The benchmark S&P 500 index fell 1.6% after wiping out an early gain of 4.1%, which had it on track for its best day in years; it’s now about 19% below its record high, set just a few months ago.
Nation & World
National and world news from the Portland Press Herald.
Posted inBusiness, Nation & World
US stocks dip slightly after careening through a manic day following Trump’s latest tariff threat
The S&P 500 slipped 0.2% at the end of a day full of heart-racing reversals. The Dow Jones Industrial Average fell 0.9%, while the Nasdaq composite edged up by 0.1%.
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Posted inMaine, Nation & World, Politics
Maine senators split on vote to confirm Dr. Oz to lead Medicare, Medicaid
The Senate confirmed TV personality Mehmet Oz to lead the office that oversees health insurance programs for roughly half the country.
Posted inAuto, Business, Maine, Nation & World
Looking to buy a new or used car? In need of repairs? What to know about new auto tariffs
Here’s what we know about how Mainers will be impacted by the changes that begin Thursday.
Posted inBusiness, Maine, Nation & World, Politics
As tariffs set in, Mainers have about 2 months until car prices jump
President Donald Trump’s 25% tariff on imported vehicles and parts goes into effect Thursday. Dealers, mechanics and consumers could all take a hit.
Posted inBusiness, Nation & World, Politics
Trump launches tariffs, saying global trade has ‘looted, pillaged’ US economy
Because President Donald Trump has hyped his tariffs without providing specifics, he has provided a deeper sense of uncertainty for the world, a sign that the economic slowdown could possibly extend beyond U.S. borders.
Posted inMaine, Nation & World
Maine joins lawsuit against Trump’s health funding cuts
Maine is one of 23 states to challenge $11 billion in cuts to public health funding, which led to layoffs from state health agencies across the country.
Posted inMaine, Nation & World, News, Schools and Education
Trump administration issues ‘final warning’ to Maine over transgender policy
Republican lawmakers urged Gov. Janet Mills and Democrats to fast-track legislation to comply with President Donald Trump’s demands.
Posted inMaine, Nation & World, News, Politics
DHHS refers Maine to Justice Department for enforcement regarding ‘noncompliance with Title IX’
The action comes a day after state officials refused to sign a proposed agreement to stop allowing transgender athletes to compete in girls’ high school sports.
Posted inNation & World, News, Politics
Trump signs executive order to end collective bargaining at agencies involved with national security
Rep. Jared Golden said he would ‘introduce legislation to repeal’ the order, which would affect Portsmouth Naval Shipyard, Togus VA Medical Center, SUBSHIP Bath at Bath Iron Works, the AFL-CIO said.