The Latest in Financial & Business News

“Further trade restrictions on Chinese exports could also push up goods inflation,” Pierre-Olivier Gourinchas, chief economist of the International Monetary Fund, wrote in an essay.

IMF sees steady growth but warns of rising protectionism

The global economy is approaching a soft landing after several years of geopolitical and economic turmoil, the International Monetary Fund said Tuesday. But it warned that risks remain, including stubborn inflation, the threat of escalating global conflicts and rising protectionism.

Powell suggests interest rates could stay high for a longer period
The Federal Reserve is likely to wait longer than initially expected to cut interest rates given stubborn inflation readings in recent months, the central bank’s top two officials said Tuesday.

Warren, Markey call on Steward hospital landlords to cut or terminate lease payments
In a letter, the US senators from Massachusetts pressed for concessions on the hospitals' multimillion-dollar leases to “make it financially feasible for new operators” to run them.

innovation beat
DraftKings employees say rival tried to entice them with multimillion-dollar jobs
DraftKings’ escalating battle with billionaire Michael Rubin, who started a rival sports-betting effort last year, spilled into a public court hearing on Tuesday.

Greater Boston typical home price reaches $900,000, a new March record
It's an eye-popping number that does not bode well for housing affordability this year.

Andrea Campbell outlines state crackdown on AI
The attorney general’s office issued guidance on Tuesday aimed at developers, suppliers, and users of AI, to clarify their obligations under existing state laws.

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

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More business headlines

RI BUSINESS

A customer visits a CVS pharmacy store on Feb. 7, 2024.

2 CVS pharmacies in Rhode Island file to unionize

Pharmacy professionals at two CVS retail stores in Rhode Island have officially filed to unionize with The Pharmacy Guild, which is part of a national effort to organize the chain’s workforce. 12:48 p.m.

For an upcoming Globe series, we want to hear your advice for people setting up their grown-up lives in Boston.

Tell us: What advice would you give to somebody who is new to the Boston area?

For an upcoming Globe series, we want to hear insights from those who’ve been there, done that, to those just setting up their grown-up lives in the city. 11:15 a.m.

INFRASTRUCTURE

Rhode Island Department of Transportation workers replace a sign leading to the onramp to the Washington Bridge on March 8 in East Providence, R.I.

Thousands navigate more lane changes on the Washington Bridge

The first few days have underscored some of the traffic and safety issues that Rhode Island drivers will face in the next two years or more. 6:00 a.m.

New York-based Certares Management and California-based Belcourt Capital Partners teamed up to purchase the Hilton hotel in Boston's Back Bay neighborhood.

Back Bay Hilton hotel sells for $171 million

The new ownership is planning a $25-30 million renovation to the 40 Dalton St. property, namely to the guest rooms, the lobby, and other public areas. 5:51 a.m.

Misinformation threatens to erupt more than ever this cycle as the rise of generative artificial intelligence and the erosion of social media controls fuel campaigns’ distortions.

Misinformation roiled the 2016 and 2020 elections. Here’s what to expect as 2024 races heat up.

From deepfake robocalls to false claims from candidates, here's what you should be aware of as Nov. 5 draws closer. 12:01 a.m.

TALKING POINTS

A shopper looked at clothes at a Walmart store in Secaucus, N.J., in March.

Retail sales were up in March

Stories you may have missed from the world of business. 8:04 p.m.

A group of US regional banks, including Citizens Financial Group, is ratcheting up lending to oil, gas, and coal clients, grabbing market share as bigger European rivals back away.

US regional banks dramatically step up loans to oil and gas

The list of banks includes Citizens Financial Group Inc., BOK Financial Corp., and Truist Securities Inc., according to data compiled by Bloomberg. 5:02 p.m.

Larry Edelman | Trendlines

How do you solve a problem like Steward?

MGB isn’t a white knight. The state’s powers are limited. And the Steward hospital mess has no end in sight.

Mass General Brigham hasn’t tipped its hand, at least not publicly, and Governor Maura Healey hasn’t said much other than she wants Steward out of Massachusetts. 4:45 p.m.

An exam room is seen inside Planned Parenthood on March 10, 2023, in Fairview Heights, Ill.

New rules for Pregnant Workers Fairness Act include divisive accommodations for abortion

The language means that workers can ask for time off to obtain an abortion and recover from the procedure. 4:08 p.m.

Henry Gosebruch, president and chief executive of Neumora Therapeutics.

Neumora Therapeutics shares fall after rabbits dosed with schizophrenia drug have convulsions

Shares of Neumora Therapeutics fell more than 15 percent Monday morning after an announcement that a clinical trial was paused. 11:12 a.m.

Bold Types

Curry College president Jay Gonzalez offers job guarantee to grads

Bold Types is our weekly roundup of the movers and shakers on Boston's business scene. 11:11 a.m.

A Tesla store in Colma, Calif., on Dec. 13, 2023.

Tesla to cut over 10% of workforce in global retrenchment

The carmaker is struggling with slowing demand for electric vehicles. 10:18 a.m.

Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas

The funding announced Monday by the Commerce Department is part of a total investment in the cluster that, with private money, is expected to exceed $40 billion. 5:58 a.m.

Most economists say Trump’s tax cuts could not generate enough growth to pay down the national debt.

Tax Day reveals a major split in how President Biden and Donald Trump would govern

The presidential candidates have conflicting ideas about how much to reveal about their own finances and the best ways to boost the economy through tax policy. 12:13 a.m.

Workers injured on the job in construction and other high-risk industries are entitled to workers' compensation benefits, but some employers discourage them from applying.

Injured workers have little recourse against rogue employers. A new bill could change that.

Proposed legislation would allow the attorney general to enforce a law holding employers accountable for trying to deny workers' comp claims. 4:56 p.m.

CHESTO MEANS BUSINESS

An abandoned barracks at Vicksburg Square on the old Fort Devens campus could soon be converted to much-needed housing.

Building much-needed housing at the old Fort Devens seems simple. It isn’t.

An agreement between the three towns that the old Army base straddles is just the first step in efforts to lift a longstanding housing cap there. 4:09 p.m.