The average on the key 30-year rate rose to 7.08% from 6.95% last week. A year ago the average rate was 2.98%.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, New England
Biden nominates Daniel Werfel as IRS Commissioner
Werfel leads Boston Consulting Group’s global public sector practice.
advertisement
Posted inBusiness, Election 2022, Lewiston-Auburn, Maine, News, Politics
Little by little, the Legislature is becoming more diverse
With the swearing in of newly elected representatives and senators next month, the Maine Legislature will include a total of five members who are Black.
Posted inBusiness, Nation & World
Wall Street surges, Dow up 1,200 points on cooling inflation
Wall Street soared to its best day in more than two years after a report showed U.S. inflation eased last month.
Posted inBusiness, Nation & World, News
Twitter’s content moderation head quits as departures alarm the FTC
In a rare comment, the Federal Trade Commission said it was monitoring developments ‘with deep concern.’
Posted inBusiness, Nation & World
War-triggered gas boom threatens world climate goal, report finds
Planning and build-up of liquified and other natural gas would add the equivalent of 2 billion tons of carbon dioxide a year to the air by 2030, according to Climate Action Tracker.
Posted inBusiness, Maine, Nation & World
Fishermen take case against paying for monitors to Supreme Court
The fishermen have made the case that Congress never gave federal regulators the authority to require the expense of paying for the monitors.
Posted inBusiness, Nation & World, News
Twitter survival at stake, Musk warns as remote work ends
The exodus at Twitter is ongoing, including the company’s chief information security officer Lea Kissner, putting the company at ‘serious risk of a breach’ cybersecurity experts say.
Posted inBusiness, Maine
Sappi announces plan to invest $418 million in Skowhegan mill
The announcement Thursday comes as Sappi says it is looking to transition its portfolio to packaging and specialty papers, pulp and biomaterials.
Posted inBusiness, Nation & World
U.S. consumer inflation eased to 7.7% over past 12 months
The year-over-year increase, down from 8.2% in September, was the smallest rise since January.