For decades, the Federal Reserve made clear its readiness to raise interest rates at the earliest signs of creeping inflation.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Food & Dining, Local & State
Maine maple syrup producers will hold open weekend after all
The event will finally take place this fall.
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Posted inBusiness, Food & Dining
The Wrap: Lost Kitchen opens, Vinland closes
New restaurants, garden tours, and chocolate on the radio.
Posted inBusiness, Local & State
Investment firm proposes $100 million trio of solar projects for Maine
The proposal offers further proof of Maine’s growing appeal as a location for solar energy farms.
Posted inBusiness, Local & State, News
Feds say Maine will receive money to fund added jobless benefits
The funding, being provided by the Federal Emergency Management Association, will allow Maine to provide $300 per week on top of a worker’s unemployment benefit, FEMA said Tuesday.
Posted inBusiness
S&P 500 shakes off a bumpy start, pushes to another record
Positive developments around the pandemic have helped boost the market, but the economy is still hurting.
Posted inBusiness
AP poll: Many in U.S. shoring up finances amid downturn
Despite increased unemployment, 45 percent of Americans say they’ve saved more money than usual.
Posted inBusiness
Amazon teams with university to train military employees for new roles
Workers can take the online courses to prepare them for the company’s current and future needs.
Posted inBusiness
American Airlines plans 19,000 furloughs, layoffs in October
The decision falls heaviest on flight attendants, with 8,100 being terminated.
Posted inBusiness, Nation & World
Many in U.S. setting aside more money amid downturn, poll finds
About two-thirds say they’re spending less than usual during the pandemic.