But some critics say a government investigation of solar imports from Southeast Asia is hindering President Biden’s ambitious climate goals.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Tech sector leads stocks lower as inflation remains high
Economists say the latest inflation report will keep the Fed on track for rapid and potentially sharp increases in interest rates in upcoming months.
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Posted inBusiness, Health, Lewiston-Auburn, News
‘A very difficult day’: St. Mary’s Regional Medical Center to end maternity services
The hospital cites declining birth rates as part of the reason for ending its women’s health services at the end of July.
Posted inBusiness, Nation & World, News
Biden sees bigger role for U.S. farms because of war in Ukraine
The president visits a family farm in Illinois as his administration announces three policy shifts to help American farmers amid global challenges.
Posted inBusiness, Nation & World, News
U.S. inflation dips from four-decade high but still causing pain
Wednesday’s report on consumer prices contained some cautionary signs that inflation may be becoming more entrenched.
Posted inBusiness
Bill Gates says he has COVID, experiencing mild symptoms
Microsoft co-founder Bill Gates says he has tested positive for COVID-19.
Posted inBusiness, Maine
Power corridor developer defends embattled project before Maine’s highest court
The Maine Supreme Judicial Court heard two separate cases Tuesday involving the contested NECEC power line project.
Posted inBusiness, Nation & World
Carvana cuts 2,500 jobs, execs to forgo pay for severance
The layoffs come just a few weeks after Carvana posted a $506 million loss in the first quarter, six times larger than the same period a year ago.
Posted inBusiness, Nation & World
Parents hunting for baby formula as shortage spans U.S.
Retailers have started limiting purchases to 3 containers per customer.
Posted inBusiness, Nation & World
Elon Musk says he would reverse Twitter’s ban of Donald Trump
The billionaire, who plans to buy the social media company, said permanent bans of Twitter accounts should be rare and reserved for accounts that are scams or automated bots.