According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped to 4.16% with an average 0.8 point.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World, News
How the West is breaking through Russia’s propaganda wall
A new ‘fake news’ law signed by Russian President Vladimir Putin has threatened 15 years in prison for journalists who contradict state propaganda – including by calling the war a war.
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Posted inBusiness, Nation / World
Russia’s bond payment is in limbo as countdown to default begins
If Russia’s creditors don’t get the cash in dollars within the 30-day grace period that starts on Thursday, it would be the first time the nation defaulted on foreign-currency bonds since the Bolsheviks repudiated the czar’s debts in 1918.
Posted inBusiness, Noteworthy
Great Falls and Monmouth credit unions complete merger
AUBURN — Monmouth Credit Union members voted March 15 to merge with Great Falls Regional Federal Credit Union. Both have been staples in their respective communities since the early 1950s with their dedicated group of members, according to a Great Falls news release. The merger will combine Great Falls’ 3,300 members with Monmouth’s 2,200 members, […]
Posted inBusiness, Noteworthy
Lewiston adds 4 to municipal team
The city of Lewiston recently hired four new employees. Shelley Norton has been hired as a city planner by the Code & Planning Department. She had worked as a land use planner for the Androscoggin Valley Council of Governments since 2017 and as a planner for the town of Malta, New York, for four years […]
Posted inBusiness, Maine, Oxford Hills, Politics
Tribal sovereignty bill would allow Oxford Casino to conduct in-person sports betting
A last-minute amendment would allow harness racing tracks in Bangor and Cumberland and the Oxford Casino to offer in-person sports betting.
Posted inBusiness, Noteworthy
Lewiston ambulance service earns accreditations
LEWISTON — United Ambulance Service has received accreditation from the Commission on Accreditation of Ambulance Services. It has been Maine’s only nationally accredited ambulance service since 2006, maintaining compliance with national standards of excellence for over 15 years, according to a news release from United. Every three years United undergoes a voluntary review process that […]
Posted inBusiness, Noteworthy
Auburn rec department names new leadership
AUBURN — Auburn’s Recreation Department last December named Jeremy Gatcomb as director and Dawna Daigle as deputy Director of the Recreation Department. “I am proud to have Jeremy and Dawna leading our recreation efforts,” said City Manager Phil Crowell in a city news release. “We have built some great momentum — and a strong reputation […]
Posted inBusiness, Nation / World
Fed hikes key interest rate to fight inflation, with more to come
The Fed’s quarter-point hike in its key rate, which it had pinned near zero since the pandemic recession struck two years ago, marks the start of its effort to curb the high inflation that has followed the recovery from the recession.
Posted inBusiness, Maine
Power bill tax relief: Lawmakers find no easy solutions to complex problem
The sponsor of a bill envisioning some form of tax relief acknowledges, ‘there’s no silver bullet’ to ease high energy costs.