U.S. applications for jobless benefits rose last week but remain at historically low levels despite the Federal Reserve’s efforts to cool the economy and job market in its fight against inflation.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Paris sanitation workers end 3-week strike
Nationwide protests also appear to be winding down.
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Posted inBusiness, Nation & World
Computer scientists, tech notables call for pause in AI race
Their petition is a response to OpenAI’s recent release of GPT-4, a more advanced successor to its widely used AI chatbot ChatGPT.
Posted inBusiness, Nation & World
Credit Suisse accused of violating deal on rich Americans’ tax evasion
The Senate findings pose new problems for rival UBS as it tries to take over the long-troubled Swiss bank.
Posted inBusiness, Local & State, Nation & World, News
U.S. energy officials release strategy to boost offshore wind
The Biden administration is attempting to lower the cost of fixed offshore wind and support a domestic supply chain for the industry.
Posted inBusiness, Local & State, News
State considers $5.5 million bailout for Maine dairy industry
Over the last 2 years, Maine has lost a quarter of its dairy farms to runaway electricity, fuel and fertilizer costs, and skyrocketing interest rates. Only 161 remain in operation.
Posted inBusiness, Nation & World, News
Stocks rally on Wall Street as bank fears ease further
Traders are largely betting the Fed will have to cut rates as soon as this summer, something that can act like steroids for markets.
Posted inBusiness, Local & State
Goodwill Northern New England CEO stepping down by year’s end
Rich Cantz has been with Goodwill Northern New England for 20 years, the past five as president and CEO.
Posted inBusiness, Food & Dining, Local & State, News
The Quarry in Monson named a finalist for a James Beard award
But 10 other semi-finalists from Maine did not move on. Winners of the prestigious culinary awards will be announced in June.
Posted inBusiness
Dollar General targeted by U.S. for systemic work hazards
Federal inspectors have repeatedly found blocked emergency exits, fire hazards and boxes stacked to the point that they could collapse onto workers.