Although sale prices are still on the rise, the number of homes sold continued to decline, and some agents say houses are staying on the market longer and sellers are getting fewer offers.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine, News
New agency pitches $150 million to stretch broadband across Maine
The Maine Connectivity Authority has a goal to offer every home and business in Maine a high-speed internet connection by 2024.
advertisement
Posted inBusiness, Maine
Two years after appeal, Maine regulatory board meets on CMP power line permit
Opponents press the Board of Environmental Protection to give the project another public hearing; a vote is set for Thursday.
Posted inBusiness, Nation & World
Postal Service increases EV commitment to 40% of new delivery trucks
The agency plans to buy up to 165,000 vehicles worth $6 billion total over the next decade.
Posted inBusiness
Wall Street closes higher, adding to gains after big rally
Traders appear to be encouraged by what they’re hearing from companies, especially big banks, as the reporting season gets going.
Posted inBusiness, Nation & World
Fidelity Charitable sets $4.8 billion record in grants for 6 months
Donor-advised funds let donors enjoy tax deductions and investment gains on their donations before they give the money away.
Posted inBusiness, Nation & World
Tesla just 1% to blame for fiery crash that killed two, jury finds
A teen was driving 116 mph in a 30 mph zone, after having a dealership disable the car’s speed limiter.
Posted inBusiness, Nation & World
EU draws up energy plan in case of Russian gas cutoff
The measures will be discussed at an emergency meeting of energy ministers on July 26.
Posted inBusiness, Nation & World, News
U.S. home sales fell in June as prices reach new heights
After climbing to a 6.49 million annual rate in January, sales have fallen to the slowest pace since June 2020, near the start of the pandemic.
Posted inBusiness, Nation & World, News
Biden announces modest climate actions, pledges more to come
The president delivers his pledge at a former coal-fired power plant in Massachusetts that is is shifting to offshore wind power manufacturing.