Experts say the costs of rerouting vessels around South Africa or through the Panama Canal will increase prices for consumer goods shipped from Asia to the U.S. East Coast.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Health, Nation / World
New weight loss drugs are out of reach for millions of older Americans because Medicare won’t pay
Obesity drugs like Wegovy and Zepbound are capturing the attention of celebrities and showing promising results in helping people shed pounds.
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Posted inArts & Entertainment, Business
Amazon Prime ads on movies, TV shows will begin in late January
Prime members who want to keep their movies and TV shows ad-free will have to pay an additional $2.99.
Posted inBusiness
U.S. applications for jobless benefits rise, but labor market remains solid
Overall, 1.88 million Americans were collecting jobless benefits during the week that ended Dec. 16 – an increase of 14,000 from the previous week.
Posted inBusiness, Maine
Maine board wants to hand decision on electric vehicle mandate to Legislature
If lawmakers step in, it will further delay a policy that environmental groups had hoped would already have been decided.
Posted inBusiness, Nation / World, News
The New York Times sues OpenAI and Microsoft for using its stories to train chatbots
An OpenAI spokesperson said in a prepared statement that the company respects the rights of content creators and is ‘committed’ to working with them to help them benefit from the technology and new revenue models.
Posted inBusiness, Lewiston-Auburn, News
Lewiston to buy part of Ramada property for future fire station
The city will pay $225,000 for roughly 2 acres behind the hotel on Pleasant Street.
Posted inBusiness
Chinese carmaker overtakes Tesla as world’s most popular EV maker
The passing of the EV sales crown also reflects the shift in competitive dynamics between Tesla’s Elon Musk, the world’s richest executive, and BYD’s billionaire founder Wang Chuanfu.
Posted inBusiness
Worst of the cocoa rally is yet to come for chocolate makers
Chocolate prices have already surged 17% in the U.S. over the past 2 years as commodity costs from cocoa to sugar jumped, according a consumer researcher.
Posted inBusiness
More states deciding home buyers should know about flood risks
North Carolina, South Carolina, New York and New Jersey this year embraced more stringent requirements for home sellers to disclose whether a property is at risk of flooding.