The market’s latest gains come a day after the Federal Reserve raised its key interest rate for the first time since 2018, something Wall Street had been expecting for months.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Waterville program looks to boost startups, entrepreneurial efforts in central Maine
Initiative by Dirigo Labs to provide free training to 12 small businesses in ways to attract customers, develop products, navigate legal and financial hurdles, conduct marketing and more.
Russian businesses in U.S. face backlash from war in Ukraine
Americans angered by Russia’s war on the Eastern European country are taking it out on Russian businesses, brands or anything that sounds Russian.
Russia’s bond payment is in limbo as countdown to default begins
If Russia’s creditors don’t get the cash in dollars within the 30-day grace period that starts on Thursday, it would be the first time the nation defaulted on foreign-currency bonds since the Bolsheviks repudiated the czar’s debts in 1918.
U.S. rent inflation hits new high, led by Miami with 39% rate
Single-family rental prices jumped 12.6% from a year earlier, according to the latest CoreLogic Single-Family Rent Index.
California settles with ‘drinkable sunscreen’ maker
UVO agrees to a legal settlement to resolve allegations of deceptive advertising.
Gas prices send British prime minister to UAE, Saudi Arabia
Boris Johnson presses the leaders to release more oil and invest in the U.K.’s renewable energy transition.
‘Market got what it wanted’: Stocks close broadly higher
The Nasdaq composite climbs 3.8 percent, its biggest gain since November 2020.
Lake Powell, power source for millions in the West, hits historic low
Officials say more needs to be done to ensure Glen Canyon Dam on the Colorado River can keep producing hydropower.
Disney workers plan walkouts over ‘Don’t Say Gay’ bill
The Florida measure bars instruction on ‘sexual orientation or gender identity’ in kindergarten through grade 3.