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Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News
U.S. has over 750 complaints over Teslas braking for no reason
Many owners wrote in their complaints that they feared a rear-end crash on a freeway.
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Posted inBusiness, Nation & World
U.S. added 390,000 jobs in May as hiring remained robust
Businesses in many industries remain desperate to hire because their customers have kept spending freely despite intensifying concerns about high inflation.
Posted inBusiness
Stocks shake off wobbly start, end higher
Trading is choppy as investors worry about inflation and the interest rate hikes the Fed is using to fight it.
Posted inBusiness, Maine, News
Kennebec River dam owner dismisses state fish passage plan as counterproductive
Brookfield Renewable and the state disagree on a suitable solution to let endangered Atlantic salmon and other river-run fish pass the Shawmut Dam in Fairfield to reach spawning grounds in the Sandy River.
Posted inBusiness, News
Skowhegan Savings to build new bank branch in Farmington
The building will be on a 1.28-acre lot on Wilton Road.
Posted inBusiness, Nation & World
Red-hot summer job market awaits U.S. teens
This is expected to be the best summer job market for teens in 15 years.
Posted inBusiness, Nation & World
Fewer Americans, including Mainers, apply for unemployment benefits last week
Last month, the government reported America’s employers added 428,000 jobs in April, leaving the unemployment rate at 3.6%.
Posted inBusiness, News
U.S. pump prices hit record as OPEC+ producers gather
OPEC has thus far taken the stance that it can’t supply more oil to make up for production lost due to sanctions against Russia.
Posted inBusiness, Nation & World
Biden cites strain on families from infant formula shortage
A third round of shipments will begin next week from Kendamil in Britain and Bubs Australia.