A chip shortage last year forced auto manufacturers worldwide to cut output by as much as 7.7 million cars, causing shortages of new and used vehicles.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine
Maine reports stronger hiring, lower jobless rate in December
The state added about 1,800 jobs and unemployment fell to 4.7%, Maine’s lowest rate since the coronavirus pandemic began.
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Posted inBusiness, Nation / World
Stocks end lower after another volatile day
Investors are trying to gauge multiple threats, including higher inflation, expected action by the Federal Reserve and potential conflict between Russia and Ukraine.
Posted inBusiness, Maine
Industry group opposes big changes to medical cannabis industry in Maine
According to the group, Maine’s Office of Marijuana Policy is backing off an earlier push to require supply-chain tracking of medical cannabis.
Posted inBusiness, Maine, News, Schools & Education
Part-time Mainer ‘relieved’ that U.S. Supreme Court will hear college admissions cases
The court agrees to hear two lawsuits challenging the role of race in college admissions filed by a group whose leader lives in South Thomaston half of the year.
Posted inBusiness, Nation / World
U.S. launches website for claiming Part 2 of child tax credit
People who were eligible for the expanded tax credit under last year’s pandemic relief bill can claim the second half of the payment they were due.
Posted inArts & Entertainment, Business, Maine, News
Attorneys for Robert Indiana estate settle with Maine over legal fees
More than $2 million will be returned to the Star of Hope foundation.
Posted inBusiness, Nation / World, Politics
U.S. Senate candidate smokes pot in ad to make a point about arrest disparities
A Louisiana community activist says most people arrested for marijuana have small amounts, “just like me.”
Posted inBusiness, Nation / World
Stocks climb back after steep slide driven by concerns about Fed, Ukraine
Early in the day, benchmark stock indexes flirted with near 4-month lows as investors anticipated guidance from the Fed later this week about its plans to raise interest rates to tame inflation.
Posted inBusiness, Maine
Worries grow as deadline for whale-friendly gear draws near
Maine lobstermen will have to use special rope or inserts to weaken existing rope beginning in May to help protect endangered North Atlantic right whales, but it’s not readily available.