Stocks had been on the upswing for the last month on hopes the worst of the nation’s high inflation may have passed already.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine, News, Uncategorized
Talks continue over home heating aid for Mainers
With fuel oil costs sharply higher than a year ago, the governor said she and legislative leaders will continue to negotiate an aid package over the weekend.
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Posted inBusiness, Nation & World, News
Biden signs bill to avert rail strike, says he’ll work on paid sick leave
The president has said he wants paid sick leave for all workers, but Republican lawmakers continue to block attempts that would require time off for family and medical leave.
Posted inBusiness, News
Carrabassett Valley board conditionally approves final subdivision plan for Sugarloaf expansion
The West Mountain expansion proposal is still under permitting review at the state level.
Posted inBusiness, Nation & World, News
Prosecutor: Evidence shows Trump ‘explicitly’ OK’d tax fraud
The Trump Organization, the entity through which Trump manages his real estate holdings and other ventures, is accused of helping executives avoid paying income taxes on company-paid perks such as Manhattan apartments and luxury cars.
Posted inBusiness, Nation & World, News
U.S. hiring remained strong in November as employers add 263,000 jobs
The strength of November’s hiring gain will raise concerns that the Fed may now have to keep rates high even longer than many had assumed.
Posted inArts & Entertainment, Business, Nation & World, News
Twitter suspends rapper Ye again, this time over swastika post
The rapper now appears to have migrated to another right-wing platform, former President Donald Trump’s Truth Social, where an account under Ye’s name posted about Musk on Friday.
Posted inBusiness, Food
Dine-and-shop: The trend of restaurants with retail markets comes to Portland
A growing number of local restaurants are incorporating small retail markets where they sell prepared foods, home goods and gifts. Or is it the other way around? Retail stores with a restaurant on the side? Either way, the combination is a winning one.
Posted inBusiness, Maine Cannabis Report, Nation & World, New England
Rhode Island begins recreational pot sales
Five stores are currently allowed to sell recreational marijuana, but as many as 33 are allowed under state law.
Posted inBusiness, Nation & World, News
Musk’s company Neuralink aims to test brain implant in people soon
Neuralink is one of many groups working on linking brains to computers, efforts aimed at helping treat brain disorders, overcoming brain injuries and other applications.