As Federal Reserve officials consider whether to launch a digital version of the dollar, several former officials of one company with a direct stake in the outcome are working to inform the project, a new report based on public records finds. At least five employees of Circle, which issues the world’s second-most popular stablecoin, have […]
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World
New England to see heavy snow, but ice likely in Southern Plains
Airlines had canceled more than 1,000 flights in Texas by Wednesday morning.
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Posted inBusiness, Nation / World
Republican senator’s plan would require all Americans to pay federal income taxes
Democrats say Rick Scott’s comments reflect the GOP’s belief that much of the U.S. does not work hard enough.
Posted inBusiness, Maine, Politics, Schools & Education
Maine might cut student loan debt for first-time homebuyers
The bill would provide one-time funds for mortgages to first-time homebuyers who have student loan debt.
Posted inBusiness, Lewiston-Auburn, News
‘Startup Auburn’ contest announces winners
Three winning businesses’ offerings range from physical wellness to baked goods and Mexican cuisine.
Posted inBusiness, Maine, News
Ellsworth attorney suspended over alleged embezzlement from client
A judge ordered the immediate suspension of an Ellsworth attorney after bar investigators alleged he misappropriated money from a client’s estate he was hired to administer.
Posted inBusiness, Maine, News
Gov. Mills’ plan to rein in power companies faces two-pronged opposition
Many opponents either said the bill is a cynical ploy to maintain the status quo, or government overreach to address problems that don’t exist.
Posted inBusiness
The latest supply chain casualty? Your favorite six-pack of beer
Many brewers cite labor and trucking as their biggest cost increases.
Posted inBusiness, Maine, News
L.L. Bean, MaineHealth rank high on Forbes 2022 list of best U.S. employers
Freeport-based retailer L.L. Bean was ranked No. 35 on Forbes 2022 ‘America’s Best Midsize Employers’ list.
Posted inBusiness, Nation / World
Beekeepers using tracking devices to protect precious hives
The loss of a hive means the loss of income from honey production and future pollination, not to mention the expense of managing the colony throughout the year.