He also celebrates Intel’s plant groundbreaking in Ohio and an investment by WolfSpeed for chip production in North Carolina.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
Average long-term U.S. mortgage rates dip to 6.66%
One year ago, the rate stood at 2.99%.
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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.
Posted inBusiness
Ex-Uber chief security officer convicted of covering up data breach
The 2016 hack involved 57 million users and 600,000 driver’s license numbers.
Posted inBusiness, Maine
Plans for new upscale hotel next to Portland City Hall and Merrill Auditorium introduced
Thursday’s neighborhood meeting only drew one interested person. The development team will present its initial plans to the planning board at a workshop Oct. 25.
Posted inBusiness, Maine, New England, News, Uncategorized
For lobster industry, the threat is clear. The adversary is murkier.
Criticism of the lobstering industry has become contentious, and it can be hard to figure out who’s who.
Posted inBusiness
Peloton to cut 500 jobs as turnaround efforts continue
Peloton is cutting approximately 500 jobs as the high-end exercise equipment maker continues its turnaround efforts.
Posted inBusiness, Nation & World, News
Judge delays Twitter trial, gives Musk time to seal buyout
Elon Musk made a renewed offer to take over the social media platform earlier this week.
Posted inBusiness, Nation & World, News
Amazon plans to hire 150,000 workers for holiday season
The world’s largest online retailer typically hires legions of temporary workers this time of year to help store, pack and ship items from its warehouses.
Posted inBusiness, Sports
Fan who caught Aaron Judge’s 62nd home run offered $2 million for ball
The owner of a sports memorabilia auction house says the fan has not yet responded to his offer.