After falling from pandemic highs to a low of 2.8% in July, the jobless rate crept upward slightly in September.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine, New England, News
Judge denies request to continue work on NECEC transmission corridor
Lawyers for the CMP-backed project to bring hydropower from Quebec through western Maine had asked a court to reconsider an injunction halting the work while the case progresses.
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Posted inArts & Entertainment, Business, Nation & World, News
Fashion label ends relationship with Ye after antisemitic posts
In recent weeks, Ye (Kanye West) has made controversial statements including antisemitic social media posts and has moved to cut ties with his corporate partners.
Posted inBusiness, Nation & World, News
Driverless car development sets ablaze a bonfire of billions
While executives and investors alike are in some cases heading for the exits, well-capitalized companies in the space are plowing ahead into new markets and projects.
Posted inBusiness, Food, Maine, News
Why Hugo’s won’t reopen but Portland fine dining will live on
Yes, you can blame the pandemic, but no, there isn’t a plan to expand Eventide.
Posted inBusiness
EU leaders divided on gas price cap at energy crisis summit
They’re looking to foil the Kremlin’s strategy to choke off gas supplies to the bloc at will.
Posted inBusiness
Stocks give up an early gain and close lower on Wall Street
Markets continue an unsteady search for direction.
Posted inBusiness
U.S. home sales fell in September for eighth straight month
House hunters grappled with sharply higher mortgage rates, rising home prices and a still tight supply of properties on the market.
Posted inBusiness, News
Documents detail plans to gut Twitter’s workforce
The impact of such layoffs would likely be felt immediately by millions of users and would put them at risk of hacks and exposure to offensive material such as child pornography, insiders said.
Posted inBusiness
Conspiracy theories spread quickly on TikTok. Health officials need to be as fast.
Over the course of one day, May 20, the study identified 153 English-language videos with monkeypox conspiracy theories on social platform TikTok.