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Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, News, Politics
What’s the practical effect of Biden’s executive order on manufacturing?
The document would cut red tape and streamline reporting requirements in the federal research and development process.
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Posted inBusiness, Nation & World
U.S. price and wage increases slow further in the latest signs of cooling inflation
A price gauge closely monitored by the Fed rose just 3% in June from a year earlier, which is down from a 3.8% annual increase in May, but still above the Fed’s 2% inflation target.
Posted inBusiness, Nation & World, News
U.S. proposes 18% fuel economy increase for new vehicle fleet from 2027 through 2032
The proposed numbers were released Friday by the National Highway Traffic Safety Administration, which eventually will adopt final mileage requirements.
Posted inBusiness, Nation & World
The Mega Millions jackpot is now $940 million after months without a big winner
The jackpot is now the 8th-largest ever in the U.S.
Posted inBusiness, Local & State, News, Politics
Frustrated Biden seeks to get manufacturing message to resonate
Investment in manufacturing construction just had its single largest contribution to the nation’s economic growth in more than 4 decades, but Biden has grown increasingly frustrated with ineffective West Wing messaging on manufacturing.
Posted inBusiness, Local & State, Morning Sentinel
After devastating fall ends one career, man launches new one with opening of Skowhegan cafe
Joe Almand was a Skowhegan firefighter when he suffered extensive injuries last year in a fall along the Kennebec River Gorge, but he recovered and set a new path for himself that’s led to the opening of Joe’s Flat Iron Cafe downtown.
Posted inBusiness, News
Secret Tesla team reportedly thwarted range complaints by mass-canceling service appointments
The team was reportedly created to address a growing problem at Tesla: Its service center growth has not kept pace with the growth in sales for Tesla cars.
Posted inBusiness, Local & State, News, Politics
Biden to visit Auburn manufacturing plant during Maine visit Friday
The president is expected to sign an executive order to boost the incentive to manufacture new inventions in the U.S. while at Auburn Manufacturing.
Posted inBusiness
Wall Street’s rally runs out of gas as bond yields jump
The drop came despite fatter-than-expected profit reports from big companies and the latest signals of a resilient economy.