For Absolem Cider Co., Run Amok Mead and Sidereal Farm Brewing, digging in and growing their craft beverage businesses is as important as the drinks they are making.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World
Utah social media law means kids need approval from parents
The crusade shows how perceptions of Big Tech have changed among typically pro-business Republicans.
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Posted inBusiness
Wall Street rallies, marking 2nd winning week in a row
Still, much of the focus is on Deutsche Bank, whose stock tumbled 8.5% in Germany.
Posted inBusiness
Deutsche Bank shares drop 8.5% amid global jitters
But European leaders downplayed any risk of a possible crisis at a summit Friday.
Posted inBusiness, Maine, News
Maine lawmakers consider bill to keep funding lobster legal defense
As the industry battles federal right-whale regulations, L.D. 710 calls for allocating 20% of the fishery’s license surcharges – about $380,000 a year – to the legal defense fund through 2030.
Posted inBusiness
California may punish oil companies for high gas prices
A bill to punish oil companies for profiting from price spikes at the pump has passed the California Senate.
Posted inBusiness
Stocks tick higher after another dizzying day on Wall Street
Traders were still largely betting the Fed will cut rates later this year.
Posted inBusiness, Lewiston-Auburn
Bates College workers reject proposed union
National Labor Relations Board staffers who counted the ballots said 254 voted against the union while 186 favored it.
Posted inBusiness, Nation & World, News
Skeptical U.S. lawmakers grill TikTok CEO over safety, content
In one of the most dramatic moments of the hearing, Republican Rep. Kat Cammack played a TikTok video showing a shooting gun with a caption that included the House committee.
Posted inBusiness, Nation & World, News
U.S. sales of new homes rise unexpectedly, showing stabilization
The latest data – which showed last month’s pace was the strongest since August – suggest the housing market may finally be gaining its footing after last year’s rapid rise in mortgage rates.