In a historic vote, Tesla shareholders have power to decide whether Musk will keep his title as richest man on earth.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World, News
Elon Musk has made X more right-leaning, study shows
The percentage of Republican users who think X is ‘mostly good’ for American democracy has more than tripled since Musk purchased the site in October 2022.
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Posted inBusiness, Nation / World, News
Apple will use AI to generate infinite emojis. Will it ruin the fun?
Tech companies are trying to put AI into everything. What happens when it comes for the ways we communicate with our closest friends?
Posted inBusiness, Nation / World, News
Wells Fargo racial disparity case heads to class-action decision
At the heart of the case is a dispute over a credit-scoring algorithm that plaintiffs say disparately impacted minority applicants.
Posted inBusiness, Nation / World, News
U.S. expands Russia sanctions to target Arctic natural gas projects, semiconductor chips
The move comes as President Biden prepares to join Group of Seven leaders for a summit in Italy, where one of their top concerns will be securing new ways to bolster aid to Ukraine and further constrain Russia.
Posted inBusiness, Maine
Maine to add high-speed EV charging stations at 17 locations
The state is spending about $8.6 million to expand fast-charging EV stations throughout the state, extending the network to more rural areas to reduce range anxiety and make long-distance trips viable in an EV.
Posted inBusiness, Nation / World, News
Federal Reserve sees progress on inflation but envisions just 1 rate cut this year
The policymakers said the economy is growing at a solid pace, while hiring has ‘remained strong’ and there has been ‘modest’ further progress toward its 2% inflation target.
Posted inBusiness, Maine, News
CMP bills to rise at least $10 a month; destructive storms blamed
State regulators approve the increase to cover the $220 million cost of restoring power after recent storms, and promise a proceeding in the ‘near future’ to consider how to balance storm response with affordability.
Posted inBusiness, Maine
Maine to receive $4.8 million in multistate baby powder settlement with Johnson & Johnson
The $700 million settlement resolved disputes over deceptive marketing practices by Johnson & Johnson for talcum powder.
Posted inBusiness, Lewiston-Auburn, News
Lewiston Planning Board approves massive Continental Mill redevelopment
The project includes 377 market rate apartments, commercial spaces and restaurant space at the massive mill complex.