The Education Department has failed to update critical guidelines used to calculate financial aid – an error that could result in students receiving less scholarship and grant money for college.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World, News
Walmart pulls advertising spending from X amid concerns about hate speech
Walmart is joining the Walt Disney Co., IBM, NBCUniversal and its parent company Comcast, and other companies who have decided to stop spending on X.
advertisement
Posted inBusiness, Nation / World
Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts
Powell’s remarks Friday follow comments from a raft of Fed officials this week, with most of them signaling that the Fed can afford to keep its key rate steady in the coming months.
Posted inBusiness, Nation / World, News
Maine’s decades-old shrimp fishery, a victim of climate change, to remain closed indefinitely
The industry has been in a moratorium since 2013 in large part because environmental conditions off New England are unfavorable for the cold water-loving shrimp.
Posted inBusiness, Maine, News
Future of Shaw’s Supermarkets unclear post Kroger-Albertsons merger
Albertsons owns 19 Shaw’s stores in Maine that are part of a pending $24.6 billion takeover by Kroger.
Posted inBusiness, Nation / World
Thousands of fake Facebook accounts shut down by Meta were primed to polarize voters ahead of 2024
The accounts sported fake photos, names and locations as a way to appear like everyday American Facebook users weighing in on political issues.
Posted inBusiness, Nation / World
Drugmaker AbbVie to spend over $10 billion on ImmunoGen to juice its cancer-fighting treatment portfolio
Cheaper versions of the drugmaker’s all-time best seller, Humira, are cutting into its sales.
Posted inBusiness, Nation / World
Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool
It’s the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth.
Posted inBusiness
Pressure builds to eliminate fossil fuel use as oil executive, under fire, takes over climate talks
In an early victory, negotiators unanimously approved a plan to fund a new program to compensate poorer nations for climate change damage.
Posted inBusiness, Nation / World
Musk targets advertisers who boycott X with expletive-filled rant
In the interview, Musk said the comment was one of the most foolish he had ever made, and said he was not an antisemite.