The legislation that U.S. President Biden signed this week could allow Washington to widen its scope to target other China-related apps, such as the popular e-commerce platform Temu.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Opinion, Perspective
What you need to know about new overtime rule that will benefit millions
Beginning July 1, salaried workers making up to $43,888 a year will qualify for 1.5 times pay if they work more than 40 hours a week. That’s up from the current ceiling of $35,568 a year.
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Posted inBusiness, Opinion, Perspective
What the FTC ban on noncompetes means for workers and companies
Noncompete agreements affect an estimated 1 in 5 working adults, from hourly workers to CEOs.
Posted inBusiness
How U.S. changes to ‘noncompete’ agreements, overtime pay could affect workers
The new rules don’t take effect immediately. And they won’t benefit everyone. So what exactly would these rules mean for America’s workers?
Posted inBusiness
U.S. growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
A surge in imports, which are subtracted from GDP, reduced first-quarter growth by nearly 1 percentage point.
Posted inBusiness, Nation / World, News
Biden picks up another big union endorsement, this one from building trades workers
The endorsement adds to Biden’s considerable union support. The United Auto Workers and the United Steelworkers Union have both backed him.
Posted inBusiness, Nation / World, News
Biden administration announces schedule for up to 12 lease sales for offshore wind energy
The five-year plan announced Wednesday includes auctions in 2024 and 2028 for areas in the Gulf of Maine.
Posted inBusiness, Noteworthy
Lewiston’s Safe Voices names new director
LEWISTON — Safe Voices Executive Director Elise Johansen will be succeeded by Rebecca Austin, the agency’s director of programs, when Johansen steps down in June. Austin has been with the agency for 15 years, beginning first as an advocate based in Franklin County and most recently leading the programmatic teams that run the agency’s advocacy, […]
Posted inBusiness, Nation / World, News
About 1 in 4 U.S. adults over 50 say they expect to never retire, an AARP study finds
About 70% are concerned about prices rising faster than their income.
Posted inBusiness, Nation / World, News
Boeing’s financial woes continue, while families of crash victims urge U.S. to prosecute the company
Boeing is reporting a $355 million loss for the first quarter.