Average prices on new and used vehicles have begun easing from their record highs, and more vehicles have become available at dealerships.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, New England, News
Fishing industry faces possibility that some species may never recover
The changing environment has made it harder for species to recover from years of overfishing that was already taxing the population.
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Posted inBusiness, Nation & World, News
Average long-term mortgage rate jumps above 7%, highest in more than 2 decades
Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate jumped to 7.08% from 6.94% last week.
Posted inBusiness, Nation & World, News
Musk says he won’t make Twitter a ‘free-for-all hellscape’
The message to advertisers posted Thursday on Twitter came a day before Musk’s deadline for closing his $44 billion deal to buy the social-media company and take it private.
Posted inBusiness, Nation & World, News
What it’s like to buy and sell in the new, weird housing market
Many buyers have given up, at least temporarily, thanks to soaring rates.
Posted inBusiness, Nation & World, News
U.S. economy rebounds amid resilient consumers, businesses
The U.S. economy grew at a solid pace in the third quarter, marking the first advance this year.
Posted inBusiness, People on the Move
Seth Garrison named general manager at Portland Water District
NEW HIRES The Portland Water District has named Seth Garrison, a nationally known utility consultant, as general manager. Garrison has spent over two decades working with water and wastewater systems, and has served utilities including the Pittsburgh Water and Sewer Authority, Boston Water and Sewer Commission and New York City Department of Environmental Protection. In […]
Posted inBusiness, Maine
Maine regulators approve wind power, transmission project
Maine regulators have approved a pair of energy projects that would generate wind power in Aroostook County.
Posted inBusiness, Nation & World
Dumped by Adidas, Kanye showed up at Skechers HQ. They kicked him out.
Executives ushered Ye, formerly known as Kanye West, out of the building and said he was ‘engaged in unauthorized filming,’ according to a news release.
Posted inBusiness, Nation & World
Afraid of needles? China using inhalable COVID-19 vaccine
The Chinese city of Shanghai has started administering an inhalable COVID-19 vaccine in what appears to be a world first.