The downbeat close to the week suggests investors are uncertain about how strongly the economic recovery will be in the second half of the year.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine, News
EPA says Windham dealership tampered with truck emissions controls
The federal agency is seeking a $168,700 fine for the alleged violations of the Clean Air Act.
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Posted inBusiness, Nation / World
U.S. retail sales rose 0.6% in June as economy opens up
The increase was a surprise to Wall Street analysts, who had expected sales to fall slightly last month.
Posted inBusiness, Nation / World
Officials advise wearing masks in Las Vegas as COVID cases rise
The recommendation affects casinos, concerts and clubs where business has boomed since restrictions were lifted.
Posted inBusiness, Maine
Federal judge hears arguments over Maine’s residency requirement for medical cannabis sellers
Wellness Connection of Maine sued the state in December to overturn a requirement that all medical marijuana dispensaries be owned by Mainers.
Posted inBusiness, Maine
Maine adds 3,000 jobs in June, but jobless rate holds steady at 4.8%
The unemployment rate, adjusted seasonally, has been unchanged in Maine for five consecutive months.
Posted inBusiness, Nation / World
Duck boat captain, 2 managers charged in Missouri sinking that killed 17
The state charges are filed after federal charges were dismissed for lack of jurisdiction.
Posted inBusiness, Maine, News
PAC spending on CMP power line referendum hits $15.2 million in 2021
A ballot question in November will ask voters if they want to prohibit the project. Proponents and opponents of the power line have spent more than $42 million since 2019 to influence the vote.
Posted inBusiness, Nation / World
U.S. warns businesses of risks as Hong Kong suppresses freedoms
An advisory issued Friday cautioned businesses that they are subject to the territory’s laws, including the security law, under which one U.S. citizen has been arrested.
Posted inBusiness, Maine
York County not affordable for working class, new report says
The report, based on homeownership and affordability data from the Maine Housing Authority, cites an alarming disparity between home prices and incomes.