In Maine, the number of initial unemployment claims last week increased slightly over the previous week’s total.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World
Mortgage rates hit 6% for first time since 2008 housing crash
Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 6.02% from 5.89% last week.
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Posted inBusiness, Nation & World, News
Tentative labor deal averts threat of nationwide rail strike
President Biden says a tentative railway labor agreement has been reached, averting a potentially devastating strike before the pivotal midterm elections.
Posted inBusiness, People on the Move
SailMaine hires Ben Lewis as a communications and operations director
NEW HIRES SailMaine has hired Ben Lewis as communications and operations director. Lewis brings extensive nonprofit leadership experience from his time as a board member and director at the Small Point Summer School and as an upper school administrator at Waynflete School. Nathan Wechsler & Company PA has hired Brianna Sawyer as an associate. Sawyer […]
Posted inBusiness, News
As ‘buy now, pay later’ plans grow, so do delinquencies
A growing number of American shoppers have jumped at the chance to use “buy now, pay later” loans to pay for new sneakers, electronics, or luxury goods in installments.
Posted inBusiness, Nation & World
Bingo, Lite-Brite, Nerf among Toy Hall of Fame finalists
The inductees will be announced Nov. 10.
Posted inBusiness, Nation & World
South Korea fines Google, Meta over privacy violations
They’re accused of collecting data without users’ consent to create customized ads.
Posted inBusiness
Jim Beam outlines expansion to ramp up bourbon production
The project will increase capacity and reduce emissions by 50 percent.
Posted inBusiness
Stocks post modest gains after wobbly day
Traders now see a one-in-four chance the Fed may hike its benchmark rate by a full percentage point next week.
Posted inBusiness, Nation & World
One rail union rejects deal, 2 accept ahead of strike deadline
Contract talks continue, with Labor Secretary Marty Walsh participating to put pressure on both sides to reach an agreement before Friday.
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