Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have been worrying investors.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World
Musk denies sexual misconduct allegation by flight attendant
A report by Business Insider said SpaceX paid the woman $250,000 in severance in 2018 in exchange for her agreeing not to file a lawsuit over her claim.
advertisement
Posted inBusiness, Nation & World
Trump pays $110,000 fine, must submit paperwork to end contempt
A judge declared the former president in contempt of court on April 25 and fined him $10,000 per day for not complying with a subpoena in New York Attorney General Letitia James’ long-running investigation into his business practices.
Posted inBusiness, Maine
Maine unemployment rate hits pandemic low of 3.3%
The state’s jobless rate in April was the lowest in two years, and the number of jobs was nearly back to the pre-pandemic level.
Posted inBusiness, Maine
Some Maine businesses are starting down a path to 100% renewable power
Twenty companies from Biddeford to Brooklin have joined a new statewide business project called On the Pathway to 100% Clean Energy.
Posted inBusiness, Nation & World, Politics
Grants for restaurants, small businesses blocked in Senate
Sen. Collins voted to advance the bill but ultimately, not enough lawmakers were ready to back another $48 billion aid package for pandemic-stricken restaurants and other small businesses.
Posted inBusiness, Nation & World
Amazon threatened workers over union vote, labor officials find
Amazon is accused of threatening workers with minimum wage pay if they chose the union to represent them.
Posted inBusiness, Nation & World
Boeing crew capsule launches to space station on test redo
Boeing’s crew capsule has blasted off on a repeat test flight to the International Space Station.
Posted inBusiness
New Twitter policy aims to pierce fog of war misinformation
The changes make Twitter the latest social platform to grapple with the misinformation, propaganda and rumors that have proliferated since Russia invaded Ukraine in February.
Posted inBusiness
Stocks end lower, nearing but not quite in a bear market
Stocks ended another volatile day lower on Wall Street Thursday, bringing the market closer to its first bear market since the beginning of the pandemic.