September’s unemployment rate dropped from 3.7% to 3.5%, matching a half-century low.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
Google unveils new phones and watch that undercut Apple on price
Google’s Pixel phones every year serve as the showcase for the company’s latest Android software and artificial intelligence-based services, such as the Google Assistant.
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Posted inBusiness, Nation & World, Obituaries
Al Primo, creator of ‘eyewitness’ local news, dies at 87
He transformed local newscasts in the ’60s and ’70s, eschewing the single monotone anchorman for on-the-street reporters and a friendlier, engaging studio format that is now the standard.
Posted inBusiness, New England, New England Patriots, Sports
Fan sues Patriots, says they ruined his Brady-signed flag
The owner says it was improperly displayed at the team’s hall of fame, causing the quarterback’s signature to fade significantly.
Posted inArts & Entertainment, Business
Celebrities taking part in Black Entrepreneurs Day
Applications for $25,000 grants will be taken through Wednesday.
Posted inBusiness, Nation & World, New England, Schools and Education
Thousands receive erroneous acceptance emails from Boston law school
Northeastern University School of Law accidentally tells 4,000 former and current applicants they’ve been accepted.
Posted inBusiness
IMF director warns of higher recession risk, darker global outlook
Meanwhile, Treasury Secretary Janet Yellen calls for ambitious policy solutions and doesn’t use the word ‘recession’ once.
Posted inBusiness, Nation & World, Politics
Biden: IBM investment will help in tech competition with China
He also celebrates Intel’s plant groundbreaking in Ohio and an investment by WolfSpeed for chip production in North Carolina.
Posted inBusiness
Average long-term U.S. mortgage rates dip to 6.66%
One year ago, the rate stood at 2.99%.
Posted inBusiness
Stocks close lower again on Wall Street
But the S&P is up 4.4% for the week, after its best two-day rally since 2020.