The big question is when the central bank will begin to slow its purchases of Treasury and mortgage bonds.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News
New sinking in tilting San Francisco high-rise halts repair
The 58-story tower opened to fanfare in 2009 and all 419 apartments quickly sold out.
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Posted inBusiness, Health, Local & State
Philanthropist Donald Sussman donates $2 million to Blue Hill hospital
The money will help fund a new hospital, which will have a full-service emergency department, laboratory, imaging, rehabilitation services and primary and select specialty care as well as individual patient rooms.
Posted inBusiness, Nation & World, News
Maine jobless claims hit pandemic low as U.S. claims rise for first time in 5 weeks
A resurgence of cases linked to the highly contagious delta variant has clouded the economic outlook, and claims remain high by historic standards.
Posted inBusiness, Nation & World, New England
Concern about endangered whales cited in lawsuit over wind farm
In response, a group that represents renewable energy companies stressed the project has undergone a lengthy environmental review, permitting and public comment process.
Posted inBusiness
S&P 500, Nasdaq set records for 2nd straight day
The Federal Reserve’s annual convention in Jackson Hole, Wyo., begins Thursday.
Posted inBusiness, Local & State
David Flanagan, CMP executive chairman and Maine business icon, is battling cancer
Flanagan will take on the less demanding role of senior advisor when incoming President and CEO Joseph A. Purington takes over at the end of September.
Posted inBusiness, Nation & World
Krispy Kreme doubles up on free doughnuts for those who get vaccinated
The promotion runs from Aug. 30 to Sept. 5.
Posted inBusiness, Nation & World
Tech companies pledge billions in cybersecurity investments
In public remarks before the private meeting got underway, the president referred to cybersecurity as a ‘core national security challenge’ for the U.S.
Posted inBusiness, Nation & World
Federal rules to protect right whales from gear may extend to other fisheries
A new phase of rules could include fisheries that use gillnets and those that use traps and pots.