The head of the Federal Reserve made the remarks Wednesday at a European Central Bank forum in Sintra, Portugal.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Sale puts Ben & Jerry’s ice cream back in West Bank, kind of
Unilever says it has reached a new business arrangement in Israel that will effectively end Ben & Jerry’s policy of not selling ice cream in annexed east Jerusalem and the occupied West Bank.
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Posted inBusiness, Maine, Morning Sentinel, News
Developer buys 4 lots at Oakland business park for large solar array project
More than 6,000 solar panels will be installed at FirstPark, adjacent to Interstate 95, and officials say the electricity that will be generated will benefit residential and commercial users.
Posted inBusiness, Nation & World
U.S. economy slipped 1.6% to start year, but growth is expected to return
It was the first drop in gross domestic product – the broadest measure of economic output – since the second quarter of 2020, in the depths of the COVID-19 recession.
Posted inBusiness, Nation & World
Big majority of Americans say nation on wrong track, poll finds
A total of 79% describe the economy as poor, according to new survey from The Associated Press.
Posted inBusiness, Kennebec Journal, Maine
Hobby Lobby, Harbor Freight Tools eye expansion into Augusta
The national chains are looking to occupy retail space in the former Sears building at Turnpike Mall off of Western Avenue.
Posted inBusiness, Food & Dining
Kneading Conference returns to Skowhegan for 15th year
Also, a new bakery opening in the West End will offer pay-forward options, Definitive Brewing opens a beer garden in Old Orchard Beach and Dover-Foxcroft celebrates a new bar and lounge.
Posted inBusiness
‘Silicon Heartland’ boon for Ohio, but families mourn homes
Those who have called rural land home for generations are lamenting the loss of their property to a massive development project.
Posted inBusiness
Instagram hides some posts that mention abortion
In some cases, it’s requiring users to confirm their age before letting them view posts offering information about the procedure.
Posted inBusiness, Maine, News
Whale entanglements drop, but remain major threat, government reports
Four of the 53 whales entangled in 2020 were North Atlantic right whales, which are in the midst of population decline due to recent years of high mortality and poor reproduction.