Once a manufacturing headquarters in Norway, the snowshoe capital of the world, 10 Tannery Street becomes part of the the town’s rejuvenation as a center for the arts community.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World
Facebook parent Meta posts first revenue decline in history
Competition from rival TikTok intensifies as Facebook and Instagram’s parent company Meta posted its first revenue decline in history Thursday.
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Posted inBusiness, Food, Nation & World
Seaweed helps Maine lobstermen ride the storm of climate change
As climate change causes Maine’s coastal waters to warm, underwater life, and the economy built around it, has shifted dramatically, and seaweed is a new cash crop.
Posted inBusiness, Nation & World
Fed unleashes another big interest rate hike in bid to curb inflation
The Federal Reserve’s move will raise its key rate, which affects many consumer and business loans, to a range of 2.25% to 2.5%, its highest level since 2018.
Posted inBusiness, Nation & World
Senate passes bill to boost computer chip production in U.S.
The $280 billion measure, which awaits a House vote, includes federal grants and tax breaks for companies that construct their chip facilities in the U.S.
Posted inBusiness, Nation & World, News
Workers at Massachusetts Trader Joe’s to vote to form chain’s first union
Employees at a Trader Joe’s in Massachusetts are casting votes over the next two days in an attempt to form the supermarket chain’s first union.
Posted inBusiness, Nation & World, News
Gun makers have sold AR-15-style guns as a sign of manhood as shootings rise
The industry has taken in more than $1 billion from selling the weapons, which have been used in mass shootings, over the last decade.
Posted inBusiness, Maine, News
At summer’s peak, tourism has been a mixed bag so far in Maine
Visitors are still coming, but higher gas and other prices have some reining in their spending.
Posted inBusiness, Food
The Wrap: The Danforth opens in the West End, Nutella puts Maine on a jar
Also, a new small plates restaurant and wine bar is coming to the Saint John Valley neighborhood, Schulte and Herr reopen its dining room, and a Rwandan coffee professional will give a talk in Biddeford.
Posted inBusiness, Maine, News
Bar Harbor struggles with cruise ship limits, and Portland could be next
A citizen petition seeks a 1,000-person-a-day cap on ship passengers entering Bar Harbor, and a similar effort is underway in Portland.