Voters will be deciding eight state referendum questions and electing mayors in Portland, Biddeford, Lewiston and Auburn.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World, News
Bonds are having the best run since 2020 on bets Fed is done hiking
It’s been a wild ride this week for bond traders who have also seen the Treasury unveil smaller-than-expected bond supply plans and key data – which the Fed has vowed to heed – that suggest the economy is starting to cool.
advertisement
Posted inBusiness
DoorDash warns diners: If you don’t tip, expect a longer wait
The company explained that the system, which is being tested in random locations around the U.S. and Canada, is intended to create incentives against cheapskates.
Posted inBusiness, Nation / World
How to turn your electric car into a mobile power plant
The 2.1 million electric vehicles now on the road in the US boast an estimated 126 gigawatt-hours of battery storage, according to a paper published in September by the nonprofit Smart Electric Power Alliance.
Posted inBusiness
U.S. employers pull back on hiring in October, add 150,000 jobs in face of higher borrowing rates
Strikes against Detroit’s automakers likely shrank last month’s job growth by at least 30,000.
Posted inBusiness, Maine
House Republicans rebuff move by Golden to block offshore wind in Gulf of Maine lobster area
Golden tried to amend 2024 appropriations legislation for the Department of Interior to bar wind development in what’s known as Lobster Management Area 1.
Posted inBusiness, Nation / World, News
Wall Street leaps toward its best week of 2023 amid hopes of an end to rate hikes
The S&P 500 leaped 1.9% for its fourth straight winning day. It’s already up 4.9% this week and on pace for its best week in nearly a year.
Posted inBusiness, Nation / World, News
AI summit agreements tip the balance of fight against digital threats in favor of humanity, U.K. prime minister says
British Prime Minister Rishi Sunak hailed the gathering’s achievements, including a ‘Bletchley Declaration’ committing nations to tackle the biggest threats from artificial intelligence.
Posted inBusiness, Maine
Mills seeks federal assistance for businesses affected by shooting
This would make businesses and nonprofits eligible for low-interest loans to make up for interruptions from the Lewiston-area shelter-in-place order.
Posted inBusiness, Nation / World, News
FTX founder Sam-Bankman-Fried convicted of defrauding cryptocurrency customers
After the monthlong trial, jurors rejected Bankman-Fried’s claim during 4 days on the witness stand in federal court he never committed fraud or meant to cheat customers before FTX.