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Timber prices fall as US consumers swap DIY for going out

As US consumers venture out again, lumber prices are heading back to earth. Prices for the wood have pulled back sharply from astronomical heights in recent weeks as homeowners have redirected their spending from building decks and replacing flooring to going out to eat, drink and shop after Covid-19 rules were eased in the US. […]

Central Maine business briefs: Kennebec Savings Bank announces promotions

AUGUSTA – Kennebec Savings Bank President & CEO Andrew Silsby recently announced the promotion of three employees to the role of vice president. Jessica Norton Contributed photo Jessica Norton has been promoted to vice president and deposit operations officer. Hired in 2012, Norton directs the activities of the Operations Department to ensure exceptional, timely and […]

Why you should lock in home loan interest rates now

Uncertainty. It’s a word that continually crops up by those running our economy. Reserve Bank supremo Philip Lowe has been bandying it about for more than a year, and he’s still no clearer on where we are headed. Hardly reassuring, but it’s absolutely on the money. Depending on who you listen to, either we are on […]

Stocks week ahead: The US economy is never going back to ‘normal’

The Back-to-Normal Index created by CNN Business and Moody’s Analytics stands at 93% as of June 18, a new pandemic-era high.  The index is comprised of 37 national and seven state-level indicators that track metrics such as consumer credit, unemployment claims, job postings, domestic air travel and hotel occupancy. The latest reading shows that America is […]