President Biden has hit Russia with some of the broadest and toughest financial penalties that the world’s biggest economy can muster.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
U.S. firms brace for potential cyberattacks as Russia warns of ‘consequences’
American officials say there are no current threats against the U.S. But they have nonetheless urged organizations to plan for worst-case scenarios.
Big interest in auction of wind energy sites off New York and New Jersey
The largest auction of offshore wind sites in the nation’s history has drawn more than $1.95 billion worth of bids for 6 tracts.
Wall Street reels, recovers in wake of Ukraine invasion
Beyond its tragic human toll, the conflict looked set to send prices even higher at gasoline pumps and grocery stores around the world.
Fewest Americans collecting unemployment aid since 1970
Earlier this month, the Labor Department reported a surprising burst of hiring in January, with employers adding 467,000 jobs.
Subaru buyers caught up in right-to-repair fight over autos
To stymie independent repair shops, Massachusetts Subaru dealers are selling 2022 vehicles without in-car wireless technology.
Postal Service gets final approval to order new delivery vehicles
Environmental groups and officials have objected because only 10% of the vehicles would be electric-powered.
Committee endorses bill to monitor dental insurers in Maine
The proposal would ensure the insurers are spending enough on claims and improving care for customers.
Trudeau revokes emergency powers after Canada blockades end
The self-styled Freedom Convoy interrupted trade, causing economic damage on both sides of the border.
Wall Street losses mount amid Ukraine crisis
The potential for a war in Eastern Europe adds to investors’ concerns about rising inflation and the Fed’s plan to raise interest rates.