Many economists think the Fed will formally announce a pullback in November, in response to a steady recovery from the pandemic recession and an acceleration in inflation.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
American Airlines partners with Bill Gates and puts up $100 million for green tech research
It is aimed at spurring research into technologies to lower carbon emissions.
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Posted inBusiness, Nation & World
Lawsuit: Ida outages due to ‘gum and super glue’ at utility
A lawsuit alleges that Louisiana’s largest electric utility used a ‘bubble gum and super glue’ approach to maintenance and construction that left customers sweltering in the dark after Hurricane Ida.
Posted inBusiness, Nation & World
California halts insurance cancellations in major wildfire areas across 22 counties
The one-year ban will affect about 325,000 homeowners in fire-ravaged areas.
Posted inBusiness, Nation & World, Politics
Democrats face heavy lift on Biden agenda as Republicans stand by
Congress must fund the government in the next 10 days, or risk a federal shutdown.
Posted inArts & Entertainment, Business
Emmys 2021: Conan O’Brien didn’t win, but here’s why all eyes were on him
The cameras returned to the former ‘Saturday Night Live’ writer again and again Sunday evening.
Posted inArts & Entertainment, Business, Nation & World
Emmy ratings make a comeback over last year’s record low
The CBS broadcast was watched by 7.4 million viewers, a significant 16 percent rise over last year.
Posted inBusiness, Maine
Waterville council expected to vote on marijuana business license, ordinance change
The retail shop owner signed a lease for a Waterville property to open a marijuana retail shop before the city approved a “safe zone” around a nearby homeless shelter, prohibiting the sale of marijuana in that area.
Posted inBusiness, Nation & World
U.S. easing foreign travel restrictions, but vaccinations required
The changes will allow families and others who have been separated by the travel restrictions for 18 months to plan for long-awaited reunifications.
Posted inBusiness, Nation & World
Stocks drop the most since May on worries over China, the Fed
Worries about debt-engorged Chinese property developers – and the damage they could do to investors worldwide if they default – are rippling across markets.