The Fed has been delaying any consideration of interest rate cuts until it gains more confidence that inflation is steadily slowing.
News
Local, state and national news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Yellen says threats to democracy risk U.S. economic growth, an indirect jab at Trump
Her remarks serve as a sort of warning for business leaders who may overlook Trump’s disregard for modern democratic norms because they prefer the former president’s vision of achieving growth by slashing taxes.
advertisement
Posted inKennebec Journal, Local & State, Schools and Education
Richmond school committee to send $8.2 million budget to voters
The increase over the current year is now under 4% after interim Superintendent Bob Webster cut $27,000 from the previous proposal.
Posted inBusiness, Nation & World, News
AI-controlled fighter jet took Air Force leader for a historic ride. What that means for war
Future war scenarios envision swarms of American unmanned aircraft providing an advance attack on enemy defenses to give the U.S. the ability to penetrate airspace without high risk to pilot lives.
Posted inArts & Entertainment, Books, Local & State
‘Northeaster,’ ‘Maine, A Love Story’ among finalists for Maine Literary Awards
The winner will be announced at a ceremony in Rockport on May 30.
Posted inBusiness, Nation & World, News
Google, Justice Department argue whether search engine is a monopoly
The biggest antitrust trial in more than two decades has revolved around how much Google derives its strength from contracts with companies like Apple to make Google the default search engine preloaded on cellphones and computers.
Posted inBusiness, Nation & World, News
Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy.
Posted inNation & World, News, Schools and Education
Striking deals to end campus protests, some colleges invite discussion of their investments
The agreements to even discuss divestment mark a major shift on an issue that has been controversial for years, with opponents of a long-running campaign to boycott Israel saying it veers into antisemitism.
Posted inNation & World, News
Jewish students grapple with how to respond to pro-Palestinian campus protests
Like many Americans, Jewish students’ views on the war in Gaza and the broader Israeli-Palestinian conflict are wide-ranging and often nuanced.
Posted inMaine Crime, News
Avon man charged in arson investigation involving 3 vehicles at his residence
Patrick J. Barr, 53, was arrested by a state fire investigator Thursday on a charge of arson.