But headwinds from a stalled marijuana industry and an abundance of hotels in Portland could slow further growth, say presenters at the Maine Real Estate and Development Association forecasting conference.
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Posted inBusiness
Harley-Davidson hopes riding course will amp up interest in motorcycles
Safety lessons are offered at 245 dealerships in the U.S. and are especially geared toward women and millennials.
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Posted inBusiness, Nation & World, News
U.S. holiday shopping season estimated to be the strongest in years
Americans likely spent about $671 billion, one analyst says – an increase of 5.5 percent from 2016.
Posted inBusiness, Nation & World
Service economy dips slightly after fastest growth in 12 years
Experts say consumer confidence and potential corporate tax cuts are boosting the U.S. economy.
Posted inBusiness, Nation & World
Fed needs to avoid ‘boom-bust’ cycle in economy, Yellen says
The Federal Reserve chair says officials remain puzzled about why inflation has retreated for several months this year.
Posted inBusiness
Fed chief Janet Yellen says economic outlook highly uncertain
The central bank may be slower to raise interest rates as a result.
Posted inBusiness, Local & State, News
Maine’s personal income growth lags the rest of the nation
New statistics from the Bureau of Economic Analysis estimate that Maine’s inflation-adjusted growth rate in personal income ranks among the 10 slowest-growing states.
Posted inBusiness, Local & State, News
Maine’s unemployment falls to lowest rate in 40 years
The 3.0% rate for March is driven by gains in construction, trade, transportation, utilities, education and health care.
Posted inBusiness, Local & State, News
Maine set a record last year for most jobs in the private sector
Wages are on the rise, too, as indicators point to a stabilizing economy in the state, according to Department of Labor data.
Posted inBusiness, Nation & World, News
Fed raises benchmark interest rate for second time in 3 months
Increasing the cost of borrowing could frustrate the ambitious goals of the Trump administration.