Meanwhile, the central bank’s policymaking committee indicates that it expects to start raising its benchmark interest rate sometime next year
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World
Existing U.S. home sales fell in August; price growth slows
It’s the latest sign the housing market is cooling as intense competition leaves many would-be buyers on the sidelines.
advertisement
Posted inBusiness, Maine
CMP touts customer service fixes in bid to lift state-imposed earnings penalty
Central Maine Power says it has met or exceeded state-imposed customer service benchmarks and paid a record penalty of $10 million in revenue over 18 months.
Posted inBusiness
Treasury Department will sanction crypto exchanges that help channel payments to hackers
The Biden administration is also warning companies that paying ransoms to hackers might be illegal.
Posted inBusiness
U.S. sues to stop deal between American Airlines and JetBlue
Attorney General Merrick Garland said the ‘alliance’ would be ‘an unprecedented maneuver to further consolidate the industry.’
Posted inBusiness, Lewiston-Auburn
Lewiston family brings a former apple orchard back to life
After a Lewiston native bought it as something to come home to after his Navy service ends in a few years, his family here started cleaning up the overgrown orchard. It responded so well to their TLC, they decided to open this fall.
Posted inBusiness
Fed likely to signal a coming pullback in economic support
Many economists think the Fed will formally announce a pullback in November, in response to a steady recovery from the pandemic recession and an acceleration in inflation.
Posted inBusiness, Nation / World
American Airlines partners with Bill Gates and puts up $100 million for green tech research
It is aimed at spurring research into technologies to lower carbon emissions.
Posted inBusiness, Nation / World
California halts insurance cancellations in major wildfire areas across 22 counties
The one-year ban will affect about 325,000 homeowners in fire-ravaged areas.
Posted inBusiness, Nation / World
U.S. easing foreign travel restrictions, but vaccinations required
The changes will allow families and others who have been separated by the travel restrictions for 18 months to plan for long-awaited reunifications.