Dozens of fishermen have left the industry after years of struggling to make a living.
economy
Posted inBusiness, Maine, News
Mainers join nationwide economic blackout in their own way
Some small businesses saw more cash purchases during the 24-hour grassroots action against the U.S. economic and political system.
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Posted inBusiness, News, Politics
Golden proposes universal 10% tariff, saying it will protect Maine workers
The Democrat says his proposal, first introduced in September, would make the U.S. more equal with trading partners that for years have protected their industries and workers.
Posted inBusiness, Lewiston-Auburn, Maine
Lewiston and Auburn post strong building permit numbers for 2024
2024 reports show more than $165 million in activity combined in the Twin Cities.
Posted inBusiness, Maine
After post-pandemic boom, Maine’s tourism industry seeks path back to growth
A 9% drop in visitors this summer isn’t cause for too much concern among industry leaders, who say after-effects of the pandemic and economic challenges this year make it difficult to discern a trend.
Posted inBusiness, Nation / World
Hiring slowed sharply in final month before election amid hurricanes, strikes
The a low unemployment rate suggests that the labor market is still fundamentally healthy, if not as robust as it was early this year.
Posted inBusiness, Nation / World, News
IMF declares global fight against high inflation is ‘almost won’
In its latest assessment of the global economy, the International Monetary Fund predicted that worldwide inflation will cool from 6.7% last year to 5.8% this year and to 4.3% in 2025.
Posted inBusiness, News
Wholesale inflation remained cool last month in latest sign that price pressures are slowing
It’s another sign that inflation is returning to something close to normal after years of pressuring America’s households in the wake of COVID-19.
Posted inBusiness, Nation / World, News
Fed chair says U.S. economy is in ‘solid shape,’ with gradual rate cuts coming
His comments disappointed the hopes of many investors that the Fed would implement another steep half-point reduction in its key rate before the end of the year.
Posted inBusiness, Nation / World
The price of gold keeps climbing to unprecedented heights. Here’s why
Interest in buying gold often comes at times of uncertainty – with potential concerns around inflation and the strength of the U.S. dollar, for example.