“Recession risks are high – uncomfortably high – and rising,” one leading economist says.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State
April home sales fell 21% in Maine, but prices went through the roof
The limited selection of homes on the market last month sold for 25% more than in April 2021.
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Posted inBusiness, Nation & World
A bear market may be on the Wall Street horizon. Here’s what that means.
Low interest rates act like steroids for stocks and other investments, and Wall Street is now going through withdrawal.
Posted inBusiness, Nation & World, New England
New Hampshire got a record 4.3 million visitors last fall
In the last year, the state has expanded its advertising beyond its core markets of New England and New York to include destinations within a 600-mile radius.
Posted inBusiness, Nation & World, News
Senate passes $40 billion Ukraine aid package
An infusion of military and economic aid for Ukraine and its allies now heads to President Biden for his signature.
Posted inBusiness, Local & State
Maine’s one-month halibut season opens
The halibut season in Maine is a tightly regulated one and runs from May 18 to June 13.
Posted inBusiness, Nation & World
More Americans applied for jobless benefits last week
But the total number of Americans collecting unemployment benefits is at a 53-year low.
Posted inBusiness, Nation & World, Politics
Biden’s burdens grow amid sagging global economy
His approval ratings have plunged as prices for everyday goods in the U.S. have soared.
Posted inBusiness
‘Pharma Bro’ Shkreli freed from prison for halfway house
He gained notoriety after buying rights to Daraprim and raising its price from $13.50 to $750 per pill.
Posted inArts & Entertainment, Business
Chris Wallace will host interview show for CNN on Sunday nights
Formerly of Fox News Channel, he has made some appearances on the network, including on primary coverage Tuesday night.