Gary Higgins / Boston Business Journal Marc Cadieux, president of Silicon Valley Bank’s commercial banking, acknowledges that the recent surge in AI funding and sky-high valuations might be creating a speculative bubble. While AI has been evolving for years, the rise of technologies like OpenAI’s ChatGPT has sparked massive investor enthusiasm and capital inflows, fueling […]
Proposal boosts standard deduction, increases maximum child tax credit By Richard Rubin Republicans have released the first public draft of their new tax bill, aiming to extend and expand parts of Trump’s 2017 tax cuts starting in 2025. Key provisions include: These changes are expected to reduce federal revenue by $4.9 trillion over 10 years. Though […]
By Eli Chavez – Inno Reporter, Boston Business Journal The Healey-Driscoll administration announced key steps to grow Massachusetts’ AI sector, including appointing Sabrina Mansur as the first director of the Massachusetts AI Hub, launching a $31 million investment in high-performance computing through a new AI infrastructure (AICR) in partnership with MGHPCC, and planning a startup incubator with […]
By MARTHA BELLISLE Washington state has enacted new rent stabilization laws, becoming one of the first states to set firm limits on rent increases to protect tenants. Signed by Gov. Bob Ferguson, House Bill 1217 caps rent hikes at 7% plus inflation or 10% (whichever is lower) and includes single-family homes and manufactured housing, the latter […]
By Nick Timiraos The Federal Reserve kept interest rates steady this week, citing uncertainty around the economic impact of recently announced tariff hikes. Fed Chair Jerome Powell warned that sustained tariffs could lead to higher inflation, slower growth, and increased unemployment — a tough mix for policymakers. The Fed is choosing a cautious “wait and see” […]
By Isabel Hart – Reporter, Boston Business Journal Bertucci’s, a once-popular casual dining chain known for its brick oven pizza and signature bread rolls, is testing a new fast-casual concept called Bertucci’s Pronto in Downtown Boston. After filing for bankruptcy twice—in 2018 and 2022—the brand is pivoting under the direction of owner Robert Earl (Earl Enterprises) to […]
by Kim O’Brien While we are still firmly in the most prolific apartment building cycle in U.S. history, supply volumes have finally peaked. The first time apartment supply volumes hit a historic peak was back in 2nd quarter 2023, when quarterly completions surpassed 100,000 units for the first time since RealPage Market Analytics began monitoring the market […]
The S&P 500 rose 9.5 percent after President Trump announced he would pause his “reciprocal” tariffs for 90 days, but economists warned that American importers were not out of danger. Ana Swanson Here’s the latest. Stocks soared on Wednesday after President Trump abruptly announced he would back down on his “reciprocal” tariffs for 90 days, […]
By Hannah Green Two Massachusetts researchers are among the recipients of an award known as the “Oscars of Science” for their contributions to the life sciences. David Liu and Alberto Ascherio were recognized on Saturday with the Breakthrough Prize in Life Sciences. Ascherio is a professor of epidemiology and nutrition at the Harvard T. H. Chan School of […]
The theater has been vacant on Church Street since 2012. The Cambridge City Council wants to question the owner about its reopening. By Molly Farrar Harvard Square is marred by at least a dozen of vacant storefronts, including, notably, the nearly century-old Harvard Square Theatre on Church Street. It’s been closed since 2012, and, after a failed […]
