Tim Walz is worth about $1 million – less than about 6 out of 10 adults in his demographic. JD Vance, who grew up in poverty, is now a multimillionaire.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine
Maine employers face heftier fines for labor law violations
The state Department of Labor hopes a new rule that went into effect Thursday will end a pattern of small fines and few collections of penalties.
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Posted inBusiness, Nation / World, News
Instagram makes teen accounts private as pressure mounts on the app to protect children
Separate teen accounts for those under 18 are part of an effort to make the platform safer for children amid growing backlash against how social media affects young people’s lives.
Posted inBusiness, Nation / World, News
U.S. home sales fell in August despite easing mortgage rates, more homes on the market
The national median sales price rose 3.1% from a year earlier to $416,700. That’s the highest median price for August on records going back to 1999.
Posted inBusiness, Maine, News
Madawaska paper mill to receive nearly $10 million Maine tax credit
Twin Rivers Paper Co. Inc. was the only mill eligible for the tax credit meant to help modernize equipment and save jobs. A state report recommends more transparency about business incentives.
Posted inAdvertiser Democrat, Business, Oxford Hills
Oxford Hills Mercantile boosts local producers with The Artisan’s Marketplace
The Artisan’s Marketplace will be between 9 a.m. and 2 p.m. Saturday at 9 Market Square
Posted inBusiness, Election 2024, Nation / World, News, Politics
Teamsters will not endorse for president, in blow to Democrats
The nonendorsement comes 2 days after union leaders and members met privately with Vice President Kamala Harris so she could lay out her case for an endorsement.
Posted inArts & Entertainment, Business, Nation / World, News
MrBeast, Amazon sued by competitors from reality show over alleged ‘unsafe’ conditions
The filing alleges that the multimillion-dollar company behind YouTube’s most popular channel failed to provide minimum wages, overtime pay, uninterrupted meal breaks and rest time for competitors.
Posted inBusiness, Nation / World, News
How Boar’s Head plant closure could wreck this tiny Virginia town
The effects could ripple out well beyond those who lost jobs at the sprawling plant in Jarratt, a once-bustling railroad town about 60 miles south of Richmond.
Posted inBusiness, Nation / World, News
The Fed is finally lowering interest rates. Here’s what you should know.
The central bank is acting because, after 11 rate hikes since March 2022, it feels confident that inflation is finally mild enough that it can begin to ease the cost of borrowing.