More business headlines
Financial watchdog: Before hiking commercial taxes, Boston should look to cut spending
Research Bureau urges other approaches to balancing city's budget
Number of Americans applying for jobless claims remains historically low
Massachusetts reported 4,752 “advance” initial claims for unemployment insurance last week.
bold types
At The Engine Accelerator, Emily Knight helps bring world-changing ‘tough tech’ out of the lab
The president of the Kendall Square incubator supports breakthrough businesses working on world-changing ideas like commercial fusion and solutions to climate change.
Larry Edelman | Trendlines
Why are people leaving Massachusetts? Here’s where the state is falling short — and what the impact is.
A Boston University analysis tallies Massachusetts’ strengths and weaknesses compared with the 11 states where most Bay State exiles end up.
Tesla’s pullback in EV charging could slow state’s progress
Massachusetts may have fewer options for building EV charging stations after market leader Tesla pulled back this week.
Microsoft will invest $2.2 billion in cloud and AI services in Malaysia
It marks Microsoft's single largest investment in Malaysia, as the tech giant seeks to bolster support for AI development in the region and worldwide.
Boomerangs thrift stores to close in Jamaica Plain, South End, and Central Square
The main financial strain the company faced was the expense of the Dedham warehouse where it stored excess inventory, which cost $820,000 a year between rent, maintenance, staff salaries, and benefits.
TALKING POINTS
Healey signs law making cocktails-to-go permanent
Stories you may have missed from the world of business.
‘It’s absolute chaos’: Brigham nurses among Boston workers rallying for International Workers’ Day
Several workers groups rallied in Boston on Wednesday including hotel employees, teachers, and Uber and Lyft drivers.
House health care bill aims to contain costs, set rules to prevent another Steward crisis
Wide-ranging legislation would require licensed hospitals to own their real estate and increase financial reporting requirements.
Pot banking, stablecoin bills hit hurdles with House speaker
Prospects are dimming for fast-track congressional consideration of legislation to open banking services to marijuana businesses, regulate stablecoins, and promote more competition on credit-card swipe fees.
RI BUSINESS
CVS plummets as rising medical costs hit profit forecast
CVS Health reported first quarter revenue that missed expectations.
Police restricted reporter access during Columbia arrests, prompting criticism ahead of Pulitzer Prizes
Journalists, including some students, reported limited press access and police threatening them with arrest if they approached the scene.
Federal Reserve says interest rates will stay at two-decade high until inflation further cools
The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a two-decade high of 5.3 percent.
How to spot a deepfake: A little bit of critical thinking goes a long way
If the disembodied voice of your Uncle Bob wants you to wire him $10,000 right now, you shouldn’t need a degree in cyber security to smell a rat.
Grillo’s Pickles has unveiled new packaging to prevent spillage. It’s gone viral.
The Westwood-based pickle company recently unveiled new twist-top packaging, designed to sidestep the vinegary spillage common with its previous container.