Rooting for Trump to fail has made his stock shorters millions
Press Herald » Business
by BERNARD CONDON - Associated Press
2h ago
A hardy band of mostly amateur Wall Street investors have collectively made millions of dollars over the past month by betting that the stock price of Donald Trump's Truth Social will keep dropping despite massive buying by his loyalists ..read more
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Mills vetoes bill requiring developers of clean energy projects to work with unions
Press Herald » Business
by Grace Benninghoff
3h ago
The bill would have required companies leasing state land for clean energy projects to enter into contract with labor unions ..read more
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Biden officials indefinitely postpone ban on menthol cigarettes amid election-year pushback
Press Herald » Business
by MATTHEW PERRONE and ZEKE MILLER - Associated Press
5h ago
The decision infuriated anti-smoking advocates but could help the president avoid a political backlash from Black voters in November ..read more
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Mills hopes money for Maine ‘co-working’ businesses will help bring, keep remote workers
Press Herald » Business
by Hannah LaClaire
7h ago
Eleven communal office companies – including six in southern Maine – were awarded a total of $500,000 as part of the Maine Jobs and Recovery Plan ..read more
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Portland restaurant Esaan closing permanently
Press Herald » Business
by Tim Cebula
8h ago
The restaurant, displaced by a fire in 2021, had faced operational difficulties this winter because of the chef's ongoing medical crisis ..read more
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Portland coffee shop and roastery becomes first in Maine to ratify contract with labor union
Press Herald » Business
by Staff Report
8h ago
Coffee By Design and Local 327 of the Laborers' International Union of North America have reached an agreement that boosts wages and sets a framework for improved relations between workers and managers ..read more
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Norfolk Southern CEO isn’t ruthless enough for investors after toxic train crash
Press Herald » Business
by Brooke Sutherland and Kiel Porter - Bloomberg
8h ago
Ancora Holdings Group is pushing for a new CEO at Norfolk Southern – but not because it wants the railroad to spend more on safety initiatives ..read more
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Big Tech keeps spending billions on AI. There’s no end in sight.
Press Herald » Business
by Gerrit De Vynck and Naomi Nix - The Washington Post
8h ago
Much of the money is going to new data centers, which are predicted to place huge demands on an already-strained U.S. power grid ..read more
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Maine made progress in wages and productivity, but still faces shrinking labor force
Press Herald » Business
by Stephen Singer
12h ago
A declining labor force in Maine was highlighted by state officials who say progress has been made but the state has fallen short of 'where we need to be ..read more
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Amtrak planners identify 3 possible sites for new train station in Portland
Press Herald » Business
by Stephen Singer
1d ago
Moving the station from its current location at Thompson's Point would reduce travel time and improve efficiency of Downeaster service between Boston and Brunswick ..read more
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