The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, Morning Sentinel
Waterville council rejects renewing marijuana retail license. Business owner says they didn’t ‘break any laws or ordinances’.
The City Council heard from one woman who said the noise from Bobby Buds on College Avenue is so loud her ears throb when she is in her nearby apartment.
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Posted inBusiness, Local & State, News
Maine investigating moldy cannabis that led to state’s first recall
Cannabis Cured, the cultivator and retailer that sold the contaminated products, maintains that its samples passed an initial round of state-mandated testing.
Posted inBusiness, Community, Community News, News
Appeal seeks to revoke license of Poppy’s Redemption Center in Jay
Poppy’s Redemption Center is under threat of closing just two months after opening at 246 Main St., according to a post on its Facebook page Sept. 11.
Posted inBusiness, Local & State, News
Regulators allow $2.5 billion corporate takeover of CMP to proceed without review
The PUC agrees to waive state review of the deal in which Spanish energy giant Iberdrola will acquire the remaining shares in Central Maine Power’s parent company, Avangrid.
Posted inBusiness, Nation & World, News
U.S. retail sales ticked up last month in sign of ongoing consumer resilience
The Federal Reserve could provide an additional boost to consumers and the economy by lowering borrowing costs.
Posted inBusiness, Nation & World, News
Major companies abandon LGBTQ+ rights report card after facing anti-diversity backlash
Businesses like Ford, Harley-Davidson and Lowe’s are ending their participation in the Corporate Equality Index amid pressure from conservative activists.
Posted inBusiness, Kennebec Journal, Local & State, News
Route 201 reconstruction in Hallowell will address storm drainage, state says
Starting in 2026, the Maine DOT will repave and reconstruct U.S. Route 201 through Hallowell, excluding a portion of downtown where work has already been completed.
Posted inBusiness, Nation & World
Instagram makes teen accounts private as pressure mounts on app to protect children
‘Sensitive’ content will be limited, a ‘sleep mode’ will turn off notifications overnight, and teens will receive notifications after 60 minutes of using the app.
Posted inBusiness, Local & State, News
Department of Interior announces 1st wind energy lease auction for Gulf of Maine
Officials said that the 8 areas could produce as much as 13 gigawatts of clean wind energy – enough to power 4.5 million homes.