The social media platform’s stock plunged 11.3% as the broader market ends the trading session in the red.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Uncategorized
Stocks slump on Wall Street amid recession, rate worries
Expectations for second-quarter profits results seem to be low.
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Posted inBusiness, Uncategorized
Over-the-counter birth control? Drugmaker seeks FDA approval
A drug company is seeking U.S. approval for the first birth control pill that women could buy without a prescription.
Posted inBusiness, Nation & World, Uncategorized
With casinos struggling, ‘Las Vegas of Asia’ looks to reduce reliance on gambling
Macao, under orders from mainland China, is pressing American casino giants to build theme parks and other tourist attractions, holding their licenses to operate hostage.
Posted inBusiness, Nation & World
Macao streets empty after casinos shut to fight outbreak
Most businesses in the gambling center of Macao were ordered to close while the Chinese territory fights a coronavirus outbreak.
Posted inBusiness, Nation & World
State lotteries transfer wealth out of needy communities
Lottery retailers in nearly every state are clustered in lower-income neighborhoods, driving a wealth transfer from less affluent and educated Americans to the multinational corporations that are managing the games.
Posted inBusiness, Nation & World, News
‘We’re in trouble’: Electric rates in Texas have surged over 70% as summer kicks in
This month, the average residential rate listed on the site was 18.48 cents per kilowatt hour. That’s up from 10.5 cents in June 2021.
Posted inBusiness, Maine Cannabis Report
Cannabis industry to see tax cuts, reforms in California
The legal market has been hampered by confusing regulations, high taxes and decisions by some communities to ban cannabis shops.
Posted inBusiness, Health, Maine Cannabis Report
Epilepsy patients navigate a murky, unregulated CBD market
Despite promising results, physicians are reluctant to advise patients on over-the-counter cannabidiol because they can’t be sure what’s in the bottles.
Posted inBusiness
Takeaways from the Uber Files investigation
Findings from the Uber Files, an investigation based on more than 124,000 documents exposing the company’s aggressive entrance into cities around the world.