Shares in the electric vehicle maker are down nearly 70% since the start of 2022.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
Stocks slide in worst year for S&P 500 since 2008
The index is headed for a roughly 20% drop for 2022, even as profits and margins for companies have hit record heights.
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Posted inBusiness, Nation & World, News
Finland gets floating LNG terminal to replace Russian gas
Use of the vessel, owned by the U.S. company Excelerate Energy Inc., is called a historic move.
Posted inBusiness, Maine, News
Last 2 Sears stores in Maine are closing, including Farmington’s
The Farmington and Caribou stores are already liquidating merchandise.
Posted inBusiness, Maine, News
Maine DEP approves expansion of Sugarloaf’s West Mountain
Key approval sets the stage for $104 million project.
Posted inBusiness, Nation & World, News
Southwest memo cited staffing concerns as scrutiny grows over meltdown
Southwest accounted for about 90 percent of Wednesday’s cancellations and about 99 percent of Thursday’s grounded flights.
Posted inBusiness, Nation & World, News
U.S. House blocks TikTok on official devices ahead of government ban
The House’s chief administrative officer cited “high risk” security concerns in a memo that ordered lawmakers and staffers on Tuesday to delete the app from government devices.
Posted inBusiness, Nation & World, News
U.S. watchdogs guarding $5 trillion in COVID aid say they need more money
Lawmakers ramp up efforts to target waste, fraud and abuse of pandemic relief funds, but inspectors general continue to receive fewer dollars as cases pile up.
Posted inBusiness, Nation & World
Southwest Airlines flight cancellations continue to snowball
While refunds could affect 1 million travelers and total $300 million, that’s no compensation for those still stranded now.
Posted inBusiness, Food
The Wrap: Mr. Tuna gets its own digs on Middle Street
Also, Dobrá Tea has closed its Portland teashop, Quanto Basta will open a storefront on Congress Street, Sam Hayward leads a virtual cooking class, and more.