The embrace of a more expansionary policy in China’s capital is effectively getting canceled out in the provinces, where authorities are in full belt-tightening mode.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World
Average rate on 30-year mortgage falls to 6.20%, its lowest level since February 2023
Lower mortgage rates would help boost home shoppers’ purchasing power. But many economists’ forecasts call for the average rate on a 30-year home loan to remain above 6% this year.
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Posted inBusiness, Nation / World
Moderna slashes research budget as vaccine sales disappoint
The company is slowing its pace of studying new treatments in part because of recent commercial challenges.
Posted inBusiness, Schools & Education
Student loan servicer Navient reaches $120 million settlement
$100 million of the settlement with Navient will be used to make payments to affected borrowers, a federal watchdog agency said Thursday.
Posted inBethel, Business, The Bethel Citizen
Work starts on Bethel Station condos development
The foundation for the Residences at Bethel Station is to be laid in the next 60 days. Completion is expected about 12 to 18 months after groundbreaking.
Posted inBusiness, Nation / World, News, Schools & Education
U.S. consumer watchdog finds school lunch fees are taking toll on parents
The U.S. Department of Agriculture has mandated that districts inform families of their options since 2017, but even when parents are aware, having to pay by cash or check to avoid fees can be burdensome.
Posted inBusiness, Nation / World
Campbell wants to say goodbye to the ‘soup’ in its name. It isn’t the first to make such a change
Campbell’s roots date back to 1869, as a modest operation out of New Jersey that later grew. The current Campbell Soup name was adopted in 1922, according to the company’s website.
Posted inBusiness, Nation / World
U.S. inflation reaches 3-year low as Federal Reserve prepares to cut interest rates
A key reason for last month’s drop in overall inflation was the third drop in gas prices in the past four months.
Posted inBusiness, Maine, News
Maine issues its first-ever recall of tainted recreational marijuana
It’s the first such recall since Maine’s recreational cannabis market launched in 2020, and it affects 3 pre-rolls and 1 flower product, all produced by Cannabis Cured.
Posted inBusiness, Franklin, Livermore Falls Advertiser
Apple producers in Livermore have big, colorful, juicy fruit this year
Boothby’s Farm Market and Orchard is open for apple picking four days a week at the orchard on Boothby Road.