Friday’s tumble may have been exacerbated by many traders taking the day off after Thanksgiving.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Powell says COVID variant clouds inflation, economic outlook
The Federal Reserve chair will deliver prepared remarks to the Senate Banking Committee on Tuesday.
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Posted inBusiness, Maine
Environmental groups seek suspension of power line project’s federal permits
The groups have asked the U.S. Army Corps of Engineers and U.S. Department of Energy to suspend permits for New England Clean Energy Connect, citing the project’s other recent setbacks.
Posted inBusiness, Maine, Morning Sentinel
Historic Fairfield building looks to become popular year-round destination
In the past, the Victor Grange was unable to host events in the winter months because of the cold, but the addition of insulation provides more opportunities for using the building.
Posted inBusiness, Maine Cannabis Report
Group forms to help give equal access to Connecticut’s new cannabis market
By law, marijuana legalization in the state must benefit minority communities harmed by the war on drugs. The Alliance for Cannabis Equity aims to make sure that happens.
Posted inBusiness, Maine Cannabis Report, Politics
South Dakota Supreme Court nullifies voter-approved pot legalization
The court rules that a constitutional amendment legalizing hemp, medical marijuana and recreational marijuana unfairly forced a choice on voters who supported legalizing one, but not all three.
Posted inBusiness, Maine Cannabis Report, Nation & World
Cannabis pizza won’t get you high or be a big seller, but that isn’t the point
A fast food chain in Thailand says its “Crazy Happy Pizza” is all about being trendy.
Posted inBusiness, Nation & World
Twitter CEO Jack Dorsey steps down
Parag Agrawal, the current chief technology officer, will succeed him.
Posted inBusiness, Maine
Gas prices up again in northern New England despite trends
Prices in Maine were up last week, but less than a cent per gallon.
Posted inBusiness, Maine
Researchers trying to produce potato resistant to climate change
Maine is coming off a banner potato crop, but UMaine researchers fear a more heat-tolerant variety is needed.