A third of the economists who responded to the survey now expect a recession to begin in the April-June quarter.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Adidas has $500 million worth of Kanye West sneakers and no good options
Months after cutting ties with rapper and fashion designer Kanye West over his flagrant antisemitism, the German company warned it was looking at massive losses if it couldn’t sell its inventory.
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Posted inBusiness, Maine
Canadian mining exploration company looks for metals in the Midcoast
Exiro Minerals Corp hopes to win over residents in Warren and Union as state lawmakers consider changes to Maine’s strict mining laws.
Posted inBusiness, Maine, News
What’s inside Maine freight trains? Public can only hazard a guess
An exception to the state’s public records law prevents Mainers from knowing what toxic chemicals might be rumbling through cities and towns.
Posted inBusiness, Maine
Skowhegan business lab hopes to raise new crop of local entrepreneurs
As the town positions itself to become a regional food destination amid revitalization efforts, local entrepreneurs are coming into the community to make it happen.
Posted inBusiness
Biden finds breaking up Big Tech is hard to do
Time is ticking on an ambitious antitrust agenda, as modern-day trustbusters like the FTC’s Lina Khan meet resistance from industry, Congress and the courts.
Posted inBusiness, Maine
Portland’s staff shortages drain morale, overtime budgets
Among its 1,481 positions, the city has 253 vacancies, a number that can be felt in day-to-day operations across many departments. And just like any business, the municipality is struggling.
Posted inBusiness, Maine, News
Maine’s new ‘roadmap’ for offshore wind power follows a complex route
The state has built ambitious goals for generating electricity from ocean winds. A new report describes the infrastructure and workforce that need to be built first.
Posted inBusiness
Mexican states in hot competition over possible Tesla plant
Mexican governors have gone to loopy extremes, like putting up billboards, creating special car lanes or creating mock-ups of Tesla ads for their states.
Posted inBusiness, Politics
Maine paid family leave effort gets mixed business reaction
The proposed benefit would require a new payroll tax that some employers see as a burden, while others think it could help attract workers.