The administration is increasingly looking for ways to spare Americans from higher prices at the pump, which began to climb last year and surged after Russia invaded Ukraine in February.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine Cannabis Report, Nation & World
New York mayor won’t be ‘heavy-handed’ on illicit cannabis sales: ‘Enjoy yourself, light up’
Eric Adams directs authorities to steer illegal sellers toward the state’s soon-to-launch legal market.
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Posted inBusiness, Maine
Maine business group seeks rare deal to export ‘cape shark’ to Cuba
Although U.S. export to the Caribbean’s largest island is rare, the Maine delegation’s leader is a seasoned veteran of Cuban trade and one of few Americans with an export license.
Posted inBusiness
Fed’s interest rate hikes may mark start of tough new economic climate
Decades of falling rates give way to higher borrowing costs and new math for investments.
Posted inBusiness
Maryland Apple workers face hurdles after historic vote to unionize
Employees voted to unionize by a nearly 2-to-1 margin Saturday, joining a growing push across U.S.
Posted inBusiness, Maine
New England fuel dealers plot their future in a rapidly electrifying world
As more mandates and incentives are rolled out to fight climate change, a strategy emerges to cast doubt on electrification while talking up renewable liquid fuels.
Posted inBusiness, Nation & World
Bitcoin drops below $20,000 for first time since 2020
Investors are selling off riskier assets because central banks are raising interest rates to fight inflation.
Posted inBusiness, Nation & World
Warren Buffett’s final charity lunch draws record $19 million bid
The meal with the Berkshire Hathaway CEO was offered on an eBay auction.
Posted inBusiness, News
Central Maine business briefs: KeyBank holds Neighbors Make the Difference Day
People & Places: FirstPark installs new digital signage in Oakland.
Posted inBusiness, Maine, Outdoors, Sports
Maine Boatbuilders Show canceled because of ‘struggling economy’
The annual event, which dates back 3 decades, had been scheduled for July 15-17 at Portland Yacht Services.