Investors are trying to determine what’s next for inflation and the global economy as the repercussions of Russia’s invasion of Ukraine continue to play out.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Low poll marks for Biden on economy as prices rise
About 7 in 10 Americans say the nation’s economy is in bad shape, and close to two-thirds disapprove of the president’s handling of it.
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Posted inBusiness, Maine, Morning Sentinel
Steelworkers union reaches contract agreement with Sappi’s Skowhegan mill
The 3-year agreement with United Steelworkers Local 9 covers about 465 workers at the mill and includes a 3% pay increase each year of the contract.
Posted inBusiness, Maine
Maine’s economy edged closer to pre-pandemic employment in February
The state gained 3,200 jobs last month, largely in healthcare and social assistance, leisure and hospitality, and construction.
Posted inBusiness, News
Chip shortage forces GM to pause pickup truck production at Indiana plant
Automakers and many analysts say the chip shortage will ease but not return to near normal levels until 2023.
Posted inBusiness, Nation & World
EU agrees on new digital rules to rein in Big Tech dominance
The rules seek to prevent tech giants such as Google and Facebook parent Meta from dominating digital markets, with the threat of whopping fines.
Posted inBusiness, Nation & World
Ukraine war drives U.S., EU deal to undercut Russian energy
Under the plan, the U.S. and other nations will increase liquified natural gas exports to Europe this year.
Posted inBusiness, News
Private equity firm announces $30 million investment in Jocko Fuel in Jay
JAY — Goode Partners, a New York-based private equity firm, has announced a $30 million investment in Jocko Fuel, a rapidly growing provider of premium sports and lifestyle nutritional products. JOCKO FUEL is the new entity. Previously, Origin Labs owned the primary brand Jocko Fuel and the headquarters and warehouse/distribution location in Jay, Nicole Beach, […]
Posted inBusiness, Maine
Most Maine counties have grown thanks to in-migration
New census figures for April 2020 to July 2021 show growth in 14 of 16 counties, driven by in-migration that was strong enough to offset a natural decrease in population.
Posted inBusiness, Nation & World
Stocks close higher as choppy trading persists, oil slips
The fluctuation in energy prices has been one factor pushing and pulling the broader stock market.