The Latest in Financial & Business News

Milton residents voted down a controversial plan that would open sections of the town to more housing development in February.

Marshfield rejects state zoning law aimed at boosting housing supply, joining Milton

Town Counsel Robert W. Galvin said voters were concerned over "the adverse impacts of having to add over 400 new multifamily units on top of all of its significant efforts to create new low and moderate-income housing."

From a bookstore to a gym: Life Time fitness club is latest ‘experiential retail’ to move into Prudential Center
A smaller, urban version of the popular fitness club will occupy the former Barnes and Noble space in the Pru late next year.

Starbucks takes on the federal labor agency before the US Supreme Court
If the court sides with Starbucks, it could make it tougher for the NLRB to step in when it alleges corporate interference in unionization efforts.

Rallies planned in Steward Hospital communities
Fearing hospital closures and service reductions, a coalition plans standouts over the next week at Steward Health Care hospitals in Massachusetts and is calling on elected officials to help secure new hospital owners.

Midwives want to be formally licensed in Mass. What does that mean?
Supporters say bills to license the birthing professionals would be transformative for the state reproductive health care workforce and maternal mortality outcomes.

HOUSING & HOMELESSNESS
To tackle Rhode Island’s rise in homelessness, Governor McKee proposes $16.6m for one-time fund
McKee also wants to create a permanent funding stream for homelessness efforts by extending the 5 percent hotel tax to the short-term rental of whole homes.

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

During a coastal flooding warning in January, cars traveled through flood waters along Atlantic Avenue.

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.

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

RI BUSINESS

Elected officials and developers gathered at a site in East Providence in 2022 to break ground on a concert venue in this area. Since then, little visible work has taken place, as seen in this photograph taken Monday.

Little progress but high hopes for major projects on East Providence waterfront

Almost two years after their ceremonial head start, there’s little visible sign of progress on projects including a marine terminal and a concert venue. 6:00 a.m.

Tiffani DeVincent-Clarke watched her two-year-old daughter, Priia, play. At the beginning of May, DeVincent-Clarke, who has bounced around multiple shelters, will move into a new two-bedroom apartment in Cambridge through a new Rapid Housing program.

Can private landlords help ease the shelter crisis in Mass.? A new program is trying to find out.

State vouchers aim to make it worthwhile for private landlords to take in people emerging from homelessness. 5:58 a.m.

Tesla and SpaceX CEO Elon Musk speaks at the SATELLITE Conference and Exhibition, March 9, 2020, in Washington.

Elon Musk accuses Australia of censorship after court bans violent video

Australian Prime Minister Anthony Albanese responded Tuesday by describing Musk as an “arrogant billionaire” who considered himself above the law and was out of touch with the public. 2:49 a.m.

Shoppers at a Kroger grocery store in Dallas, Texas.

Kroger, Albertsons — still hoping to merge — agree to sell more stores to satisfy regulators

The companies now plan to sell 579 Kroger and Albertsons stores in markets where they overlap to C&S Wholesale Grocers, a New Hampshire grocery supplier and operator, for $2.9 billion. 5:05 p.m.

TikTok owner ByteDance is under growing pressure for its links to China, data collection practices, and potentially harmful effects on children.

TikTok faces EU inquiry over ‘addictive’ features

The EU investigation adds to TikTok’s regulatory challenges as the US Senate prepares to vote on a bill that would order the app’s owner, Chinese internet company ByteDance, to sell TikTok or be banned. 4:51 p.m.

BUSINESS

McKee proposes $1.3m for businesses hurt by Washington Bridge closure

The money would be split between East Providence, which would get $600,000; Providence, which would get $400,000; and the rest of the state, which would get $300,000. 4:32 p.m.

TALKING POINTS

An Express retail clothing store in West Des Moines, Iowa.

Express files for bankruptcy

Stories you may have missed from the world of business. 4:20 p.m.

HIGHER EDUCATION

A passerby walked past Davis Hall on the campus of Providence College, in Providence, R.I.

Former DEI director at Providence College files discrimination charge

E. Corry Kole, who is nonbinary, resigned in March after “direct, repeated, patterned and systemic discrimination,” their lawyer said. The Catholic college called the claim “unsubstantiated.” 4:08 p.m.

Oakley Weed, 8, from Franconia, N.H., told his dad last week the only thing he wanted in the Boston Bruins ProShop were two Bruins bear claws.

‘We’re slammed’: Bruins, Celtics playoff games mean big business for TD Garden retailers

TD Garden is preparing for legions of fans to spend big on souvenirs, from special Celtics playoff shirts to hockey sticks and game pucks once used by Bruins players. 3:03 p.m.

Tech Lab

An Iranian missile launched on April 13 on display during an Israeli military media tour in Kiryat Malachi on April 16.

Israel-Iran conflict raises questions about how well missile defense systems work

Defense analysts warn that missile defense technology is still far from foolproof, and that in a war between major powers — the US versus China, for instance — such systems wouldn’t perform nearly as well. 12:26 p.m.

bold types

Gustavo Quiroga, executive director of LISC Massachusetts.

Quiroga sets broader mission for Boston-based housing nonprofit

Bold Types is our weekly roundup of movers and shakers on Boston's business scene. 10:36 a.m.

Mortgage rates are high but home loan applications are also on the rise.

With mortgage rates above 7 percent, here’s what home buyers should know

Despite sky-high mortgage rates, demand for home loans may be increasing in Greater Boston. 10:21 a.m.

chesto means business

Julian Herrera took a sandwich order behind the counter at Milk Street Cafe on Friday.

Trying to find a cheap lunch downtown? Good luck.

It wasn't that long ago that you could get a salad or sandwich for under $10 downtown. But, thanks to various COVID-induced factors, those days are long gone. 10:20 a.m.

RHODE MAP

U.S. Commerce Secretary Gina Raimondo gestures during talks to American Chamber Commerce of Thailand in Bangkok, Thailand, Wednesday, March 13, 2024. Raimondo was in Thailand to promote US-Thai trade and investment relations, saying Thailand could benefit from efforts to diversify global supply chains, especially for semiconductors, and that Thailand's plans to emphasize a digital economy will benefit both nations.

Key takeaways from Commerce Secretary Gina Raimondo on ‘60 Minutes’

Gina from Smithfield sounded a lot like Gina for America on “60 Minutes” last night. 9:24 a.m.

Larry Edelman | Trendlines

At the Fed, fixing the broken housing market takes a back seat to fighting inflation.

The Fed’s hard line on inflation is hard luck for the housing market

Cutting interest rates, which would make mortgages cheaper and spur construction, is off the table for now. 9:09 a.m.

THE FINE PRINT

In 2017, the City of Greenfield targeted Stephen Woodbridge’s property for unpaid taxes of a little less than $6,000. Four years later, the city succeeded in gaining legal ownership of a property that had been in the Woodbridge family for 70 years.

Mass. judge rules that state’s method of taking property for unpaid taxes is unconstitutional

A ruling by a superior court judge is one more blow to a century-old practice in Massachusetts of municipalities taking the total value of a property even when only a small fraction of that amount is owed in taxes. 4:05 p.m.