By Maya Shavit After both of her parents were laid off from work, Natalia Frois saw how immigrants face challenges head on with an entrepreneurial spirit. Now, the Brazilian immigrant and CEO of International Business Relations harnesses her parents’ drive into her own business consultant firm for small businesses and a Latino business network. “What I […]
By Mary C. Serreze A California-based defense contractor with operations in Quincy plans to make autonomous underwater vehicles (AUVs) at a new, custom-built facility at Quonset Business Park in North Kingstown, Rhode Island. Anduril Industries Inc. said Tuesday it had chosen Rhode Island due to support from state officials, a skilled workforce, logistical help from leaders […]
By Grant Welker The Street shopping center in Chestnut Hill will open a 90,000 square-foot addition on Thursday with what’ll eventually be more than 25 retailers. Among the brands are the newly announced jewelry store Mejuri and the clothing retailer Todd Snyder. They’ll join previously named tenants opening Thursday that includes the activewear companies Alo Yoga […]
by Justice Malala In 1994 south Africa provided some of the most joyous scenes of the late 20th century, when it elected Nelson Mandela as its first black president. The more or less peaceful transition from apartheid to multiracial democracy demonstrated what can happen when political enemies show courage and imagination. Yet as our Briefing this […]
BY CHRISTOPHER RUGABER WASHINGTON (AP) — After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high. Minutes of the May 1 meeting, released Wednesday, showed that […]
By Diti Kohli This is the second in a series of stories about the consequences of Boston’s broken liquor license system. Chompon Boonnak is the kind of restaurateur Boston needs: smart and eager, with a knack for crafting inventive food and a convivial dining room. The menu at his 30-seat Thai restaurant, Mahaniyom, is mouth-watering. […]
By Hannah Green After a trial of Lyra Therapeutics Inc.’s drug to treat sinus inflammation failed to meet the goals of a late-stage trial earlier this month, the company is cutting its workforce and looking to sublease its facilities as it hunts for “strategic options.” Lyra (Nasdaq: LYRA) shared in a Tuesday securities filing that it’s laying off 75% of […]
By Augusta Saraiva US employers scaled back hiring in April and the unemployment rate unexpectedly rose, suggesting some cooling is underway in the labor market after a strong start to the year. Nonfarm payrolls advanced 175,000 last month, the smallest gain in six months, a Bureau of Labor Statistics report showed Friday. A later release showed that business activity […]
By Grant Welker It’s not just inflation, and it’s not just a matter of perception: the cost of buying a home in Boston has far surpassed the increase in wages in the past 50 years, according to a new analysis. In Boston, a typical wage in 1970 was $9,133, according to a report this spring by […]
By Erik Sherman According to Newmark, there is now a $2 trillion maturity wall of CRE loans facing banks over the next three years. A dizzying sum. “Banks will be under pressure,” CEO Barry Gosin told the Financial Times. As the FT noted, the brokerage handled $50 billion of loan sales for the Federal Deposit Insurance Corporation after […]
