The Latest in Financial & Business News

A webpage showing a Department of Unemployment Assistance webinar in March 2020.

Ron Iacobucci has a good idea for helping jobless workers. The state doesn’t seem to care.

MassHire career centers would be good sites for the Department of Unemployment Assistance to provide much-needed in-person customer service.

The number of Americans applying for jobless benefits holds steady as labor market remains strong
Massachusetts reported 4,484 “advance” initial claims for unemployment insurance last week.

Want to live in the Back Bay, the heart of America’s most expensive ZIP code? Here’s what it will cost you.
In December, the median home price was approximately $2,663 per square foot, according to data from Realtor.com that was reported by The Wall Street Journal earlier this year.

FOOD & DINING in RI
‘No one should be able to trademark something so ingrained in a culture’: R.I. chefs on the Momofuku chili crunch controversy
Celebrity chef David Chang has apologized for sending cease-and-desist letters to small companies and restaurants that sell chili crunch. But the damage to his brand may have already been done.

RHODE MAP
People are wondering: Will Gina Raimondo make a run for the White House?
The former R.I. governor spoke at the Semafor World Economy Summit in Washington, D.C., where hosts highlighted her work as Secretary of Commerce.

European Union official urges G7 to step up air defense for Ukraine and expand Iran sanctions
The European Union’s top diplomat is urging the Group of Seven to take quick and concrete steps to provide more air defense systems to Ukraine.

Boston’s defenses against rising seas lean on private development. What happens when the money dries up?

Trump Media, owner of Truth Social, is a textbook meme stock.

Psst. Investing in Trump’s Truth Social is a no-brainer.

Protestors gathered outside Quincy City Hall during a vigil to show their opposition to the closing of Quincy Medical Center on Dec. 15, 2014.

On Steward’s path to financial ruin, a series of missed opportunities

Gen Z in Boston

In Chapter One of BoZton, we’ll touch on the burdens of soaring rent, the scramble to find an apartment, and the elusive dream of homeownership as it pertains to young people of the city.

BoZton, a video series for The Hub's Gen Zers

In Chapter One, we break down the burdens of housing for the city's Gen Z population.

Watch the trailer Can young people make it in Boston?

tech power players 50

Tech Power Players 50 list of 2023

Our second annual ranking spotlights leaders keeping New England’s technology scene vibrant in a challenging climate.

See who ranked No. 1Explore the full project

BOLD TYPES

Jarred Johnson, head of TransitMatters, believes in a ‘data-driven but people-centered’ approach to fixing the MBTA.

Jarred Johnson talks transit advocacy

Globe reporter Janelle Nanos sits down with leaders in the city’s business community to talk career paths, accomplishments, and visions for Boston’s future.

Explore the full series

ON THE STREET

A heart sculpture on display near Framingham's downtown, with "welcome" written in a variety of languages.

Framingham is once again reinventing itself

The On the Street series looks at the past, present, and future of neighborhoods in Greater Boston.

Framingham’s public schools offer a pipeline for inclusionExplore the full series

Listen to Globe Opinion's new podcast, ‘Say More with Shirley Leung’

Congress Street in Boston's Financial District on July 29, 2020.

Sign up for Trendlines, the business newsletter from Larry Edelman

FROM OUR PARTNERS

product by Studio/B. What is this?This content was produced by Boston Globe Media's Studio/B in collaboration with the advertiser. The news and editorial departments of the Boston Globe had no role in its production or display.

product by BG BRANDLAB. What is this?This content was produced by Boston Globe Media's Studio/B in collaboration with the advertiser. The news and editorial departments of the Boston Globe had no role in its production or display.

More business headlines

Nereida Badillo peered out of her front door on the morning of the high school graduation of her son Jacoby. It took Badillo years to be able to own a home, attending classes for first-time home buyers to qualify for financial assistance, improving her credit score, and saving her stimulus checks. The stability that had eluded her family for decades felt within reach with the purchase of her home but the only neighborhood she could afford was in a tough part of town.

In Holyoke, a home of her own: One woman’s struggle to build a life in the state’s poorest place

Like others in this city’s large Puerto Rican community, Nereida Badillo longed for a more stable life. But history is difficult to overcome. 5:53 a.m.

Rush hour traffic leaving Boston on Interstate 93 South on Aug 11, 2021.

People are leaving Massachusetts in droves. Who are they?

For a state with a rapidly aging population and a relatively low birth rate, the loss of working-age adults spells trouble. 5:49 a.m.

A person works on a laptop on June 19, 2017, in North Andover, Mass.

One Tech Tip: What to do if your personal info has been exposed in a data breach

Data breaches are becoming an almost regular occurrence. 12:13 a.m.

TALKING POINTS

Boston-based State Street has been discussing terms of a possible purchase of Societe Generale Securities Services, known as SGSS, people with knowledge of the matter said.

State Street may acquire custody business

Stories you may have missed from the world of business. 7:31 p.m.

