With Election Day on the horizon and gas prices rising, President Biden proposes releasing another 15 million barrels of oil.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine, News
Train derails in Piscataquis County due to track washout
Nobody was injured when the train derailed near Milo.
advertisement
Posted inBusiness, Food
The Wrap: Small businesses hope to reap rewards during annual ‘Snowflake Trail’
Also, Southern Maine Community College throws a spooky supper, and Dirty Dove becomes St. Joe.
Posted inBusiness, Nation & World
Soaring U.S. dollar spreads pain worldwide
The soaring U.S. dollar is adding to global inflationary pressures at a time when prices were already soaring.
Posted inBusiness, Nation & World
Semafor website debuts, aims to reinvent news story
Its founders envision it to help consumers make sense of all that’s out there.
Posted inBusiness, Nation & World
MacKenzie Scott gives Girl Scouts $85 million
It’s the largest donation the group has received from an individual since its founding in 1912.
Posted inBusiness, Nation & World
Gates Foundation boosts GivingTuesday with $10 million gift
The Giving Pledge asks billionaires to donate over half of their wealth, while GivingTuesday seeks to mobilize everyone else.
Posted inBusiness
Stocks climb on Wall Street as investors focus on earnings
Major indexes are still stuck in a bear market, which is when they’ve fallen at least 20% from their most recent all-time highs.
Posted inBusiness, Maine, News
Maine small businesses will get help with spiking electricity bills
A state program will provide credits of more than $2,000 to hundreds of businesses to provide relief from high electric rates.
Posted inBusiness, Nation & World, News
Amazon workers reject union bid in upstate New York
Experts had noted a win there would have given the union more leverage in its quest to negotiate a contract with Amazon and a chance to demonstrate its prior win at a facility on Staten Island, New York, wasn’t a one-off.