Although U.S. export to the Caribbean’s largest island is rare, the Maine delegation’s leader is a seasoned veteran of Cuban trade and one of few Americans with an export license.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
Fed’s interest rate hikes may mark start of tough new economic climate
Decades of falling rates give way to higher borrowing costs and new math for investments.
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Posted inBusiness
Maryland Apple workers face hurdles after historic vote to unionize
Employees voted to unionize by a nearly 2-to-1 margin Saturday, joining a growing push across U.S.
Posted inBusiness
A recession ‘is not inevitable,’ White House says – again and again
There are growing fears across the country that aggressive actions to curb inflation could trigger an economic downturn.
Posted inBusiness, Maine
New England fuel dealers plot their future in a rapidly electrifying world
As more mandates and incentives are rolled out to fight climate change, a strategy emerges to cast doubt on electrification while talking up renewable liquid fuels.
Posted inBusiness, Nation & World
Bitcoin drops below $20,000 for first time since 2020
Investors are selling off riskier assets because central banks are raising interest rates to fight inflation.
Posted inBusiness, Nation & World
Warren Buffett’s final charity lunch draws record $19 million bid
The meal with the Berkshire Hathaway CEO was offered on an eBay auction.
Posted inBusiness, Maine, Outdoors, Sports
Maine Boatbuilders Show canceled because of ‘struggling economy’
The annual event, which dates back 3 decades, had been scheduled for July 15-17 at Portland Yacht Services.
Posted inBusiness, Nation & World
Smoking bans no longer a threat to casino revenue
The report comes as several states, including New Jersey, Rhode Island and Pennsylvania, are considering bans.