The modest gains were led by technology stocks, which have been choppy in recent days.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Senate Democrats push rival bill sanctioning Russia over Ukraine
They seek to derail a Republican proposal that the White House fears could undermine unity with European allies.
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Posted inBusiness, Nation & World
U.S. posted smallest monthly deficit in 2 years in December
In the October-December period, government revenues were up 30.1% compared to the same period a year ago.
Posted inBusiness, Nation & World
Interior to hold auction for offshore wind power in New York, New Jersey
The Biden administration says it will hold its first offshore wind auction next month
Posted inBusiness, Kennebec Journal, Maine
Anonymous $500,000 gift to Johnson Hall prompts Gardiner theater to begin effort to double amount
The $500,000 gift from an anonymous donor will fund a match challenge to cover the cost of renovating the 400-seat theater at Gardiner’s historic opera house that’s scheduled to get underway in April.
Posted inBusiness, Maine
Portland jetport’s primary runway to close for nearly 2 months this spring
Air traffic patterns will shift as takeoffs and landings are diverted to the airport’s north-south runway while work is done on the main one.
Posted inBusiness, Nation & World
U.S. inflation soared 7% in past year, the most since 1982
Prices rose sharply in 2021 for cars, gas, food and furniture as part of a rapid recovery from the pandemic recession.
Posted inBusiness, Nation & World
Medicare limits coverage of $28,000-a-year Alzheimer’s drug
For Medicare to pay, patients taking Biogen’s Aduhelm medication will have to be part of clinical trials to assess the drug’s effectiveness and safety.
Posted inBusiness
U.S. shoppers find some groceries scarce due to virus, weather
Part of it is because of pandemic trends that have never abated. Shipping delays also remain an obstacle for retailers.
Posted inBusiness
Fed chair: High inflation poses a threat to job market
Millions of Americans have retired early, or are avoiding jobs because of fear of COVID-19 and Jerome Powell says the central bank had anticipated that more of those people would return to the workforce than have done so.