The S&P 500 jumped 2.3% and shaved off all but 0.5% of its loss from what was a brutal start to the week.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Startups race to make water out of thin air
Materials that are bigger on the inside than the outside provide a futuristic solution to supply water to an increasingly arid planet.
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Posted inBusiness, Nation & World
After baby’s death, Kentucky parents sue infant formula maker at center of 2022 crisis
The parents of Kentucky baby who died last fall after drinking bacteria-tainted infant formula are the latest to sue manufacturer Abbott Nutrition.
Posted inBusiness, Nation & World
Fewer Americans filed for jobless benefits last week
But applications remain at slightly elevated though not troubling levels.
Posted inBusiness, Nation & World
France warns of nuclear cuts as European heat intensifies
The French utility uses water to cool its reactors before releasing it into the rivers, and overheating the waterway can threaten fish and other wildlife.
Posted inBusiness
Homeowners race to refinance as mortgage rates retreat from 23-year highs
Home loan applications rose overall last week to their highest level since January, though much of that was due to the surge in refinance applications.
Posted inBusiness, Nation & World, News
Nvidia has lost $900 billion even as AI spending plans ramp up
At the same time, Big Tech companies largely failed to convince investors during the earnings season that their spending on AI is translating to more sales and bigger profits.
Posted inBusiness, News
State awards $5.8 million to more than 100 Maine businesses for storm damage repairs
Gov. Janet Mills announced that the grants, which go up to $100,000, will support small businesses across industries and all 16 counties.
Posted inBusiness, Local & State
Breeze Airways to add another route between Portland and Florida
Starting Nov. 20, the airline will offer flights twice a week from Portland to Sarasota.
Posted inBusiness, Nation & World
California solar company’s demise underscores industry primed for casualties
SunPower’s stumbles happened against the background of high interest rates, which make panels less affordable for homeowners, and a major subsidy cut in its home state – the country’s biggest solar market.