Broadband expansion has gotten a major boost from the Biden administration, which has invested $65 billion to develop internet infrastructure in places that need it.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Appeals court allows EPA rule on coal-fired power plants to remain in place
Industry groups and some Republican-led states had asked the court to block the rule, arguing that it was unattainable and threatened the nation’s power grid.
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Posted inBusiness, Nation & World, Politics
Treasury warns that anti-‘woke’ banking laws like Florida’s are national security risk
Conservatives have sought to block environmental and socially conscious standards for investing, arguing that such initiatives can lead to unfair discrimination.
Posted inBusiness, Local & State, News
Worldwide software glitch snarls Maine banks, businesses
Flights at the Portland International Jetport were canceled or delayed, some Mainers were blocked from accessing bank accounts, and businesses of all kinds saw interruptions in operations after a CrowdStrike software glitch.
Posted inBusiness, Nation & World
A faulty software update causes havoc worldwide for airlines, hospitals and governments
Morning flights out of the Portland jetport were delayed or canceled as the issue affecting Microsoft 365 apps and services grounded United, American, Delta and Allegiant airlines in the U.S.
Posted inBusiness
U.S. agency says apps that let workers access paychecks before payday are providing loans
The Consumer Financial Protection Bureau says the apps are therefore subject to the Truth in Lending Act.
Posted inBusiness, Nation & World, News, Politics
Lou Dobbs, conservative pundit and Fox Business host, dies at 78
An early and vocal supporter of Donald Trump, he hosted ‘Lou Dobbs Tonight’ on Fox Business from 2011 to 2021, following 2 stints at CNN.
Posted inBusiness
Washout on Wall Street sends stocks tumbling
The Dow Jones Industrial Average tumbled 533 points, or 1.3%.
Posted inBusiness, Nation & World
Over 3 million steam cleaners are under recall because they can spew hot water and cause burns
Consumers have reported more than 150 injuries.
Posted inBusiness, Nation & World, Schools and Education
Biden administration cancels another $1.2 billion in student loans for public service workers
The loans are being canceled through changes to an existing forgiveness program.