Noticeable pockets of Americans – renters, and lower- and middle-income borrowers – are running up their credit cards balances, and increasing numbers are falling behind on their debts.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine, News, Politics
Maine regulators asked for opinions on a plan to expand electric vehicle sales. They got 1,700 comments.
The Board of Environmental Protection will consider the proposal next month after postponing its meeting in December.
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Posted inBusiness, Nation / World, News
Judge rules casinos have no duty to stop compulsive gamblers from betting
A judge says that the voluminous rules and regulations governing gambling in New Jersey do not impose a legal duty upon casinos to cut off compulsive gamblers.
Posted inBusiness, Nation / World, New England, News, Sports
With 7 matches for the 2026 World Cup, Boston expecting huge economic boost
A FIFA study projected a city hosting the World Cup would generate $400 million in spending, adding that the number would have to be adjusted now that Boston is set to host 7 games.
Posted inBusiness, Nation / World, News
Strike averted as hospitality union settles with Las Vegas hotel-casinos before Super Bowl week
The union announced last week that it would go on strike if tentative contracts weren’t in place by 5 a.m. Monday.
Posted inBusiness, Nation / World, News
32,000 tech industry workers have been laid off this year already
Although economic factors are the main reason for tech layoffs, many companies are citing the race for artificial intelligence as a factor.
Posted inBusiness, Food, Maine
Maine may join rest of New England in banning food scraps from landfills
Supporters want lawmakers to do something about rotting food waste, which produces dangerous levels of methane gas. But critics of the proposal say a ban would be too costly for the state and businesses.
Posted inBusiness, Maine, News
Major solar projects in Maine are being delayed by lengthy reviews
A trade group of manufacturers also has filed a complaint with the state supreme court over high costs charged to businesses to subsidize solar expansion.
Posted inBusiness, Maine, News
Maine DEP moves to fast-track recovery permits after destructive winter storms
Lawmakers hope to ease some environmental regulations so people can build more durable infrastructure and recover more quickly after January’s storms.
Posted inBusiness, Maine, News
The economy is booming. So, why don’t people feel better about it?
A disconnect exists between big-picture indicators like unemployment and wages and the reality of day-to-day life for many in Maine, where groceries and housing costs remain stubbornly high.