Jerome Powell says the nation’s recovery from the pandemic recession needs continued support from the central bank.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
L.L. Bean sees sales boom amid pandemic’s push to the outdoors
The retailer benefited from two of the hottest retail segments over the past year – comfort items like slippers, pajamas and loungewear, along with outdoor gear.
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Posted inBusiness, Health, Maine, News
Medical cannabis studies ramp up, offering hope to some opioid users
Some researchers believe cannabis can help wean prescription opioid users off the addictive and potentially deadly drugs. Others aren’t so sure.
Posted inBusiness, Maine, Morning Sentinel
Belgrade Planning Board hearing includes spirited debate on commercial permit application
Shawn Grant, owner of Brightside Wooden Boat Services off Hulin Road, seeks to change his business permit from home occupancy to commercial.
Posted inBusiness
Corporations become unlikely financiers of racial equity
An unexpected group, not known for activism, emerged in 2020 as an unlikely financier of social change: corporations.
Posted inBusiness, Nation & World, News, Politics
Sen. King joins request to rescind ban on seasonal, employer-sponsored visas
They include H-1B visas, widely used by major American and Indian technology company workers and their families, H-2B visas for nonagricultural seasonal workers, J-1 visas for cultural exchanges and L-1 visas for key employees of multinational corporations.
Posted inBusiness, Maine
Maine extends state income tax deadline to May 17
The change aligns with the federal government’s extension of the federal income tax filing and payment deadline.
Posted inBusiness, Maine
Maine business survey reveals optimism despite need for more aid
Respondents were about twice as likely to express optimism as pessimism about the coming year – 41% to 23%.
Posted inBusiness, Maine
New jobless claims hold steady as Maine readies extended aid
About 2,600 people filed new benefit claims or reopened previous claims last week, the Maine Department of Labor reported Thursday.
Posted inBusiness, Nation & World, News
U.S. jobless claims rise to 770,000 with layoffs still high
Before the pandemic struck, applications for unemployment aid had never topped 700,000 in any one week.