Major indexes are coming off a volatile week where they notched out gains because of an early two-day rally that shielded stocks from several weak days.
Business
Business news and information from the Portland Press Herald.
Ford, GM report mixed Q3 results in China as auto market continues COVID recovery
In the U.S., both Ford and GM’s sales were up in the third quarter – 16% and 24%, respectively.
Large rail union rejects deal, renewing strike possibility
The third largest railroad union rejected its deal with the railroads Monday, renewing the possibility of a strike that could cripple the economy.
U.S. airport websites knocked offline by pro-Russia hackers
The attacks followed a call by a shadowy group of pro-Russian hackers that calls itself Killnet for coordinated denial-of-service attacks on the targets.
Former Fed Chair Bernanke shares economics Nobel Prize for crisis research
By honoring Bernanke, the prize committee have taken an unusual step of adding an actual practitioner of economics policy to their pantheon.
Climate bill positions big oil and gas companies to cash in
Billions of dollars of new subsidies for carbon capture technology are a signature component of the $370 billion climate package President Biden signed into law last month.
Cyborg cockroaches are coming, and they just want to help
Building tinier and more agile robots, similar to how insects move and act, could vastly expand robots’ capabilities.
Swine & Stein Brewfest draws record crowds, again, to Gardiner
The annual event, which features food and live entertainment, this year added mead to its showcase of local beer and ciders.
The U.S. is the world’s largest oil producer. You’ll still pay more for gas.
When supply in the market contracts slightly – as it will with OPEC Plus’s decision last week to cut production – that can affect prices in the U.S.
Hurricane Ian pummeled shrimp industry already hit by cheap imports
Florida shrimpers are asking if Hurricane Ian could be the last nail in the coffin for the industry.