People & Places: Maine State Credit Union helps send kids to summer camp.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Warship to be named for LBJ heads to ocean for sea trials
The future USS Lyndon B. Johnson, built at Bath Iron Works hit the Atlantic Ocean for the first time.
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Posted inBusiness, Nation & World
Stocks rally to records, with relief that rates will remain low
Stocks have set record after record this year thanks in large part to the Federal Reserve’s massive efforts to prop up the economy and financial markets.
Posted inBusiness, Nation & World
COVID-19 surge pummels Hawaii and its native population
The governor is urging tourists to stay away and residents to limit travel, and leaders are reimposing caps on sizes of social gatherings.
Posted inBusiness, Maine, News
Prime Automotive reportedly looking to sell all dealerships in Maine
Automotive News reports that the company wants to sell all 31 of its dealerships by the end of the year, including the seven it owns in Maine.
Posted inBusiness, Nation & World
Consumer spending up only 0.3% as delta threatens
Last month’s spending was not even a third of the 1.1% rise in June, the Commerce Department reported Friday.
Posted inBusiness, Nation & World, News
Powell signals Fed may start removing pandemic-related support to economy
The central bank has been buying $120 billion a month in mortgage and Treasury bonds to try to hold down longer-term loan rates to spur borrowing and spending.
Posted inBusiness, Nation & World, News
CVS limits purchases of rapid COVID-19 tests, citing demand
The renewed demand for testing has arisen just as the delta variant threatens many people’s plans to return to work and school this fall.
Posted inBusiness, Nation & World, News
Apple loosens app store payment rules in lawsuit settlement
The concession is part of a preliminary settlement of a nearly 2-year-old lawsuit filed on behalf of iPhone app developers in the U.S.
Posted inBusiness, Maine, Nation & World, Religion and Values
Conservative shift on U.S. Supreme Court could affect legal challenge to Maine’s vaccine mandate
The lawsuit is challenging the state’s vaccine mandate for health care workers over its lack of a religious exemption, and it could become a test case on whether such mandates must include religious exemptions.