A majority of senators maintain their opposition to recreational cannabis use, unswayed by the legal markets in neighboring states.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
What Twitter could do as a privately held company
Here’s a look at what it means for a company to go private.
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Posted inBusiness, Politics
Drop in U.S. GDP challenges Biden’s pitch to voters about the economy
The drop clearly put the president on the defensive after he has said repeatedly that the booming job market means the U.S. can withstand inflation at a 40-year high.
Posted inBusiness, Nation & World
FDA to announce plan to ban menthol in cigarettes, cigars
Menthol accounts for more than a third of cigarettes sold in the U.S.
Posted inBusiness, Nation & World
Fewer Americans filed for jobless claims last week
Weekly applications for unemployment aid have been consistently below the pre-pandemic level for most of this year.
Posted inBusiness, Nation & World
U.S. economy shrank last quarter for the first time in 2 years
The U.S. economy contracted at a 1.4% annual rate, yet consumers and businesses kept spending in a sign of underlying resilience.
Posted inBusiness
Twitter reporting earnings on heels of Elon Musk buyout deal
Twitter is due to report its first-quarter earnings before trading opens on Wall Street Thursday.
Posted inBusiness
Ford loses $3.1 billion, hit by investment and chip shortage
Ford has reported a $3.1 billion loss for the first quarter, in large part because of a drop in the value of its investment in an electric-vehicle startup.
Posted inBusiness, Uncategorized
Elon Musk’s Twitter ambitions to collide with Europe’s tech rules
His hands-off approach to moderating content could clash with ambitious new laws in Europe meant to protect users from disinformation, hate speech and other harmful material.
Posted inBusiness, Uncategorized
Disney government in dark about effect of law dissolving it
Confusion is rife at the first meeting of Disney World’s private government since Florida’s governor signed the bill.