Applications for jobless aid for the week ending June 25 ticked down to 231,000, a decline of 2,000 from the previous week, the Labor Department reported Thursday.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Stocks slump, closing out worst quarter since early 2020
Tech stocks and retailers and other companies that rely directly on consumer spending posted some of the biggest losses.
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Posted inBusiness, Nation & World, News
Key inflation gauge tracked by the Fed remains a high 6.3%
Thursday’s report from the Commerce Department provided the latest evidence that painfully high inflation is pressuring American households.
Posted inBusiness, People on the Move
Andrea Roth Kimmick joins Kennebunk Beach Realty
NEW HIRES Andrea Roth Kimmick joined Kennebunk Beach Realty as an associate broker. Northeast Bank has hired Courtney Luce as banking center manager in Augusta. Luce brings retail banking experience to her role. The Maine Association of Broadcasters has hired veteran broadcaster Tim Moore as its new president/chief executive officer. Moore was previously a vice […]
Posted inBusiness, Lewiston-Auburn
Tambrands to expand again to meet demand
Procter & Gamble said the expansion is the result of an assessment process that began last year and is part of the company’s broader supply chain strategy.
Posted inBusiness, Nation & World
U.S. stocks slip, on track for fourth monthly loss this year
Trading has been volatile all week amid growing signs the economy could be in for a recession under the pressure of stubbornly high inflation and sharply higher interest rates.
Posted inBusiness, Nation & World
Powell: ‘No guarantee’ Fed can tame inflation and spare jobs
The head of the Federal Reserve made the remarks Wednesday at a European Central Bank forum in Sintra, Portugal.
Posted inBusiness, Nation & World
Sale puts Ben & Jerry’s ice cream back in West Bank, kind of
Unilever says it has reached a new business arrangement in Israel that will effectively end Ben & Jerry’s policy of not selling ice cream in annexed east Jerusalem and the occupied West Bank.
Posted inBusiness, Nation & World
U.S. economy slipped 1.6% to start year, but growth is expected to return
It was the first drop in gross domestic product – the broadest measure of economic output – since the second quarter of 2020, in the depths of the COVID-19 recession.
Posted inBusiness, Nation & World
Big majority of Americans say nation on wrong track, poll finds
A total of 79% describe the economy as poor, according to new survey from The Associated Press.