The typical white family possessed eight times the wealth of Black families and five times the wealth of Hispanic families in 2019, the Fed said.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State
‘Viral marketing’ takes on new definition as pandemic alters ad campaigns
The pandemic forced businesses throughout Maine to consider the way they had been marketing themselves, and whether they needed to adapt to a changed world.
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Posted inBusiness, Local & State
Severe recession, without aid, could shrink Maine government revenue for years
Severe economic effects of the coronavirus pandemic could linger for years, based on a recent ‘stress test’ conducted by state analysts.
Posted inBusiness, Food & Dining, Local & State, News
Another Maine restaurant is forced to shut its doors
The operators of Lio say the financial challenges posed by the COVID-19 pandemic have proved too difficult to overcome.
Posted inBusiness, Food & Dining
Dine Out: Maine restaurants warm up to prepaid tickets
Some local restaurant chefs are experimenting with a prepaid, ticket-based model for dinners, which hold special appeal during a pandemic.
Posted inBusiness, Kennebec Journal, Morning Sentinel, News
Central Maine business briefs: Hammond Lumber Company announces new senior leadership team
People & Places: Nykki Stevens joins Fontaine Family Team.
Posted inBusiness, Nation & World
Stocks post solid gains as technology shares lead rally
But the S&P 500 still posted its fourth straight weekly loss, extending Wall Street’s September swoon.
Posted inBusiness, Local & State, Nation & World
Hacked software provider acknowledges ransomware attack
Texas-based Tyler Technologies, which also has offices in Maine, is a major U.S. provider of software services to state and local governments.
Posted inBusiness, Nation & World
Chinese company says coronavirus vaccine to be ready by early 2021
The pharmaceutical firm says CoronaVac will be made available for distribution worldwide, including the United States.
Posted inBusiness, Nation & World
As virus surges in France, Marseille fights against closures
Angry restaurant and bar owners demonstrate against a French government order to close all public venues as of Saturday.