A hardy band of mostly amateur Wall Street investors have collectively made millions of dollars over the past month by betting that the stock price of Donald Trump’s Truth Social will keep dropping despite massive buying by his loyalists.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, News, Politics
Mills vetoes bill requiring developers of clean energy projects to work with unions
The bill would have required companies leasing state land for clean energy projects to enter into contract with labor unions.
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Posted inBusiness, Local & State, News
Mills hopes money for Maine ‘co-working’ businesses will help bring, keep remote workers
Eleven communal office companies – including 6 in southern Maine – were awarded a total of $500,000 as part of the Maine Jobs and Recovery Plan.
Posted inBusiness, Nation & World
Norfolk Southern CEO isn’t ruthless enough for investors after toxic train crash
Ancora Holdings Group is pushing for a new CEO at Norfolk Southern – but not because it wants the railroad to spend more on safety initiatives.
Posted inBusiness, Nation & World, Politics
Inflation is overshadowing U.S. economic resilience, hurting Biden
Most economists say the underlying momentum of the U.S. economy remains strong. But growth and jobs – which have been surprisingly sturdy – have generated little tangible benefit to Biden’s hopes for reelection.
Posted inBusiness, Local & State, News
Maine made progress in wages and productivity, but still faces shrinking labor force
A report released Friday by the Maine Department of Economic and Community Development says the state has hit some of its 2030 targets but has fallen short of ‘where we need to be.’
Posted inBusiness, Local & State, News
Amtrak planners identify 3 possible sites for new train station in Portland
Moving the station from its current location at Thompson’s Point would reduce travel time and improve efficiency of the Downeaster service between Boston and Brunswick.
Posted inBusiness, Health, Local & State, News
Bill on transparency about hospital facility fees takes effect without Gov. Mills’ signature
The law, a watered-down version of the original legislation, requires health care facilities to post signs to let patients know that facility fees are being charged.
Posted inBusiness, Health, Local & State, News
Maine’s high court upholds COVID vaccine mandate for EMS personnel
A group of emergency medical personnel challenged the 2021 vaccine mandate, but the Maine Supreme Judicial Court says a state board had full authority to impose the rule.
Posted inBusiness, Health, Nation & World
Strict new EPA rules would force coal-fired power plants to capture emissions or shut down
Environmental Protection Agency Administrator Michael Regan says the new rules are targeting pollution that’s ‘pushing our planet to the brink.’