Robinhood has created plenty of passion, and its polarizing effect played out Thursday, as its shares careened from a gain of 5.9% to a loss of 12.2% within their first hour of trading.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Elections, Maine, News, Politics
Maine supreme court denies bid to split power corridor referendum into 3 questions
A state lawmaker wanted the court to order the Secretary of State’s Office to split an upcoming ballot measure challenging the NECEC project into separate questions for voters.
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Posted inBusiness, Food & Dining, Maine
New Portland brewery will make only non-alcoholic beer
The craft brewery in West Bayside will be the first in the state dedicated to beer without alcohol.
Posted inBusiness, Nation & World, News
Maine expands renter assistance, with federal eviction moratorium set to expire Saturday
The White House said President Biden would have extended the federal eviction moratorium, but the Supreme Court signaled it could be extended only until the end of the month.
Posted inBusiness, Nation & World, News
Maine, U.S. jobless claims fall as economy recovers
Weekly unemployment benefit applications in the U.S. have declined more or less steadily this year – from a peak of 904,000 in early January to 400,000 last week.
Posted inBusiness, Maine, News
Acadia, other national parks exploring options after being ‘loved to death’
Maine Sen. Angus King led a congressional subcommittee hearing to discuss options for addressing overcrowding at national parks.
Posted inBusiness, Nation & World
Google delays return to office, mandates vaccines
The announcement comes as the more highly contagious delta variant is driving a dramatic spike in COVID-19 cases and hospitalizations.
Posted inBusiness, Uncategorized
Turn off, turn on: Simple step can thwart top phone hackers
It’s not a cure-all method, experts say, but it can make even the most sophisticated hackers work harder to maintain access and steal data from a phone.
Posted inBusiness, Nation & World, News
Fed notes improving economy, a step toward easing support
The economy’s widespread improvement, and a pickup in inflation, are key reasons the central bank is believed to be moving closer toward pulling back its policies on ultra-low interest rates.
Posted inBusiness, Nation & World, Politics
Biden woos working class with new ‘buy American’ efforts
Democrats’ political prospects next year might hinge on whether the president succeeds in reinvigorating a sector that has steadily lost jobs for more than 4 decades.