The market’s choppy start to the week follows four straight weeks of gains for the S&P 500 on hopes that inflation is peaking and the Federal Reserve might ease its aggressive interest rate hikes.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
New climate deal spurs hopes of more carbon storage projects
University of Wyoming researchers are studying whether tiny spaces in rock deep underground can permanently store vast volumes of greenhouse gas emitted by a coal-fired power plant.
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Posted inBusiness, Local & State
Commercial solar industry on track to spend $540 million in Maine by 2027, study shows
But critics say the conclusions of the report by a renewable energy trade group ignore the potential impact development subsidies will have on electric rates.
Posted inBusiness, Local & State, New England
New England farmers face new challenges as drought follows drought
Huge meanders of the jet stream, or air current, get stuck in place, locking in extreme weather events that can alternately be associated with extreme heat and drought in one location and extreme rainfall in another.
Posted inBusiness, Maine Cannabis Report, Nation & World
South Dakota tribe long opposed to alcohol embraces cannabis
The Oglala Sioux Tribe has banned alcohol for over 100 years, but views responsible cannabis use as a safe and natural medical treatment.
Posted inBusiness, Maine Cannabis Report, Nation & World
Voters to decide whether recreational cannabis will be legal in Missouri
Supporters get a constitutional amendment on the ballot after legalization efforts failed in the Legislature.
Posted inBusiness, Nation & World, News
Starbucks asks labor board to halt union votes temporarily
More than 220 U.S. Starbucks stores, including one in Biddeford, have voted to unionize since last year.
Posted inBusiness, Local & State
Some ships push back at rules requiring slowdown for right whales
The rules would expand seasonal slow zones off the East Coast, and require more vessels to comply with the rules.
Posted inBusiness, Local & State, New England, News
Electric boats poised to make waves on Maine coast
Battery-powered outboards are seen as a first step in ‘electrifying’ the working waterfront. Are pleasure boats next?
Posted inBusiness, Local & State, News
Did it work? The elusive impact of a $45 million state grant to grow jobs
The Maine Technology Institute, which awarded the taxpayer funds, makes very little data available about the investments.