The new restrictions are likely to be unveiled as soon as late August as part of a broader package that also includes sanctions against more than 120 Chinese firms.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World, News
Federal Reserve says September interest rate cut could be ‘on the table’ as inflation cools
The Fed is seeking to strike a delicate balance: It wants to keep rates high enough for long enough to quell inflation, but also wants to avoid keeping borrowing costs so high that it triggers a recession.
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Posted inBusiness, Nation / World, News
Fed poised to keep rates steady. But rate cuts aren’t far off.
Officials are taking their time because they’ve been thwarted by the economy’s unexpected turns before.
Posted inBusiness, Lewiston-Auburn, The Buzz
Locally-owned pet supply store opens in Auburn
The Buzz: Owners Stephanie and Joe Cross opened Scales and Tails Pet Supplies about four months ago in Auburn.
Posted inBusiness, Lewiston-Auburn, The Buzz
Lewiston Farmers’ Market to host pop-ups for 20-year anniversary
The Buzz: Scales and Tails Pet Supplies opens in Auburn.
Posted inBusiness, Nation / World
Stores lure back-to-school shoppers with deals and ‘buy now, pay later’ plans
Many appreciate the flexibility, but consumer advocates have expressed concerns that the growth of the payment method may ultimately leave Americans in more debt.
Posted inBusiness, Maine, News
New Balance to close Norridgewock factory, move operations into expanded Skowhegan facility
The transition to the consolidated manufacturing facility, to be called ‘Central Maine,’ will begin this fall. All jobs at the Norridgewock site will be transferred to Skowhegan, the company said Tuesday.
Posted inBusiness, Maine, News
Regulators won’t investigate Casco Bay ferry changes, allowing first rate increase in 15 years
The Public Utilities Commission said opponents to the new rates ‘gloss over’ Maine law that directs the transit district to preserve the affordability of passenger, freight and vehicle transportation for year-round island residents.
Posted inAdvertiser Democrat, Business, Oxford Hills
Norway co-op housing set for another public hearing
The project is being proposed by Norway Equitable Housing Cooperative to bring more affordable housing to the area.
Posted inBusiness, Maine, News, Schools & Education
UMaine to build $10.3 million aquaculture research, workforce training center
Set to open in 2025, the Sustainable Aquaculture Workforce Innovation Center in Orono will prepare students for careers in the rapidly growing aquaculture industry.