The inflation data may cause the Federal Reserve to moderate its rate hikes.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
U.S. unemployment claims rise to 262,000; Maine claims at lowest point in 3 years
In Maine, the number of new unemployment claims and claims for continued jobless aid have fallen for months and are now at the lowest point in three years a sign of the state’s competitive labor market.
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Posted inBusiness, Maine, News
NOAA lays out plans for expanded testing of ropeless fishing technology
Federal regulators prepare for widespread adoption of the gear in an effort to protect endangered right whales.
Posted inBusiness, People on the Move
New England Cancer Specialists hires Edwin Graham as its new CEO
NEW HIRES Thomas College Athletics has hired Marc Gosselin as the men’s golf coach. Gosselin has previous experience coaching golf though private instruction along with playing competitively on an amateur golf tour. New England Cancer Specialists has hired Edwin Graham as its new chief executive officer. Graham brings more than 30 years of experience as […]
Posted inBusiness
Elon Musk sells $7 billion in Tesla shares ahead of Twitter fight
He unloaded about 8 million shares of his company in recent days.
Posted inBusiness, Nation & World
Rhine River could fall below critical mark, risking industry
Transporting goods by inland waterways is more important in Germany than in many other Western European countries.
Posted inBusiness, Nation & World
Social media offers parents more controls. But do they help?
Many kids use a bewildering variety of platforms, all of which are constantly evolving.
Posted inBusiness, Uncategorized
Wall Street hits 3-month high as inflation cools
The Federal Reserve may not have to remain as aggressive about hiking interest rates as feared.
Posted inBusiness, Nation & World, News
Russians buy last goods from H&M, Ikea as stores wind down
Both companies are laying off staffers as they scale down business.
Posted inBusiness, Maine
Staffing shortages force service reductions at Casco Bay Lines, Maine State Ferry Service
Casco Bay Lines will scale back some trips starting this weekend, while the state ferry services has had to cancel dozens of trips this summer.