NASA plans to use the world’s most powerful rocket ever built to land astronauts on the moon as early as 2025.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News, Politics
Defense contractors charged with making illegal contributions to Sen. Collins’ 2020 campaign
The Collins for Senator Campaign says the indictment handed down Thursday in Washington, D.C., contains ‘no allegations of wrongdoing’ by the campaign.
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Posted inBusiness
Family-owned Farmington company worried they could get slapped with $300,000 in tariffs on goods from China
Kemp Enterprises, a wholesale and craft wood company based in Farmington, said they are still waiting for a bill from U.S. Customs and Border Protection.
Posted inBusiness
Center for Entrepreneurial Studies launches Makerspace in Farmington
The program teaches participants how to build their brands, create products and find creativity and “empowerment.”
Posted inBusiness, Kennebec Journal, Maine
Vassalboro official had ordered marijuana growing business to close prior to fire
Medical marijuana cultivation business on Webber Pond Road that was destroyed in an accidental fire Monday had failed to secure town approvals to operate as a commercial business and as a marijuana business.
Posted inBusiness
Stocks slump, bond yields soar after a hot inflation reading
Volatile trading on has been the norm on Wall Street this year as investors try to gauge how much and how quickly the Fed will raise interest rates to tame surging inflation.
Posted inBusiness, Maine, Morning Sentinel
Amish waste little time in rebuilding landmark Unity store destroyed by fire
The walls and roof of the new Unity Community Market already are in place just three weeks after a fire destroyed the building.
Posted inBusiness
States get go-ahead to build electric car charging stations
The administration on Thursday announced the availability of $5 billion in federal money to states over five years under President Joe Biden’s infrastructure law.
Posted inBusiness
U.S. inflation highest in 40 years, with no letup in sight
Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy
Posted inBusiness, Maine
The Cat ferry will resume service from Bar Harbor after yearslong hiatus
The high-speed ferry hasn’t run since 2018, sidelined by construction delays and the pandemic.