The government issues a ‘Do Not Drive’ advisory for the 2001 through 2003 vehicles with Takata inflators.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
Unexpected job surge confounds Fed’s economic models
Friday’s report suggests that inflation could continue to decline even while employers keep adding workers.
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Posted inBusiness, Nation & World
EU prepares more Russia sanctions as Kremlin readies offensive
The package will target Moscow’s wartime technology and take aim in particular at components used in the manufacturing of drones.
Posted inBusiness
Indian tycoon Gautam Adani hit by more losses amid accusations of fraud
Adani Enterprises’ share price has plunged more than 50% since last week.
Posted inBusiness, Nation & World
Worries abound that Mexico’s Maya Train will destroy jungle
A $20 billion rail project in the Yucatan Peninsula is intended to drive economic development to some of the country’s poorest areas, in part by bringing up to 3 million tourists each year.
Posted inBusiness
Jury clears Elon Musk of wrongdoing with 2018 Tesla tweets
The trial hinged on whether he misled shareholders, steering them in a direction that they say cost them billions.
Posted inBusiness
Wall Street rally hits wall of hot jobs, cold earnings data
The concern is that the much stronger-than-expected hiring could keep the Fed on the ‘higher-for-longer’ interest rate path.
Posted inBusiness, Maine
Eastern Prom food trucks will stay at Cutter Street parking lot this summer
The number of food trucks in the parking lot will be fewer, but some additional spots will open up at the nearby Amethyst Lot.
Posted inBusiness, Nation & World, News
U.S. adds a surprisingly strong 517,000 jobs despite Fed hikes
It was a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates.
Posted inBusiness, Maine, News
Maine’s seafaring history marred by long-ignored, disgraceful chapter
There’s new attention to Maine’s role in the slave trade of the 1800s, and on Friday a national expert will discuss how a Portland ship captain became one of the most notorious participants.