Statewide home sales volume declined by nearly 10% from a year earlier, mirroring regional and national decreases.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Existing home sales in U.S. surge as interest rates point higher
Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January.
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Posted inBusiness, Nation & World, News
Maine, U.S. unemployment claims fall to new pandemic low
The lower numbers are evidence that layoffs are declining as companies hold on to workers.
Posted inBusiness, Nation & World
Stocks end higher, bringing S&P 500 to the cusp of a record
Stocks ended higher on Wall Street Wednesday, bringing the S&P 500 to the brink of another record high
Posted inBusiness
Lower-income Americans starting to opt out of holiday spending
A survey released Wednesday shows that 11.5 percent of U.S. holiday shoppers say they plan not to spend anything on gifts and services this holiday
Posted inBusiness, Nation & World
Walgreens begins testing drone delivery in Texas
Walgreens will begin flying packages by drone to residents in a pair of Texas cities in partnership with Google’s drone-making affiliate, Wing
Posted inBusiness, Health, Nation & World
Gates Foundation to spend $120 million on access for COVID-19 pill
The foundation says it wants to boost access to generic versions of drugmaker Merck’s antiviral COVID-19 pill for lower income countries, if the drug gets approved by regulators,
Posted inBusiness, Nation & World
Fed survey finds economy facing supply chain, other drags
The Federal Reserve reports that the economy was facing a number of headwinds at the start of this month from supply chain disruptions and labor shortages to uncertainty about the delta variant of COVID.
Posted inBusiness, Nation & World
Food shortages are the next supply-chain crunch
There’s plenty of food but transportation delays are rising.
Posted inBusiness, Nation & World
Businesses nervously await fine print of vax-or-test rule
The regulation covers about 80 million U.S. workers