Criticism of the central bank has grown in recent months as inflation has jumped to 30-year highs.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
YouTube will block videos with misinformation about vaccines
The video-sharing platform says it will no longer allow users to baselessly speculate that approved vaccines, like the ones given to prevent the flu or measles, are dangerous or cause diseases.
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Posted inBusiness
Consumer confidence slides for 3rd consecutive month
Worries about the coronavirus and concerns about inflation dampen sentiment.
Posted inBusiness
Ford goes all-in on electric vehicles with massive multibillion-dollar investment
Two plants will be built in Kentucky, one in Tennessee.
Posted inBusiness, Nation & World
Cherokee Nation reaches $75 million settlement with 3 drug companies
The settlement will be paid out over 6 1/2 years.
Posted inBusiness
Spike in bond yields spooks investors, deflates tech stocks
The S&P 500 and the Nasdaq have their biggest drop in months.
Posted inBusiness, Nation & World
Yellen says infrastructure overhaul will U.S. boost economy
The Treasury secretary calls on Congress to support the Biden administration’s $3.5 trillion ‘Build Back Better’ initiative.
Posted inArts & Entertainment, Business, Nation & World
Disney World opened 50 years ago; these workers never left
They are among two dozen of 6,000 from Oct. 1, 1971, still employed at the theme park resort as it celebrates its anniversary on Friday.
Posted inBusiness, Maine
Maine utility regulators order preliminary probe of CMP management structure
The Public Utilities Commission has asked Central Maine Power to produce a ‘performance plan’ that outlines how the utility will maintain progress on recent improvements and address concerns raised by a recent audit.
Posted inBusiness, Maine, News
Canadian dam owner sues Maine over alleged effort to remove 4 Kennebec River dams
Brookfield Renewable argues state agencies are violating a binding river management agreement in their fight over the future of Atlantic salmon.