The risks to the world economy are leading to an increasingly gloomy view of the months ahead for corporate leaders, government officials and other VIPs gathered at the World Economic Forum meeting in Switzerland.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine Cannabis Report, Nation & World, New England
Rhode Island governor signs bill legalizing recreational marijuana
Thirty-three retailers will be allowed to open up shop in the state. Sales will start Dec. 1.
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Posted inBusiness, Nation & World
Fed officials signal interest rates may head to ‘restrictive’ levels
According to minutes from their May 3-4 meeting, most agreed that half-point hikes also ‘would likely be appropriate’ when they next meet in June and July.
Posted inBusiness, Nation & World, News
Twitter shareholders meet amid Elon Musk’s takeover drama
Twitter’s regularly scheduled shareholder meeting Wednesday didn’t include a vote on the Tesla billionaire’s $44 billion bid for the social platform.
Posted inBusiness, Nation & World, News
Russia says it will pay foreign debt in rubles after U.S. ban
The move is likely to be seen by foreign investors as a default.
Posted inBusiness, Maine, News
Portland-based Covetrus to be taken private in $4 billion deal
The veterinary products and services firm has agreed to an offer by 2 private equity firms that want to buy the company while retaining its Portland headquarters.
Posted inBusiness, Food
The Wrap: Collaborative dinner to honor Chef Larry Matthews Jr., Scratch Baking Co. reopens (it’s about time!)
Also, Freeport gets a farmers market, a book is launched (over a few good brews), and Maine Lobster Week returns for a second year.
Posted inBusiness, Nation & World
Walmart apologizes, pulls ‘Juneteenth ice cream’ after online backlash
Critics accused the retail giant of commercializing a solemn holiday meant to commemorate the end of slavery in Texas.
Posted inBusiness, Nation & World
Russia is winning from the global food crisis it helped create
Wheat prices have gone up more than 50 percent this year.
Posted inBusiness, Nation & World
Stock market slump unsettling Americans eyeing retirement
Many soon-to-be retirees are also terrified about inflation. Social Security has a built-in adjustment, but it doesn’t keep up with real inflation.