff by Russia are escalating.
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Posted inBusiness, Uncategorized
Wall Street rally fades as corporate profit reports ramp up
Stocks closed lower Monday after an early gain evaporated in the afternoon.
Posted inBusiness, Maine
Inflation forces Maine DOT to cut back on projects
Transportation officials have rejected 7 bids for $28 million in road and bridge work so far this year because construction prices are outpacing state estimates.
Posted inBusiness, Nation & World
Climate aid, war fallout feature at Berlin climate talks
European nations vowed to fulfill their climate targets even as the war in Ukraine prompts some to seek new fossil fuel sources and turn at least temporarily to coal to make up for shortfalls in Russian energy deliveries.
Posted inBusiness, Kennebec Journal, Maine
Augusta coffee shop inquiry for Cony Circle prompts temporary ban due to traffic, safety concerns
Augusta city councilors have enacted an emergency moratorium on any new businesses that would increase traffic volume at the city’s two circles over safety concerns at intersections that already lead the state with most annual crashes.
Posted inBusiness, Maine Cannabis Report
New York cannabis regulators approve rules for retail sales
Some changes are also made to the state’s medical marijuana program so it aligns with regulations for the retail industry.
Posted inBusiness, Nation & World, News
Remote work fueled U.S. productivity growth during pandemic, study says
Productivity in work-from-home services businesses, which includes information and finance, grew 3.3% between the beginning of 2020 and early 2022.
Posted inBusiness, Maine Cannabis Report
California may require health warning labels on cannabis products to deter underage use
Opponents say labeling would be expensive and unnecessary, since marketing cannabis to children is already prohibited.
Posted inBusiness, Maine, News
Teens surge into Maine’s workforce
The number of 14- and 15-year-olds getting work permits is on track to set a new record this year as a new cohort of young Mainers rush to fill gaps in the state’s workforce.