The announcement that the Tesla billionaire tweeted is another twist amid signs of internal turmoil over his planned buyout of Twitter.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Uncategorized
Senate confirms Powell for 2nd term as Federal Reserve chair
The vote gives bipartisan backing to Jerome Powell’s high-stakes efforts to curb the highest inflation in four decades.
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Posted inBusiness, Nation & World
U.S. stocks end mixed after another day of erratic trading
The stock market ended another erratic day of trading with mixed results as investors grapple to understand what’s next with inflation and the U.S. central bank’s response to it.
Posted inBusiness
Crypto comes to Washington. Will the millions buy influence?
Cryptocurrency tycoons are emerging as new power players in American politics.
Posted inBusiness, Local & State
South Portland’s Dead River Co. announces leadership change
The propane and heating oil provider said Thursday that its president and CEO, Deanna Sherman, will retire at the end of June.
Posted inBusiness, Nation & World, News
Parents swap, sell baby formula as Biden plans to talk to businesses
The problem is the result of supply chain disruptions and a safety recall, and has had a cascade of effect.
Posted inBusiness, Local & State, Nation & World, New England
U.S. fishing haul fell 10% during first pandemic year
Some of the largest value seafood species were once again New England staples, such as lobster, a fishery anchored in Maine, and sea scallops, many of which come to the docks in Massachusetts.
Posted inBusiness, Nation & World
Report: Trump officials, meat companies knew workers at risk
Meat processors lobbied hard to keep their plants open during the pandemic, winning relaxed health rules and designation by Trump as critical infrastructure.
Posted inBusiness, Nation & World
Biden cancels offshore oil lease sales in Gulf Coast, Alaska
Meanwhile, a federal appeals court is considering a challenge to a moratorium on new federal leasing that Biden imposed soon after taking office.
Posted inBusiness, Nation & World
Slightly more Americans sought jobless aid last week
The total number of Americans collecting unemployment benefits remained at its lowest level in more than five decades.