Tapestry, parent company of luxury handbag and accessories retailer Coach, wants to buy Capri Holdings, the owner of fashion brands including Michael Kors, Versace, and Jimmy Choo.

FTC is said to consider blocking major fashion merger

The deal is intended to bring together labels such as Tapestry’s Coach and Kate Spade with Capri’s Versace and Michael Kors. 5:39 p.m.

Five years ago, a Tesla shareholder lawsuit alleged that the pay package should be voided because it was dictated by CEO Elon Musk and was the product of sham negotiations with directors who were not independent of him.

Tesla wants shareholders to reinstate $56 billion Musk pay package tossed by a Delaware judge

In a filing with federal regulators early Wednesday, the company said it would ask shareholders to vote on both issues during its annual meeting on June 13. 5:04 p.m.

President Biden greeted attendees after speaking at an event at the United Steelworkers Headquarters in Pittsburgh on Wednesday.

Biden vows to block US Steel acquisition by a Japanese company and promises tariffs on Chinese steel

Biden said during a visit to the headquarters of the United Steelworkers union that US Steel “has been an iconic American company for more than a century, and it should remain totally American.” 4:54 p.m.

An artist's rendering of the expansion of Massachusetts General Hospital along Cambridge Street.

State panel approves request to add nearly 100 new beds at Massachusetts General Hospital

State regulators on Wednesday approved a request from Massachusetts General Hospital to add nearly 100 new beds to its massive downtown construction project. 3:04 p.m.

Sage Therapeutics CEO Barry Greene said "these results do not necessarily predict results" with the drug in other conditions.

Sage Therapeutics stock plunges 20 percent after Parkinson’s drug fails study

It was the latest setback for the Cambridge biotech, which in August announced it would lay off 40 percent of its workforce. 2:36 p.m.

From Left, Boeing Quality Engineer Sam Salehpour; Ed Pierson, Executive Director of The Foundation for Aviation Safety and a Former Boeing Engineer; Joe Jacobsen, Aerospace Engineer and Technical Advisor to the Foundation for Aviation Safety and a former FAA Engineer; and Shawn Pruchnicki, Ph.D, Professional Practice Assistant Professor for Integrated Systems Engineering at The Ohio State University are sworn in before they testify on April 17.

Boeing put under Senate scrutiny during back-to-back hearings on aircraft maker’s safety culture

In a report issued in February, an expert panel said that despite improvements made after crashes of two Boeing Max jets killed 346 people, Boeing’s approach to safety remains flawed and employees who raise concerns could be subject to pressure and retaliation. 2:13 p.m.

Alaska Airlines flights temporarily halted across US

US aviation authorities grounded Alaska Airlines flights nationwide after a request by the company, an unusual disruption for a carrier that earlier this year suffered a mid-flight safety problem with a Boeing Co. plane. 12:17 p.m.

THE FINE PRINT

Joe D’Avena got an apology and an extra $200 after a years-long pursuit to redeem his gift card to the now-closed Flutie’s Sport Pub in the Plainridge Park Casino in Plainville.

A years-long quest to get a $50 gift card redeemed has a happy ending

Joe D’Avena got an apology and an extra $200 after a pursuit to redeem his gift card to the now-closed Flutie’s Sport Pub in Plainville’s Plainridge Park Casino. 10:43 a.m.

RHODE MAP

A big honor for Jeffrey Dana, Providence’s top lawyer

The Providence City Solicitor will soon become president of the International Municipal Lawyers Association, the leading nonprofit professional organization for local government attorneys. 9:51 a.m.

Jeff Skoll arrived at the Los Angeles premiere of "An Inconvenient Sequel: Truth to Power" at the Arclight Hollywood, July 25, 2017, in Los Angeles. Participant, the activist film and television studio that has financed Oscar winners like “Spotlight” and socially conscious documentaries like “Food, Inc,” and “Waiting For Superman” is closing its doors after 20 years.

Participant, studio behind ‘Spotlight,’ ‘An Inconvenient Truth,’ shutters after 20 years

Since billionaire Jeff Skoll founded the company, Participant has released 135 films, 50 of which were documentaries and many of which were tied to awareness-raising impact campaigns. 9:44 a.m.

Boston Dynamics in Waltham introduced an electric-powered version of its Atlas robot that will be offered for sale to the manufacturing industry for working in factories.

Atlas, Boston Dynamics’ dancing robot, will finally be for sale

The Waltham company said its new robot is electric powered and able to lift heavy items, twist its body, and eventually work in factories. 9:15 a.m.

In an effort to boost flagging savings rates, several New England states are setting up free retirement plans for employers who would not otherwise provide them.

Retirement savings in the US are dismally low. These New England states are trying to give them a boost.

Smaller companies often do not offer retirement plans such as a 401(k). Now, several New England states are setting up free retirement plans for employers who would not otherwise provide them. 7:25 a.m.