The median price of a Maine home sold in September was $273,500 – a whopping 19.6 percent higher than during the same month a year earlier.
Business
Local, state and national business news from the Sun Journal.
HospitalityMaine CEO to leave trade group
Steve Hewins will step down as the organization’s leader at the end of the year.
Unemployment claims dip in Maine, but widespread layoffs continue
Seven months into the coronavirus pandemic, hundreds of Mainers are still filing new jobless claims each week.
U.S. jobless claims drop to 787,000
But the unemployment rate remains high at 7.9 percent.
Fuel oil prices flirt with 16-year low in Maine as the heating season approaches
The average, statewide cash price for heating oil earlier this week was $1.89 a gallon, down 31% from January.
Senate Democrats block slimmed-down relief bill as rancor intensifies
House Speaker Nancy Pelosi acknowledges that final passage might have to wait until after Nov. 3.
If Google’s a monopoly, who is harmed by its market power?
The company controls about 90 percent of global web searches and dominates search-based advertising.
Virus spikes have officials looking to shore up hospitals
Several states set records for the number of people hospitalized and leaders are scrambling to find extra beds and staff.
Judge slams DeVos for rejecting 94% of student loan relief claims
A federal judge threatens to suspend the agency from rejecting further requests, saying its approach ‘hangs borrowers out to dry.’
CMP parent Iberdrola pushes global growth with $4.3 billion U.S. deal
The purchase would be Iberdrola’s eighth acquisition since the start of the coronavirus pandemic.