Wall Street has been trying to gauge how the slowdown in the economic recovery will affect the central bank’s decision-making process.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
United Airlines says 97% of U.S. employees have been vaccinated
The airline said it will start termination proceedings as soon as next Tuesday against those who are unvaccinated and have not received exemptions.
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Posted inBusiness, Nation & World
Apple, Google raise new concerns by yanking Russian app
The app, called Smart Voting, was a tool for organizing opposition to Russia President Vladimir Putin ahead of elections held last weekend.
Posted inBusiness, Nation & World
Company hopes to go mainstream with reusable packaging
In all, Loop says, 191 stores and restaurants worldwide will be selling products in reusable containers by the first quarter of 2022, up from just a dozen stores in Paris at the end of 2020.
Posted inBusiness, Local & State, News
Maine home prices up 15% in August as sales volume eases
The Maine Association of Realtors’ president said last month’s numbers suggest the state’s real estate market might be stabilizing.
Posted inBusiness, Nation & World
Fed on track to slow support for economy in November, chairman says
Meanwhile, the central bank’s policymaking committee indicates that it expects to start raising its benchmark interest rate sometime next year
Posted inBusiness, Nation & World
Existing U.S. home sales fell in August; price growth slows
It’s the latest sign the housing market is cooling as intense competition leaves many would-be buyers on the sidelines.
Posted inBusiness, Local & State
Waterville City Council moves closer to granting license to marijuana retail store owner
City looking to issue license to a marijuana retail shop owner who was told earlier this year a marijuana store would be allowed on College Avenue. But the council later took action that effectively prohibited the store from opening.
Posted inBusiness, Food & Dining
The Wrap: Common Ground Fair vendors gather, a call for recipes
Free coffee for a cause, Maine Lobster Week is underway, and a fermenting guru speaks
Posted inBusiness, Local & State
CMP touts customer service fixes in bid to lift state-imposed earnings penalty
Central Maine Power says it has met or exceeded state-imposed customer service benchmarks and paid a record penalty of $10 million in revenue over 18 months.