By Eli Chavez – Inno Reporter, Boston Business Journal Gov. Maura Healey announced the launch of a new $400 million initiative to grow the research and innovation economy in Massachusetts and create thousands of new jobs as federal research funding is being cut under President Donald Trump. In support of the initiative, Healey is also […]
By Don Seiffert – Managing Editor, Boston Business Journal Keurig Dr Pepper, a coffee and beverage giant based in Burlington, says it will pay $18 billion in cash to acquire JDE Peet’s, the parent company of Peet’s Coffee and several others brands of coffee and tea. KDP (Nasdaq: KDP), the company formed in 2018 from […]
By Greg Ryan – Senior Reporter, Boston Business Journal For decades, scientists have chased the limitless zero-carbon energy promised by fusion. Now, Devens-based Commonwealth Fusion Systems plans to build the world’s first grid-scale commercial fusion power plant in Virginia. The announcement on Tuesday marks a milestone not just for the MIT spinoff, but the global […]
By Lucia Maffei – Technology Reporter, Boston Business Journal Commonwealth Fusion Systems, or CFS, an MIT spinoff seeking to commercialize fusion energy, said on Wednesday it closed more than $1.8 billion in funding. The Series B round, possibly one of the largest single rounds of financing raised by a Bay State company this year, was […]
By Todd Gillespie and Catherine Lucey Citigroup Inc. Chief Executive Officer Jane Fraser met with President Donald Trump on Wednesday to pitch public stock offerings for mortgage giants Fannie Mae and Freddie Mac. Fraser met with Trump to discuss the bank’s possible involvement in monetizing the Federal National Mortgage Association and Federal Home Loan Mortgage Corp., the firms that have been under government […]
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 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 […]
By Grant Welker – Projects Reporter, Boston Business Journal Developer and Sal’s Pizza founder Sal Lupoli is launching a major mixed-use project in Littleton, transforming a former IBM office campus into King Street Common — a 50-acre development with more than 1,000 housing units, 115,000 square feet of retail and restaurant space, and a 150-room hotel. The […]
Activity surges to highest level in more than five years By Phil Mobley Growing economic uncertainty was not enough to stem the tide of tenants’ appetite for U.S. office space in the first quarter of the year. Office-seeking companies leased an estimated 115 million square feet in the first three months of 2025, according to preliminary […]
