The Latest in Financial & Business News

Moderna employee David Rosado sterilized a work station inside the company's production plant in Norwood in June 2023.

Moderna’s COVID vaccine sales plunge, as analysts debate future of once-hot company

The decline in sales illustrates waning demand for protection from the virus that caused the pandemic.

TALKING POINTS
LastPass completes spinoff from GoTo
Stories you may have missed from the world of business.

Judge deciding Google’s fate described as smart, careful
Judge Amit P. Mehta’s ruling in the case is likely to set a precedent for a series of US antitrust cases that are already in the pipeline against companies including Amazon, Apple, and Meta.

Trump Media skeptics who get shares to short face uphill battle
Shares of Donald Trump’s media startup are one of the most expensive to bet against in the United States.

Boston robotaxi firm Motional gets $475 million boost from Hyundai
Autonomous driving startup Motional is getting a financial lifeline from its co-owner Hyundai Motor Group.

Financial watchdog: Before hiking commercial taxes, Boston should look to cut spending
Research Bureau urges other approaches to balancing city's budget

Trying to find a cheap lunch downtown? Good luck.

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

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?

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

Emily Knight, president of The Engine Accelerator, a “tough tech” incubator in Kendall Square.

Emily Knight talks 'tough tech'

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

A "help wanted" sign in Lansing, Mich. The Labor Department reported Thursday that unemployment claims for the week ending April 27 was 208,000, the same as the previous week.

Number of Americans applying for jobless claims remains historically low

Massachusetts reported 4,752 “advance” initial claims for unemployment insurance last week. 12:31 p.m.

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. 12:00 p.m.

Larry Edelman | Trendlines

Whether it's by plane, train, or automobile, people are leaving Massachusetts in record numbers.

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. 9:52 a.m.

Tesla laid off employees overseeing the expansion of its EV charger network, throwing into question how many more charging stations the company will build.

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. 8:06 a.m.

Malaysia's Prime Minister Anwar Ibrahim, right, shakes hands with Microsoft CEO Satya Nadella at the prime minister's office in Putrajaya, Malaysia, on May 2.

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. 3:13 a.m.

A young shopper read a book while her mother browsed at the Boomerangs thrift store in Cambridge in 2013.

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. 5:42 p.m.

TALKING POINTS

Cocktails-to-go being prepared at the Tasty restaurant on Court Street in Plymouth.

Healey signs law making cocktails-to-go permanent

Stories you may have missed from the world of business. 5:05 p.m.

Brigham and Women’s Hospital nurses picketed outside the medical center on Wednesday afternoon, as they fought for improved staffing and wage increases.

‘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. 5:01 p.m.

House Speaker Ron Mariano has already declared his support for the measure, and a version of it will likely reach the House floor for a vote in the coming months.

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. 4:27 p.m.

House Speaker Mike Johnson has reportedly told lawmakers he opposes efforts to attach unrelated measures to critical legislation to reauthorize the Federal Aviation Administration.

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. 4:20 p.m.

RI BUSINESS

CVS plummets as rising medical costs hit profit forecast

CVS Health reported first quarter revenue that missed expectations. 4:08 p.m.

New York police surrounded the Columbia University campus to clear the pro-Palestinian protest encampment and Hamilton Hall, where demonstrators barricaded themselves inside, on Tuesday.

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. 3:25 p.m.

“In recent months, inflation has shown a lack of further progress toward our 2 percent objective,” Federal Reserve Chair Jerome Powell said.

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. 2:12 p.m.

Deepfake videos can be dangerous, but there are ways of spotting them.

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. 1:28 p.m.

Opening Grillo's' old packaging put customers in quite the pickle. So they changed it.

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. 1:05 p.m.

Tajazziah Booth, the lead budtender at the AYR Cannabis Dispensary in Back Bay, worked on Feb. 14.

The federal government is poised to loosen restrictions on marijuana. Here’s how that could impact Massachusetts.

The move could mark the largest federal cannabis policy change in decades, removing the drug from being classified as “Schedule I,” to a lower-risk category called “Schedule III.” 1:04 p.m.