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Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Uncategorized
Poland is restoring gas supplies halted by Russian firm
Poland’s state gas giant says it is gradually restoring the flow of gas to the municipalities using a Russian company’s infrastructure.
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Posted inBusiness, Uncategorized
Tech stocks sink again, Nasdaq has worst month since 2008
More steep losses for technology stocks pushed the S&P 500 down 3.6% on Wall Street Friday.
Posted inBusiness, Nation & World, News
Musk’s Twitter pitch featured layoffs, ways to monetize platform
On calls with teams of bankers before the deal was announced, Musk fielded questions on how he would generate financial returns at Twitter.
Posted inBusiness, Nation & World
A key inflation gauge jumped 6.6% in March, most since 1982
Spiking prices are pressuring household budgets but there are signs inflation might be slowing.
Posted inBusiness, Nation & World
Inflation hits record high of 7.5% in countries using euro
The war in Ukraine and bottlenecks in supplies of raw materials and parts have contributed to higher prices.
Posted inBusiness
Ford recalls Explorer SUVs that can roll away while in park
Ford Motor Co. is recalling more than a quarter-million Explorer SUVs in the U.S.
Posted inBusiness
Elon Musk sells $4 billion in Tesla shares, presumably for Twitter deal
Analysts said Tesla investors fear Musk will be distracted by Twitter and less engaged in running the electric car company.
Posted inBusiness, Nation & World
Top Democrats push for federal crackdown on high gas prices
Democratic leaders have announced an effort to give the Federal Trade Commission increased authority to crack down on oil and gas companies that engage in price gouging.
Posted inBusiness
Long-term U.S. mortgage rates edge down this week to 5.1%
After seven weeks of increases, the average rate on a 30-year mortgage inched down from last week.