The chairman suggested Tuesday that the Federal Reserve would consider raising rates even faster if price increases failed to moderate.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
Livestreamed carnage: Tech’s hard lessons from mass killings
Experts are calling for a broader discussion around livestreams after a white gunman killed 10 Black people at a Buffalo supermarket
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Posted inBusiness, Nation & World, News
Retail sales rise 0.9% in April as consumers show resilience
The increase was driven by greater sales of cars, electronics, and at restaurants, the Commerce Department said Tuesday.
Posted inBusiness, Nation & World, News
Elon Musk says $44 billion deal won’t happen unless Twitter proves bot claims
Musk’s latest online pronouncement complicates an already chaotic takeover, potentially one of the largest acquisitions the internet industry has ever seen.
Posted inBusiness, Maine, News
Transit agencies ask for changes to funding letter to end stalemate over federal aid
Four Portland-area public transit operators say errors in a required letter to release the funding need to be corrected before they can sign it.
Posted inBusiness, Nation & World
Stocks end mostly lower, extending losing streak for S&P 500
Technology stocks were among the biggest losers after pushing and pulling the market throughout the day.
Posted inBusiness, Politics
In U.S., states struggle to replace fossil fuel tax revenue
Energy-producing states have the deepest dependence on fossil fuel income through taxes, royalties and fees.
Posted inBusiness
French carmaker Renault to sell Russian operations to Moscow
Selling gets Renault out of a difficult position that Western companies are facing as they determine whether to pull out of Russia.
Posted inBusiness, Nation & World
Six months in, Biden’s infrastructure plan has 4,300 projects
Of the $110 billion announced, $52.5 billion is for federal highway funding and $20.5 billion is for public transit.
Posted inBusiness, Nation & World, News
After more than 3 decades, McDonald’s pulling out of Russia
The fast-food giant is the latest Western company to exit the Russian market since the war began.