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 […]
Silklab is developing underwater adhesives for shark tagging and small drones for identifying Covid-19 in the environment Eli Chavez A lab in the Department of Biomedical Engineering at Tufts University is innovating with the help of one of the oldest and most domesticated animals on the planet: silkworms. The Silklab at Tufts sounds more straightforward than it […]
Planned Development Area (PDA) Master Plan Sarah Peck The filing kicks off the public review process for the proposed plan. Notice of upcoming public meetings will be posted on the plan website and sent out as soon as possible. The following description has been provided by the development team: Gillette, a wholly-owned subsidiary of The Procter & […]
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 Eli Chavez Anthropic AI, the company behind the large-language model known as Claude, is partnering with Northeastern University, Champlain University and the London School of Economics to unveil its new offering: Claude for Education. The partnership will provide students, faculty and staff at partnering institutions with full subscriptions to Claude. Anthropic said the new education-forward model […]
Innovation center will be first U.S.-based R&D site for MitsubishiBy Eli Chavez One month after Nvidia announced plans to launch a new research center in Boston, an international electronics company has announced it will be bringing its resources to Boston with an innovation center in Cambridge. The Mitsubishi Electric U.S., an affiliate of Mitsubishi Electric Corp., announced that it […]
By William Hall Another merger of Bay State financial institutions is in the works — and for the leaders of Eastern Bank and HarborOne Bank, this one is personal. Under a pending agreement, Boston-based Eastern Bankshares Inc. (Nasdaq: EBC) would acquire Brockton-based HarborOne Bancorp Inc. (Nasdaq: HONE) for roughly $490 million. Eastern plans to pay HarborOne […]
