The turnarounds are the biggest for each index since March 2020.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
New York attorney general asks for court oversight of Trump Organization
In a lawsuit filed last month, Attorney General Letitia James’ office accused Trump of habitually misleading banks and others about how much assets like his golf courses and other real estate were worth.
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Posted inBusiness, Nation & World, News
Worsening inflation will pressure Fed to keep raising rates
Even with widespread price spikes, the September data showed that the prices for many physical goods, including clothing, used cars, furniture, and appliances, dropped last month.
Posted inBusiness, Nation & World, News
Average long-term U.S. mortgage rates up another quarter point
Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate climbed to 6.92% from 6.66% last week.
Posted inBusiness, Nation & World
Social Security payments set for big increase. What to know.
Some estimates say the boost may be as big as 9%, the heftiest in 40 years.
Posted inBusiness, Nation & World, Politics
More Americans – 46% – call personal financial situation poor
It’s a notable downturn at a particularly inopportune moment for President Biden.
Posted inBusiness, Nation & World
Hurricane Ian batters southwestern Florida economy
Many snowbirds likely won’t return this year because of damage to their homes or because shops and restaurants won’t have yet fully recovered.
Posted inBusiness, Nation & World
Spiking veterinary prices reveal high inflation’s spread
The industry is also transformed by corporate purchases of animal clinics and hospitals.
Posted inArts & Entertainment, Business, Nation & World
‘CNN This Morning’ will debut on Nov. 1
The program, with Kaitlan Collins, Poppy Harlow and Don Lemon as hosts, replaces the current ‘New Day’ and will air weekdays from 6 to 9 a.m.
Posted inBusiness
Late slide sends Wall Street lower in more uncertain trading
Investors worry that stubbornly high prices on everything from food to clothing could lead to a recession.