Business - Portland Press Herald

Supreme Court puts hold on Texas law that prevents removal of social media posts

by Robert Barnes and Cat Zakrzewski The Washington Post May 31, 2022May 31, 2022

The statute bars companies from removing posts based on a user’s political ideology.

Biden and Fed chairman plot inflation fight as nation worries

by JOSH BOAK, CHRISTOPHER RUGABER and ZEKE MILLER Associated Press May 31, 2022May 31, 2022

Like the president, the Fed wants to slow inflation without knocking the U.S. economy into recession, a highly sensitive mission.

Business, Nation & World

Oil prices surge, gas hits new high after EU cracks down on Russia

by Hamza Shaban The Washington Post May 31, 2022May 31, 2022

The U.S. average for a gallon of gasoline now stands at $4.62.

Business, Maine Cannabis Report

New Mexico tribes near deal to sell recreational cannabis

by Associated Press May 31, 2022May 31, 2022

Officials recognize Native Americans’ authority to enter the state’s new legal market, but it’s unclear how federal law enforcement would react.

Business, Maine Cannabis Report

New Jersey sees $24 million in marijuana sales in first month, grants new licenses

by MIKE CATALINI Associated Press May 31, 2022May 31, 2022

Nearly a dozen new retailers are approved at regulators’ first public meeting since since the market opened.

Business, Maine

Biddeford workers say their push to unionize comes from love of their jobs

by Gillian Graham May 31, 2022May 30, 2022

The union organizers in Biddeford are young. They say they want Starbucks to live up to the ideals it espouses.

Business, Nation & World

EU leaders, divided over Russia oil embargo, seek a solution

by LORNE COOK and SAMUEL PETREQUIN Associated Press May 30, 2022May 30, 2022

The EU gets about 40 percent of its natural gas and 25 percent of its oil from Russia.

Business, Nation & World

U.S. gasoline prices surge to fresh record in another blow to drivers

by Jack Wittels Bloomberg May 30, 2022May 30, 2022

Average retail prices in the U.S. reached $4.619 per gallon as of Monday.

Business, Nation & World

Fed’s Waller backs half-point rate hikes at ‘several’ meetings

by Alister Bull Bloomberg May 30, 2022May 30, 2022

U.S. central bankers raised rates by a half point this month to cool the hottest inflation in 40 years and have signaled they’ll hike by the same amount again at their meetings in June and July.

Business, Maine

New unions in Portland make racial justice a top priority

by Peter McGuire May 30, 2022May 31, 2022

Young, progressive workers say they want enforceable contracts that reflect management’s pledges of support for diversity, equity and inclusion.