The fear is that the banking system may be cracking under the weight of the fastest set of interest rate hikes in decades.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, New England
Boston pizza parlor owner accused of physically abusing employees
Stavros Papantoniadis allegedly abused a longtime immigrant worker who could not legally work in the U.S.
advertisement
Posted inBusiness, Nation & World, New England, Uncategorized
Boston seeking to limit fossil fuel use in new buildings
New buildings that rely on fossil fuels would be required to install solar panels in anticipation of a future conversion.
Posted inBusiness, Maine, News
Maine restaurants, bars hope for return to a ‘normal’ St. Patrick’s Day
With the holiday falling on a Friday, businesses are looking for a profitable celebration after the pandemic has dampened them for three years.
Posted inBusiness, Nation & World
France’s Macron risks his government to raise retirement age
The president’s unilateral move to raise the retirement age from 62 to 64 will trigger quick motions of no-confidence in his government.
Posted inBusiness
Stocks rally after battered First Republic gets a lifeline
This week has been a whirlwind for markets globally on worries that banks may be bending under the weight of the fastest set of hikes to interest rates in decades.
Posted inBusiness, Maine, News
Report finds affordable housing unavailable for more than half of Maine’s poorest renters
A national study released Thursday says the crisis extends to every state, and Maine actually fares better than others.
Posted inBusiness
Europe’s central bank backs big rate hike despite bank chaos
Questions are being raised about what the U.S. Federal Reserve will do at its meeting next week.
Posted inArts & Entertainment, Business
Why TikTok’s security risks keep raising fears
China is accusing the U.S. of spreading disinformation amid reports the Biden administration is calling for TikTok’s Chinese owners to sell their stakes in the company.
Posted inBusiness
Experts, banks look for ideas to stop next bank failure
The search for solutions is refocusing attention on a 2018 federal law that rolled back tough bank regulations put in place after the 2008-2009 financial crisis.