One economist says first-time buyers will be locked out of ownership until ‘prices come back to earth or mortgage rates turn back down.’ Neither are likely to happen soon.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
U.S. bird flu case puts chicken, turkey farms on high alert
The strain – H5N1 – is related to the 2015 virus that killed 50 million birds and was considered the most expensive animal health disaster in U.S. history.
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Posted inBusiness, Maine
As energy costs rise, Maine lawmakers consider new plan to ease ratepayers’ pain
A bill under review in the Legislature would pursue a holistic, long-term approach to lowering costs for Maine energy consumers.
Posted inBusiness, Nation & World
Sandy Hook families settle case against gun maker for $73 million
The families and a survivor of the elementary school massacre sued Remington in 2015, saying the company should have never sold such a dangerous weapon to the public.
Posted inBusiness, Nation & World
A-Rod, once scorned by Trump, joins those buying his D.C. hotel
His involvement in the $375 million deal would make the athlete-entrepreneur an unlikely financial savior for the ex-president.
Posted inBusiness, Nation & World, Politics
Trump’s accountant says his financial statements aren’t reliable, severs ties
The New York attorney general says the documents regularly misstated the value of assets.
Posted inBusiness, Nation & World, Politics
Trump’s accountant says his financial statements aren’t reliable, severs ties
The former president had given a yearly snapshot of his holdings to banks to secure hundreds of millions of dollars worth of loans on properties such as a Wall Street office building and a Florida golf course.
Posted inBusiness, Nation & World
Billionaire plans new SpaceX mission with spacewalk
Jared Isaacman is taking three passengers with him to launch from Kennedy Space Center.
Posted inBusiness
Stocks close lower amid Ukraine tensions
Wall Street also is trying to gauge how the economy will be affected by the Federal Reserve’s move to raise rates to quash inflation.
Posted inBusiness, Nation & World
Mexican president sees conspiracy behind avocado ban
The U.S. suspended imports Saturday after a threat against an American plant safety inspector.