It’s unclear what the federal government might actually do, and whether the president has the authority to act without congressional approval.
economic growth
Posted inBusiness
Fed leaves key rate alone, but sees further hikes ahead
The next rate increase is expected in December.
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Posted inBusiness, Nation & World
Dow, S&P 500 set records as U.S. economy keeps zooming along
Reflecting the rising markets, the Fed says the value of Americans’ stock and mutual fund portfolios rose $800 billion last quarter.
Posted inBusiness, Nation & World
Despite strength of U.S. economy, many Americans struggling to get by
Among households with at least one working adult, more than 30 percent report difficulties affording food and other basic goods and services.
Posted inMaine Voices, Opinion
Maine Voices: Programs that emphasize out-of-state investors won’t benefit Mainers
The Opportunity Zone Program is among those that won’t bring intended economic gains to stagnant areas.
Posted inBusiness, Nation & World
Strong earnings reports send U.S. stocks to fourth straight day of gains
Corporate profit and revenue growth have nudged aside investor worries over trade tensions.
Posted inBusiness, Nation & World, News, Politics
Canada being shut out of NAFTA talks between Mexico, U.S.
The Canadian negotiating team has been told that the U.S. is focusing first on bilateral negotiations with Mexico.
Posted inBusiness, Local & State, News, Politics
Candidates for governor offer ideas for improving Maine’s economy
Among their proposed fixes: Focus state aid on smaller businesses, educate and train workers, pass tax conformity, implement Medicaid expansion and forgive two years of college costs for graduates who stay in Maine.
Posted inBusiness, Local & State, News
After wild swings last year, Maine economic growth off to sluggish start in 2018
The first quarter saw an annual expansion rate of just 0.6% as workforce problems persisted, but a pickup in growth is forecast for all of 2018.
Posted inBusiness, Life & Culture, Nation & World
Maker of Necco wafers, Sweethearts candies abruptly shuts down
New England Confectionery Co. was the country’s oldest continuously operating candy company.