By Maria Eloisa Capurro and Amara Omeokwe Federal Reserve Governor Lisa Cook called the July jobs report “concerning,” and said it could signal an inflection point for the US economy. “These revisions are somewhat typical of turning points,” Cook said Wednesday during a moderated discussion organized by the Boston Fed. Data published last week pointed to a sharp […]
By Ben Casselman Economic growth softened in the first half of the year, as tariffs and uncertainty upended business plans and scrambled consumers’ spending decisions. Gross domestic product, adjusted for inflation, increased at a 3 percent annual rate in the second quarter, the Commerce Department said on Wednesday. That topped forecasters’ expectations and appeared to […]
By Lucia Maffei Google and Massachusetts-Based CFS Advance Commercial Fusion Energy The promise of fusion energy—clean, limitless power—is gaining urgency as AI technologies demand massive computational energy. Commonwealth Fusion Systems (CFS), based in Devens, Massachusetts, announced Monday a deepened partnership with Google, which plans to purchase 200 megawatts of fusion power from the MIT spinoff. Google […]
By Eli Chavez PayByCar Lets Drivers Pay for Gas Using E-ZPass Sometimes being stuck in traffic sparks innovation. For Kevin Condon, founder and CEO of PayByCar, a traffic jam on the Northeast Expressway inspired a service that allows drivers to pay for gas using their E-ZPass. The system works two ways: a device installed on gas […]
Hannah Green Foghorn Therapeutics Moves Headquarters from Kendall Square to Watertown Biotech company Foghorn Therapeutics Inc. is relocating its headquarters from Cambridge to Watertown. In a recent securities filing, the company announced it will terminate its lease in Kendall Square early and lease 72,850 square feet at 99 Coolidge Avenue in Watertown for executive offices, […]
Eli Chavez A startup co-founded by a Harvard dropout and his childhood friend is bringing personal AI agents to life science workers. LogicFlo, based in Boston and New York, was founded by Arun Ramakrishnan, who previously led deep-learning projects at Intuitive Surgical, and Udith Vaidyanathan, who left Harvard Business School to pursue the venture full-time. […]
Gary Higgins Massachusetts’ tech sector shed more than 8,200 jobs last year, marking the second-worst decline nationwide, according to CompTIA’s State of the Tech Workforce 2025 report released Tuesday. The state’s tech workforce shrank 2.6%, falling from 319,416 jobs in 2023 to 311,165 in 2024. Only California reported a greater loss, with more than 51,000 […]
Gary Higgins In its fifth annual Massachusetts Talent and Competitiveness Survey 2025, McKinsey & Co., working with the Massachusetts Business Roundtable, identified three main obstacles to doing business in the Commonwealth: high costs of doing business, high living expenses, and aging infrastructure. Business leaders met Thursday to review the survey results and discuss strategies for […]
Gary Higgins A stretch of Dudley Street in Dorchester’s Uphams Corner is among the areas that will see new opportunities for restaurants to serve alcohol. Dorchester is set to receive seven of the 21 new liquor licenses recently approved by the Boston Licensing Board as part of the city’s effort to expand alcohol service in […]
By Victor Rodriguez Manhattan Office Market Surges Beyond Pre-Pandemic Levels In a first, new leases for initial six months of 2025 surpass some years leading up to pandemic The Manhattan office market is showing remarkable strength, with new leasing in the first half of 2025 surpassing levels seen in many years before the pandemic. CoStar reports […]
