The 2 restaurants have served loyal customers for 3 decades. Also, Goodfire Brewing hopes to open a new location in Freeport by summer’s end, the Whoopie Pie Festival returns and Ales for Tails is set for Sunday.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Fed’s Powell facing rising criticism for inflation missteps
Struggling to curb the worst inflation outbreak in 3 decades, Federal Reserve Chair Jerome Powell last week engineered a three-quarters-of-a-point increase in the Fed’s short-term interest rate — the largest single rate hike in a quarter-century.
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Posted inBusiness
The comedown: After stimulus boom, Americans face darkening economy
Pandemic-era aid ended as prices spiked – and now the middle class is feeling squeezed again.
Posted inBusiness
Snap, crackle, pop: Kellogg to split into 3 companies
The CEO says each division – one for snacks, one for cereal and the other for plant-based foods – will be better able to focus on their own products.
Posted inBusiness
Biden to name first Native American as U.S. treasurer
Marilynn ‘Lynn’ Malerba, the lifetime chief of the Mohegan Indian Tribe, will oversee the Mint and her signature will be on currency.
Posted inBusiness, Maine
Maine home sales activity is slowing down, but it’s not a buyer’s market yet
May was largely a continuation of existing trends, with home sales down 12% and prices up 15% from a year ago.
Posted inBusiness, Maine
Businesses say they’ll weather the closure of part of Portland’s Marginal Way for 4 weeks
The city has a traffic plan, and motorists will be able to access businesses from other streets.
Posted inBusiness, Nation & World
Biden signs off on hefty pay raise for federal firefighters
The move that affects more than 16,000 wildland firefighters and comes as much of the West braces for a difficult wildfire season.
Posted inBusiness, Nation & World, News
U.S. home sales slow for the 4th month as prices enter unprecedented territory
The average rate on a 30-year home loan climbed to 5.78% last week, the highest its been since November of 2008 during the housing crisis.
Posted inBusiness, Maine, News
As Maine camps open for the summer, it’s harder than ever to staff them
Directors of overnight and day camps have been scrambling to get staff in place in time for the kickoff of summer camp season.