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 […]
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 […]
By Isabel Hart – Reporter, Boston Business Journal Hannaford Supermarkets to Close Marlborough Store, 160 Employees Affected Hannaford Supermarkets will lay off 160 employees from its Marlborough store in mid-September, according to a filing with the state. The layoffs are set to take effect on September 13, and all employees at the store will be impacted. Workers […]
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 […]
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” […]
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, […]
Ashley Capoot IBM on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers. “We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are […]
By Larry Edelman To paraphrase a popular business maxim — most frequently attributed to management guru Peter Drucker — you can’t improve what you don’t measure. To that end, a leading business group on Monday unveiled the Massachusetts Competitive Index, a new gauge of the state’s economic strengths and weaknesses designed to show how we compare against […]
By Trajan Warren The state Senate will vote on a $2.8 billion economic development bill on Thursday which includes plans to transform a 43-acre parcel in Everett into a stadium for the New England Revolution. A separate bill passed by the House in June — H.4804 — didn’t include plans for the stadium. If passed by the Senate, […]
